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The rest of the Reagan miracle was accomplished with debt. Now, with the North Sea oil playing out, all that’s left is the banking necromancy in Threadneedle Street.
It comes at an odd moment in history, namely as the massive oil wealth of the Middle East and North Africa enters decline.
Trump thinks he’s going to rebuild highways and bridges for another century of Happy Motoring — to make America like it was in 1962 forever. The bond market is poised for collapse as I write, and Trump’s money people (that is, the Goldman Sachs gang he has assembled) are talking about issuing fifty and 100 year “Build America” bonds. He infers from their garbled exchange that he is an orphan, found in a willow basket on the welcome mat outside their New York apartment.
Their nostrils must be rimed with the frost of Medellin. Thinking now that his parents are imposters, he steals away to Grand Central Station and buys a train ticket to Drakesville, Vermont, where he intends to start life all over again.
They’re certainly not going to accomplish this trick by raising taxes. Kunstler skewers everything from kitsch to greed, prejudice, bloodshed, and brainwashing in this wily, funny, rip-roaring, and profoundly provocative page- turner, leaving no doubt that the prescriptive yet devilishly satiric A World Made by Hand series will continue Also: Published as an E-book for the first time!
The 20th Anniversary edition With an entertaining new introduction by the author Bargain Price .99 Amazon Kindle Support this blog by visiting Jim’s Patreon Page!