By: TM George
Normally, America’s economy is in the shape of a closed pyramid. Money is input into the pyramid at various points by the Federal government. Money circulates in the pyramid as currency. Typically, money never leaves the pyramid. Today, this very minute, the pyramid is in an abnormal state. It is partially open. Money is leaving the pyramid, never to return. The nation does not have money enough to discharge its financial obligations.
The country’s money, the GNP, is normally circulated in the economy and never leaves. Imports are mostly balanced by exports. Now money goes out of the pyramid in the form of jobs and industries to foreign countries. Twenty three trillion dollars are parked offshore in hidden accounts and investments. Little of that money returns to the economy.
That American money, as all American money, is owned by the citizens of America. It is printed and issued by the government to be used, invested and saved in the USA by the earners of the money. If that money was circulating in the American economy, the sixteen trillion dollars deficit would be wiped out overnight.
If the Republicans are elected, and do what they say they will do, the country is headed for an open pyramid economy. In the open pyramid, all money except the bare minimum needed to maintain the military and the rich, goes through the hands of multinational corporations owned by foreign countries. None of that money ever returns to the American economy. America goes broke and is unable to sustain the poor and middle class.
Multinational corporations run the country through bought politicians. Heavens forbid if those corporations get hold of the nation’s military. Americans will be in for rough sledding as the country is defeated without a single shot being fired.