Will “Isolating America” and “Draining the (U.S. Constitution’s) Swamp” End the U.S. Dollar as the World’s Reserve Currency?

What would happen to the U.S. dollar if Trump and Bannon succeeded in “Draining the (U.S. Constitution’s) Swamp”?

Trump has never defined what he meant by “Draining the (U.S. Constitution’s) Swamp,” but his closest advisor Steven Bannon has. Bannon has said, “I’m a Leninist. Lenin wanted to destroy the state, and that’s my goal, too. I want to bring everything crashing down, and destroy all of today’s establishment.”

The Lenin that Bannon referred to was Vladimir Ilyich Ulyanov, better known by the alias Lenin, who was a Russian communist revolutionary, politician, and political theorist.

And in the United States, the state is defined by the U.S. Constitution. That document is the law that guides America. To destroy the state means the end of that Constitution.

As long as the U.S. dollar is viewed as a stable currency, it will remain as the world’s reserve currency but trust in the United States is being quickly eroded by mentally ill, twitter fingers Donald Trump with advice from his handler, Leninist (Communist) Steve Bannon. But if Trump, and Bannon, causes the world to lose trust in the United States and that reserve status is lost, the results would be a major currency devaluation and a drastic standard of living adjustment down.  That could well be a catastrophe for the United States and for the nations that hold their wealth in American dollars.

What is Trump doing to lose trust in the United States?

Roger-Mark De Souza, writing for the Wilson Center, says, “A lack of U.S. government support for the Paris climate agreement will mean that the United States will further isolate itself from international collaboration and cooperation on multiple fronts. It will affect U.S. security, the provision of jobs; U.S. business operations, and U.S. diplomatic efforts. The agreement, because it has a broad basis of support, will continue with or without the United States.”

What else has Trump done to destroy America’s relationship with its long-time allies and friends around the world? Watch the videos to discover answers to this question.

Oil Price.com reports The Clock is Ticking On The U.S. Dollar As World’s Reserve Currency. “Nobody plans to give way as keeper of the supreme currency, so there is no schedule to follow and no way to know when the torch will be passed from the dollar to the Yuan … history has shown that the shift comes suddenly, usually in the heat or aftermath of war. … It should be clear now that the reserve currency status is neither a birthright nor a privilege that stays forever in one place, which means it isn’t a question of if China will replace the U.S. as title holder but when. … What should no longer be unthinkable is that the clock is ticking on America’s status as the holder of the reserve currency.”

“The demise of the dollar will also bring radical changes to the American lifestyle,” Victoria Crowmberg says. “When this economic tsunami hits America, it will make the 2008 recession and its aftermath look like no more than a slight bump in the road. It will bring very undesirable changes to the American lifestyle through:

  1. Massive inflation,
  2. High interest rates on mortgages and cars,
  3. Substantial increases in the cost of food, clothing, and gasoline and
  4. A much harder time financing its debt.

Right now, there is a huge demand for U.S. dollars and for U.S. government debt since countries around the world have to keep huge reserves of U.S. currency lying around for the sake of international trade but what if … the appetite for U.S. dollars and U.S. debt dried up dramatically? That is something to think about.”

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Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran with a BA in journalism and an MFA in writing, who taught in the public schools for thirty years (1975 – 2005).

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To Make America Great Again, Trump must return the United States to the 1960s.

In 1900, 40-percent of Americans lived in poverty, 7-percent graduated from high school, and 3-percent from college. Women were chattel. That means they belonged to a man: father, husband, brother, etc. Children as young as seven could be sold into a form of slavery called servitude and in some states that included legal prostitution.  Even in states where prostitution was illegal, few ever did anything to save those children sold into that life by their poor parents.

How educated is the United States today? In 2014, 90.83-percent of Americans had a high school diploma or GED, and 44.08 percent had an associate and/or bachelor’s degree.

Since Trump doesn’t read, he doesn’t know this or doesn’t care, and that there is no time in American history that we were greater than we were in the 1960s.

If we look at the chart in this Atlantic piece, we discover America was greatest between 1960-1970, the Civil Rights Era; and when labor union membership was at its highest.

In fact, “Middle-Class Decline Mirrors The Fall of Unions In One Chart” we discover that the middle class was best off at the high point of union membership in 1967.

Now imagine if Trump was a reader and he was actually educated and knew all this and his make “America Great Again” was to return the U.S. to the 1960s, but without a war like the one in Vietnam.

That will never happen, because the malignant narcissist in the White House links his presidency to America Being Great Again. Nothing else counts to Donald Trump. He thinks that once he was elected and sworn in, the United States was Great Again.

_______________________

Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran with a BA in journalism and an MFA in writing, who taught in the public schools for thirty years (1975 – 2005).

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If elected, who will Donald tRUMP blame when he fails to bring back the jobs and “Make America Great Again”?

One of the foundations of Donald Trump’s allegations that he is the only candidate for president that can make “American Great Again” is to bring back the jobs lost to China and Mexico.

But, the AP reported on November 2, 2016, Why Robots, not trade, are behind so many factory job losses.  “Despite the Republican presidential nominee’s charge that ‘we don’t make anything anymore,’ manufacturing is still flourishing in America. Problem is, factories don’t need as many people as they used to because machines now do so much of the work.

“America has lost more than 7 million factory jobs since manufacturing employment peaked in 1979. Yet American factory production, minus raw materials and some other costs, more than doubled over the same span to $1.91 trillion last year, according to the Commerce Department …”

In addition, ABC News reports some facts that Donald Trump doesn’t want his followers, known as the deplorables, to know, “A study at Ball State University’s Center for Business and Economic Research last year found that trade accounted for 13 percent of America’s lost factory jobs. The vast majority of lost jobs — 88 percent — were taken by robots and other homegrown factors that reduce factories’ need for human labor.”

“We’re making more with fewer people,” says Howard Shatz, a senior economist at Rand Corporation think tank.

In fact, the World Economic Forum predicts that another 5 million jobs will be lost to automation by 2020. “The Fourth Industrial Revolution, combined with other socio-economic and demographic changes, will transform labour markets in the next five years, leading to a net loss of over 5 million jobs in 15 major developed and emerging economies.”

Too bad this information wasn’t reported earlier. With the election on November 8, tomorrow, it’s too late to attempt to teach the “deplorables”, who earned that title, the truth, that their psycho, narcissistic, bully, fraudulent crook of a candidate, who was born with a gold spoon in his mouth and bailed out of repeated failures more than once by his wealthy/powerful daddy, either doesn’t know what he is talking about or his promise to bring those jobs back that didn’t go to China or Mexico is just another one of his endless, serial lies.

What will  tRUJMP shout from his stage when the jobs don’t come back? The answer is easy because we have 70 years of tRUMP’s life to show us what he has always done. He will not admit he failed. He will lie repeatedly and blame it on Congress, the US Supreme Court, and anyone else he can smear

The tragedy is that many of his deplorable followers will willingly swallow those lies whole and roar the vengeance of the mob.

_______________________

Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran, with a BA in journalism and an MFA in writing, who taught in the public schools for thirty years (1975 – 2005).

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I agree with Hillary Clinton when it comes to closing down the dirty, dangerous coal-mining industry

I watched this disturbing interview on Yahoo News this morning that made Hillary Clinton look horrible and insensitive, because she said, “We’re going to put a lot of coal miners and coal companies out of business.”

I agree with Hillary Clinton, because coal is a dangerous, polluting industry, and it’s time for that industry to fade into history. Just watch the videos in this post to learn why the United States would be better off without coal.

How many jobs are we talking about?

There are approximately 174,000 blue-collar, full-time, permeant jobs related to coal in the U.S.: mining (83,000), transportation (31,000), and power plant employment (60,000).”  – SourceWatch.org

Let’s compare the loss of those 174,000 jobs to another factor that is getting rid of human jobs. I’m not talking about China. I’m talking about automation, because VOA News.com reports “The United States lost 3.2 million jobs to China between 2001 and 2013, according to the Economic Policy Institute. Three-fourths of those jobs were in manufacturing. About 60 percent of the reshored jobs (jobs returning to the U.S. because of rising labor costs in other countries) between 2000 and 2015 came from China.”

Forbes reported that millions of jobs have been lost to automation and millions more will be lost.

CNN Money reports, “Technology could kill 5 million jobs by 2020.”

MIT Technology Review explains How Technology Is Destroying Jobs.  “Improved industrial robotics to automated translation services—are largely behind the sluggish employment growth of the last 10 to 15 years. … Job growth suddenly slowed in 2000, while productivity remained robust.”


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According to Statista.com, in September 2016, there were 124.75 million Americans working at full time jobs. Jobs in the dangerous, unhealthy, environmentally polluting coal industry in the U.S. represents about 0.14 percent of the total number of jobs in America.

What about jobs that are replacing those lost in the coal industry?

Did you know that “According to The Solar Foundation, as of November 2014, the solar energy industry provided 173,807 direct jobs. This is a 21.8 percent increase in solar jobs from November 2013. Overall, solar jobs growth accounted for 1.3 percent of all new U.S. jobs in 2014. Factoring in indirect and induced job impacts, which amount to 531,200 additional jobs, total employment in the solar energy sector exceeds 705,000 jobs.” – Environmental and Energy Study Institute

And that’s just in the solar industry. “The Ecotech Institute used the Bureau of Labor Statistics definition of a green job to calculate the number of clean job openings in 2014. The organization found a 13 percent increase in clean job openings from 2013 to 2014, from 3.6 million clean job openings in 2013 to 3.8 million openings in 2014. The institute estimates that there were 1.2 million clean job openings in the first three months of 2015.”

Instead of attacking Hillary Clinton for wanting to get rid of the dangerous, dirty coal industry, and replace that industry with jobs in green renewable energy, why aren’t we protesting jobs lost to robots and automation?

I know its scary to lose a job and start over, but how many industries and jobs vanished in the last century to be replaced with something new?

To give you an idea, here are a few from Mainstreet.com: copy boy, log driver, lamplighter, pinsetter, switchboard operator, telegraph operator, ice cutter, ice delivery, Dictaphone operator, typing pool, newspaper typesetter, elevator operator, mimeograph operator, and street sweeper. I’m sure this list is much longer if we dig deeper.

Did you know that in 1910, farmers made up 15 percent of the workforce and farm labor made up more than 15 percent (for more than a third of the jobs in the U.S.), but today that number is down to about 2 percent for both farmers and farm labor? – bls.gov

It’s time for the coal mining industry to go out of business for good. Welcome to the world of lost jobs, for humans.

_______________________

Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran, with a BA in journalism and an MFA in writing, who taught in the public schools for thirty years (1975 – 2005).

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What kind of Capitalist Democracy do you want to live in?

It’s a fact that the capitalist system a country has effects its democracy and limits the freedom of its people, and the capitalism (along with a few other countries) in the United States today is known as Crony Capitalism.

Who benefits from Crony Capitalism — hint, it’s not 99.9% of the people?

But there are several forms of capitalism so there are other choices: Turbo Capitalism, Responsible Capitalism, Popular Capitalism, Crony Capitalism and State Capitalism.

Economic Help.org reports that “Crony Capitalism is a term used to refer to the situation where business success is related to strategic influences with civil servants, politicians and those in authority.”

If you want to discover the countries where crony capitalism exists, The Economist publishes The crony-capitalism index. Take a look.

I prefer Responsible Capitalism. Click Economic Help.org  to learn what that means, and then read the rest of this post to discover why that’s my choice.

By the way, capitalism was not invented in the United States. Watch the following video to find out more. In addition, democracy was invented by the Greeks in ancient Athens more than 500 years before Jesus Christ was born.

The odds favor that most people think there is only one form of democracy, because most don’t have a clue what a democracy really is and the effect capitalism has on the freedom of the people.

According to Democracy Building.info, there are three basic types of democracy: direct democracy (Switzerland), presidential democracy (USA, France), and parliamentary democracy (UK, Germany, Spain, Italy, etc.).

However, Governmentvs.com lists 10 different types of democracies. I’m not going to list them here. You can click the link if you want to learn more.

Since there are so many forms of capitalism and democracy, which combination offers the best place to live?

One way to answer that question is to look at the world’s 5 happiest countries: Denmark, Switzerland, Iceland, Norway and Finland.

We already know Switzerland is a direct democracy. Norway and Denmark are constitutional monarchies with parliaments. Finland and Iceland are parliamentary democracies.

It might also surprise you to discover that three of the five happiest countries are also on the list for the most socialist nations in the world: Denmark, Finland, and Norway.

To be clear, Denmark, Finland and Norway are not socialist countries, but they have social safety net programs to make sure no one starves or ends up homeless. It also helps that poverty is low in these five countries. The poverty rate in Switzerland is 7.6 percent, in Finland it’s less than 5 percent; it’s 6 percent in Denmark, 9 percent in Iceland, and in Norway the child poverty rate is 3.4 percent.

In the United States, more than 45 million people live in poverty (more than the combined populations of the 5 happiest countries in the world), and 22 percent of America’s children live in poverty.

Did you notice that the five happiest countries in the world are not listed on The Economist’s Crony-Capitalism Index? What does that say about Crony Capitalism?

_______________________

Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran
who went to college on the GI Bill and taught in the public schools for thirty years (1975 – 2005).

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Lofthouse’s first novel was the award winning historical fiction My Splendid Concubine [3rd edition]. His second novel was the award winning thriller Running with the Enemy followed by his award winning memoir Crazy is Normal.

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What does it mean to Make America Great and Debt Free Again?

Donald Trump claims as president he will ‘Make America Great Again’, but he never defines what that means. The Huffington Post reports that it means ‘Make America White Again’ to explain what era in this country’s history Trump is nostalgic about.

Then Time Magazine’s cover for April 26, 2016 shouts ‘Make America Solvent Again’ and says each American man woman and child owes $42,998.12 to pay off the U.S. (federal) debt.

The fact is that the United States government has never been debt free. Even the American Revolutionary War (1775 – 1783) left the United States in debt. In 1790, thanks to the costs of fighting a revolution, the U.S. was more than $71 million in debt and has never been debt free since.

War is expensive. The American Revolutionary War inflicted great financial costs on all of the combatants, including the United States of America, France, Spain and Great Britain. France and Great Britain spent 1.3 billion livres and 250 million pounds, respectively. The United States spent $400 million in wages for its troops. The War of 1812 cost the U.S. around $105 million. In 1860, the year before the American Civil War started, the U.S. Government debt was $64.8 million. Once the war began, debt grew quickly. The financial cost of the war was significant, totaling an estimated $5.2 billion.

The U.S. also spent $27 billion fighting in World War I.

Keep in mind as I go on that this is not a complete list of all the wars the U.S. has fought. If you are interested, click the following link to see more: Congressional Research Service (CRS)

World War II cost the U.S. $296 billion. In 2011 dollars, according to the CRS, that’s more than $4 Trillion. Vietnam cost $738 billion in 2011 dollars. Then there was the Persian Gulf War, Iraq, Afghanistan, etc. Iraq and Afghanistan, alone, have cost the U.S. more than $2 Trillion in 2011 dollars.

But what about that $42,998.12 share of the national debt for every man woman and child in the United States? I found the answer at About News.com.

“The U.S. Treasury manages the U.S. debt through its Bureau of the Public Debt. It’s broken out the debt into two broad categories: Intragovernmental Holdings, at $5.329 trillion, and Debt Held by the Public, at $13.751 trillion (Source:  Debt to the Penny, U.S.

Treasury, as of February 29, 2016.)

“Intragovernmental Holdings – Nearly 30% of the Federal debt is owed to 230 other Federal agencies. Why would the government owe money to itself? Some agencies, like the Social Security Trust Fund, take in more revenue from taxes than they need right now. Rather than stick this cash under a giant mattress, they buy U.S. Treasuries with it.

“By owning Treasuries, they transfer their excess cash to the general fund, where it is spent. Of course, one day they will redeem their Treasury notes for cash. The Federal government will either need to raise taxes or issue more debt, to give the agencies the money they will need.”

Before I go on, I want to point out that working Americans pay into the Social Security Trust Fund through a special tax.  Social Security is an earned entitlement, and the average worker works for 45 years before being old enough to collect from the Social Security Trust Fund that the average workers paid into.  Social Security is NOT welfare.

Back to About News.com

Which agencies own the most Treasuries? Social Security, by a long shot. Here’s the detailed breakdown (as of December 31, 2015):

Social Security (Social Security Trust Fund and Federal Disability Insurance Trust Fund) – $2.786 trillion

Office of Personnel Management Retirement – $873 billion

Military Retirement Fund – $601 billion

Medicare (Federal Hospital Insurance Trust Fund, Federal Supplementary Medical Insurance Trust Fund) – $267 billion

All Other Retirement Funds – $187 billion

Cash on Hand to Fund Federal Government Operations – $508 billion. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, December 2015)

Fact: More than half of the national debt is held by the public and every man, woman and child in the United States is the public. Other countries own $6.175 Trillion of the $13.9 Trillion U.S. debt that Time Magazine mentions on its cover.

In conclusion, if every man woman and child in the United States paid $42,998.12 to pay off the debt that Time Magazine says we each owe, does that mean we are paying ourselves for 55.6% of that debt or $23,906.95, because that’s what the U.S. government owes every man woman and child in the United States.  Now, if we only want to pay off other countries that own 44.4% of the debt, then the real cost to each man, woman and child in the U.S. (more than 323 million people today) would be about $19,000 each after we all paid ourselves back for what the feds owe us so why not apply what the federal government owes us to pay off our share of the national debt held by foreign countries? Then the feds would only owe every man woman and child $5,000 each.

I’m sure that every American would love to get a check in the mail for $5,000. For a family of four that would be about $20,000.  The more children a family had, the bigger the check. Then the federal government would be debt free, but what would the media, like Time Magazine, do without that debt to kick around to scare us with?

Maybe what every man, woman and child in the U.S. should do is bill the federal government for what is owed them and if the feds don’t pay up add penalties and interest on that debt. Imagine how much the federal government would owe each U.S. citizen at the end of another ten years. Of course, the government could file bankruptcy and default on what they owe every man, woman and child in the United States.

If that happened, do you think the U.S. government would stop paying corporate welfare that adds up to more than $1 Trillion every decade — a lot less than what they pay America’s working poor so they don’t starve or end up homeless?

_______________________

Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran,
who taught in the public schools for thirty years (1975 – 2005).

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Where to Buy

Lofthouse’s first novel was the award winning historical fiction My Splendid Concubine [3rd edition]. His second novel was the award winning thriller Running with the Enemy followed by his award winning memoir Crazy is Normal.

To follow this Blog via E-mail see upper left-hand column and click on “FOLLOW!”

Will the U.S. Cultural Revolution Rival Mao’s in Suffering and Loss?

Revolution Rival Mao’s in Suffering and Loss?The only difference between the Cultural Revolution in the United States and Mao’s in China (1949 – 1976) is that this unique American Revolution is from the top down instead of the bottom up. In China the majority of the people supported the Chinese Communist Party against the Nationalist Party in a Civil War that raged for decades (1927 – 1950).

But in the United States, the revolution is being led by the wealthiest 0.1% of Americans: for instance, Bill Gates, two of the four Koch brothers, the Walton Walmart family, Rupert Murdock, Wall Street, Corporate America, Hedge Funds, recently Mark Zuckerberg of Facebook, who was recruited into the Gates Cabal, and a few other poorer billionaires, for instance Eli Broad in California, a billionaire who made his money in real estate and who is currently funding a campaign to take half the children in the public schools in Los Angeles and move them into private sector, autocratic, opaque, often fraudulent, for profit corporate charter schools that are often worse than the public schools they replace according to more than one study out of Stanford. “75 percent of charter schools showed either no significant difference or were significantly weaker than traditional schools.” – Desert News

During Mao’s Cultural Revolution, the end goal was to end capitalism and support socialism to reduce the suffering of the majority of China’s people. In America’s current Cultural Revolution launched by President Ronald Reagan with his failed trickle down economic theory, the goal has been to privatize and/or weaken the government by eliminating the public sector: public education, health care,  public police, health care for veterans through the Veterans Administration (VA), the U.S. Postal Service, the U.S. Military, Social Security, Medicare, Obamacare, etc.

The most recent incident of crimes against humanity in this U.S. Cultural Revolution that has been slowly gaining steam since Reagan: 10 Things They Won’t Tell You About the Flint Water Tragedy, but I Will By Michael Moore.

Moore starts with, “While the Children in Flint Were Given Poisoned Water to Drink, General Motors Was Given a Special Hookup to the Clean Water.” Click the link in the previous paragraph to read the details and to discover the other nine crimes.

The Washington Post reports, how do states support their public schools? Badly, a new 50-state report card shows. The highest grade was a C average (2.5 GPA), and only three states earned it: Iowa, Nebraska and Vermont.

Mother Jones says, “It’s the Inequality, Stupid, and then explains what’s wrong with America in eleven charts. “A huge share of the nation’s economic growth over the past 30 years has gone to the top one-hundredth of one percent, who now makes an average of $27 million per household. The average income for the bottom 90 percent of us? $31,244.”  Click the link in this paragraph to discover the horrid but true details.

Global Research asks, The Prison Industry in the United States: Big Business or a New Form of Slavery? “Human rights organizations, as well as political and social ones, are condemning what they are calling a new form of inhumane exploitation in the United States, where they say a prison population of up to 2 million – mostly Black and Hispanic – are working for various industries for a pittance. For the tycoons who have invested in the prison industry, it has been like finding a pot of gold. They don’t have to worry about strikes or paying unemployment insurance, vacations or comp time. All of their workers are full-time, and never arrive late or are absent because of family problems; moreover, if they don’t like the pay of 25 cents an hour and refuse to work, they are locked up in isolation cells.”

What has happened over the last 10 years? Why are there so many prisoners?

“The private contracting of prisoners for work fosters incentives to lock people up. Prisons depend on this income. Corporate stockholders who make money off prisoners’ work lobby for longer sentences, in order to expand their workforce. The system feeds itself,” says a study by the Progressive Labor Party, which accuses the prison industry of being “an imitation of Nazi Germany with respect to forced slave labor and concentration camps.”

The prison industry complex is one of the fastest-growing industries in the United States and its investors are on Wall Street.

When President Richard Nixon declared his war on drugs, the average prison population in the United States for decades was about 250,000 or less. Today that number is approaching 2.5 million, the largest prison population on the planet, and China is #2 with almost five times the total population.

This American Cultural Revolution that is being led by the wealthiest and most powerful Americans has also waged war against labor unions since the 1960s and as union membership rates declined, middle class incomes shrunk.

Union Membership shrinks along with middle class incomes

The Military Times reports that veterans are against “plans to replace VA health care with a voucher system, an idea backed by some Republican lawmakers and presidential candidates.”

The United States was once proud to have an all-volunteer army but that isn’t true anymore. Foreign Policy.com reveals The New Unknown Soldiers of Afghanistan and Iraq and asks, “Did you know that private contractors in Afghanistan outnumber U.S. troops three to one?”

“Indeed, since 9/11, private contractors have been deployed at roughly the same — or even higher — rates as U.S. troops in support of the wars in Iraq and Afghanistan. This is hard to detail, because the U.S. military has never adequately tracked contractor personnel deployed in support of overseas operations, according to various Government Accountability Office (GAO) reports. (To give one highly disturbing anecdote demonstrating this, while in September 2011 the GAO found that the military could not reliably determine the number of contractor personnel that had been killed or wounded in Iraq or Afghanistan, over the same time period, the Pentagon had accurately been tracking the number of combat dogs killed in both countries.)”

What happens when for-profit corporations take over fighting America’s wars, and who do you think will end up doing the fighting?

 _______________________

Lloyd Lofthouse is a former U.S. Marine and Vietnam Veteran,
who taught in the public schools for thirty years (1975 – 2005).

Crazy is Normal promotional image with blurbs

Where to Buy

Lofthouse’s first novel was the award winning historical fiction My Splendid Concubine [3rd edition]. His second novel was the award winning thriller Running with the Enemy followed by his award winning memoir Crazy is Normal.

To follow this Blog via E-mail see upper left-hand column and click on “FOLLOW!”