In These New Times

A new paradigm for a post-imperial world

Donald Trump’s “Madness”

Posted by seumasach on June 19, 2018

Trump appears intent on undermining the whole US-led post-war, or rather post-1971, order. Here Hugo Salinas Price shows that the ever-growing US trade deficit is a necessary component of that order. It feeds US government spending and ensures the flow of dollar into the global system. Logically, the US must move from being the consumer of last resort to being once again a productive economy, another professed Trump goal.

Hugo Salinas Price

14th June, 2018

Way back in 1995, when Mexico was in the throes of another financial crisis, I figured out the problem of the existing world’s monetary system, based on the paper dollar as the fundamental currency of the world.

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