U.S. Economic Statecraft and the Global Order

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1. Excellent!
2. wikipedia: "Upon being nominated Treasury Secretary by the President Clinton in 1999, Summers listed assets of about $900,000 and debts, including a mortgage, of $500,000. By the time he returned in 2009 to serve in the Obama administration, he reported a net worth between $17 million and $39 million."
   
   He was one of the "elites" that made the economic debacle we are still in, possible.
3. Larry looks like a native American Indian , like Pierre Trudeau they both speak with *fork tongue. ..He was brought in to help kill the dollar. *Note: not every native American Native speaks with F.T.
4. Why do Europeans have their heads in the sand about their own National Security ?
   And what about NATO ?
   28 countries & 500+ million people can't defend themselves Or don't they have BACKBONE to go it alone ? And really don't want to pay for it either !
   If US Taxpayers knew they pay 73% of NATO's Budget while 28 countries & 500+ million people only pay 27%..... it's Time 2 Get the USA out of NATO ..
   And 26 of 27 cities and 9 out of 10 countries in Europe all have better standards of living then the USA !!
5. http://www.usdebtclock.org/
6. What's the difference between Mr Putin taking The Ukraine & israel stealing Palestine ?
   
   We never punish israel
7. NAFTA the gift that just keeps on giving ....
   Thanks again Billy Clinton
8. We Americans are being ruled over by people that are Never elected by We the people..... the unlawful Federal Reserve System and the uncontrollable Military–industrial complex with our compliant State Dept.& Department of Defense !
   
   Does the Federal Reserve really answer to anyone ?
   
   The only Govt.entities that NEVER had a full & proper audits
9. Most neglected area? This is International Economic Relations; my zone. Having said that, Bechtel and Alcoa being the sponsors should tell you about all you need to know about this "neglected" part of IPE and IR! But, luckily, they give you Larry Summers too! You just cannot go wrong!
   
   I like how his historical revisionism tells him that WWI was fought because of Germany's economic progress and not British diplomats scheming for twenty years prior. One must wonder what he means by "economic management." Oh, but it gets better, assuming WWI was fought, if only the Great Depression hadn't taken place, WWII would not have been fought. What is this nonsense? The Great Depression was caused by the British mis-management of the international monetary system during WWI. The British desire to keep Sterling overvalued despite the increased currency issuance that was necessary for them to fight WWI is what caused the Great Depression. The Federal Reserve sold US gold to Britain for British debt in order to maintain the purchasing power of the Pound from 1926-1929. The same thing happened in South Africa, Australia, and Canada - each dominion banking system traded their assets for British debt to help the Bank of England. Further, German corporations had made cartel arrangements (licensing, patents, technical knowledge) with hundreds of US, European, and Japanese corporations (from 1929 on) which limited the production and utility non-Germans could engage in - is none of that relevant, Larry? Of course it is! That's basically what you call "commercial diplomacy," isn't it?
   
   "Did the US gain from the reconstruction of Europe? I would, uhhhh, suggest that, uhhh, we, uhhh, gained substantially."
   
   No fucking shit, Larry. Now, are you going to explain how the US "gained" from lending money to people so that they can build their productive capacities back up? His whole spiel here is to say that Trump's rhetoric of 'winning and losing' is misguided. Larry, the US system was constructed on the idea of debt bondage. Of course the US gains when people borrow from the US - and if they employ that money productively they gain too. But you are leaving out the parts where the US intends to keep markets corralled so that anyone doing any good anywhere is made possible only through US credit expansion. Don't try to pretend that the World Bank and the IMF care about anything other than making sure western corporations have access to raw materials as cheaply as possible, even if it means developing countries have to continually devalue their currencies relative to the USD. The modern US IPE strategy to achieve the end of "no beggar thy neighbor policies" is to ensure that all policies everywhere are beggar thy neighbor policies. The logic being that that undermines the negative qualities of that sort of competition. This is a joke. I am not going to be able to sit here and listen to this bullshit half-truth rendition of US shish boom bah IPE policy. If anyone reads this and wants a biblio, I'll put one together.
   
   People, Larry Summers is a liar and an idiot. He is a shill for the corporate class; he is one of the reasons why the field of economics is a joke. That he is taken seriously by academics and policy makers should indicate the corruption of the academic/policy community, or, at the very least, the intellectual handicaps required to proliferate pro-US economic propaganda.
10. 23:30 Competitiveness
11. I know how to solve this problem. I just wish I knew who to talk to about it.
12. all this capacity and exceptionalism from you murderers and thieves is a thing we do not stand for. we have no need for your greed, your money, or your fictitious policies. you folks bear a great responsibility for the Methane gas leak in California, the earth quakes in Ohio, and the lead contaminated drinking water in Flint Michigan.