[Marxism] Trump's Other Wall - CounterPunch.org
lnp3 at panix.com
Thu Aug 29 07:05:35 MDT 2019
Trump brags about the ‘wall of money’ now flowing into the US from
abroad–from Europe, Asia, emerging market economies–as the global
economy slides into recession there faster than in the US. He thinks
that is great news for the US economy. But it’s quite the opposite.
Trump’s trade war, his provoking of a global currency war, his monetary
policy of forcing the Fed to lower rates all exacerbate the Wall of
Money inflow to the US which hastens the decline of the global economy.
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