Responding at long last to polls that show more people on the planet view the US as a threat to world peace than any other country, Congress today took the unusual step of introducing sanctions against anyone who trades with the rogue American Empire.
The new measures are expected to hit China especially hard. Americans count on China to produce virtually everything they buy. It is expected that it may take American firms a generation to ramp up production of consumer electronics and ersatz plastic crap to levels that will satisfy the buying public.
Americans also count on China to buy its public debt. It is not known if the Chinese will respond by telling us to buy our own debt then.
Also hard hit will be Saudi Arabia, or at least its ruling family. That's a pretty big family. With every generation the number of Saudi princes quadruples, to the point where the national economy now suffers from a bad case of "prince-lock", whereby the 50,000 or so Saudi princelings have such a firm grip on the national treasury that there's little left for anyone else.
Canada is expected to suffer too. Long pleased with the fact that 80% or more of their foreign trade is with the US, the sanctions will certainly come as a sharp blow to the Canadian economy. Never mind finding new markets for your dirty oil; how about finding new markets for 80% of your economic output?
The effect of the sanctions on the American economy is expected to be positive in the long run.
While in the short-term consumers are likely to be shocked at the miles of empty shelves in their local Walmart Super Center, the employment boom that will ensue as we struggle to replace imports will soon have everyone from the local homeless shelter to the corner offices on Wall Street whistling "happy days are here again".
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