Loading ...Roger that. Interesting. Just one thing re “Ororeef said unions drove textiles over seas.” Trust me, that is also govt/business propaganda, and should not be repeated. Unions were all there after the great depression, and all after WW II Unions were ALLOWED and responsible for the massive middle class of the USA.
It had to be big business and the UN, in cahoots with our bought and paid for politicians, that drove textiles and everything else off shore and short circuited our high living standards, and accumulated industrial wealth and prosperity. The business/govt agenda in the ’70s was to bust unions. Wages were blamed fo the so-called inflation of the 1970s.
When in fact, the climbing prices were result of Dopey Dollar dropping in value after being removed from gold backing. Dollar down prices up, unions wages kept up Govt/business didn’t like it. They direct blame in the wrong direction.
Actually during the 1970s money supply was contracted. High interest rates sucked money OUT of the system. The “inflation” higher money supply was after 1934 to 1971. The time lag combined with de-peg, saw prices higher.
If those scums never raised rates to 21% ’71 to ’81, prices would have EXPLODED. They had a damper on the climbing prices. Try to remember. Most of what everybody knows, came from THEIR media. Not ours. We don’t have one. We don’t even have our own gov’t. We obviously have an alien gov’t. No gov’t would sell out its own tax base.