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Ferdi Magellan<a href="https://aus.social/@feather1952" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@feather1952</a> Explainer for USians. <a href="https://aus.social/tags/TradeDeficit" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TradeDeficit</a> <a href="https://aus.social/tags/profligateconsumption" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#profligateconsumption</a>You have been living beyond your means. Don’t blame the rest of the world, tax the billionaires. “A country’s trade deficit (or more precisely, its current account deficit) does not indicate unfair trade practices by the surplus countries. It indicates something completely different. A current account deficit signifies that the deficit country is spending more than it is producing. Equivalently, it is saving less than it is investing.“America’s trade deficit is a measure of the profligacy of America’s corporate ruling class, more specifically the result of chronically large budget deficits resulting from tax cuts for the rich combined with trillions of dollars wasted on useless wars. The deficits are not the perfidy of Canada, Mexico, and other countries that sell more to the US than the US sells to them.”<a href="https://aus.social/tags/USTrade" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USTrade</a> <a href="https://aus.social/tags/TradeImbalance" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TradeImbalance</a> <a href="https://aus.social/tags/USA" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USA</a> <a href="https://aus.social/tags/Tariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Tariffs</a> <a href="https://aus.social/tags/TrumpTariffs" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#TrumpTariffs</a> <a href="https://aus.social/tags/USPol" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#USPol</a> <a href="https://aus.social/tags/JohnMenadue" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JohnMenadue</a> <a href="https://aus.social/tags/IndependentMedia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#IndependentMedia</a>

earthlingJohn Menadue is the Founder and Editor in Chief of Pearls and Irritations. He was formerly Secretary of the Department of Prime Minister and Cabinet under Gough Whitlam and Malcolm Fraser, Ambassador to Japan, Secretary of the Department of Immigration and CEO of Qantas.<a href="https://johnmenadue.com/precis/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://johnmenadue.com/precis/</a><a href="https://johnmenadue.com/wp-content/uploads/2021/02/Menadue.pdf" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://johnmenadue.com/wp-content/uploads/2021/02/Menadue.pdf</a>[FREE DOWNLOAD, 304 pages]<a href="https://a.gup.pe/u/bookstodon" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@bookstodon</a> <a href="https://mastodon.social/tags/books" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#books</a> <a href="https://mastodon.social/tags/nonfiction" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#nonfiction</a> <a href="https://mastodon.social/tags/memoir" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#memoir</a> <a href="https://mastodon.social/tags/Australia" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Australia</a> <a href="https://mastodon.social/tags/JohnMenadue" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JohnMenadue</a>

earthlingEhud Barak a former Prime Minister told John Lyons. ‘I once was asked some 30 years ago what I have been doing if I were a Palestinian and 30 years ago I was new enough in politics to tell the truth that if I were born Palestinian probably would’ve joined one of the terror organisations.’<a href="https://johnmenadue.com/resistance-a-terrorist-state-and-a-declining-us-empire-wage-genocide/" rel="nofollow noopener noreferrer" translate="no" target="_blank">https://johnmenadue.com/resistance-a-terrorist-state-and-a-declining-us-empire-wage-genocide/</a><a href="https://a.gup.pe/u/palestine" class="u-url mention" rel="nofollow noopener noreferrer" target="_blank">@palestine</a> <a href="https://mastodon.social/tags/Palestine" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#Palestine</a> <a href="https://mastodon.social/tags/EhudBarak" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#EhudBarak</a> <a href="https://mastodon.social/tags/JohnMenadue" class="mention hashtag" rel="nofollow noopener noreferrer" target="_blank">#JohnMenadue</a>

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