Susan Kokinda
Three moves in ten days. President Trump’s executive orders on energy. Kevin Warsh’s “regime change” testimony at the Federal Reserve. Scott Bessent’s Economic Fury — the on-the-record Treasury warning to London about the banks laundering money for the Iranian regime. Taken together, they reveal something almost no one is naming: an economic regime change, from the British System of financial control to the American System of production.
Start with the finding that President Trump signed on April 20th. Under the Defense Production Act, the President issued a formal Presidential determination on large-scale energy and energy-related infrastructure. Buried in the legalese is this finding:
That isn’t a policy statement. It’s a legal indictment of a system.
Continue reading …
Three moves in ten days. President Trump’s executive orders on energy. Kevin Warsh’s “regime change” testimony at the Federal Reserve. Scott Bessent’s Economic Fury — the on-the-record Treasury warning to London about the banks laundering money for the Iranian regime. Taken together, they reveal something almost no one is naming: an economic regime change, from the British System of financial control to the American System of production.
Start with the finding that President Trump signed on April 20th. Under the Defense Production Act, the President issued a formal Presidential determination on large-scale energy and energy-related infrastructure. Buried in the legalese is this finding:
“Our Nation’s current inadequate and intermittent energy supply leaves us vulnerable to hostile foreign actors and poses an imminent and growing threat to the United States’ prosperity and national security …Read that again. Under existing market conditions. This is the President of the United States, on the public record, declaring that the free market has left America economically defenseless. Transformer production is “dangerously limited,” in the President’s words. Large scale disruption of American transformers would leave us vulnerable to years-long replacement delays. The country that invented modern industry can no longer manufacture the equipment that keeps its lights on.
Consistent with that declaration, I find that ensuring the domestic capability for development, manufacturing, and deployment of large-scale energy and energy-related infrastructure is essential to United States national defense, yet due to financing risks, regulatory delays, and market barriers, these cannot be met in full under existing market conditions.
That isn’t a policy statement. It’s a legal indictment of a system.
Continue reading …
No comments:
Post a Comment