This is not really currency that circulates. It's like the old joke about expensive vintage wine. Wine prices will go up and once in a while somebody will buy a 50-year-old bottle of wine and say, "Wait a minute. This has gone bad." The answer is, "Well, that wine isn't for drinking; that's for trading." These $100 bills aren't meant to circulate. They're not to spend on goods and services. They're a store of value. They're a form of saving.
Michael HudsonMr. Trump wants to turn the U.S. economy into the kind of real estate development that has made him so rich in New York. It will make his fellow developers rich, and it will make the banks that finance this infrastructure rich, but the people are going to have to pay for it in a much higher cost for transportation, much higher cost for all the infrastructure that heโs proposing. You could call Trump's plan "public investment to create private profit". That's really his plan in a summary.
Michael HudsonYou have a choice. Either you can have more oil, or more clean water. Fracking is not good for the water supply.
Michael HudsonWe go forward with our heads held high, but look back and remember where we come from.
Michael HudsonWhen you say "paying the banks," what they really mean is paying the bank bondholders. They are basically the One Percent.
Michael Hudson