EPISODE · May 13, 2022 · 58 MIN
Is America the Second Coming of the Titanic?
from The American Enterprise Manifesto: My America's Vision of Peace and Nonviolence for Humanism · host Jerry Rhoads
Is America a second coming of the Titanic? Well let's look at the similarities. First of all the ship was too big and too lush in décor for the poor crew who had to save those who were the richest. The rush to get on a life boat, safety net should have been those who were at greatest risk ... the elderly, children and women. But it was the connected and the wealthy that scrabbled to the boats, using their connections to save themselves. This is the situation now with the American titanic economy hitting the tip of the iceberg with inflation, Fed interest rates, food shortages, funding of a Ukraine war, $1 trillion imbalance of trade with higher prices due to shipping and distribution costing more and more, the cost of living skyrocketing, the stock market hitting the skids, foreign competition closing the gap on our GDP, with taxation becoming the only tool in the repair kit. With a Biden administration saying inflation is transitory and the Fed saying interest rates to banks and investment brokers have to be increased to battle too much demand for too little production by the supply lines. Catch twenty-two and three at the same time. Looks like stagflation, similar to 2007 -2009 when the new party took over and made it worse. Of course the other party is using all of this to make sure they take back the Senate and the house in the midterms in November then the Presidency, in 2024. Then where does this leave us voters in the middle wondering why we expect either party to fix it when they caused it. The reality of the Titanic has been depicted in the best and the worst of times. The best or times was the idea of a great ship being infallible and a luxurious depiction of wealth forever brought together at the same time. And the worst possible happened. It was not infallible nor was it just for the wealthy. Worst of times was a captain that was oblivious to the danger awaiting them with the mere tip of the iceberg. The end result being one of the worst human disasters of all time. Had the plan been to safely circumvent the risk of hitting a glacier and the captain stuck to that plan the sinking of the Titanic would have never happened. The result was horrible and the captain E. J. Smith jumped ship and failed his 2,207 passengers and crew who felt the consequences of his incompetency in such troubled waters. 1,507 didn't survive and 712 were lucky. But the ship builder, according to the White Star Liner maker of the Titanic made the perfect craft. So, who became the goat (greatest of all time) for the disaster and loss of lives. It wasn't the commander, it wasn't the ship builder. So, who was to blame ... the tour guide or the icy waters or bad luck. It is history and no one can change it. If you don't buy this logic, look at the dominos that are set to fall after the mid-term and before 2024. 90% of the world’s global trade is shipped by sea, with 70% in containers. The USA has outsourced $48 billion imports per month from China. And another $30 billion from South Korea, Japan and Viet Nam. With the supply line container ships sitting in our 20 ports averaging 10 to 80 ships or over 300 waiting to be unloaded with China having 37,311TEU’s (4 containers) daily totaling 160 thousand containers on 148 Chinese vessels holding 610,000 TEU;s present to over 100 countries or 2.4 million containers waiting to be unloaded, carrying 4 per truck transported by 2 million USA semi-trailer truck drivers (68% of all freight is transported by semi’s). Or by 1,000 USA trains (25% of containers) 200 per train, This creates opportunity costs of $8 to 10 trillion of GDP worldwide in stalled delivery. America is the Titanic with too much demand and not enough supply creating a huge hole in the economy ... big enough to sink our Titanic. Who will fix it. The American Enterprise Party
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Is America the Second Coming of the Titanic?
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