TOM LUONGO: Post-WWII US policy was designed to create the Eurodollar system which morphed into the LIBOR Reserve Standard with the goal of destroying the US otherwise known as the 'colony that got away.'

Far from being a detriment to Americans, the threat of tariffs wielded by President Trump is a mechanism for ensuring that other nations embrace reciprocity – “fair dealing” in classical American terms – to ensure that predatory behavior by modern mercantilist superstates such as China does not injure American workers and industries. In this sense, President Trump is inheriting the traditional, pro-labor political mantle of the Democratic Party following World War II. --Christopher Whalen

Great article by @rcwhalen on Smoot-Hawley.

He dances around it so I won't.... history is written by those who want to justify current policy, in this case not just 'progressives' but those that wanted to hollow out US industrial capacity and transfer it back home to Europe.…

— Tom Luongo (Head Sneetch) (@TFL1728) May 29, 2025

"Did Smoot-Hawley Cause the Great Depression?" Christopher Whalen, ZeroHedge, May 29, 2025.