Why my emphasis on roads? Because they're a symbol of American strength. Given that, it's not hard to imagine that states may increasingly react to Uncle Sam's lighter wallet by deciding to privatize other essential infrastructure. Publicly owned power plants or water-treatment facilities, perhaps, or other necessarily big-dollar entities potentially may become private businesses in the years to come, and often foreign-owned.
We're a nation forced by debt to allow countries like China to undercut our prices of domestically produced manufactured goods. That means our tradition of world dominance in making "things" is a thing of the past.
In essence, we're now being held hostage by oil-producing enemies. Their weapon of choice isn't the nuclear bomb. It's the slow erosion of our international monetary and manufacturing strength.
It shouldn't have been a shock to anyone this week when we learned that our trade deficit is even bigger than we thought.
If it's not a maxim already coined, allow me: The wisest way to conquer an enemy isn't with bullets or bombs. The most lethal "trigger" is mastery of monetary-system imbalances.
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