Whether or not API is as much a fraud as the wires is not at question. What is at question is (1) if that truth absolves the ostensible political right from fairly and fully reporting (and acknowledging) the depth of the monetary crisis and resultant economic slump, and (2) if the right not doing so, which it is clearly loathe to do, constitutes its service to conservatism.
That truth is also self-evident: The popular right utterly fails to acknowledge the macroscopic results of the fiat currency economy, the data about which dwarfs this little snippet in space and time, Blumer. Because a full analysis shows just what a dire situation the socialization of America and the concurrent devaluation of its currency hath wrought.
The next complete, objective, honest analysis by the right of the entire financial mess facing this country as the result of decades of debt-making and debased currency will, sadly, be among the first. A real shame, given at the least what Jefferson observed about bankers.
