Great detailed interview of Clyde Prestowitz, former counselor to Sectary of Commerce of the Regan Administration. In this interview Prestowitz speaks of US stupid maneuvering and lack of doing the right thing for fear of antagonizing various nations of threat to the US. He speaks on “currency trade wars” which is also a forcasted by experts as an indicator before collapse of the global economy,
Clyde Prestowitz is founder and president of the Economic Strategy Institute in Washington, D.C. He led many U.S. trade and investment negotiations with Japan, China, Latin America, and Europe in the Reagan Administration and served as vice chairman of President Clinton’s Commission on Trade and Investment in the Asia-Pacific Region. His most recent book is The Betrayal of American Prosperity.