The Coming Economic Troubles

It is not a pleasant subject to talk about, but the signs are around us.

The next, and inevitable, economic collapse may be just a few years away. Major economies are going through seizures, stock markets have been losing hundreds of points per day, and deflation is rearing its ugly head.

All the financial criminality and flawed and failed economic theories of Wall St., London, and their disciples have brought the world to this sad and sorry state.

Printing money and giving it to the big banks is no longer possible. There are no more tricks available to the “Masters of the Universe’ to keep their house of economic cards going.

The fraudulent employment numbers just don’t add up if one looks at them carefully enough, and the entire raising of interest rates is just a desperate attempt by the US to squeeze the chains around other countries’ economies, and extract more wealth. Gone are the days when finance served the global economy. Today the global economy serves finance, and feeds its rapacious fraud and extortion schemes.

The current world order is based on US economic superiority. The US has high-jacked the world’s financial systems and mechanisms, and is holding them captive to its own interests. The US is in essence a plantation, with the rest of the world as its field, and the people as slaves working them.

The US extracts the wealth of other nations through predatory lending and ‘aid’ via the World Bank and the IMF, which it controls.

Any nation that doesn’t want to be a part of this rotten neo-liberal system is seen as an enemy. These countries are then labeled as tyrannies, dictatorships, are sanctioned, embargoed, and isolated.

The refusal to subordinate their economies to the US neo-liberal model of austerity, wholesale privatization at fire-sale prices, depressing wages, raising taxes on productive labor, and cutting taxes for the wealthy, are the real reasons for the treatment meted out by the US against Iran, North Korea, Russia, Syria, and others.

Russia’s attempts to stave off US economic vassalage, and protection of its interests has resulted in cooked-up US/western destabilization campaigns in Ukraine, sanctions, dirty tricks against Russia’s military in Syria, and all kinds of false accusations.

The US is broke. The system of fractional reserve currency needs more debt to pay off the old debt. Therefore, any country which refuses to recycle old US debt in order to keep the US dollar artificially afloat, and thereby keeping the US from economic collapse, is seen as enemy number one in Washington.

Putin’s and Jinping’s decision to use their native non-dollar currencies in oil and energy purchases is a serious threat to the dollar. This is why the US wants to pivot to Asia and pass the TPP agreement, to prevent other nations from doing the same. But without China, that agreement is hollow since it locks out the Asian region’s and the world’s most powerful economy.

But the US bag of tricks is running out. Deliberately manipulating oil prices in the long run hurts US producers and US allies, not just those whom the US doesn’t like. Attempts to change the rules in financial institutions to lock out US adversaries and make life for them more difficult will only accelerate those countries’ alienation from the western financial system and their move to create alternative banking and financial transaction systems, thereby cutting out US influence and control over them. This weakens the dollar, and makes the situation worse for Washington itself.

The US system of economic carrots and sticks is no longer working. It is actually having the opposite effect, and is hurting the US and its allies.

The world now stands at a crossroads, and there are only two choices to be made:

Will the rest of the world’s economies destroy themselves to save the United States, or will the United States economy have to die to save the world?

Sooner or later, something’s got to give, and someone’s got to. There will have to be a winner and a loser. There’s just no way around this.

This brings us to the final, and the most ominous of facts that must be mentioned:

The only thing right now that can rescue the US from the insurmountable amounts of debt and impending economic ruin it has piled up on itself is a world-wide war. It is the only way for the US to reset its debt clock, and capture control of whatever of value is left, at least for a very long time.

This allows us to view US military interventions in a whole new light.

Let’s not forget that it was WW2 that finally got the US out of the depression, and the cold war to sustain it.

Will the US be mad enough to take this risk? Will its allies be mad enough to go along with it?