you america firsters won't like the information contained in this article but you will have the opportunity to learn some things about another item coming our way. the end of the empire will happen fully in our lifetime it seems and here's some of why that will be;
Trump is trying to square a globalized world through a national-based American capitalism. It won’t work...
Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”.
Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”.
What Trump is carrying in reserve is a moot question.
The difference comes down to a question of credibility. A century ago, America was a formidable military, diplomatic and economic power.
Hence, Roosevelt could afford to speak softly because there were other
indisputable means at his disposal to reinforce US power.
Today, the US is still a formidable military power, that’s
for sure. But as for its economy and the role of the American dollar as a
global payment mechanism the evidence suggests that it has lost much of
its former dominance.
President Trump seems to be trying to compensate for the decline in
US power overall by way of adopting more bellicose and foghorn rhetoric
for others to comply with American demands.
This week saw a record fall in the American stock market. That suggests that the supposed strength of the US economy is not what it has been cracked up to be under Trump.
A major factor in the collapse of the US stock market is reported to be
the uncertainty prompted by the growing US trade war with China.
Last week, Russian President Vladimir Putin lamented the US policy of
imposing sanctions against other nations and its over-reliance on the
dollar as the main global currency exchange tool. Putin said the US was
making a “strategic mistake” by using the dollar as a weapon with which
to punish other nations to comply with Washington’s diktats.
“This is a typical mistake of any empire,” he said at the Russian Energy Week Conference, in Moscow.
Implicit in Putin’s comments was that the US is acting like a failing
empire. Unsure of its former dominance, the US is resorting to brute
force to shore up its otherwise declining power. But in doing so,
America is acting above its credibility and thereby compelling others to
seek ways around Washington’s overextended writ.
When the dollar replaced gold as the global financial
standard in the early 1970s, the American currency assumed a privileged
position in international trade. But with such a privilege comes the
responsibility to be a universally respected banker, which entails a
certain apolitical character of the dollar.
https://www.zerohedge.com/news/2018-10-12/self-defeating-us-empire
No comments:
Post a Comment