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America’s Global Dominance (Since WW II) Has Just Ended
America’s Global Dominance (Since WW II) Has Just Ended
On March 22nd, I headlined “Why the Western Alliance Is Ending,” and I listed the recent events which indicate that the Western Alliance doesn’t have much longer to go. And, now, it has actually already ended. The handwriting is on the wall, for everyone to see; it’s so out-in-the-open, as of today.
Here is what has just happened (as reported in German Economic News, and translated by me), which virtually brings down the curtains on America’s dominance of the world — a dominance that started when World War II ended in 1945:
March 21: “GEOPOLITICS: Washington nervous: China, Japan and South Korea forge an Alliance.” This news story reports: “For the first time in three years, the foreign ministers of the three countries met. They agreed on Saturday in Seoul to work towards a summit of their leaders, and to take on problems with the interpretation of history [which have separated them till now]. They also expressed their intention to continue to work for a free trade agreement and for new multi-party talks on North Korea’s controversial nuclear program.”
Here’s the important context of that: The U.S. in WW II conquered Japan, which had invaded China and conquered Korea; but, now, Japan, China and South Korea are moving toward one-another, while China, and indirectly the BRICS group of rising economic powers as a whole — Brazil, Russia, India, China and South Africa — are making their move past the previous U.S.-European control of the world. Furthermore, these Asian powers are collectively inviting North Korea to move toward them, and to join this group, which would finally bring an end to the stalemated hostilities between South and North Korea. So: welcome to the 21st Century! (For more details on that, see the terrific news reporting in GEN.)
…click on the above link to read the rest of the article…
Delusional America
Delusional America
Robert Parry is one of my favorite columnists. He is truthful, has a sense of justice, and delivers a firm punch. He used to be a “mainstream journalist,” like me, but we were too truthful for them. They kicked us out.
I can’t say Parry has always been one of my favorite journalists. During the 1980s he spent a lot of time on Reagan’s case. Having been on corporate boards, I know that CEOs seldom know everything that is going on in the company. There are just too many people and too many programs representing too many agendas. For presidents of countries with governments as large as the US government, there is far more going on than a president has time to learn about even if he could get accurate information.
In my day Assistant Secretaries and chiefs of staff were the most important people, because they controlled the flow of information. Presidents have to focus on fund raising for their reelection and for their party. More time and energy is used up with formalities and meetings with dignitaries and media events. At the most there are two or three issues on which a president can attempt leadership. If an organized clique such as the neoconservatives get into varied positions of authority, they can actually “create the reality” and take the government away from the president.
As I have reported on many occasions, my experience with Reagan left me with the conclusion that he was interested in two big issues. He wanted to stop the stagflation for which only the supply-side economists had a solution, and he wanted to end, not win, the cold war.
Both of these agendas put Reagan at odds with two of the most powerful of the private interest groups: Wall Street and the military/security complex.
…click on the above link to read the rest of the article…
Freedom, Where Are You? Not in America or Europe
Freedom, Where Are You? Not in America or Europe
When the former Goldman Sachs executive who runs the European Central Bank (ECB) announced that he was going to print 720 billion euros annually with which to purchase bad debts from the politically connected big banks, the euro sank and the stock market and Swiss france shot up. As in the US, quantitative easing (QE) serves to enrich the already rich. It has no other purpose.
The well-heeled financial institutions that bought up the troubled sovereign debt of Greece, Italy, Portugal, and Spain at low prices will now sell the bonds to the ECB for high prices. And despite depression level unemployment in most of Europe and austerity imposed on citizens, the stock market rose in anticipation that much of the 60 billion new euros that will be created each month will find its way into equity prices. Liquidity fuels the stock market.
Where else can the money to go? Some will go into Swiss francs and some into gold while gold is still available, but for the most part the ECB is running the printing press in order to boost the wealth of the stock-owning One Percent. The Federal Reserve and the ECB have taken the West back to the days when a handful of aristocrats owned everything.
The stock markets are bubbles blown by central bank money creation. On the basis of traditional reasoning there is no sound reason to be in equities, and sound investors have avoided them.
…click on the above link to read the rest of the article…
A Cool Interval-James Howard Kunstler
A Cool Interval
For the moment, while the racial grievances of 2014 have chilled on the polar vortex, and no unarmed black teens have been shot by cops for a couple of weeks, it might be a good time to continue that honest discussion about race that the media nabobs — such as Charles Blow and Nicholas Kristof of The New York Times and Don Lemon of CNN — demand when some incendiary event goes down and tensions across the country become unbearable. That demand, of course, is a political booby-trap because any discussion not founded on the presumption of white malice is instantly deemed inadmissible and “racist” — which is just cheap demagogic despotism designed to shut down the very discussion they asked for. So that is exactly what I expect in response to this essay.
I bring these matters up because it seems to me that the long, arduous, costly battle for “civil rights” which began in my childhood a half century ago is beginning to look like a lost cause. The movies and TV are full of black / white buddy stories, and commercial images of a shared American experience as if there really was a common culture that blacks and whites felt an equal investment in. These stories and images are largely wishful, though I believe the dream of a common culture that would nurture all types of people in America stood at the heart of civil rights idealism of the sort represented by Martin Luther King and the white public figures who marched in solidarity with him.
Something went terribly wrong in the early going, and I don’t think there has ever been an honest discussion about it by American social thought leaders of any race, though I have raised the point more than once in passing. It was the paradoxical rise of black separatist politics at the exact historical moment of civil rights triumph when the two landmark civil rights bills were passed: the Public Accommodations Act of 1964 and the Voting Rights Act of 1965.
…click on the above link to read the rest of the article…
Quo Vadis, America? – The Automatic Earth
Quo Vadis, America? – The Automatic Earth.
Where are you going, America?
I don’t like to discuss politics too much. There are not enough smart, kind and honest people in politics wherever I look in the world for me to want to have anything to do with that game. I’d just spend all my time wondering what kind of mindset it takes to want to tell other people what to do, and be in control of the millions, billions and trillions of dollars that are taken from these people on a daily, yearly, basis.
Not that all of them politicians are bad, but those who have genuinely good intentions get drowned out, within seconds, by the ones for whom the need to have power over others is more important than anything else. And as I said, on the whole they’re not very smart. It’s for instance a very bad idea to let you countries’ economic policies be decided by the very people who make the decisions today.
They have no clue what they’re talking about. So they get advisors who they feel do know, and these advisors all come from the same small niche of society that steer everybody’s hard-earned cash towards that same small niche of society. 99% of economists are religious nuts who do even the Roman Catholic church one better because they chart graphs to ‘prove’ their beliefs are true -or even provable-.
