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Written in History: The Death of America’s Hyper-Power Fantasy
Written in History: The Death of America’s Hyper-Power Fantasy
In 1987, Paul Kennedy, a British professor of history at Yale University, unleashed a political and intellectual firestorm with the publication of his great (677-page) book, “The Rise and Fall of the Great Powers.” Kennedy produced a magisterial overview of the competition for global power over the past 500 years from 1500 AD to the present.
Kennedy proposed the thesis that any power that achieved, imagined it had achieved or sought to achieve and maintain a dominant hyper-power role of global dominance was doomed to lose it and then rapidly decline in overall power, wealth, prosperity and influence.
Kennedy argued – with a wealth of detail drawn from different nations over his vast period of half a millennium – that the very attempt to achieve and maintain such power forced every nation that attempted it into a ruinous pattern of strategic overstretch.
This demanded every major global empire in their turn to devote ruinously far too many economic resources to unproductive military power and ever more costly global commitments and conflicts.
The more ambitious the commitments, the quicker came military defeat, economic ruin and national collapse, Kennedy documented.
Kennedy published his book however at exactly the wrong moment for its abundantly documented conclusions and arguments to be taken seriously in the United States. The Cold War was just ending. The heroic actions of the Russian people in rejecting communism and leading in the dismantling of the Soviet Union were being misinterpreted as an eternal and lasting victory for the United States and for the forces of free market capitalism and minimum government regulation.
…click on the above link to read the rest of the article…
Mike Maloney: “One Hell Of A Crisis”
Mike Maloney: “One Hell Of A Crisis”
Mike Maloney, monetary historian and founder of GoldSilver.com, has just released two new chapters of his excellent Hidden Secrets Of Money video series.
In producing the series, Maloney has reviewed several thousand years of monetary history and has observed that government intervention and mismanagement — such as is now rampant across the world — has alwaysresulted in the diminishment and eventual failure of currency systems.
As for the world’s current fiat currency regimes, Mike sees a reckoning approaching. One that will be preceded by massive losses rippling across nearly all asset classes, destroying the phantom wealth created during the latest central bank-induced Everything Bubble, and grinding the global economy to a halt:
Gold and silver are tremendously undervalued right now, and I dare you to try to find another asset that is tremendously undervalued. There just is not. By all measures, everything is just in these hyper-bubbles. OK, real estate is not quite a hyper-bubble; it’s not quite as big as 2005 and 2006, but by all measures, it’s back into a bubble. But now, we’ve got the bond bubble, the biggest debt bubble in the world. These are all going to pop.
We had a stock market crash in the year 2000, and then in 2008, we had a crash in stocks and real estate. The next crash is going to be in stocks, real estate and bonds — including a lot of sovereign debt, corporate bonds and a whole lot of other bonds that will be crashing at the same time. So, it will be all of the standard financial asset classes, including the traditional ‘safe haven’ of bonds that are going to be crashing at the same time that the world monetary system is falling apart.
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Cashless Society War Intensifies During Global Epocalypse
Cashless Society War Intensifies During Global Epocalypse
In the fall of 2015, the world descended into an economic apocalypse that will transform the globe into a single cashless society. This bold prediction is based on trends in nations all over the earth as shown in the article below.
As we enter 2016, we are only beginning to see this Epocalypse form through the fog of war. The war I’m talking about is the world war waged furiously by central banks against the Great Recession as the governments they supposedly serve fiddled while their capital burned.
The governments and banks of this world advanced rapidly toward forming cashless societies throughout 2015. The citizens of some countries are already embracing the move. In other countries, like the US, citizens fear the loss of autonomy that would come from giving governments and their designated central banks absolute monetary control.
The Epocalypse that I’ve been describing in this series will overcome that resistance during 2016 and 2017 as it wrecks economic havoc to such a degree that cash hold-outs will be ready for whatever holds the greatest promise of saving them from their collapsed monetary systems, fallen banks, deflated stocks and suffocating debt. One has only to think about how quickly and readily American citizens forfeited their constitutional civil liberties after 9/11 when George Bush and congress decreed that search warrants were not necessary if the government branded you a “terrorist.”
If this sounds like some wild conspiracy theory, consider the following: no less Sterling standard of global economics than The Economist predicted thirty years ago that by 2018 a global currency would rise like the phoenix out of the ashes of the world’s fiat currencies:
THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency.
…click on the above link to read the rest of the article…
NATO Increasingly Surrounds the ‘Russian Threat’
NATO Increasingly Surrounds the ‘Russian Threat’
On Saturday, April 18th, the Commander of the U.S. Army in Europe, Ben Hodges, told Britain’sTelegraph that “There is a Russian threat,” and that “The best insurance we have against a showdown is that NATO stands together.”
Ever since the Soviet Union’s military alliance, the Warsaw Pact, dissolved in 1991, NATO has expanded eastward to Russia’s borders, and now it is preparing to admit yet another nation on Russia’s border: Ukraine. This eastward expansion broke (and breaks, since it’s continuing) a verbal agreement which had produced the termination of the Warsaw Pact (the Soviet Union’s equivalent of America’s NATO alliance).
In February 1990, U.S. President George H.W. Bush sent his Secretary of State, James Baker, to Moscow to negotiate with Soviet leader Mikhail Gorbachev an end to the Cold War. According to Jack Matlock, the U.S. Ambassador to the Soviet Union then, Baker offered Gorbachev the following deal: “Assuming there is no expansion of NATO jurisdiction to the East, not one inch, what would you prefer, a Germany embedded in NATO, or one that can go independently in any direction it chooses.”
Baker knew that Russia, after Hitler’s invasion of Russia in June 1941 (“Operation Barbarossa”), feared, more than anything, the possibility that an independent Germany would build a nuclear-weapons force and use it against Russia. According to Ray McGovern’s account of the meeting, Gorbachev “wasted little time agreeing to the deal.”
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