Tuesday, May 14, 2013

US Elite Arrogance: Policy is Not in a Vacuum

The average American donates to charities with a global impact and is aware of the world around them. They may not know much about other countries or a foreign language, but they are not total idiots. The elites accuse them of being jingo patriots when really they are just America First volk. We also have our swill that has no clue about the rest of the world except for Mexico. Our elites claim to be international men and women of mystery, yet they act and behave as if the US is it. They have swallowed the US is the hyperpower forever syrup. Other powers are waiting like tigers or jackals in the grass for us to tire out from our head-butting of trees. Because of our elites' awful globalization and financialization rackets our economic policy is not in a vacuum, and we're approaching the moment when we hit the wall.

A band of rising foreign powers came together for a G20 meeting. They named the meeting "Reinventing Bretton Woods". The Russians took the lead and openly talked about not just wanting to change the dollar as the world reserve currency system but even the how it could happen. This is pretty huge as it is a second bloc of power openly criticizing the dollar system and discussing how to replace it. China, of course, being the first and foremost open upstart. The major focus is removing the dollar from its central role. This is the problem of running huge trade deficits in a switch from a manufacturing based economy with tangible exports to a financial economy with debt as an export, and then buying elected officials to enhance your share of the national income. Because our elites are making moves to protect the status quo but trillions in wealth has been shipped overseas, our policy moves which protect a financial oligarch class put us at the mercy of foreigners. The non-dollar dependent economic zone can carve us out or minimize our impact on them to the point where they reprice everything and then bid us out on raw materials. America would have to stop the collective dancing in the mirror and get back to work.

This is also why I do not expect Brahmin trends to go forever. Eventually, their self destructive policies will weaken the US enough that the Chinese will simply push us over. I expect China and Russia to have an interest in breaking us up. China, Russia and the other BRICs are rising powers elites created through their globalization greed. A non-dollar monetary system may simply be a gold or gold and silver backed system. Knowing the centuries of silver traditions in China, a bimetallic system may get backing from them. Gold still looks to be the winner, plus no country may want to incur the wrath of being the reserve currency and no one may trust the other from expanding their influence by even sharing the lead of a top three or five currencies. The US-EU-UK banking system, which is so interconnected that it is all one as the FED did bail out Europe in '08, will fight this, but by delaying the inevitable, it actually strengthens China's hand. They want to bleed us out slowly to use their dollar hoard while it has value. A sudden shift or come to Jesus moment would throw off their plans. This is why for all their cosmopolitan, multinational flair in conversations and on business cards, the American elite still thinks that the American empire is here to stay.


PRCD said...

The 'US' in the united states - the founding European stock that built the country - is dying. They don't want kids and they are letting the kids they do have be replaced by H1Bs on the high end and illegals on the low-end. When the Brahmins finally fall, who will witness it?

Son of Brock Landers said...

Very good points on the econ immigraion squeeze. I disagree on procreating. Jayman and some others have shown that the conservative whites breed at a 2.1-2.3 rate while liberal whites are around 1.3. The libs are forgetting to have 2 kids and replace themselves.