Why The Collapse of The American Empire Might Be The Best Thing Ever
And great news for China, Russia and the oriental world.
The American empire is a morally bankrupt and degenerate enterprise.
And one which is on the cusp of irreversible collapse.
Contrary to the thinking that its unravelling has been brought about by external factors, America’s problems are all of its own doing.
Ditto Europe.
Richard Nixon, in thrall to the likes of Fredrich Hayek and Milton Friedman, did something rather audacious in the early 1970s: breaking with Keynesian orthodoxy and ending the dollar convertibility to gold.
If there ever was a modern, fifty year experiment in how far you can get away with debasing your currency, it certainly was the American one.
We went from 650 billion dollars in circulation in 1971 to well over 50 trillion today.
Hedge funds, venture capital, private equity, exchange traded funds, arbitrage wouldn’t have existed in its current guise, if it weren’t for the over-debauched dollar.
The destructive military-industrial complex, owes its power to the greenback; if the dollar wasn’t the global reserve currency, I doubt very much that a great deal of its imperial misadventures in Indochina…