America was a grand experiment, no doubt about it. But it has comprehensively failed and it is ending. Now. And nothing will stop the ending process. Eric Zuesse has an interesting take on the existing divide between the failing GAE and the rest of the world.
It’s not only that America’s GDP has, for the past 25 years, increased 181% while the world’s has increased 218%, and Russia’s has increased 730%, and China’s has increased 1,644%.
The counter to that’s representing an absolute U.S. decline might be “But, still, America’s GDP went up 181%, not down, during the past 25 years.” That’s not actually the case, however, because what one actually sees when traveling throughout the country during that time-period is clearly decline, increasing percentages of boarded-up and abandoned buildings, and also because all of that 181% growth went to only the wealthiest 5% of the population, who, in 2001 had owned 59.2% of the privately held wealth in America, and increased that percentage so that they owned 66.4% of the privately held wealth in the U.S. in 2019 (see p. 48 here), while the bottom 80%, who in 2001 owned 15.6%, owned only 11.1% of it in 2019.
Add to all that, and read the whole thing, Vox’s observation of some late-stage flailing by the clowns, and it’s a seemingly grim picture.
Keep three things in mind here. First, Russia has a similar amount in European funds frozen that it will seize in return if the Russian funds are stolen, as well as considerably more foreign assets that can be easily nationalized. As with the previous sanctions, this act will strengthen the Russian economy at the expense of the European economies.
Second, China is already being sanctioned and is the second-largest holder of US Treasury bonds, at $800 billion. This is 40 percent lower than it was 11 years ago and is a 14-year low. This is one reason why the USA has been unable to export inflation the way it used to, and if China were to follow Russia’s lead in dumping the dollar entirely, US inflation would probably double from where it is today. Since the BRICSIA nations are already in the process of developing their own trading currency, this is a very high probability event within the next three years and will probably precede the opening of the Asian front.
And third, the central banks are, quite literally, criminal organizations, as are most of the large multinational corporations. If criminals weren’t investing in US Treasury bonds, no one would be. Furthermore, the seizure of foreign assets without full compensation would obviously be nothing less than theft by the U.S. Congress.
I suspect there may be some serious unintended consequences for the global banking system if the bill actually becomes a law and is translated into action. Because how can anyone possibly trust their financial assets to a banking system so easily suborned to a government’s whims?
I say, “seemingly,” because it is bad and will get worse. But it now appears that the collapse itself is the solution. Not the best solution or the most likely. Just the solution, the only one possible. The great news is that in the future, once the dust settles and so many criminals and clowns have been executed, ordinary Americans can highly live freely and rightly again.