Ordinarily, the agreement between China and Russia to abandon the dollar might be met with a certain skepticism and seen as just another poke in the eye, all in good fun, by our traditional irritants. Today, however, I don’t see it so.
For months now, both China and Russia have been begging the U.S. to get its economic house in order. No response. In fact, we’ve been doubling down on destroying our own currency, claiming that it’s all the others’ fault for the world’s economic malaise. We’ve already forgotten that it was we who exported toxic financial instruments all over the globe after our housing bubble burst. We’ve forgotten that the still spreading financial mess started right here in America.
I don’t have to go into all the details. Others have done so far more effectively than I ever could. And it’s not, as the Soros-sponsored documentary “Inside Job” suggests, that all our nation’s bankers should be frog-marched to the wall and shot. Rather, that it was the result of left-leaning politicians who, in a concerted effort, succeeded in deliberately bringing our economy down in order to elect their own.
China and Russia are not stupid. They know perfectly well what’s been going on here, and they’re simply protecting themselves. The dollar is heading toward worthless and the world has lost confidence in it. They see no attempt being made to rescue it. In fact, they see just the opposite.
Politically, economically and militarily our nation is in steep decline. It no longer makes sense for anyone to align themselves with us. We have ceased to be reliable partners. Even our enemies are torn between euphoria and fear. We’ve always been able to project ourselves as a worthy opponent. Under Obama’s leadership, our nation is seen as rogue and unpredictable.
The world looks ahead and see no change in our crazed suicidal stance for at least the next two years. They rightly assess that, at our current pace, two years is quite enough to bring down the roof.
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