One can already see the profile of the new world order.
(1) America is emerging from the recession and slowly growing once more. The dollar is the ultimate refuge and America is flooded with easy money once more.
(2) Europe is coalescing into a German-Dutch co-dominion. The democratic referendum in Greece was annuled, old leader replaced by a reliable former EU comissar. German "advisers" sit in every ministry, monitoring. Italy was driven to near bankrupcy by playing the bond markets and Silvio replaced by ... a reliable former EU comissar. Wolfgang Shauble is strengthening the Euro so the weaker countries will be one by one forced to accept German-Dutch rule.
(3) Israel is enjoying unprecedented window of peace. “The Middle East is currently facing a major crisis,” said Steinitz. “Arab states around us are weaker, militarily and certainly economically, to the extent that their ability to enter into an arms race with us will be very limited over at least the next 5 to 10 years."
(4) China has grown to such magnitude that its neighbors feel menaced and an alliance is forming around it (Japan, Korea, Vietnam, Australia).
We shall survive another generation.
4 comments:
Money flowing from the Euro into the dollar is a short-term gain. In the long term, gold will remonetize and the dollar will hyperinflate, since USG is incapable of controlling its spending.
The Americans now have fracking.
The Americans now have fracking.
They have been fracking their economy for the last decade.
Anon.
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