We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Sunday, March 8, 2015

War and the Dollar

Click here to access article by Valentin Katasonov from Strategic Culture Foundation.

The author informs a geopolitical analysis from a debt and currency perspective. I've long argued that the US dollar is backed increasingly by sheer violence or the threat of violence against countries whose monetary policies threaten the dominance of the US dollar in world trade. He argues along the same lines, and adds the US debt amounting to many trillions of dollars into the equation. To dig themselves out of this hole, Katasonov sees major wars ahead perpetrated by the US and its allies. This may explain the present bellicose turn of US foreign policies.
...the biggest shareholders of the Federal Reserve System must be confounded by the growing discrepancy between America’s GDP and the position of its dollar. The dollar is becoming increasingly unstable. If they wished, a few powerful countries could coordinate their efforts, pool their resources, begin to unload their dollar reserves, and cause the dollar’s collapse. However, the power of the masters of the Federal Reserve lies in the fact that they have always known how to act proactively. And now there are many signs that they are taking practical steps to protect the dollar, primarily in order to prepare for a major war. The «money masters» (the owners of the Fed’s banknote printing press) have several reasons to unleash such a war.