What I found most interesting watching the video is the association of the collapse of the Dollar with the proposition that Russia and China are precipitating a financial war on American interests. Rickards calls on his diverse background in US intelligence and finance institutions to promote that view. Now, I have not read the book or seen the videos because I have no money for the subscription that will magically pay for the free package offer. However, the interview and his charts tell us something very interesting. Apparently, if one buys the financial US vs China & Russia idea, those two nations have chosen to bail out the US year after year just so that that they could dump it and cause the dollars collapse. Brilliant! What a plan! Ahem, excuse me ... there is a problem with this idea. Please tell me who it was who decided to run up trillions of dollars of debt instead of keeping their dirty warmongering fingers out of every country on the planet whilst ignoring the realities of financial good management in their own back yard? Oh, that must be the faceless people behind Americas brand of free market capitalism. I am by no means an economist. I am currently feeling unsuccessful, definitely unemployed and in debt. Maybe, it is that very clear distance between my mindset and that of someone like Rickards that somehow enables me to notice something quite obvious. I could be wrong but I suspect that China and Russia did not set out to plan a financial World War. It looks to me like they were encouraged to buy into the Western idea of market economics. Their homegrown brands of communism were creaking at the seams and they joined the ME club. They traded with the West, bailed it out buying debt (Im still learning about all this stuff so I would like to know how that happened) and became intertwined economically with the West. Industrially, Russian and Chinese businesses invested in Western businesses and visa versa. European companies in particular developed very close industrial and economic relationships with Russia. Yup, those ones that are being ***ked by the sanctions debacle. Meanwhile, Uncle Sam has been effectively bankrupt for at least a decade. So, what was Russia and China to do? They could not call in the debt or keep carrying it . After all, Uncle Sam has made it clear that they have not stopped seeing the two countries as the USSR and Red China. Thinking heads in Moscow and Beijing must have asked the question What do capitalists do when the stocks and shares are about to become worthless? Of course, THEY SELL! So, did Russia and China set out start a financial World War? Personally, I think that is a load of bollocks. Oh, and I just love the bit at the end in answer to the question of who owns the debt now. Apparently its someone using Belgium as a front. :-d :-D :-D
Posted on: Wed, 08 Oct 2014 17:02:34 +0000
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