Sunday, January 8, 2017

The End of Globalism


Hillary Clinton declared "We are stronger together!" Donald Trump stated “People talk about how we’re living in a globalized world, but the relationships people value most are local—family, city, state and country." Those two sentence elegantly describe the fault line that is splitting entire nations and continents right now. In what appears to have been a perfect storm Clinton lost the election. Clearly this can be described as another devastating blow to globalism. She did not lose to Trump. She was swept away by the winds of change that are now sweeping the planet. The first indication was Brexit. Next came Trump and sooner or later the European Union will crumble as the nationalist revolution takes control.

Globalism is the entree of the elite. In the sixties, when Wall Street sneezed, the world caught pneumonia. In the seventies the same sneeze resulted in a dose of flu. In the eighties we caught a cold. How long could three hundred million American consumers carry the world economy on its shoulders? The US consumer could only buy so many cars, TV's and washing machines and this market soon reached the point of saturation. A plan was developed and thus globalism was born. it was simple....Germany would be the European engine, China and Japan the Asian engine, Brazil and Mexico would lead South America and South Africa and Nigeria would haul the coaches in Africa. If a peace deal could be reached in the Middle East then Israel was a potential engine. Perhaps one remembers the massive push for a two state solution by Clinton and Barak that was rejected by Arafat. 

In 1944 the Bretton-Woods Agreement made the USD which was exchangeable for gold, the world's reserve currency. International trade was denominated in the mighty USD. Richard Nixon removed the gold linkage of in 1971 and thus a new era of credit creation by Central banks was unleashed. Initially it began as a dribble but finally culminated in 2008 with the near demise of the US banking system. The world's Central Banks united with cynical politicians to create what is now an even larger international credit bubble in the misguided belief that 6.7 billion non-Americans would create enough productivity to make this credit bubble viable. This is what Donald Trump designated as the "swamp". 

So while the elite were getting richer and main street was being decimated, the American dream was disappearing. The creation of Twenty trillion bucks of US debt benefitted only the elite. World stock markets have risen dramatically enriching those living in ivory towers and leaving the populations of forgotten people dangling by a thread. Lets face it....us mortals who live in a politically and economically safe and secure environment are a disappearing minority. Some might even label us as the elite. Either way, the nationalist revolution is underway and the dawn of a new cycle in world history is imminent.

We the people are the rightful masters of both Congress and the courts, not to overthrow the Constitution but to overthrow the men who pervert the Constitution - Abraham Lincoln

We are all born ignorant, but one must work hard to remain stupid-Benjamin Franklin

Success is a lousy teacher. It seduces smart people into thinking they can't lose-Bill Gates


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