{"id":272633,"date":"2023-08-26T05:33:55","date_gmt":"2023-08-26T05:33:55","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=272633"},"modified":"2023-08-28T07:25:03","modified_gmt":"2023-08-28T07:25:03","slug":"realistically-how-strong-is-america","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=272633","title":{"rendered":"Realistically, How Strong Is America?"},"content":{"rendered":"

Paul Craig Roberts\u00a0\u2013 paulcraigroberts.org Aug 25, 2023<\/strong><\/h1>\n

America\u2019s weakness is overlooked by investment analysts. Having offshored manufacturing, the US is import-dependent, and having weaponized the dollar Washington is causing foreign central banks to stop holding dollars as reserves.\u00a0 The consequence is that the US has a rising issuance of debt to finance trade and budget deficits, but a declining supply of customers for that debt.\u00a0 Either the Federal Reserve has to monetize the debt or interest rates will rise.<\/p>\n

Note also that it appears there will be in about 4 months a large expansion of BRICS. Argentina, Egypt, Iran, Saudi Arabia, and the United Arab Emirates have been invited to join.\u00a0 I assume the Russians have the diplomatic sense not to invite someone unless they know they will accept. Otherwise, Russia will have set herself up for the Western media headline, \u201cCountry X refuses Russia\u2019s invitation.\u201d<\/p>\n

In a slap down of Washington signifying the termination of the petrodollar, Saudi Foreign Minister Prince Faisal bin Farhan said, \u201cthe special, strategic relations with the BRICS nations promotes common principles, most importantly the firm belief in the principle of respect for sovereignty, independence and non-interference in internal affairs.\u201d<\/p>\n

BRICS expansion will make the two largest South American countries members, and with the Saudis, Iranians, and UAE almost the entirety of Middle East oil goes into the Russian organization, which with Russia\u2019s oil is essentially the world\u2019s oil supply, and Egypt sits on the Suez Canal. China and India, the largest part of Asia, are already members. This suggests to me that the US dollar is headed for trouble and will need interest rate support.\u00a0 If the dollar loses exchange value, the cost of imports will drive US inflation considerably higher. The worst inflations are always caused by currency decline. Gold investments make a lot of sense for Americans assuming that the criminals in Washington who are ruling us don\u2019t confiscate them.<\/p>\n

Keep in mind also that the indictments of Trump are completely phony.\u00a0 If\u00a0 white-hating black Democrat prosecutors and white-hating black Democrat juries convict Trump of these phony charges, political upheaval could result.\u00a0 If the Americans simply accept the false conviction of an American president, they will fall into tyranny and no asset will be safe.<\/p>\n

The real American situation could be very different from what Wall Street thinks. Dollar problems could make the US an unsafe investment climate, and if we take account of the extreme efforts of the Biden regime, American universities, public school boards, and Woke media and corporations, such as Disney, BlackRock, Starbucks, and Budweiser, to demonize white Americans and infuse white American children with racial guilt, the United States might be the least safe place on earth for white people, even less safe than South Africa and Zimbabwe. Indeed, it seems some American cities already are.<\/p>\n

It is not only that white confidence and white lives are at risk.\u00a0 So are Americans\u2019 civil liberty.\u00a0 American law schools are in the hands of Woke ideologues who want \u201cto reclaim America from constitutionalism.\u201d Law schools such as Harvard and Yale teach that the US Constitution is undemocratic and racist and should\u00a0 be abandoned.\u00a0 Under the Woke regime the law schools and New York Times intend to impose, only the Woke and \u201cofficial victims\u201d would have rights.\u00a0 https:\/\/www.theepochtimes.com\/us\/in-depth-law-schools-promote-idea-that-us-constitution-should-be-scrapped-5430884<\/a><\/p>\n

None of this reality is part of Wall Street\u2019s world or stock and bond market valuations.<\/p>\n

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