Listen to my Alternative Visions radio show of Friday, July 15, 2022, where the topic of discussion is what’s the impact of the rising US dollar on surging global inflation and recession? How is it the US ‘exports’ both inflation and recession to the rest of the world? What’s the future of a weakening US global economic empire as a US dollar driven global currency crisis emerges?
To Listen GO TO:
https://alternativevisions.podbean.com/e/alternative-visions-1658248367/
SHOW ANNOUNCEMENT
Dr. Rasmus takes up the theme of US global economic empire is in decline and examines that in relation to the role of the US dollar and other US dominated economic institutions like the IMF, SWIFT international payments system, and other institutions of empire. Both short run and long run trends for the dollar and empire are discussed, and likely moves toward more independence from the US empire by economies like the BRICS (and others now joining it) and what that means for the $ and the empire. The show then reviews recent US CPI and PPI inflation numbers of the past week and Fed rate hikes accelerating. US GDP and its components are considered, as well as GDP, inflation, Currency instability, and interest rate developments underway in China, Europe, Japan, and emerging markets. Show concludes with brief discussion of potential financial liquidity crises erupting as inflation and recessions deepen globally, and what markets this might appear
It now, as in right now, looks like Washington is doing exactly what will cause BRICS & Co. to abandon their arrangements with US interests faster.
That is, in desperation when you are out of options, just double down in The Ukraine.
The US-NATO-UK Ukrainian Proxy War on Russia has gone against them. Pouring more resources into a now widening Ukrainian Conflict will continue to drain their resources and distract their thinking.
It all started with The Big Lie – Examined here . . .
https://les7eb.substack.com/p/ukraine-notes-the-long-war
US-NATO-UK intelligence and military planners figured on a Russian capitulation in weeks. This represents a massive strategic planning failure.
The Western leadership faces loss of face and decaying credibility.
Russian and Chinese study their Western counterparts and understand them beyond an understanding they (The West) have of themselves.
SunTzu wrapped it up nicely circa 500 B.C.
“If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat.
If you know neither the enemy nor yourself, you will succumb in every battle.”
This last line applies to titanic leaders like Blinken, Sullivan, Austin.
The complex interplay of unintended consequences makes the comparison to 1914 increasingly apt where the worlds leadership at that time neither intended nor foresaw the consequences of the actions leading to WW1. On a less sombre note I do not accept China’s announced GDP numbers which are typically inflated one cross check is to compare announced GDP with utility consumption