There’s a love / hate relationship that the world has with the US. Countries love to receive our disaster aid, medical expertise and military backing, but they don’t like the conditions that we place on them in order to receive loans (Strange how a bankrupt nation can be actively giving out loans). In order to receive our money and free trade agreements, we make those countries change their constitutions. A good example of this is Kenya, where we forced them to implement our values through sovereign constitutional changes in exchange for our financial gifts and loans. And all of this happened after the US supported a losing Kenyan presidential candidate that was responsible for mass murder. You see, he was a sore loser after the election and he had his followers do a lot of damage in order for an agreement to be reached where he would share half of the presidency. Not a lot of people know that this extremist, Raila Odinga, is Barack Obama’s cousin.
The combination of money and the promise of not being politically ostracized has brought many nations under the umbrella of the US. And this is not the only way we have been able to accomplish international ties. Back in the 70’s the then US Secretary of State Henry Kissinger worked alongside oil companies to form allegiances with middle eastern countries. When the oil companies found that the middle east was rich with oil, they made agreements to drill the oil while giving the countries a cut. This was attractive because these countries didn’t have the finances to do it themselves. While the deals were being made, Henry Kissinger would talk to each country and make sure that the sales were done in US dollars. The bait was that they would use some of the profits to buy US treasury bills which supposedly would reap even greater profits in the future. Since then, the US has been devaluing the US dollar by constantly printing more money (e.g. to lend to other nations). And the Arabs have realized they’ve been duped because their T-bills aren’t worth as much as they were led to believe. It’s likely that any profits for the Arabs will have a ‘haircut’ or they might not even be paid back at all.
Our constant money printing has irked a lot of other countries too. Lately Brazil has been very vocal against the purposeful devaluation of the dollar because it hinders their economy. And friends, all of our money printing is possible because the US dollar has become the world’s reserve currency thanks to Kissinger’s stealthy moves. Had the dollar not reached this status, the US would be responsible for repaying its own debts with real money. This of course would be impossible if our feet were held to the fire. The value of the US dollar isn’t pegged to gold anymore so its value is really based on confidence. Incidentally, do you know why the US took its currency off the gold standard? In 1971, Nixon did it so he could print as much money as he needed to finance the Vietnam War. And now we are about to sell weapons to Vietnam to keep China at bay. How screwed up is that?
Anyway, it’s clear that the US has made a lot of enemies and the major countries of the world have gathered together with the IMF to abolish the US dollar as the world’s reserve currency. The new currency that they plan to initiate will be backed with gold and will not satisfy debts through SWIFT money transfers (US money conduits). The result will be positive for their economies but disastrous for the US because we will lose our ability to print money for paying our debts.
I often think back to the recession of 2008/2009 when American farmers remained untouched. While Americans elsewhere were slaving it out trying to make ends meet the farmers actually prospered. So maybe there’s wisdom in getting into the survival mentality and going agrarian. Heck, having a patch of land in the middle of nowhere might be lonely, but not forever as the urban dwellers pay you visits for their own sustenance.