Three Obvious Signs the Entire System is Changing
- Note: the West led by US do not have authority to bomb Syria. They have not sought the Syrian government’s permission nor were US+NATO invited to bomb Syria. The actions of the west ie. bombing Syria, is illegal under international law. Russia was invited by Syria and is permitted to carry out military action in Syria.
– - Three Obvious Signs the Entire System is Changing
by Simon Black, http://www.sovereignman.com/
When I was a kid growing up in the early 80s, the United States was the undisputed dominant superpower in the world. The US dollar was awe-inspiring; on a trade-weighted basis, the dollar index was at an all-time high, and had never been as strong ever before… or since. And the dollar’s strength was backed by something real. The US economy was strong. Debt was low. Interest rates were actually greater than zero.
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I remember watching Ronald Regan on TV when he told Mikhail Gorbachev, and the entire world to ‘tear down this wall’ from West Berlin. And within a few years it happened. The Soviet Union collapsed, leaving the United States as the victor in the Cold War.
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US geopolitical, economic, financial, and military power was completely unchallenged. And it would remain that way for years. Now it’s a completely different story. The entire system is changing. And while the US may still be the leading power in the world, its dominance is being rapidly chipped away.
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Here are three major examples we’ve seen just in the last few weeks:
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1) The dominant international force in the Middle East is now… Russia.
There has been a LOT of tough talk by the US government about Syria over the last few years, including tough-guy promises about military action if Assad crossed a line in the sand. Assad crossed it. He used sarin gas on his own people—the infamous ‘red line’ that Barack Obama said would trigger a military response from the US. Yet there was no US military response. Instead, Vladimir Putin has actually been helping prop up the Syrian regime, as well as unilaterally bombing ISIS targets in the region. And the Chinese government has sent its own warships to Syria.
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Meanwhile, Iran has just test-fired a brand new long-range missile system, something that may very well violate the terms of the much-heralded nuclear deal. All of this goes entirely against the wishes of the US government. And yet they’re absolutely toothless to do anything about it. The US may still have the most lethal military in the world. But even the most powerful combat force is ineffective if the government is too broke to deploy it.
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2) China has launched its own competitive international banking network
For more than seven decades, the US banking system has underpinned the global banking system. Bank payments for global trade that transit from Bangladesh to Brazil, for example, are typically routed through the US banking system in New York, and settled in US dollars.
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