Half a century ago, in the year 1967, there were no signs
that the Soviet Union or the Warsaw Pact
nations were under any kind of economic stress. A year later, Czechoslovakia
erupted in a revolutionary fever, and the world began to wonder if the
Communist Bloc was as solid as it appeared. Twenty-three years later, the world
got the answer when the Soviet Union
dissolved. Why did it happen?
It happened because the Russians were given a magnificent
inheritance made of two parts: one cultural, and one that counts as natural
wealth. Unlike the Germans who only inherited a magnificent culture, the
Russians relied on their natural wealth to make it through the turbulent times
of the late Nineteenth and early Twentieth Centuries. But their policy carried
them only so far, and then let them down. To understand this part, we need to
compare what the Russians did with what the Germans did to survive the plots
that the colonial powers unleashed against them both.
What is loosely termed “Western Europeans” is a group of
nations that became the colonial powers of their day. They were the Seven
Sisters of Britain, France , Spain , Portugal ,
Holland , Belgium
and Italy .
It was in those countries as well as Germany
and the Eastern Europeans (including Russia ) that the Industrial
Revolution saw its genesis. But only the 7 sisters got the idea that the new
industries could produce the guns that will allow them to conquer the world.
They did just that, and kept the other Europeans out.
Eventually, the Sisters got wealthy plundering the ancient
worlds as well as the New World . They even had
enough energy to turn against each other when they were not fighting a common
enemy. Left out and in need to survive economically – especially after the Second
World War – the Soviets relied on the natural resources they had inherited. To
survive militarily, they relied on the entire gamut of their human resources, a
move that forced them to neglect building a civilian industrial base. By
contrast, the Germans, who originally relied on their human resources to
fulfill their military needs, turned to civilian production when they lost the
war and chose to shed their militaristic posture.
With the advances achieved in the design and use of the
mining and agricultural machinery, the natural resources became plentiful and
cheap. They gained their value back only when processed into useful products.
The consequence of this has been that the Soviet economy began to sink whereas
the German began to thrive. Eventually, the Soviet Union collapsed and Germany became
an economic superpower. Is there a lesson in this history for the United States ?
Before we can answer this question, we need to look at
something that is specific to the United States . There was a time when
gold – being a natural resource – had an intrinsic high value compared to what
the world was producing in terms of goods and services for civilian
consumption. This made it ideal to use as reserve by the banks to back the
notes they were printing. But then the amount of gold produced in the world
plateaued, even declined. Meanwhile, the production of goods and services
experienced an explosive growth. Printed money flooded the economies of the
world like tsunami, and there was not enough gold to back them unless its value
was artificially inflated to levels that would put it out of everyone's reach
except the banks.
That's when the idea of using gold as reserve was dropped,
and the banks relied on the accumulation of foreign currencies to back their
own. But to acquire foreign currencies, you must have an economy that satisfies
local demand and produce a surplus for export. This meant that the value of
your currency depended on your balance of payment. In fact, this is how the
nations of the world have operated for three decades with one exception: The
United States of America. How and why did this happen?
Having won the Second World War, and having helped to
rebuild the nations against which it fought, America saw its dollar replace the
British “sterling” as the currency that everyone asked for when the time came
to be paid. When the banks set gold aside, they first used a basket of
currencies as reserve to back their own. Because it was abundant, the dollar
gradually became the preferred currency to use as reserve. And that's precisely
where the danger lies for the American economy.
The nations that hoard the American dollar know that it is
overvalued – not because of the strength of the American economy but – by the
fact that they and others are hoarding it. Still, they continue to hoard it
because everyone else is doing it, and the practice is working for them at this
time. They know that one unforeseen event could send it crashing, but they are
keeping their fingers crossed. Meanwhile, they are building their own economies
to such size and strength that when the end will come for the American dollar,
they will not be seriously affected by the loss.
In addition, a number of nations, spearheaded by China , are in the process of creating a parallel
banking system for international interchange to replace the one that's now
dominated by the United
States . And the way things are moving –
whether or not the dollar will crash – America will find itself isolated
economically from a world that will soon attain several times its current size.
But why will America
be isolated? It will be because the world will want to crackdown on it. If you
want to know why, read the article that came under the title: “The coming US crackdown on Iran ,” written by Benny Avni and
published on April 25, 2017 in the New York Post.
You'll discover that the world will want to make America drink
from the cup of its own evil … actually from the cup of its Jewish evil. Here
is the revealing passage that tells you why: “Wouldn't a rush to unilateral
punishment leave America
all by our lonely self, as many allies resist reimposing international
sanctions? … 'The US
has a lot of power' says Anthony Rugierro. America can block access to world
banking and force companies and institutions to choose between doing business
with us or with them”.
For fifty years, the Jews have been telling America , go
destroy this one, smash that one, and punish this other one because they all
hate us and they hate you too. Go censure this one, and impose sanctions on
that one because you are so big and powerful, you can do it and nothing will
happen to you.