Beyond the Cusp

February 1, 2015

Political Styles of Fancy, Function, Fantasy, and Far Futures

 

In case you just awoke with a ringing headache and returned from the woods to find your sleepy little town had grown exponentially and your house replaced by a strip mall and everyone when you told them your name queries where have you been, you were reported missing years ago and your tail includes dwarves bowling in the woodlands, the Republican money machine just won the midterm elections again. If such news is distressing, simply remember back to the last Presidential elections when it was rumored that the Democrat machine and money bought another Presidency for Barack Obama. Simply put, whichever side wins the election was the one which was bought by their big money contributors and political machinery. Have you ever bothered to stop and wonder what happened to the other side’s machine and money when they lost the latest round of elections? Do you really think that one side spent all the money one election cycle and in return allowed the other side to spend in the next election, something that an alien watching elections news coverage might be honestly trying to figure out. The truth is that they both spend about the same every election and the sore losers have to find some small factoid on which to blame their loss; as anybody who is, thinks, in the know, or however one defined reasoned and rational, which makes their political views the sole and superior choice, would most certainly have voted for their candidate allowing them to have won except for the illegal money spent by the other side, thanks to some loophole which must be closed immediately, and paid them to vote against their better knowledge or whatever. What is remarkable is that this line of thought is universal wherever people are fortunate enough to actually have governments chosen through proper elections where one’s votes are capable of affecting change in the government through legal elections; so be glad if after every election cycle there are those complaining that the other side bought the elections.

 

But what do we really mean when we claim the elections were bought? The phrase originates in times when buying an election actually meant buying an election by paying people to vote for a particular candidate. This was not a regular occurrence and was only feasible before there was the existence of a freestanding media which was not dependent upon the whims of the local governments. This slowly became the reality as the media started merging and coverages reached beyond a single city or borough thus beyond being owned by an interesting party or collection who were capable of owning the media in the same manner as they owned the politics as represented in old westerns where the people finally found an honest sheriff or entity who ended the evil cattle baron and his ranch hands who were all second rate gunslingers, most of which ended up dead by the end of the movie or left town after the Lone Ranger and Tonto road into town. There are stories whose validity is often questionable of elections where political bosses, whatever or whoever those amorphous entities might be, would give people a hundred dollars to vote for their candidate. There may even be people claiming such in elections today though such would be even more difficult to believe as even the most politically driven media would expose such. The truth is that even if you believe that FOX or SKY news is biased or that CNN or BBC are biased in the opposite direction, both sides are held to task and kept honest as whichever side which employed such boorish tactics would be revealed by the other side’s media thus the free press has ended any possibility of money for votes frauds. Despite this there are still claims that elections are bought, be it by the Koch brothers, George Soros or Sheldon Adelson. How is it possible for such claims to still exist?

 

Elections are bought the same exact way that everyday products sell their wares, an attractive advertising campaign. Basically the golden nugget in any campaign, political or otherwise, is a catchy phrase or concept which captivates the attentions of the public. In the 1950s the golden political nugget in Presidential campaigns was a catchy little slogan of “I Like Ike.” Call it the “Where’s the Beef” or the “Pause that Refreshes” of the political era. Of course it did also help that Eisenhower was also the man who defeated Hitler. Still, had General Douglas MacArthur run for political office, something feared by those thinking he might run on the other party’s ticket, there would have been a need for a different slogan though it would have fell to minds more inventive than mine to concoct such a slogan. Basically politics is the ability to influence people to support your candidate by making them appear to be the person of the hour or the solution to all society’s ills. In the United States the slogan of “Hope and Change” titillated the minds of the American public, especially the younger voters who turned out like never before. This was despite the fact that very few actually understood what the Hope was and what Changes it would incur. The secret was that “Hope and Change” allowed each individual to substitute whatever they desired for hope and thus define what the hope would change. If many of candidate Obama’s speeches are analyzed his definitions for hopes and changes were often amorphous and undefined allowing for those listening to still be able to define these terms to fit their desired outcome. Eventually such undefined terms become defined, and when they are defined through the actions and policies enacted by the politician who gets elected by such terminology, that becomes history which makes them rather difficult to alter going forward, something President Obama’s opposition is finding out as time passes in the United States.

 

Sometimes the election revolves around the personality where the candidate becomes the definition of the campaign and thus causing a cult of personality. This situation often results in a warping of the electoral processes and even an end to the electoral processes altogether. One example of such would have been Hitler who once he became Chancellor of Germany proceeded to consolidate all political power and became a dictatorial ruler ending the necessity for future elections. Another example of a cult of personality has been Russian leader Putin who has been Prime Minister or President of Russia where the real power of governance followed him from one office to the other and back again without anybody challenging his absorbing the right to rule no matter the office he held. With Russia hitting some difficult periods economically his future holding of power may hit a crucial test. It will remain to be seen how long Putin will remain in power and exactly how far he might be willing to go to retain power no matter the consequences.

 

Then there are the different forms of elected governments, the forms of democratic governance. There are Presidential systems where the President is chosen directly and the parliament or congress is elected separately. There are Parliamentary systems where the parliament is directly elected by voting for parties which present lists of candidates in lists to fill the slots depending on the numbers of positions they are awarded as their percentage of votes received and then the parliament has some system by which the Prime Minister is chosen to lead the coalition. There are also different forms of the elected house or houses of power. The United States has the House of Representatives and the Senate where the House of Representatives are elected with each state given their share of the four-hundred-thirty-five seats according to their population and the Senate is comprised of two positions per state. Then there is the parliament in many nations where the entire nation elects representation by voting for parties or there may be parliamentarian seats assigned to districts where individuals are elected. Parliaments can be unicameral, bicameral or possibility of any numbers of entities. Some parliamentary systems have two houses, one elected by individuals and the other by party lists. As for which form of democratic representation is superior is probably still being determined. The only thing we have established is a truth best put into words by Winston Churchill, a somewhat common situation here, where Winnie said, “Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise. Indeed, it has been said that democracy is the worst form of government except all those other forms that have been tried from time to time.” Who can argue with that?

 

Actually, that is where mankind has shown the prerogative to constantly believe that their new idea has to be better than the previous as it comes reflecting on all the errors and difficulties previous attempts by man had failed with their efforts. But the latest is not always the greatest and the old tried and true may prove to have been false in all manners except that as the old and true it was what had become comforting as it was known and accepted. The British once thought they had attained the ultimate in governance with the enacting of the Magna Carta as now the King’s power was no longer absolute and deigned as coming from G0d but to be bent by the advisings by the other men of position and stature, the barons from whence the power of the military was formed when the crown required defending against foreign foe. The United States believes they have struck the perfect balance between popularist governance and select governance of a wise body of the chosen; and they may have been correct but that will never be known as they perverted their governance with the passing of the Seventeenth Amendment (Amendment XVII) to the United States Constitution and established direct election of United States Senators by popular vote. This removed the representation of the States themselves who had previously chosen their Senators through appointment by their elected bodies, some appointed by the governor and approved by the legislators while others were elected by the legislators. What was unnecessary about the Seventeenth Amendment was that the states were already empowered to choose their Senators by whatever means they saw as preferable which did not rule out their using direct elections had they believed such was to their advantage. But instead the Federal Government instigated the new requirement for Senators to be elected in a similar method as were the Representatives in the House. Some historians have posited that the Seventeenth Amendment was not properly ratified by sufficient numbers of states but was rushed and enacted despite this small problem as eventually sufficient states did ratify the amendment, just not within the time period set forth in the Constitution. Whatever the best form of governance, perhaps someday it will be found and when it is, my bet is the United Nations will be left to be wanting and hopefully dissolved and replaced with a body noble enough to realize its power should be wielded only responding to lengthy and tempered debate which has exhausted all avenues of investigation of alternatives and ramifications and then allowed for adjustments inspired by admissions of former inadequate thought which had seemed prudent at the initial time.

 

Beyond the Cusp

 

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December 2, 2014

Existential Crisis Most Likely to Bring New Elections

Filed under: Abdullah Abdullah,Absolutism,Abu Mazzen,Act of War,Administration,Al-Aksa Martyrs Brigade,al-Aqsa Mosque,al-Aqsa Mosque,Amalekites,Appeasement,Appointment,Arab World,Arabs,Ariel Atias,Aryeh Deri,Avigdor Lieberman,Balanced Budget,Ballot Access,Barbarian Forces,Bashir al-Assad,Battle of Khaybar,Blood Libel,Borders,Britain,British Mandate,Budget,Cabinet,Cabinet,Caliphate,Chancellor Merkel,Civilization,Class Warfare,Coalition,Colonial Possession,Corruption,Count Ballots,Courts,Crusades,Danny Danon,Debt,Divided Jerusalem,Economy,Employment,Equal Responsibility,Equal Rights,Equal Treatment,Equality,Estonia,Eugenics,Europe,European Governments,European Union,Executive Order,Failed State,Fatah,Fatah Charter,Fayyad,Federal Reserve,Financial Crisis,Fiscal Cliff,Foreign Trade,Gaza,Germany,Golan Heights,Government,Government Control,Government Shutdown,Government Worker,Grand Mufti of Jerusalem Hussani,Green Businesses,Green Line,Haaretz,Hamas,Hamas Charter,Hate,Hatnua,Health Care,Herzog,Hevron,Hezballah,History,Holy Sites,Hunger Strike,IDF,Inquisition,Internal Pressures,Internationalist,Intifada,Iron Dome,ISIS,Islamic Jihad,Israel,Israeli Capital City,Israeli Interests,Israeli Media,Jerusalem,Jerusalem Day,Jewish Heritage,Jewish Home,Jewish Leadership,Jewish State,Jews,Jordan River,Joseph’s Tomb,Judea,Judean Hills,Justice Minister,Kever Yosef,Knesset,Labor Party,Land for Peace,League of Nations,Lebanon,Leftist Pressures,Likud,Mahmoud Abbas,Mainstream Media,Meaning of Peace,Media,Mediterranean Sea,Mercaz Harav Yeshiva,Meretz,Middle East,Middle East Media Research Institute,Ministers,Ministership,Moshe Feiglin,Moshe Yaalon,Mount of Olives Cemetary,Muhammad Abu Shahala,Muslims,Nablus,Naftali Bennett,Nahariya,Nasrallah,Nationalist,Negev Desert,Netanyahu,New York Times,Old City,One State Solution,Oslo Accords,Palestinian Authority,Parliament,Parliamentary Government,Partition Plan,Peace Process,PLO,PLO Charter,Pogroms,Politicized Findings,Post-Zionist,Power,President for Life,Price Tag Crimes,Prime Minister,Prime Minister,Prisoner Release,Promised Land,Protect Citizenry,Protective Edge,Public Service,Rabbi Yosef,Ramallah,Recognize Israel,Red Lines,Refugee Camp,Refugees,Religious Jews,Response,Response to Muslim Takeover,Response to Terrorism,Right of Return,Rock Throwing,Rocket Attacks,Roman Empire,Rome,Ron Prosser,Run-Off Elections,Saeb Erekat,Samaria,San Remo Conference,Sanctions (BDS),Security,Seige of Vienna,Senate Majority Leader,Senate Minority Leader,Separation Barrier,Settlements,Shas,Shechem,Shelly Yachimovich,Siege of Vienna,Single Payer Plan,Speaker of the House,State Legislature,Statehood,Support Israel,Syria,Tel Aviv,Temple Mount,Terror,Terrorist Release,Third Intifada,Threat of War,Tribe,Tzipi Livni,United Nations,United States,Uri Ariel,Validate Elections,Vote of No Confidence,Waqf,West Bank,World Opinion,World Pressures,Yair Lapid,Yasser Arafat,Yesh Atid Party,Yisrael Beiteinu,Yuli Edelstein,Zionism,Zionist — qwertster @ 3:40 AM
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Prime Minister Netanyahu and Prime Minister in his own mind Yair Lapid had their fateful meeting where the real Prime Minister basically laid out what would be required from Yair Lapid and his party members in order to continue the current coalition. One of the problems which have struck the coalition has been the idea by the other party leaders that they should be the Prime Minister and run the government. Yair Lapid was rumored to even have attempted to patch together his own coalition and exercise a coup of sorts and take over the government through a deal with opposition parties thus forcing a new government without having new elections. Then we have the twisted dreams of Tzipi Livni who believes that she is fated to be Prime Minister because she honestly feels she has been robbed of her opportunity to lead the nation and will likely continue to pursue this phantom reality for the rest of her political life. There is the expected leader and head of the opposition parties Yitzhak Herzog, the leader of the Labor Party, has already claimed his rightful position as Prime Minister in waiting convinced that new elections will serve as the cleansing of the government of Prime Minister Netanyahu and instead bring a liberal wave sweeping Herzog into the Prime Minister slot. He was quoted speaking of the inevitable results of new elections stating, “The Labor party will lead the bloc that will win the election and give hope and a new reality for the citizens of Israel.” Apparently these Prime Ministerial candidates holding these delusional beliefs have either not read any of the polling done or they believe, as Yitzhak Herzog stated just the other day, that the polls are meaningless as they have sampled those they know and all of the people in their circle agree that new elections will place them at the head of the next government. If I were to ask those closest to me if I would win the coming elections and get to form the next coalition government I am sure that at least one or two would play along and assure me that I was not delusional, but they would also realize I was joking. Unfortunately for Israel, these Prime Minister wannabes are not joking and believe their own propaganda that they are the next chosen one.

 

This crisis was brought to a head when the proposed Jewish State Law which was intended to restate and reaffirm that Israel is the home of the Jewish People as well as a democracy where every citizen is guaranteed their respective rights as citizens. To any casual observer this law would be a no brainer but instead it became the initial protest vote where both Yair Lapid and Tzipi Livni threatened their voting against the Jewish State Law should it be brought to the Knesset for a vote. This led to rewording the bill in attempts to make it palatable to the few who insisted on remaining unappeasable. The reality is that both party leaders were actually more upset that the governing coalition refused to tow their line and follow their agendas and instead were following the agenda put forth by the Prime Minister and originally voted for as part and parcel of joining the coalition upon its formation. So, it now appears that Israel is about to go into another election with all the usual posturing and backstabbing starting with each party holding their disparate meetings or votes or some combination thereof in order to present their list of proposed Knesset Ministers for well past their polled expectations to receive once the election results are finalized. The expectations from current polling, something that is almost meaningless as elections have historically brought surprises and twists beyond belief, has Likud remaining the largest block of Ministerial positions and thus most likely to be chosen to form the next coalition. There are indications that the next largest party might be Jewish Home which will be a surprise to the leftist parties who are expecting the Israeli voters to cast off both Likud and Jewish Home in favor of Labor, Meretz and Yesh Atid. The polling has also indicated that Lapid’s Yesh Atid Party will only manage to win half the number of seats in the Knesset than they did in their initial and surprising success in their inaugural presentation before the voting public in the last election. These polls also depicted Tzipi Livni’s HaTnuah Party as barely making a minimal entry number of seats if even breaking the threshold required to be represented in the Knesset, let alone receive the nod to form the next government. The one hope all of those vying to be the next Prime Minister can invest their aspirations upon is that the least likely thing which was unexpected by all the pollsters, party leaders, experts and prognosticators and initially dismissed as insignificant can still resonate with the Israeli public while remaining below the radar and surging forth on election day to produce the unexpected results in the next elections completely throwing all the news outlets an unseen curve which they will be at a loss to explain. The elections may prove once again that there is no such thing as a sure bet when the voting public gets to make the decisions.

 

Of course new elections are not yet guaranteed as it will take a vote in the Knesset to dissolve the parliament and hold elections and there is the possibility that Yair Lapid will return to the fold and swallow his pride for the good of the coalition and by such an action garner some new supporters which always is a desired result for any politician. Lapid was given five acts he must agree to if he desires to avoid new elections. These were to stop attacking the coalition and especially to end his criticisms of the building plans in Jerusalem, Judea and Samaria and the Israeli relations with the United States. Next he was to transfer the six billion shekels to the defense budget as promised for their development of Iron Dome systems and armored personnel carriers. Third was to release the funding for the IDF relocation to the new Negev as was agreed upon by coalition agreements, something Lapid was blocking going so far as to have frozen this funding taking what he referred to as a principled stand. Fourth was for him to support the final version of the Jewish State Law. Finally he would be required to surrender and shelve the zero percent VAT relief bill he had been pushing for very determinedly. This final demand is expected to be the last straw and the one Lapid will refuse to meet thus likely forcing new elections.

 

One reading the polls would expect that Lapid would find it easier to remain in the current coalition where his Yesh Atid Party enjoys nineteen seats in the Knesset, a far cry better than the nine seats which many polls have indicated he would receive from new elections. The guessing here believes that Yesh Atid would probably suffer an even bigger embarrassment and only manage six or maybe seven seats and be on its way to extinction unless Yair Lapid could find a path back to the promises and apparent ideals he initially presented as the guiding essentials set forth in the last election. Those who suspected that much of the Zionist and nationalist line that Minister Lapid had professed was more ruse than ideological foundation as it was presented. These suspicions proved to be valid as once in the government Yair Lapid appeared to inexorably veer to the left and discard much of his nationalist agenda and instead attempt to inject his liberal slant into policy even at the expense of manipulating the budget which he had promised certain arrangements and allocations which he in the end did not deliver on. And this may only be the tip of the iceberg of potential changes which might be produced by holding new elections. The largest changes are always the ways in which the factions and parties arrange their own coalitions’ makeup. The most evident breakup has already taken place in which the one-time marriage of Likud with Yisrael Beiteinu which will also mean that Avigdor Lieberman will be leading his own party rather than being second on the combined ticket with Bibi Netanyahu taking the top slot. Netanyahu is probably expected by most to continue to take the top slot on any Likud ticket but that may not be as guaranteed as one might believe. There will be a credible challenge to Netanyahu in the voting for the Likud ticket as Danny Danon is expected to give Netanyahu a challenge from the right and even more nationalistic Zionist side of the party. We could potentially see a Likud ticket with a new face at the helm which may signal a changing of the guard within Likud even should Danny Danon fall short in his challenge. Danon is definitely one of the future leaders in Likud and the time is rapidly approaching for these new leaders to step forth. Other than the breakup of Likud and Yisrael Beiteinu, there may be other alterations to more parties and combinations than could be readily covered in this article and are best left for after the parties have all filed and made public their intents. Then there will be the leadership challenges in parties other than Likud. We have to wait and see if the somewhat controversial leader of Jewish Home, Naftali Bennett, remains the top man on their ticket and whether they will continue with their current makeup or if some factions might go it on their own. Then there may be a contest for the leadership position of the Haredi parties, largely concerning in Shas and whether the more liberal and left leaning Arye Deri remains in the number one slot or if Eli Yishai or Ariel Atias will make a successful challenge from the more nationalist and right leaning side of the party. With the passing of Rabbi Ovadia Yosef there can now be a true contest for the leadership of the Shas Party. Labor just recently had a change in leadership with Yitzhak Herzog taking the top spot replacing Shelly Yachimovitch. After all is said and done the next government may very well have a similar outward appearance to the current coalition but within there will be some changes, just how many and how far this difference proves to be remains to be seen. If Likud has a new person topping their ticket, such a change could excite the electorate or perhaps the shock of Bibi Netanyahu being replaced will be too much for the Israeli public. Then there are some polls which have shown Jewish Home Party actually replacing Likud as the leader in the Knesset and thus very likely making their first name on their Knesset list the next Prime Minister. It still remains to be seen if that name will continue to be Naftali Bennett. And then again, there is still hope for yours truly as, after all, those I have talked to still hold out hope for me to be picked to form the next government, and why not? Talk about strange happenings, that would take the cake.

 

Beyond the Cusp

 

March 13, 2014

Putin Threat Harbinger of Greatest Danger to America

Putin made an unveiled, direct threat focused to cause President Obama to stop and consider if he really desires to enter a financial war with Russia when he threatened to end his nation’s practice of utilizing the Dollar as their reserve currency. In many ways such a threat is an empty one holding little credence as very few nations would accept the Russian Ruble in payment for resources or other transactions between nations and would still demand that Putin pay them in Dollars or at least Euros. But that is this very moment and the future does not promise that the dollar will continue to be the reserve currency of the world. That begs the question of what will become the world’s reserve currency and what will such a change do to the power and credibility of the United States?

There have been many in the recent few years who have sought to find an alternative to the American Dollar as the reserve currency of the world. Most of those proposing such oppose the United States though they are not adversaries on the brink of actual war. These nations all have a couple of items in common. They are all developing nations recently joining the advanced industrial world and are entering the information economic world and are struggling to be on a par with the United States. For the reason of gaining an advantage of equal footing with the United States, many of these nations have proposed a multi-currency reserve usage if not their currency replacing the Dollar. Now there are those who believe that virtual is better who talk of a world currency driven by demand to set its value such as the bitcoin. Where the bitcoin is a quaint idea and the whole concept of a virtual universal currency, such an idea has one very glaring drawback, no nation is going to go willingly to such a system that is outside the political control of governments, though such would provide a useful reality in the monetary markets of the world. Bitcoin is an unlikely choice as the originators are not quite as well connected as would be required for nations to trust such a system thus bitcoin would need to compromise with international political powers before they could be accepted as the new universal currency. Expect some more prominent and well know entities to enter the market of virtual money with Pay-Pal, which is mostly Dollar centric, having already taken steps in that direction.

Some of the major competitors to the Dollar are the European Euro; the main reason behind the European Union was to establish a trade center equal to the United States market and the establishing of a currency to rival the Dollar, the Chinese Yen and a few others. Which nations and currencies are vying for the title of the replacement currency for the Dollar is unimportant as long as the Dollar retains sufficient stability and recognized value making it the continued universally accepted currency. Even those places which have decided to accept currencies other than the Dollar still rely on the Dollar for the setting of the value of the other currencies thus even when using the Iranian, the Chinese Yen or the Euro; these currencies are accepted in trade depending on their value as measured against the Dollar. So, even if you are paying with some other currency, your bill is still being charged in Dollars and your payment is in an equivalent amount of another currency.

So, what will it take to change the reserve currency of the world? One large step would be to have OPEC begin to use a different currency for purchases of crude oil. There is a reason the Dollar is often referred to as the Petro-Dollar, because the true value of the dollar is the amount of oil that can be purchased with a set amount of Dollars. Thus far, the only places accepting alternate payment for crude largely have been Iran. The reasons are obvious; Iran is attempting to weaken the Dollar as part of their offensive against the United States and the Western nations. The real test would be if the GCC (Gulf Cooperation Council) and especially Saudi Arabia were to stop accepting Dollars and choose another currency or group of currencies in payment for their crude oil. Even should these nations simply start accepting alternate currencies it would weaken the value of the Dollar and would be the initial step to the devaluing of the Dollar to the point that it would be dropped as the reserve currency of the world. If you question what affect such an event would have on the United States if the Dollar of today ceased to be the reserve currency of trade tomorrow, you only need look to the nation that once before minted the dollar that was the reserve currency of the world, Spain. The Spanish dollar which was the originator of the phrase “pieces of eight” as it was a bar of gold that was able of being separated into eight equal pieces that was the currency of trade. Part of the reason behind this was the Spanish exacted a serious penalty for anybody caught shaving their dollar, death. We need to remember the death of the Roman currency system and possibly a large contributor to the death of their empire was the shaving of Roman monies by, at first, the most unscrupulous and eventually it becoming almost commonplace such that it became necessary to weigh each Roman coin before accepting its value.

The Dollar is currently being shaved by a new destructive force, inflation. Because the United States has adopted the practice of simply printing monies in order to finance the government stimulation of the economy, a practice with a dodgy history and limited effect currently, there is going to come a time of rampant inflation in the United States which will result in a drastic devaluation of the Dollar. This devaluing of the Dollar will hurt far more peoples than simply the American public; it will hurt any nation holding large reserves of Dollars. This looming threat is also behind many nations’ nervousness with holding any excessively large amount of Dollars or American certificates or bonds which are Dollar based. This is what urged China to finally stop purchasing more American debt by buying bonds backed by Dollars. This, in turn, led to the Federal Reserve purchasing the Treasury Notes necessary to print additional Dollars, a practice which has artificially sustained the stock market prices and is leading them to new heights. This is an empty valuation as with time the Dollar will have to fall compared to the other currencies of the world which will make the higher priced stock market return to a value that truly represents its actual worth. The real fallout of this eventuality are the other nations whose currencies are directly tied to the Dollar and any nation with excessive holdings in Dollars as well as all those heavily invested in American companies’ stocks which are valued in Dollars. The first signs of the near universality of the effect of a devalued Dollar have been displayed each time the Federal Reserve had threatened to stop its constant Quantitative Easing which is a euphemism for making money, Dollars, out of thin air, and never a good idea. The nations whose currencies took direct hits resulting from such Federal Reserve threats are the nations most vulnerable due to their heavy investment in Dollars. This is what was behind the Chinese fire sale selling off a large portion of their Dollar reserves a few years back. That sell off came within six months of China refusing to purchase additional Treasury Notes, i.e. Dollars. Yes, the Dollar has become extremely vulnerable and yes, the Dollar may very well be on the verge of a collapse and no, we have no idea what the far ranging effects on the economies and currencies of the world when the American Dollar falls beyond the cusp into a great chasm of debt riddled valuelessness. We may not have to wait decades for an answer, but it would be best to never be in the position of realizing that everything we thought had value had become worth the cloth/paper it was printed on and not the value the pretty designs and numbers inferred. That will be a day of reckoning, a great and painful reckoning.

Beyond the Cusp

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