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Should China succeed, the U.S. would lose its ‘magic weapon’ of monetary dominance.
“I believe we must start from the notion of defeat leading to revolution – to grasp the Trump revolution”.
“The experience underway in the United States, even if we don’t know exactly what it will be, is revolution. Is it a revolution in the strict sense? Is it a counter-revolution?”
So spoke the French historian and philosopher Emmanuel Todd in his April Moscow lecture, From Russia With Love.
“This [Trump revolution] is, in my opinion, linked to defeat. Various people have reported to me conversations between members of the Trump team, and what is striking is their awareness of defeat. People like J.D. Vance, the Vice President, and many others, are people who understood that America had lost this war”.
This American awareness of defeat, however, contrasts markedly with the Europeans’ surprising lack of awareness – rather it is denial – at their defeat:
“For the United States, it is fundamentally an economic defeat. The sanctions policy showed that the financial power of the West was not omnipotent. The Americans were reminded of the fragility of their military industry. The people at the Pentagon know very well that one of the limits to their action is the limited capacity of the American military-industrial complex”.
“That America is in the midst of a serious revolution, right now – easily comparable to the end of the USSR – is understood by a few”. Yet our preconceptions – political and intellectual – often prevent us from seeing and assimilating the import of this reality”.
Todd, to his credit, admits the difficulty with perception readily:
“I must admit that when the Soviet system actually collapsed, I was unable to foresee the extent of the dislocation and the level of suffering this dislocation would cause for Russia. My experience taught me one important thing: The collapse of a system is as much mental as economic … I didn’t understand that communism was not only an economic organization but also a belief system, a quasi-religion, that structured Soviet and Russian social life. The dislocation of belief would lead to psychological disorganization far beyond economic disorganization. We are reaching a situation of this type in the West today”.
The psychological dislocation caused by ‘defeat’ may explain (but not justify) the West’s ‘curious’ inability to understand world events: The almost pathological dissociation from the real world that it displays in its words and actions: It’s blindness – for example, to the Russian experience of history and to the long history behind Shi’a defiance in Iran. Yet, even as the political situation deteriorates … there is no sign of the West becoming more reality-based in its understanding – and it is very likely that it will continue to live in its alternative construction of reality – until it is forcibly expelled.
Yanis Varoufakis has pointed out that the reality of the prospect of U.S. economic ‘defeat’ was clearly spelled out by Paul Volcker, former chair of the Federal Reserve, when he said that what holds the entire globalist system together had been the massive flow of capital from abroad – running to more than $2 billion every working day – that sustained America’s comfortable, low inflationary lifestyle.
Today, with the U.S. in an era of unsustainable structural budget deficits, Trump is laser-focused on America’s financial core: The Treasury bond market (America’s lifeline) and the stock market (America’s wallet). Both are fragile. And any external pressure could trigger a chain reaction:
“In short, America is no longer confident in its own financial fortress. And China is no longer playing by the old rules. This isn’t just a trade war — it’s a war for the future of global finance”, Varoufakis states. Which is why Trump threatens war on anyone seeking to supplant or bypass the U.S. dollar trading monopoly.
Trump’s “reciprocal tariffs” therefore were never about balancing trade. What they amount to is an attempt to restructure creditors. “It’s what you do in bankruptcy”, as one commentator wryly notes. The demands for greater contributions from NATO states is precisely an exercise in demanding creditor revenue – as was Trump’s Gulf trip).
The purpose of the New Cold War primordially consists in choking off China’s rise. This aim effectively represents common ground amongst all factions of the Establishment – protecting the dollar system from collapse.
The notion of the U.S. recovering its former position as a world-class manufacturing centre is largely a diversional narrative crafted for domestic purposes. In 1950, the U.S. manufacturing labour force made up 33.7 percent of the domestic economy – a figure that has dwindled to less than 8.4 percent today. To revert would take a generational shift.
So, aside from the China consensus, the Ruling Strata is split – with the likes of JD Vance, and the economic team of Stephen Miran and Russel Vought, concerned more by the risk of U.S. overreach undermining the dollar primacy, whilst the hawks advocate reinforcing the dollar hegemony, with clear demonstrative ‘shows’ of U.S. military muscle.
The re-structuring of creditors underpins too Trump’s hurry to do a ‘deal’ with Russia – one that could bring quick business opportunities and positive capital flows (and collateral) onto the U.S.’ capital account. A deal with Iran potentially could even yield Trump’s apotheosis of U.S. energy dominance, resulting in new revenue inflows that would buttress confidence in the dollar.
In short, Trump’s agenda is not long-term strategic. It is the short-term corralling of aggregate demand for the dollar as the only currency which people demand, albeit even though they do not want to buy anything from the country creating the dollars.
The crucial flaw is that Trump’s crude transactionalism is shredding his credibility as a serious geo-political actor and consequently compelling others to hedge against the dollar.
In short, the collapse in credibility caused by Trump’s disdain for reading; for intel briefings; and his reliance on the he or she who last whispered in his ear, lends to policy flip-flops, and a general desire for others to disengage as far as possible from the unpredictable Trumpland.
Emmanuel Todd warns that the classic response to a collapse in the belief system and the particular psyche that has animated the economic paradigm
“is anxiety – rather than any state of freedom and well-being. The beliefs that accompanied Western triumphalism are collapsing. But as in any revolutionary process, we do not yet know which new belief is the most important, which belief will emerge victorious from the process of decomposition”.
Revolutions though they generally destroy, their focus is to harness the energies sufficient to eradicate the institutions that were too rigid to integrate into the demand for change that provoked the revolution in the first place.
In this context, the pursuit of a New Cold War against China precisely is centred around U.S. anxiety (as Todd maintains) – primarily the fear that China’s building of a digital ‘super highway’ for money will prove to be much more advanced than the rickety road that is the American dollar road.
Today that super-wide highway may not be so widely used. That’s now. But already there is a migration from the old road to the Chinese Super highway, as Varoufakis underlines to the Chinese.
For the American Establishment, the Chinese ‘super-highway’ constitutes a ‘clear and present’ danger to its hegemony. The anxiety is not really about Chinese intellectual property or ‘IP theft’. It is the fear that the U.S. cannot keep up with the new financial ecosystems being constructed by China, or the sophistication of the digital yuan.
This anxiety is aggravated – not least – because the Fintech overlords of Silicon Valley are at daggers drawn with the big Wall Street clearing banks (who want to preserve their antiquated systems). China has the advantage here, as its financial and tech sectors are fused, as one.
The fear is plain: Should China succeed, the U.S. would lose its ‘magic weapon’ of monetary dominance:
“And here is the ‘revolution’: No fireworks, no Western headlines. Just one quiet early morning in Beijing where the dollar’s crown slipped. The world’s financial plumbing just got a reroute—through the China [super highway]”
“For the first time ever, China’s CIPS (Cross-Border Interbank Payment System) surpassed SWIFT in single-day transaction volume. A red banner flashed across Bank of China’s HQ at 1:30AM on April 16, 2025”.
“CIPS [as Zerohedge tells it] processed a jaw-dropping ¥12.8 trillion RMB in just one day—roughly $1.76 trillion USD. That volume, if verified, overtakes the greenback-dominated SWIFT system in sheer daily cross-border throughput”.
Yes – It’s all about money.
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10 year gov’t debt interest rates required to attract buyers
Nov 2020
0.9% US
3.2% China
May 2025
4.4% US
1.7% China
The Bond Vigilantes have spoken
Excellent article. First it debunks a myth that Trump actions are erratic, incoherent. They are not. He simply reacts to dire reality of US financial Titanic hitting Chinese economic iceberg while deep state elites keep dancing believing in a myth of unsinkable US empire while propaganda music keeps playing old soothing, sentimental tunes of “Keep the course”.
True. Trump acts in desperation of a sinking ship captain, often incompetent responds to an emergency others ignore, refuse to recognize. Trump floods some decks, does a lot of killing and damaging, destroys previous assumptions, attitudes, myths, connections, dependencies and relations, makes a lot of damage to expensive imperial narratives and paraphernalia, lashes out against all responsible, laments of broken safety equipment, inability to fight, against mismanagement and stupidity of former captains of elites as well as violates all etiquette, decorum and perceptions of political gravity trying to wake up compliant elite from a torpor.
Anything to stop incoming flood for now while long term condemning US Titanic to watery abyss by rejecting or being blind to hard engineering solution to US entrenched economic and financial problems that require shedding imperial hubris and ambitions. All that to save a Titanic of US dollar hegemony and by that hides of western oligarchic elites .
I myself long ago warned of real and present danger of China one day declaring that from now on all trades with China are in yuan. Of course Chinese are never so dramatic but in fact they were doing exactly that and now over 50% of Chinese non banking receipts are in RMB. China no longer use dollars in trade with tens of huge trading partners including Indonesia and Russia. Chinese are testing crypto based digital RMB with global reach. Right now China is setting up her own U.S. dollar transaction clearinghouse in Hong Kong out of reach of US treasury asset freezing jurisdiction. Europeans pay the price for freezing Russia assets and lost its huge Asia business. Russia was forced into non dollar trade with most of over 100 trading partners. Never looked back. Soon at BRICS meeting in Brazil BRICS PAY global payment system will be announced massively purging dollar from BRICS+ mutual trade. The U.S. debt crisis is coming within 18 months as US must refinance nine trillion dollar debt among rising gold prices that few weeks ago reached $3500, ten year USTB lingering about 4.5% and increasing with tariffs while dollar index collapses world wide dumped not just by BRICS but by U.S. allies like Japan and EU to keep trading with US “enemies” and avoid US financial sanctions.
It was Trump who first publicly and correctly declared not just China but BRICS the mortal enemy of US dollar and financial primacy and he’s trying to do something he knows like confusing, conniving and intimidation of enemies.
His administration’s economic (and other unrelated policy) actions are quite coherent, to the point of transparency. One need only read the work of Stephen Miran in order to understand, for instance, the China policy.
However, that does not mean his actions are not erratic, which they most definitely are. Saying a thing one day, another the next. Moving in a direction today, different tomorrow, returning to where he was the day before yesterday. After watching him since the election, I hardly even think that he realizes how ‘all over the place’, i.e., how erratic he really is.
Much of it is likely because he has no control over his desire to speak, and in fact enjoys hearing himself talk. In this he has substituted language (his own) for reality. Then, when the real world doesn’t comply with his words, he either forgets what he just said, or makes something else up.
It is easy to demonstrate his erratic speech and behavior:
1) When China didn’t fold after his initial tariffs (ostensibly enacted in order to ‘bring jobs back’ because China is ‘ripping us off’) he changed his tune, pulling back the threats.
2) Next, subsequent to a meeting of economic heads, Trump claimed that he expected China and the US would soon come to an equitable agreement.
3) Right after that, I guess in order to ‘seal the deal’ and demonstrate ‘good faith’, Trump enacted additional global sanctions on China–literally anyone doing ‘unauthorized’ microchip business with China would would be sanctioned.
4) After this bit of uneven behavior, China responded as expected.
5) Never the perplexed one, Trump now claimed his goal in all of this was to actually help China– in his words, ‘…in order to save them from what I thought was going to be a very bad situation. Everybody was happy!’ [As if it is his job as POTUS to keep China both happy and strong.]
6) Now, still riding the merry-go-round, he’s back to where he started from. Left with nothing positive to show for anything.
Contrast this with China’s official statements, which have been both coherent, regular and consistent.
So although it is accurate to claim that the administration’s China ‘policy’ is coherent–that is, the continued maintenance of a US monopoly on world economic power through economic war against China (along with threats to the rest of the ‘free’ world), we also recognize that Trump’s words and actions in support of this transparent goal are totally erratic, really, to the point of absurdity.
Kalen, your third paragraph flags the fact that we’re on exactly the wrong path. The U.S. need not ruin itself, but is doing so because it’s led by those trying to maintain their special perks.
Is this not the Madman Theory/Strategy applied by Nixon?
All while this is unfolding, we have two Senators spending $400K each in Keeeevvvvv.
We’re F*ed.
I agree that for normal person Trump moves seem self defeating or erratic but those who know Trump say it’s his style as he is always ready to walk away from any deal and return to it anytime on a whim. They say that his style is confusion of adversary about real goals or red lines Trump wants to achieve or cross. It seems more like perhaps Confucian method to keep enemy guessing. It will fail but the value of that is recognition of existential crisis in the west and no obvious ways to mitigate it. The others so call composed and steady politicians want to continue status quo that actually led to today’s crisis and on a brink of nuclear annihilation.
I hope you’ve realized already that those tariffs talks are not about tariffs and hence a failure to negotiate beneficial tariffs is irrelevant to Trump’s ultimate goal which is strategic defeat of China that can’t be conquered by military force. Trump definitely wants to provoke China into unfriendly protectionist moves against its global trading partners and de facto allies who are exposed to tremendous pressures by U.S. Like in failed case of isolating, destabilizing Russia by sanctions and seemingly chaotic ceasefire negotiations Trump wants to destabilize China’s global position by violative negotiations and by that instigate economic and political crisis in China and ultimately regime change in Beijing deposing Xi. He officially said he wants BRICS dead.
I have asked some of those who criticized Trump what they would expect some other politician do without maintaining Biden’s status quo of slow collapsing or collaterally damaging US economy by Trump’s emergency erratics both paths nominally pursuing the same hegemonic goals. The only answer they had was abandoning US imperial ambitions and Join BRICS to, in an organized way, dismantle U.S. global edifice with minimal damage to US economy and regional power. No one single U.S. politician living now is able or willing to do that and hence Crook see damaging US revolution as a way out. Trump is poetically destroying village to save it. He acts in a war posture where self inflicted economic damages are irrelevant if potential damages to enemy could be greater.
True, blackmail, confusion and provocation mixed with patronizing, enticement, shallow pragmatism and phony comradeship is in the center of it.
Trump is seen as schizophrenic by the world, can you deal with such a guy?
Trump claims he is a Christian and saved by God from the assassin bullet yet he is photographed shaking the hand of a head chopper in Syria and saying “what a guy” while this “What a guy” is murdering the ancient Christian Alawites. Trump has a grade school grasp on history, that’s what comes from being a deal maker over a thinker, Trump is unreliable and ignorant.
What Trump is trying to do is to maintain the Castle while the barbarians are slowly surrounding.
The American system of control was put in place by the likes of the Dulles brothers for the benefit of their paymasters, the old moneyed families and Corporations at the turn of the 20th century. These deals creating a pipeline of wealth were arranged in the days of Sullivan & Cromwell where John Foster Dulles arrange the affairs of the wealthy so they paid minimal tax, these services extended to commercial deal making and with Allen Dulles in charge of the OSS, the pre runner to the CIA, this OSS was able to continue on its activities, after the war, by sorting out problems for the wealthy that needed a bit of blackmail and muscle.
This system has now grown into a nation state based on gangsterism, and this is what the world wants off its back.
The U.S will eventually go to war because the fiscal control over the world through its printing press is over, all they have now is the muscle.
That’s something to think about. Debt that they’re now rolling over was apparently issued at between 0,25% – 2,50% but is only finding buyers at 4,50% – 5,00% The number of buyers is shrinking as they perceive higher risk. There’s also the very unusual fact that these higher US interest rates aren’t lifting the dollar.
It seems clear that the US can’t pay 5% on its mountains of debt so it’s down to the FED to buy it all to keep rates down. That’s inflationary and devalues the dollar (accounting for the dearth of buyers). The question is what rate of inflation comes out of this and the incompatibility of a reserve currency and inflation.
The Chinese ‘super-highway’ constitutes a ‘clear and present’ danger to freedom. While the U.S. must collapse in its own corruption, the replacement cannot be a Chinese-centric model because that leads to the destruction of humanity.
“Yes – It’s all about money.”
For the love of money is the root of all evil
Scary stuff. If true. The Chicken Littles always see the sky as falling. In 2008 it looked like it was all over, but here we are. Not sure the American kleptocracy can keep the Ponzi scheme alive, and they always pull a rabbit out. So, we’ll see what happens here. Crooke makes an astute point on Russia. The geniuses thought they could break the Russians with sanctions and the war, but Russia may actually be stronger today. The play after the Berlin Wall fell, was to partner with Russia and its enormous natural resources, but instead, they had to try and rape it. The Chinese-Russian alliance is the biggest possible threat to the US and its European vassals, but the idiots can’t stop themselves. Tell your kids to learn a trade. Even a fallen empire needs tradesmen.
I think you meant “ancient Christians and Alawites”, no?
Recently Moodys joined the other bond rating houses and downgraded US debt. It is far to little and way to late, because those that sell CDS insurance on US Treasuries are demanding much higher rates based on what they believe it is the risk.
USA CDS on US Treasuries is already in junk status
It seems very reasonable to me that as US hegemony slips, and the world switching to BRICS and CIPS, that US Treasury rates will have to go up to keep the world buying USA debt, which has no hope of being repaid in constant dollars. Bottom line? US debt is highly unstable. The USA is a banana-like republic with a mad man in charge, a rabid immoral insane Zionist nutcase.
It is clear that since the Covid lows in the bond market the new secular trend of interest rates is up. The next leg up could cause a selling panic. Crazy Trump is no help, Trump authorized long range strikes into Russia, risking nuclear war. This may be what Rothschild wants, at the end of the debt cycle, the bankers simply terminate the human population, and blame the collapse on Russia, and Trump is their man, a Rothschild agent installed to carry out the Rothschild agenda of managed banking empire collapse and world genocide. This may explain Trump’s endless flip flops and bizarre statements.
30 YEAR T-BOND CHART SHOWING INCREASING YIELDS
I predict (a no-brainer) that crazy king Trump presidency with end in disaster. Orange MIGA pig is MAGA in name only. There is no way out of 37Trillion in debt, thus the rats are cornered on a sinking ship – total desperation coming to the USA. Russia sold all it’s US Treasuries and China has sold about half. The more crazy Trump gets the less the bag holders want to own US debt.
Trump IMO is a nation wrecker, and when he gets done, Amerika will be in far worse financial shape, especially since big deficit spender Trump refuses to cut federal spending. If you all remember, the Deagel report says by 2025 USA defense spending reduced by 80%. Thus a huge shift is coming to force the USA to cut spending.
No doubt Elon Musk will be one of the first Trump loyalists to jump ship. DOGE savings wiped out by Trump’s proposed huge spending increase. IMO Trump is a dangerous loon, a reckless deficit spender, pie in the sky golden dome and other crack pot ideas. The bond holders are watching the Trump train wreck and will surely sell their bonds pushing yields higher. A huge shock could be coming to USA mortgage rates, which could surge above 8%. That would push the USA into another Great Depression with no hope of paying off debt.
Indeed – even more scary when one runs the numbers:
Interest cost of federal debt as percentage of federal revenues:
Actual
~2% 2019
~9% 2021
~18% 2024
Projected
~24% 2025
~xx% 2026
~xx% 2027
My back of the envelope shows 28-30% in 2026 and 30-34% in 2027. If that’s true, then the Federal Gov‘t will face an insolvency crisis in early 2027.
Watch 10 year treasury interest rate: if stays above 4% then bond market agrees with my prediction of an insolvency crisis; if 10 year drops below 3% then I am wrong. TBD
How is this going to happen, and why. Iran trading in petrodollars or not wouldn’t shift the balance in the Gulf, as all Arab states in the region currently do, and that’s enough. Iran attacks can be easily bypassed by shipping the extracted oil to some port in Oman or Hadhramaut, or even Israel if that’s oil going to Europe or the Americas. They are currently not even preparing to do it because they don’t need to do it, because the danger of Iranian strikes to shipping directly from the Gulf, or the Houthis to the Red Sea shipping, let’s admit it is low.
CIPS processes payments in yuan? So you are basically reporting that most international trade since the last 50 days has been in yuan and not in dollars? Because that’s what CIPS volume > SWIFT volume per day seem to imply.
In the real world we see none of this, the dollar currently dominates.
Some argue that it doesn’t matter what Trump says, but that only his team’s actions count. And this is likely the only intelligible way to confront and understand him– policy-wise. When one has a ‘leader’ whose actions tend to be contrary to the face-value of his words, it is the only way. In such a situation the spoken word can almost be relegated to a redundancy. Think of Biden. The man didn’t say much of anything during his four year term (because of organic cognitive limitations), yet it was easy to ‘predict’ what his administration would do.
Trump likes to hear himself talk, and his followers enjoy the one liners The man knows how to work a crowd, as an entertainer. He can lie, tell them that he’s trying to ‘help China out of a bad situation’, and his fans will buy it. Or at least laugh at it.
It becomes a problem however in that this willy-nilly style tends to make top-level diplomacy refractory. Think Nixon. Before his China rapprochement, everything Kissinger did was done in secret. No one (at least no one outside his close circle) had any idea. Because of it, things got done. Both China and the US were pretty much on the same diplomatic page, because diplomacy in speech (both before and after the fact) matched diplomacy in action.
Next. With Trump’s discombobulations, his ‘team’ has to explain random off the wall utterances, at least attempting to make sense out of them. One also might expect it could be embarrassing–at least for anyone with shame, although politicians usually don’t have that.
Compare Biden. After Psaki left the scene, her replacement, the Haitian Sensation, would just bobble her head and giggle. Likely responding with something equally as idiotic as Biden’s original comment. Or possibly just ignore the question altogether. And I suppose it’s fair to say that an equally brain challenged press (who mostly supported Biden) expected nothing much else of her. They went along with the joke, because they were an integral part of the joke. In Trump’s situation, his bubble headed bleach blonde can’t do it as well as Karine, or… well, she’d come across as a bubble headed bleach blonde.
China (and Russia) should not (and likely don’t) have delusions about the administration’s economic goals. Really, it is the goal not only Trump’s administration, but an overall and relatively long-standing (albeit incremental) US policy. China however is run by serious men. My impression, FWIW, is that Xi knows the score, and will continue maintaining a quite consistent course, one that has served them well since at least the early ’80s.
The real problem with America is that we are not Americans any more. Our elites are Jews, and the country has been flooded with human garbage. The blacks will never be assimilated. There is no fixing this, in any sort of smooth gradual way.
Having a BBB+ credit rating on the long term debt of country providing the world’s reserve currency is unsustainable. The result has to be either massive spending cuts (impossible), rising inflation and loss of dollar reserve status or – as you say – a world war (Great Reset) blamed on Russia or China.
As it happens, the looters who produced this situation seem to be preparing for the war option.
I agree with your suggestion as to learning a trade! We have more than enough pencil-necked paper pushers.
A suggestion here would be in the HVAC field; installing and servicing heating and air conditioning equipment. Complete the training with gas and electric endorsement. These technicians are always in demand, certainly if your house is freezing or boiling inside.
I’m long time retired now but would probably go this route because it is a straight forward path of getting your own business eventually.
in the past i have stated that intelligent people (mr. crooke included), have a hard time understanding trump, as their intelligence naturally looks to draw some logical conclusion from trump’s gibberish and bizarre behavior. while you are trying to figure out, just why he would say so many offensive things, to adversaries and “friends” alike, while behaving in such a churlish and childish manner, he has turned in a completely different direction.
as he starts his next kabuki dance, you begin to interpret it and somehow integrate into your previous conclusion. at a certain point your mind blows a fuse, from all of the cognitive dissonance and counter intuitive input and you put it on the shelf for a while. if there is a method to his madness it is this. he is merely playing a part, as he always has, when he was a wwf manager, as well as a reality show host.
he seems to possess a strange mesmerism or animal “magatism”, as i call it, that hypnotizes his fan base and convinces them, that he is on their side and a man of the people. look at the q anons, that are still waiting for him to overcome the deepstate spectre, that haunts and hunts him.
his phony assassination attempts, produced with the cheesiest of wwf production effects, was gobbled up by his long suffering followers, as definitive proof of the conspiracy, attempting to prevent their hero from saving america. what has come out of this “assassination attempt”? one dead retarded patsy and absolutely nothing else, except a statue of him holding his fist in defiance, placed in his maralago palace.
trump is as phony as his attempted assassination, he is playing the part of the buffoon president, that bumbles and bungles and all of his tactics “accidentally” hurt the middle class and drive the dollar and the economy into the toilet, while his billionaire bankster buddies get ready to loot the entire country weimar republic style.
as the dollar is destroyed along with the unpayable 37 trillion dollar debt, the value of bitcoin rises and mr. crypto and friends, will buy every hard asset they can get their greedy hands on. trump will be the fall guy but die hard magatard supporters will still defend him, claiming he was sabotaged by the deepstate (of which is part).
trump’s stupidity is his strength, it baffles the intelligent with bullshit, while convincing stupid people he is one of them. both draw the same flawed conclusion, if he’s rich, he has to be smart.
Imho – China just keeps slowly and pragmatically rolling along proving itself a boon to humanity as the United States and the ” West ” go about their insane delusions that clearly show we are a bane on humanity.
The Yankee Exceptionalist psyche-‘Better to reign in Hell than serve in Heaven’. Particularly ‘serving’ ‘gooks’ and ‘chinks’.
CGTN has a heap of excellent vids, obviously re-mastered by AI etc, of the incomparable Chairman and his great colleagues, from the 1940s on to the Tenth Party Conference in 1973. The most significant figure in history since Bonaparte.
‘We see none of this…’. There are none so blind as those who will not see’.
Alastair does such a better job in writing than his a, a, a, a, a, stuttering on Judge Nap’s show…
Meet those who are ruining America to preserve their perks.
http://biblicisminstitute.wordpress.com/2015/07/28/how-the-ashkenazi-jews-conquered-the-west/
They have destroyed the US Dollar and are fighting to destroy the West.
http://biblicisminstitute.wordpress.com/2015/08/14/when-money-is-the-problem/
http://biblicisminstitute.wordpress.com/2015/04/28/the-war-on-christianity/
I remember how many people predicted in 2022 that the end of dollar hegemony was imminent because Putin had tied the rouble to oil. Who remembers? That was shortly after Russian banks were banned from SWIFT and shortly before the CIA blew up Nordstream. And today nobody wants to know anything about it.
This article is exactly the same. A prophecy without a clear timeline. It will not happen. The dollar is and will remain king, the Chinese will lose. I don’t know if I should like that, but personal preferences and reality are two different things.
There is quite rightly a large group of people in the West who see through the stupid lies about Western freedom and Russian/Chinese/Iranian dictatorship. They feel left behind and can no longer take the media seriously. They are right about that. But then there is a group of influencers like Crooke, Varoufakis, Emmanuel Todd, Scott Ritter and the majority of Judge Napolitano’s guests who satisfy this need for an alternative narrative. They talk nonstop about the imminent collapse of the US dollar and US dominance. Putin is playing 5D chess and China is winning on all fronts against stupid Donald.
That is nonsense. The change described in this article will not happen. Nobody wants to use the Chinese system. Ask yourself: If CIPS is slowly replacing and overtaking SWIFT, why is Iran negotiating for the US sanctions to be lifted instead of simply using the great Chinese payment system? Same with Russia.
The notion of the U.S. recovering its former position as a world-class manufacturing centre is largely a diversional narrative crafted for domestic purposes.
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What destroyed America was the USA.. It created monopoly powers and gave them to private ownership (corporations and their owners). What this did was to convert the American economy from capitalist to monopoliest. Since 1946 this has been happening.. Copyright, patents, trade secrets, goodwill, licenses etc. allowed the monopolist to remove from America its producing industries and IP allowed to relocate these producing industries in tack in the most favorable non American (foreign) place owners of those industries could find, without giving up private ownership of the production processes. According to Ocean Tomo after 2018 over 90% of the major corporation balance sheets were not physical assets, they were intangible assets. Little of the corporate earnings today come from physical assets located in America.
The exchange of the source of earnings from direct physical production to royalty earnings from production being conducted in foreign places was implemented by environmental control laws, the patent and copyright law and trade secret laws; basically monopoly power over the right to produce and penalty power for producing in EPA policed America. IMO, removal of domestic to foreign was a planned event. The Continental Shelf Act, the 1954 act, the EPA 1974, and the switch from American produced oil to foreign produced oil.. But the switch was not just in foreign produced oil and gas, it was accompanied by a switch from American produced and exported to Foreign produced and imported everything. My point is environmental laws were the tools used to shut down America.. Did the Rothschilds plan this, I don’t know, but big corporate power lobbies extended 7 yr lifetime of patents and copyrights to over 100 years. Disney’s need and the music industry greed for copyright extensions played a big part in the lifetime extensions of copyright laws, and those moving physical plants needed long, very long lifetimes for their patents and other IP to generate income streams from foreign production. The result America was shut down and boarded up. The question is: who planned it?
Here is how it works. A physical plant producing products in America before 1980 was doing so according to process, the production process. as its activities progressed trade secrets, patents, copyrights and all kinds of knowledge and experience were part of that production process. The longer the plant operated the more expertise, the more knowledge its workers and engineers had about the process. Competition was blocked not because the process could not be duplicated, but because the patents and other ip prevented anyone from building a plant to compete. Monopoly power ruled.
So after 1980 the companies shut down their product producing operation , licensed the production processes and taught the people in foreign places how to profit from the production processes. Soon these foreign facilities were producing the products Americans used to produce, The wealthy few that owned the copyright and patents on these productive processes gained by letting someone else (foreigners) to use the patent in some foreign place. These foreigners were licensees of the owners of the processes (so their income came from royalties (% of the income the products earned after being produced in a foreign place) exchange stock dividends for royalty income. The royalty incomes from foreign production (IP) was greater than earnings dividends from production in domestic America.
“For the first time ever, China’s CIPS (Cross-Border Interbank Payment System) surpassed SWIFT in single-day transaction volume. A red banner flashed across Bank of China’s HQ at 1:30AM on April 16, 2025”
So what can the USA do to MAGA? My answer is invest in America and either a. tax intangible property to the hilt, or the better choice 2) eliminate all monopoly power(abolish all copyright patent and trade secret laws anything that creates, bestows or allows a monopoly power in private hands ) to anyone operating in America and tax the IP (not impose tariffs) that allows foreign produces to make a profit. Eliminate the patent laws, the copyright laws, the trade secret laws, and void all contracts that convey monopoly powers to anyone.. To MAGA it is necessary to eliminate and outlaw all monopoly power in private hands.
Wall Street would collapse, but I think that is going to happen anyway. In time Americans would once again be productive.. once productive they can improve their production processes toward producing competitive products again.. and once the products produced in America are competitive Americans could compete again; after all competition is what capitalism is all about eliminating competition is what monopolies are all about. For this, American’s need the USA to invest its budget dollars in America not foreign war. It can get its investment dollars by taxing IP or from the profits earned after monopoly power in private hands has been outlawed. Trump could do this, but it would not be popular and the results of a successful restart will not be visible until long after Trump is out of office.. so he will likely not be interested and most certainly Wall Street is not interested.
Musk leaving says an awful lot about Trump Economics.
The solution:
Get yourself some Bitcoin
Video Link
China and US are both part of BIS SDR. This is all smoke and mirrors while the anglokike gang and the chinkkike gang settle their differences behind very hidden doors. Burn it all down.
I’d rather buy digital tulips.
Foremost macro and monetary economist Jeffrey Sachs, whom the New York Times once called “probably the most important economist in the world” —and who trained a generation of economists at Harvard— disagrees with your (common-man) take on this.
But whatever.
Taco’s rise from real estate dabbler (he was only a player because Daddy left him money and Joo connections) to President is like a midget wrestler vying for the world heavy weight boxing championship.
Putin’s judo has the Taco Bro all over the mat and Xi’s Kung Fu have Taco writhing in a 5 Finger death grip.
Xi has demonstrted that the fortune cookie is mightier than the Taco !
Fact is, Taco is out of his league and makes up for this in daily braying and lapdog howling. No to mention the hourly and daiy reversals and retarded ideas. The poor chap is punch drunk.
On the other side of the dance floor, Nuttyyahoo has his little poodle doing the Funky Chicken.
Then there is El Taco himself. For the longest while there was something about his cabinet members that bothered me. I mean not only were they stupid but one day I realized they looked like a Barbie and Ken side show. As well, Wacko Taco is just 6 years older than Vlad but looks like he could be the Grandpa.
A plastic surgeon would have a hell of a time refurbishing the fellow. His best bet would be to pull all that loose skin from his zero pack to the top of his head and tie it off with a knot. This can then be covered with a larger orange wig. Problem though is that his willie and 2 marbles might end up over his left ear further complicating the procedure.
Who knows how when this freak show will end. To me though it seems like a typical disease. Everything seems okay until one day the patient collapses.
What a mess ! The Maggot crowd sure took it up the ass for and by El Taco.
Dig the video. Even Ken looks like El Taco less 300 pounds. The best Hollywood Joo writer can’t make this shit up. For all the talk about who is a loser and who is an idiot it looks like the last laugh is on this fool.
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What happens after the government faces an insolvency crises in 2027? You seem pretty well versed on the subject, I’m interested to hear your thoughts.
-Rooster
{while this “What a guy” is murdering the ancient Christian Alawites. }
As the other poster wrote, you probably meant “ancient Christians and Alawites”.
(Alawites are Shia Muslims, whom Sunni Muslims consider ‘non believers’ i.e. not Muslims, no different than Christians; so can be murdered at will. “What a guy” is Sunni, as are ISIS, Al-Qaeda et.al. terrorists)
The pictures of Trump, and Macron, and the little piggy German FM Baerbock standing next to and shaking hands* with this greasy, blood soaked terrorist throat-cutter, now wearing Saville Row suites, shows the true face of the Perfidious Albeon ZioWest.
But this is nothing new: the supposedly “Christian” US has been actively facilitating religious-cleansing of Christians from Middle East for decades. For example, ancient Christians were living unmolested in Iraq, until US invaded. Now they are all gone.
Israeli government policy is to force out all Christians from its birthplace, particularly Jerusalem.
And the Catholic Popes have been cowardly silent, while Christians in Israel are harassed and “encouraged” to leave. Foaming at the mouth Evangelical Christians here in the US also have strangely lost their ability to spew fire and brimstone — when it come to Christians’ mistreatment in Israel.
______________________________
*
the Terrorist refused to shake hands with the little piggy girl, and yet she went back to meet him again, and again he refused to touch her: this is how low these ZioWestern filth have sunk.
For a moment I thought you were shifting to a discussion of PM Carney up there in Canistan. While Trump may be coming up wanting, he was dealt a very raw hand with America already a failed state as far back as 2008. Of course he should have known this and made alternative plans for himself and his family. I’d like to see how any of his MIGA critics would have dealt with the waving of $100 million by some Zio stooge in their faces. We need to stop hoping that someone strong comes to our rescue and simple relieve these Zio freaks of their ill-gotten gains in the first place. If America is going down, as is looking increasingly likely, perhaps Trump should consider defaulting on his Adelson bonds first.
The Fatimid Caliph Al-Hakim bi-Amr-i Allah (985-1021) was often referred to as the “Mad Caliph.” This was as the Fatimad Caliphate was undergoing its contraction before it finally disappeared, destroyed by its inner contradictions.
The reasons he was called “mad” were his erratic behavior which included: Eccentric and arbitrary policies, inconsistencies and sudden radical shifts. It took more than a thousand years for historians and scholars to discover that al-Hakim’s behavior had doctrinal and economic reasons—monetary policy— which were too complicated, and too obscure to explain to the public at the time, and still require very specialized information to understand today. Does this sound familiar? These included destruction of the Church of the Holy Sepulchre in Jerusalem. Even though, or, it is said, because, his mother was a Christian of the Coptic Church. (Does that remind you of Trump and his war on Harvard and the universities?)
On the other hand, Druze sources claim, al-Ḥākim’s mother was the daughter of ‘Abdu l-Lāh, one of al-Mu’izz li-Din-i Llahi’s sons and was therefore al-‘Azīz’s niece. (This is the “Holy Family” thing, like the Rothschild mother, transgender father-wife formula in France.) Al-Mu’izz li-Din-i Llahi founded Cairo, which means “the invincible city” whose name was a challenge to the Qarmatis, the Manichaean faction who did not believe that Manichaeism in one country was possible without “world revolution” that is, Manichaeism everywhere. (This is the conflict of Stalinism, or “Communism in One Country” and Trotskyism, or “World Revolution.” This split occurs again and again in Dualism/Manichaeism. Every time. Mu’izz’s name means “The Exalter of the Religion of God.” “Religion of God” is NOT Islam. It is a code word name for Manichaeism. See Below. (Yes, the Fatimid Caliphate was a completely different religion in disguise than what it claimed to be.) Yuri Vladimirovich Andropov, the General Secretary of the Communist Party of the Soviet Union after Brezhnev from 1982 until his death in 1984, said, presciently: “We don’t know the society in which we live. We must make a special study to find out what it is.”)
Al-Hakim made bizarre pronouncements and orders: Seemingly irrational decrees were issued, including forbidding the consumption of certain foods, restricting women’s movement, especially in finances, and ordering the extermination of dogs because their barking annoyed him.
What al-Hakim resembles is Soviet leader Mikhail Gorbachev in the last days of the Soviet Union. In January 1991 Gorbachev issued a decree a decree, for the following day, voiding all 50- and 100-ruble notes. The declared reason given was “to crack down on black-market currency dealers” (the “shadow economy”). But it was, of course, a result of monetary policy, of the kind described here by Alaister Crooke and others, a response to the kind of problems the US is facing today. Soviet citizens were given just one day to trade in their old notes, prompting angry mobs to descend on banks unprepared to handle the scale of the operations. The “shadow economy” found out before everyone else, cashed in their money, while the public lost their life savings which were in most cases just a few hundred rubles which they had saved up to pay for their burials. This can, and will, happen here.
And now, Donald Trump, in a very short period of time since his inauguration, is following in the footsteps of al-Hakim, which lead to the al-Muqattam Hills, where al-Hakim’s buttoned up frock was found without the body of al-Hakim.
At the same time, some of the Fatimid followers, namely, the Druze, were informed of the secret doctrines of the Fatimids—who were actually not Muslims but Crypto-Manicheans— (Neocons, or Trotskyites—in al-Hakim’s time they were called Qarmatis. They are the most radical of the Manichaeans, the ones who believe in world revolution, or “One World” Globalists). The central secret doctrine was, namely, that al-Hakim was a divine manifestation (or, in today’s secular terms: “transhuman”: in other words, that he was God. This is the secret belief of other crypto-Manicheans today regarding their leaders, such as the Ismailis (the Aga Khan) and the Hassids, who think their Imam or Rebbe is God Himself. To think, as Chabad does, that Schneersohn is merely “Moshiah” is for the un-initiated. Insiders know that their Rebbe is God Himself. But that is an esoteric thing, which the common herd cannot be expected to understand. If you want to get with the program, in its secular form, read Yuval Noah Harari, or the Davos Economic Forum’s “Manichaeism for Dummies.”)
Then, to top it all off, al-Hakim suddenly vanished in 1021. The “official insider news rumour” said he had the habit to wander at night, alone, around the burial grounds of Muqattam, the city of the dead. His frock, all buttoned up with a myriad of small buttons, difficult to open and close, was found—buttoned up— but there was no body in it, suggesting that he was “raptured” out. (“The Rapture”— for those still around at the end of the world— is a doctrine of classical Manichaeism.) The less sophisticated believe he was simply assassinated by Sitt al-Mulk. Who was, either a sister, a half-sister, or his wife, nobody knows. Not even Emmanuel.
But that the erratic Donald Trump—and his times—for the same reasons— resembles Gorbachev and the “mad” Caliph al-Hakim is obvious.
Alastair Crooke should talk about the origin of genocide used by Britain and its extension US, to create their PROXY, Israel, in the stolen land of Palestine to weaken the regional countries to bring the region under control to steal their resources, then use these resources against China.
The gullible people here are fed with lies by charlatan and racists that the head of octopus , meaning the genocidal states, UK-US, are victims of Jews, forgetting that Israel was CREATED by these criminal states as PROXY in the stolen land of Palestine to bring the region and its resources under control of the criminal west led by these two terrorist and genocidal states. Israel without the support of criminal and racist British and Americans CANNOT survive even ONE hour. So, the existence of a genocidal state of Israel is 100% is maintained by these criminals to steal other people resources to be used against China. Then it is our moral obligation to destroy the main enemy of the world. The genocide in GAZA is 100% the work of these two criminal states, UK-US, otherwise it would have been impossible to continue even one more day if these genocidal states were against it. The genocide in Gaza is in the interest of the corrupt and racist elite of BRITAIN and its extension, Americans.
Down with the head of octopus, UK-US, terrorist and genocidal states.
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Jun 3, 2025 The CCP’s Most Feared Day Approaches as Protesters Challenge Authority at Tiananmen
Early in the morning on June 2nd at Tiananmen Square in Beijing, just as the daily flag-raising ceremony was ending, a man dressed in black suddenly jumped over the barrier and ran straight toward the flagpole. Multiple plainclothes officers and guards rushed forward, tackled him to the ground, twisted his arms behind his back, and carried him away face down. The entire incident lasted less than one minute. In the video, it’s clear that the military police and plainclothes officers moved with practiced precision. They had clearly gone through extensive training. Still, one uniformed officer tripped over a rope near the flagpole, making the scene look a bit chaotic.
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BRICS is winning! Two more weeks!
Only if you refuse business to non-whites
Yes be a good worker slave to the kikes and their shitskin pets.
Stop your lies, gullible trumpist, who like your charlatan and conman trump, just vetoed against another resolution for Gaza ceasefire. How DARE, you come here and post your LIES to spread the lies of your genocidal trump, a thief and terrorist who like other american terrorist presidents support 100% the genocide in Gaza to feed you and people like you. Death to US, a genocidal entity.
Shame on you and people like you. Stop your anti china lies and focus on your fucking genocidal assassin and a thief president’s CRIMES against humanity all over the world, idiot.
U.S. Vetoes U.N. Resolution Demanding Immediate Gaza Cease-Fire.
The Security Council resolution also sought the release of all the hostages and the resumption of full-scale aid deliveries.
This clearly shows that the GENOCIDE in GAZA is US policy and will be supported to achieve their criminal policy in the region. Trump is a genocidal assassin and along with Netanyahu, Biden should be arrested, put on trial and executed as war criminals. The genocide business is the policy of the Evil Empire UK and its extension US and as long as the gullible people have not understood this fact, they will focus on the lies of the CIA agents on this site that ‘the jews’ are in the driving seats. This is a LIE spread by the racist and terrorists agent of the UK and US regimes were are ONE.
UK and US are two faces of the same coin where should be destroyed to have a future for our children.
Russia and China supported the ceasefire, but not the criminal and terrorist state of America let by a an illiterate thief and assassin.
Watch the stupid words of the American whores at the UN to justify the genocide because they benefit from killing the Palestinian babies in the hands of their PROXY Israel. The main enemy here is the United savages and its genocidal gullible ‘leaders’ who direct them into their graves through their stupidity.
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The geniuses thought they could break the Russians with sanctions and the war, but Russia may actually be stronger today. The play after the Berlin Wall fell, was to partner with Russia and its enormous natural resources, but instead, they had to try and rape it.
You have missed naming the culprits. They were the oligarchs who were almost 100% jewish and today have been rendered powerless by Putin.
The jew always wants something for pennies on the dollar.
That’s what they did in Germany after the first Great War and did again to the Soviet Union after it’s collapse.
This again will be repeated in the USA.
Enjoy.
Mr. Cook should be saying “City of London” financial dominance, which has worked to destroy the United States.
In order to have a working at full employment and debt free economy, without imperialism, one needs to understand that raw material production comes before money (which is why we are in World War III because this is true).
Thus since one can not eat money, then money must be based, ethically and economically, upon ensuring that raw material production is paid for fairly. When this is done, then the manufacturing and service economies will be fed, literally through food, with sufficient earned income spent into the economy by the raw material producers such that debt created financial instruments to keep manufacturing and service sectors afloat will paired down considerably, making for a working and honest economy.
America’s Agricultural Parity Policy, while on the books relative to FDR’s AAA was not put into proper practice until 1942 and WWII, to which a war effort does not work when farmers are going out of business or forced to farm at the point of a gun.
The Anglosphere has long lived in a jew-constructed (fiat/golden calf/Ponzi voodoo) pseudo-“reality”, no different than the jews and their Judeofascist-paradise Zion false conciousness.
Parasites. Voodoo junkies. Psychopaths.
Antisemitic Christendom/Western Civilization/the principled West was the growing reality for nearly two thousand years until the (((Cousinhood))) got its hooks on the sick, corrupt and warped Angloid “elite”, and birthed Marxist-Zionism/Synagogue of Satanism 2.0
https://www.globalresearch.ca/anglo-american-zionist-empire-source-world-crisis/5877240
This is what is happening to the world: Satanism and voodoo is loosed.
‘China is setting up her own’. you must be a incel, chinese are the most athletic people and pound for on earth unllike you people are slow and clumsy and weak for your sioze a little better than indians
You freedom is a luxury.
One that can no longer be afforded.
China’s CBDC is a clear and present danger to the billionaires’ freedom — just as China limited the freedom of billionaire Jack Ma to damage the financial system of the country (for his personal profit). Ordinary people will notice that their lives have improved.
Because the US in its desperation could initiate a nuclear war that would destroy the US and the world.
Not to disagree with your thesis, but to filter out anomaly due to Covid:
May 2015
2.14% US
3.57% China
May 2025
4.4% US
1.7% China
U.S. has halved its credit worthiness while China has doubled it. Leading to an improvement in comparative advantage in cost of capital by a factor of 4. They had a disadvantage in 2015 and have an advantage now. We should look at this number before spouting off China is dumping its exports to hurt us etc., blah, blah.
Why is China’s system (CIPS) rapidly overtaking SWIFT if nobody wants to use CIPS?
While China’s appetite for oil is large, it is not large enough. Could that be the obvious reason?
Insolvency crisis may be a misnomer for debt that is denominated in our own currency. Best approximation from past history would be high interest rates of 1973-1982 era.
10-Year US Treasury Note Yields during 1981-82:
How about the psychological dissociation of the difference between men and women? How about the zealous devotion to Zionism? How about the religious belief that evolution exists, except between human races?
Yeah, except that these things didn’t and don’t happen by themselves, but have been induced to happen with “a little help from [our] friends,” as the song goes.
Jeffrey Sachs talked about this, and about his role in transitioning East European countries from a Communist to a market economy, as they used to euphemistically say.
He said they had done so successfully in Poland and he went and requested some equivalent loans from the same US.gov for Russia and they told him – no!
Now I don’t exactly trust Sachs for only publicizing this story very recently and for not having gone public with it at the time. Nor for doing a mea-culpa about it now.
Nonetheless, Todd and Crooke should know this back story; but they seem to willfully ignore it, apparently so as not to draw any attention to the unseemly and malevolent interference.
Instead they seem to just set it all in the passive tone like these are just facts of life or due to the force of nature. Just as Western media only refers to the Israel massacre of civilians in a tone normally reserved for devastating acts of nature.
Anyone brainwashed, induced, or acclimated to believe that jews = money/ jews have more money than god/ money is god/ golden calf fiat Ponzi is godly, etc. is going to equate anything the jews and their fiat stooges do with “an act of God”. Hence jew Bolshevicks murder millions? And act of God. Or jew Zionists murder millions? An act of God. Or Marxist-Zionists murder millions via Big Pharma/ Covid “vaccines”/ M-I Complex wars etc? An act of God.
Jesus Christ knows better. And Jesus wants jews and their voodoo stooges gone. And they will be gone, just as night follows day.
You could learn allot by reading writing’s of great men and mind’s, “A fool thinks himself to be wise, but a wise man knows himself to be a fool.” William Shakespeare
The one who refers to others as human garbage thereby tells us more about himself.
Millions of our immigrants don’t fit that description and don’t deserve your ignorant hatred and slurs. Even though i wouldn’t have let most of them into our country either, you’re a typical vicious stupid Fatmerican in needing to insult them to make yourself feel better.
I won’t feel bad when “superior” people like you stay here and go down with the ship.
You and your gullible and genocidal president are fools, idiot. The world is after you and your superiors to be arrested and imprisoned for fraud, genocide and robbery, propagandist.
You clearly do not even know the history you have been living in, and you call me gullible. You need to expand your knowledge and drop the rose colored glasses.
The solution:
Get yourself some Bitcoin
***************************************************
Bitcoin is super-fiat. Bring back the gold standard.
I really enjoy your articles and your interviews on Judging Freedom.
It is bloody frightening out there and everyone in charge seems to be clueless or complicit. Yet, for those do those who are complicit, what do they get out of all of this? Continued dollar hegemony? They could have had it if they did not create this mess in the first place.
Trump did more to arm and expand Ukraine’s military than any other president. It’s his war, and the slaughter in Gaza….
https://sonar21.com/category/guest-contributor/
“…Not to disagree with your thesis, but to filter out anomaly due to Covid…..”
good point, and no matter how we slice it, the conclusion remains:
U.S. has halved its credit worthiness while China has doubled it. Leading to an improvement in comparative advantage in cost of capital by a factor of 4. They had a disadvantage in 2015 and have an advantage now.
well said
Trump is doing no favours for Americans, he’s a deal maker yet he is doing everything he can to see investors cash out of their American holdings.
Europe has readjusted to the new reality, its every man for himself in the collapsing west, to save Americans from hard times Trump should be opening a new clearance house and take what was once Londons and Swiss sources of wealth.
Donald your suppose to be working for Americans, start doing so.
Thankyou I stand corrected.
An interesting aspect is that the Chinese aren’t showing the Imperial pretensions of the prior British or Americans.
Both the 19th century British Empire and 20th century American Empire were combined economic and cultural projects.
The British Empire introduced the English language around the globe and made British Victorian culture a new world aspirational norm. The US version followed along with economic dominance and a new world reserve currency, also cementing the dominance of the English language, US Anglo culture but with stronger explicit military dominance (US bases and carrier fleets).
However, in 2025 no Chinese cultural project is visible.
Countries in the Chinese economic (trading) orbit aren’t speaking Chinese. They aren’t hosting Chinese military bases. They’re not adopting Chinese culture and they’re not being settled by ethnic Chinese. So what kind of Empire is this?
So far Chinese overseas engagement only looks like deal-making to obtain raw materials rather than a search for Imperial dominance.
Wrong. China is building military bases where ever they can.
China, is strong arming it’s indebted colonies to force their schools to teach children Chinese. Countries such as Laos where the Lao people have no interest in learning Chinese. Chinese tourists show up and expect them to speak Chinese because the Chinaman gov has told them they do. But they don’t and don’t want to.
So many Chinamen colonizing Laos, buying everything, that it won’t be long and Chinese will be their language and the Lao people genocided.
China is precisely copying (because that is all they can do) European colonialism.
They are going to need and use their military to take assets of from their indebted colonies when they don’t pay. You watch. When the Africans say, we’re not paying, come and get it. They will.
Mahathir bin Mohamad said:
.
.
White countries should only accept Arab Christians and other minorities like Yazidis and Alawites oppressed by Muslims. The Muslims should be deported back to their countries, starting with the anti-Assad Syrians now that their beloved ISIS leader is in charge.
I would remind you about the fable about the frog in the well. But then I realized that fable does not exist in your culture. Says quite a lot.
You just make things up.
China has one tiny base in Djibouti. Just one. It’s the only such base outside China.
Pakistan would probably love to have a Chinese military base, as that would ensure China’s commitment to defend the Muslim country from the Indians. But there is no such base. (If there were, India would have an even bigger base nearby.) The lack of such a base indicates that China continues to refuse to build one there.
Evidence? You have none of course.
The Confucious Institutes do not constitute cultural strong-arming, as participation is entirely voluntary.
What you claim China would do is exactly what the USA (and India) would do. Shame on you. As Mahathir Mohammed, Malaysia’s former prime minister has said (link), “We always say, we have had China as a neighbour for 2,000 years, we were never conquered by them. But the Europeans came in 1509, in two years, they conquered Malaysia.”
You are lying as usual.
Freedom is not a luxury. It is the only thing that has meaning.
Question: How do you make already bad American delusions even worse?
Answer: You allow Indians to immigrate into USA.
This bugger is living proof of it.
There are different kinds of freedom.
In USA:
1. Freedom to curse your president, though nothing changes after that.
2. Freedom to choose 1 of 2 political parties, though nothing changes whatever you choose.
3. Freedom of speech, unless such speech angers ADL, then you are no longer free.
Or in China
1. Freedom to do what you want because your job pays all your bills easily. In fact you can save 40% of your income.
2. Freedom for your women folk to safely walk around the city at night.
3. Freedom to criticise Israel as much as you want, go to a public park and drink a can of beer without being arrested,
etc
Freedom to swim is meaningless if one hasn’t learnt how to swim.
Freedom to swim is meaningless if one lives in the middle of a desert and/or have no access to a swimming pool.
Before freedom is ability and capability. With enough ability and capability, one’s freedom cannot be taken away easily.
In addition, for religious people, freedom is meaningless before their God/gods. Everything as about God’s willing.
Question:
Do you now have the freedom to think beyond “Freedom is the only thing that has meaning?”
Dollar is the King, right? Wrong.
Can you tell me why not just China but in 2023 IMF for the first time ever issued warning that uncontrollable US debt and U.S. budget deficit not in the future but contemporarily creates real and present danger to US dollar hegemony as a global reserve currency and that already resulted in destabilization of global dollar trade we are experiencing now vastly accelerated by Trump erratic tariffs policies and sanctions against about hundred countries worldwide.
Russia right now conducts non dollar trades with hundred countries, China exclusively conducts non dollar trade with dozens including nearly billion people strong Indonesia. This article states that China uses dollar only in 50% of their global trade, 100% non dollar trade with Russia. Chinese today are testing crypto digital RMB non banking payment system with global reach. Even today not just China or BRICS but Bank of Japan, South Korea, Taiwan and ECB hectically diversifying their currency reserves out of dollar dominance. Why if dollar is so stable and trustworthy.
Can you tell me why few months ago Trump and Bessent explicitly warned all countries that if they abandon dollar in their mutual trade US will retaliate with imposition of 100% tariffs and other sanctions if dollar was so secured and unchallenged in its global position as you claim. Why BRICS that is about to introduce its own global payment system BRICS PAY was named by Trump the biggest threat to US primacy in mid and long term and hence must according to him be dismantled by US, if all is well with dollar.
It’s not, dollar is sinking vs western and global currencies while gold reached $3500 few weeks ago with GS forecast of $4600 next year.
Finally I will address your baseless claim that Russians gave up on Rubel benchmark trading of their oil as suposedly didn’t work. If fact it did work too well as India massively bought oil from Russia with Roubles. For few months of 2022 when Russians insisted that world and EU bought oil for Rubels, Rubel itself skyrocketed from 140 rubels per dollar to 45 per dollar effectively holding up Russian other export trade as priced out of global markets.
That’s why Russian central bank massively tried to devaluate Rubel and when it failed asked government to abandon Ruble benchmarking of oil exports. Now Rubel is stabilizing at 85-95 range. If China does that abruptly results would have been the same so they abandon dollar slowly deliberately not to mess up her own exports.
World doesn’t need dollar, it’s using it as long as some countries need to pay their US dollar debt and it’s convenient, that’s all.
Yes, but would a high rate like that be possible in today’s world? The interest on national debt was nominal at that time and also small compared to annual GDP. We’re paying a trillion dollars a year on interest at this point and it’s accelerating… I don’t see a way out.
-Rooster
Don’t you think that the bond rates are more a reflection of fed monetary tactics than market assessment of risk-reward?
If govt can’t pay programs and/or interest, we see a massive crunch as many and maybe most financial institutions become insolvent which freezes up lending markets and causes runs on banks. Unemployment spikes, people can’t afford basics. It would be like 2008 on steroids. Unlike in 2008, the govt can no longer borrow credibly but prints loads of money to try to shore up key institutions. This part is hand-wavy. We get hyperinflation.
A major policy change has happened at the fed reserve, they’re starting to buy their own debt in large amounts?
Isn’t that like a snake eating itself but instead of the snake disappearing it in fact starts growing longer and longer and the faster it eats the longer it grows.
Feds desired inflation is 2%. But that doesn’t mean Fed will be successful in maintaining that. Hence, market is assigning low probability of success to Fed compared to China’s Central Bank. They (bond market) know, our debt arithmetic will not allow us to maintain that 2% norm as the Fed will be forced to pursue Quantitative Easing when the bond market fails to purchase all the debt offered.
High rates will be necessary when inflation spirals out of control. When that happens, the government will be forced to greatly diminish spending and increase taxes. There is no escaping that. It will be a Hobsons choice. Anyway, these rates are short term rates set by Fed. Long term rates are set by market and will always be equal to inflation rate plus true cost of funds.
Isn’t that like a snake eating itself but instead of the snake disappearing it in fact starts growing longer and longer and the faster it eats the longer it grows.
Doesn’t Compute. I think a snake that eats itself will eventually become a ball.
Those whom the gods wish to destroy they first make mad – Euripides
I doubt that the family of the man at his rally who was killed would agree that the assasination attempt was phony.
i didn’t say his assassination was phony, they made a martyr out of him to sell the whole event. he was targeted and killed by the real assassin not the sperge patsy.
Let me put it in another analogy, a dog chasing its tail will never get there no matter how fast its runs, a snake eating itself should disappear (debt) as the joke goes, the American debt doesn’t disappear but keeps growing the more the fed buys.
There are more reports of the devaluation of the American dollar on world markets, has the Americans finally realised that the days of being the world currency are over and are deliberately devaluing the dollar to be more competitive and re-industrialize on home soil?
Glory be to those that survive the wrath of the gods – Anonymous
“I say that ye are gods”
– Psalm 82:6
That’s a good one.
Here’s one of my favorites:
“God became man, that we might become gods”. – St. Athanasius of Alexandria
It was phony because they were aiming for him, not Trump.