A CORRER, A CORRER QUE EL DOLAR SE VA A JODER
Lo dice un Americano, Dr. Paul Craig Roberts
que fue
Assistant Secretary of the Treasury for
Economic Policy (during Reagan term)
and
is now associate editor of the Wall Street Journal.
Leamos los extractos que aquí les dejo. Tomado
de “AMERICA: As Ye Sow, So Shall Ye Reap”
Por Paul Craig Roberts / The 4th Media News | Saturday, October 26, 2013.
Introduccion
por Hugo Adan, octubre 27, 2013
La tesis
central de Paul Craig Roberts es que: “the US has lost economic and political
power, and that loss is irreversible”.
Si creo que la caida es irreversible, pero tambien creo que el alarmismo exagerado es inservible. Estamos frente a pesimismos de conveniencia en algunos casos (los que crean alarma para vender oro falso) y en otros, del ritual a un mito que desde hace mucho tiempo se predica. Para mi ningun problema nace sin solucion y estoy seguro que las "inteligencias" van a encontrar alguna solucion al problema que crearon: me refiero a una caida suave, no aparatosa.
Algunos de estos ya dijeron que la caida de este imperio nada tiene que ver con Roma ni con la Rusia de Gorbachev ni Yelsin. Lo que aqui vamos a tener es una transicion similar a la britanica (poco a poco). Otros hablaron de caida elefantiasica, 1ro el animal deja de caminar, arrastra las patas para al final no levantarse.
A mi mas me gusta la metafora del Titanic. En esta transicion las 1ras ratas que abandonaran el Titanic van a ser los mas ricos, los menos americanos de hoy. Las capas medias y el pueblo se las arreglaran para crear un nuevo sistema. Asi que hay imperio para rato, salvo que el Titanic choque con un tempano "nuclear", entonces y solo entonces la guerra aceleraria la caida rapida.
Mientras tanto, se trata de ayudar a organizar la independencia ideologica, politica y economica del pueblo frente a los grandes banqueros y las grandes corporaciones (los duenios del pais) que se sirven de democratas y republicanos, a los que financian por igual. La posibilidad de armar una alternativa democratica: un Frente independiente frente al "dirty couple", esta ya en camino, pero la trampa electoral (la alternancia entre democratas y republicanos, que en esencia son lo mismo) es un hecho realmente existente que solo se puede desmontar CREANDO el FRENTE CON UN PROGRAMA Y PLAN DE ACCION TRABAJABLE EN EL CORTO PLAZO. Esto es lo que preocupa hoy, el actuar localmente sin perder de vista lo global.
Aqui va el art de Craig Roberts, con partes descriptivas de la actual crisis que son interesantes. Lo que viene en double brackets es mio. Abrir:
http://www.4thmedia.org/2013/10/26/as-ye-sow-so-shall-ye-reap-chickens-come-home-to-roost/
[[LOS PAISES DEL BRICS SE
ALISTAN PARA SALIR DEL DÓLAR]]
The BRICS (Brazil, Russia, India, China, South Africa) are taking steps to
create their own method of settling trade accounts in order to protect
themselves from the looming dollar implosion,
China has forcefully called for a “de-Americanized world.” After watching
the “superpower” offshore a large part of its GDP to China and then add to the
diminished tax base the burden of $6 trillion in wars that brought no booty and
served no US interest, China has concluded that American power is spent.
The London
Telegraph thinks “it is only a matter of time before the renminbi replaces the
dollar as the primary currency for trading commodities and resources.”
The Obama regime attempted to attack Syria based on the sort of lies that
the Bush regime used to invade Iraq, only to be slapped down by the British
Parliament and Russian government. This rebuke was followed by the childishness
of the government shutdown and threat of default.
Consequently, the Washington morons have lost
their monopoly on economic and political leadership.
A few days ago the
British government announced a historic agreement that
permits British investors direct access to China’s markets and allows Chinese
banks to expand their operations in Great Britain.
In Australia, the US dollar will no
longer be used as the currency in which to settle the Australian trade accounts
with China. Instead
of dollars, trade will be settled in the Chinese currency.
This means that
the US dollar is being displaced as world currency. The only
market that America dominates is the market for financial fraud.
When industrial, manufacturing, and tradeable professional service
jobs are offshored, they take US GDP and
tax base with them. The foreign country gets the benefit of the relocated
economic activity. Due to the revenues lost from jobs offshoring, there is a
large gap between federal revenues and federal expenditures.
As Washington’s irresponsible behavior has raised so many doubts about the
dollar’s value and the government’s commitment to stand behind its massive
debt,
foreign
countries with trade surpluses with the US are less and less willing to recycle
those surpluses into the purchase of US Treasury debt.
Today the two largest holders of US
Treasury debt are not investors or even foreign central banks. The two largest
holders are the Federal Reserve and the Social Security Trust Fund.
As for those
$6 trillion wars, that’s to pay for national defense to protect us
from women, children, and village elders in far away countries devoid of air
forces and navies, and to provide those recycled taxpayer monies from the
military/security complex that find their way into political contributions.
Obamacare is causing
the premiums on private insurance polices to
rise substantially,
almost doubling in some situations unless people move to the uncertain
exchanges, and
Obamacare’s raid on
Medicare payroll tax revenues has
resulted in a cut in Medicare payments to health care
providers. The result is a further reduction in consumer discretionary income
and a further drop in the economy. This in turn means a larger federal
budget deficit and the need for the Federal Reserve to purchase more debt.
Another reason the Federal Reserve is faced with increasing, not tapering,
quantitative easing (money printing) is
the decline in foreign purchases of US Treasury bills, notes,
and bonds.
According to reports,
not only are foreign governments, such as China, ceasing to
buy US Treasury debt, China has started to sell off its holdings, substituting
gold in the place of US Treasury debt.
This means
that the bonds must be purchased by the Fed or interest rates will rise as the
increased supply of bonds on the market drives down bond prices. The only way
the Fed can purchase a larger supply of bonds is by printing more money, that
is, by more quantitative easing.
With the
world moving away from using the dollar to settle international accounts, as
the Fed prints more dollars the rate at which foreign holders of dollar assets
sell off their holdings will rise.
The selling
of dollars drives down the exchange value of the US dollar and results in
rising US inflation. The Fed can print money with which to purchase Treasury
debt, but it cannot print foreign currencies with which to purchase dollars.
The decline in the dollar’s exchange
value and the domestic inflation that results will force the Fed to stop
printing. What then covers the gap between revenues and expenditures? The
likely answer is private pensions and any other asset that Washington can get its
hands on.
Initially, private pensions will be taxed at a rate
to recover the tax-free accumulation in the pensions. The second year a
national emergency will be used to confiscate some share of pensions. Those
relying on the pensions will find themselves with less income. Consumer spending
will decline. The economy will worsen. The deficit will widen.
You can see where this is going, and there seems to be no way out.
Policymakers, economists, and corporation executives are in denial about
the adverse effects of offshoring, which they still, despite all the evidence, maintain is good
for the economy. So nothing will be done about offshoring.
Republicans
will blame the budget deficit on welfare and entitlements, and if those are cut
consumer spending will decline further, widening the budget deficit. Inflation
will rise as incomes fall, and social cohesion will break down.
Now you know why Homeland Security
purchased 1.6 billion rounds of ammunition, enough ammunition to fight the Iraq
war for 12 years, has its own para-military force and 2,700 tanks.
If you think the “terrorist threat”
in America warrants a domestic armed force of this size, you are out of your
mind.
This
force has been assembled to deal with starving and homeless people in the
streets of America.
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