16
Jun

The American Empire Is Bankrupt

   Posted by: admin   in Economic Collapse, Peak Oil

Dmitry’s new article “Definancialisation, Deglobalisation, and Relocalisation” is a must read for those interested in how to communicate the order of things to others who are less interested……….. at least for now.   Dmitry Orlov also he has the practical experience of the Soviet collapse to draw from.

Here is an excerpt…..

The American Empire Is Bankrupt

“This week marks the end of the dollar’s reign as the world’s reserve currency.  It marks the start of a terrible period of economic and political decline in the United States. And it signals the last gasp of the American imperium. That’s over. It is not coming back. And what is to come will be very, very painful.

Barack Obama, and the criminal class on Wall Street, aided by a corporate media that continues to peddle fatuous gossip and trash talk as news while we endure the greatest economic crisis in our history, may have fooled us, but the rest of the world knows we are bankrupt. And these nations are damned if they are going to continue to prop up an inflated dollar and sustain the massive federal budget deficits, swollen to over $2 trillion, which fund America’s imperial expansion in Eurasia and our system of casino capitalism. They have us by the throat. They are about to squeeze.

There are meetings being held Monday and Tuesday in Yekaterinburg, Russia, (formerly Sverdlovsk) among Chinese President Hu Jintao, Russian President Dmitry Medvedev and other top officials of the six-nation Shanghai Cooperation Organization. The United States, which asked to attend, was denied admittance. Watch what happens there carefully. The gathering is, in the words of economist Michael Hudson, “the most important meeting of the 21st century so far.”

Read the rest at ………… “The American Empire is Bankrupt” by Dmitry Orlov.

This entry was posted on Tuesday, June 16th, 2009 at 11:52 pm and is filed under Economic Collapse, Peak Oil. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

3 comments so far

 1 

That is an absolutely brilliant article that resonates deeply and makes so much sense, thank you 🙂

December 16th, 2010 at 2:07 am
 2 

Thanks Neeta, I am constantly amazed that people find this hard to believe when I talk to them about it. There are many illusions of the ‘recovery’ that is being touted in US economy. I have my serious doubts but guess only time will tell.

December 16th, 2010 at 5:27 am
 3 

Most people choose to live in denial of “what is” and letting go of the illusion of “security” is very hard. And “recovery” is being touted here in Europe too – all I see is the re-covering of the truth, once again.

December 16th, 2010 at 8:58 pm

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