By all appearances notes SHTFPlan.com’s Mac Slavo, President Trump is doing his damnedest to turn around the economy, revitalize jobs and bring back prosperity. But the larger trends are already in place; the cycle is turning, and the bust cannot be put off forever.
Federal Reserve policy has literally set the country up for collapse, and though the central bank has been very creative in making the impossible work, and putting off disaster, nothing can hold back the flood forever.
Unfortunately, it looks like Trump may be blamed for a financial crisis that he didn’t cause. Analysts, including notably Brandon Smith, may be correct in pinpointing the attempt to use the new and highly controversial president as a scapegoat for the dirty work of the bankers.
The conditions are there, and the consequences were built in when the bubble was still being pumped up. Someday it will burst. When, how, and how bad remains to be seen.
If former Rep. Ron Paul (R-TX) is correct, an Economic Doomsday is here. The second financial bubble is going to soon burst, and there’s nothing anyone can do about it. That’s because, as Paul stated, the Federal Reserve has set up the American economy for financial collapse for printing trillions of dollars back in 2008 and 2009. Continue reading →
Since the end of World War II, U.S. policy toward Europe has drifted, without deliberate thought, far from its initial premises—while Europe itself has changed beyond recognition. It is time that the U.S. recognized this fact. The incoming President should direct the National Security Council (NSC) to oversee a comprehensive study of U.S. policy toward Europe, a study to be based on the enduring American interests in Europe, the lessons of the post-1945 era, and on the new facts of Europe that have emerged since 1989. Continue reading →
Last week at the Naval War College’s annual Current Strategy Forum, several speakers likened China’s policy in the near seas to U.S. policy in the Caribbean and Gulf during the heyday of the Monroe Doctrine. (Why hadn’t someone thought of that before?) One asked: “Why can’t China have a Monroe Doctrine?” He answered his own question: “Because it’s China!” Implication: the United States and its Asian allies deny China the special prerogatives America enjoyed during its own ascent to great sea power. To do so is apparently the height of hypocrisy, if not an exercise in threat-mongering.
The trouble with this view is that no one denies Beijing influence over its surroundings. Great powers wield such influence as a matter of course. But the kind of influence matters. China has given fellow Asian powers ample grounds to worry about how it will use the armed forces it is busily assembling.
The contrast with U.S. history is striking. Far from being a writ for American meddling, the Monroe Doctrine was popular in Latin America for decades following its inception. Why wouldn’t it be? It was a declaration that Europeans could keep their holdings in the New World but not expand them. It was a kind of ratchet. Once Latin American republics had wrested their independence from the great empires, it was permanent. Washington vowed to construe any effort to restore imperial control of American states – whether direct or by proxy – as an unfriendly act toward the United States. Few in Central or South America objected to a strong neighbor’s guaranteeing their independence against extraregional predators.