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CHINA, RUSSIA, AND THE US DOLLAR

Well folks, what I and others have been warning about – the inevitable backlash from the rest of the world to US-led attempts by the West to create a “unipolar” world – have reached a new pitch it seems, and it is being noticed by others:

China And Russia Are Ruthlessly Cutting The Legs Out From Under The U.S. Dollar

What is notable here is something I have mentioned before: Germany, and the recent decision by both Germany and China to conduct their bilateral trade in euros and yuan, and to bypass the dollar completely. This accompanies growing concerns in Germany between members of their government, who are calling not only for an audit of Germany’s gold reserves held by the US Federal Reserve System, but in some cases, for actual physical repatriation of their gold to that country. This has led, as I have noted previously, to growing tensions between the agencies responsible for accounting German government transactions, and the Bundesbank itself.

But note here the key point the article makes: if you expect the end to the dollar’s reserve currency status, what do you do? You hoard gold, and, as the article notes, this is what Russia and China – and particularly China – have been doing. China, as I and regular readers on this site have been tracking, has been buying gold bullion at an enormous rate.

However, there’s a problem, and I spoke to it in my last News and Views From the Nefarium: just how much gold is there, really? This is an answer that no one – at least as far as I can tell – seems to know. And as I have suggested in my numerous articles and videos on this site, the whole Bearer Bonds scandals suggest or imply something very significant: (1) one does not counterfeit what does not exist, and (2) this in turn suggests much more bullion exists than is publicly or officially acknowledged.

And if that be the case, the the strategy of hoarding may backfire, for if a large amount were suddenly released on the market, the price, of course, would fall…

The response to this, of course, is unthinkable…

See you on the flip side…

 CHINA, RUSSIA, AND THE US DOLLAR Joseph P. Farrell (2212 Posts)

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".

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43 Responses to CHINA, RUSSIA, AND THE US DOLLAR

  1. Ilja, that was interesting. But are you aware that American presidents are selected and not elected now, and have been for some timo.

    If America had remained “a beacon of freedom” and also stayed out of the affairs of the rest of the world she would still have been admired, Now she is hated by much of the world and for good reason.

    Are all Russians “lumpen” in your opinion? And on that basis voted for Putin?

  2. “this in turn suggests much more bullion exists than is publicly or officially acknowledged.”

    The largest gold stockpile in the world’s is the Tsy’s 8000 tons. Then there’s the small matter that the US Government has had the ability to create synthetic gold since at least 1948.
    http://blog.modernmechanix.com/us-alchemists-make-gold/

    Joseph, if you haven’t already, check out Michael Hudson’s Super Imperialism.
    http://michael-hudson.com/books/super-imperialism-the-economic-strategy-of-american-empire/

  3. @DaphneO:

    I’m not putting down Russia. There is much to love about this culture and country. But it cannot lead the world and the currency is undesireable, even by its own people.

    American leadership is corrupted, no doubt. But it’s all a matter of degree. The US is corrupted to a lesser degree than the other major powers. That’s all that is necessary. I don’t equate “having it good” with “evil.” America has “had it good” because its very charter is egalitarian and spiritual in nature. This has drawn the brightest and most dynamic minds from all over the world for over 200 years and this is still happening. Ask almost any ambitious Russian or Chinese whether he’d prefer to be a US citizen — I’ll lay you 5-to-1 that he would scream “Yes!” at the top of his lungs. If you disagree with that point, perhaps you haven’t had actual, intimate contact with people from these countries (as I have).

    There are good reasons that people want to emigrate here and these reasons won’t vanish into the ether.

  4. I’ll add this: Everyone in Moscow who does any executive, “yuppie”-type job is getting paid in US Dollars. The political class of Russia doesn’t want the rouble.

    • Thank you Pseudo. Perhaps what I am really looking for is the time when we have no unipolar monopoly. When no country forces its will on others, which unfortunately the US has done for many years, usually at great cost to that country.

    • Pseudo, I am a new member of this site and I’m working my way through Dr Farrell’s member videos. Just listened to video 108 and found he expressed a lot of what I am trying to say.

      I am also wondering, just for interest, if your time in Russia was spent in the city or the country. Russia has interested me enormously since I sought out and read several out of print books on its history, both pre and during the revolution.

      However, I agree totally that Russia is not capable of ruling the world, and nor China. I would just add America to that list.

      • Daphne, having been to Russia (“country” in your terminology) many times, visiting my relatives, I would add that what Pseudo noted concidering Russian officials greed for being paid in bucks (or euros, but the latter still has less prestige in Russia than beloved greenbacks ) and not roubles falls into the whole of this country.

      • Everyone all over the world wants dollars, and this will continue to be the case. In a world of untrustworthy governments and currencies, dollars are the least untrustworthy.

        Again, there are good reasons for that. No other country has a regulated banking system like ours. Sure, you can call it a corrupted joke, but the fact is that the civil code, such as it is, does apply some limits to the childish, greed-based consciousness of many of the worst players on Wall Street. Many of them actually do consider whether their actions are illegal and the law does dissuade some of them from certain pathological behaviors. All of my friends who work on Wall Street have consciences that guide their behaviors. They are not the “heavy players” (like hedge fund traders), because I could never be friends with people like that. But Wall Street is made up of mostly smaller players who have moral codes. Only 1 out of 10 is a sociopath, according to the latest study. That leaves 9 relatively honest people.

        You could argue that Canada has a superior and more trustworthy economy than ours. Heck, Canada looks like a utopian society when compared to the US. They can go to the doctor for free, woo-hoo! But take a look at who’s on the currency — the Queen of England. Canada is a wholly owned subsidiary of the UK. Some Canadians understand that and resent it. The Quebec Province is almost continuously embroiled in a secession dispute that draws their energy away from progressing their society. Canada takes care of its people on a dull, material level but it’s trapped in a socialist monarchy. Nothing dynamic can happen there. There are plenty of European countries that are stifling their people with monarchies masked as Socialism, but at least in Berlin (for example), there’s some energy that allows people to create great art. Nothing like that in Canada.

        Why do ambitious, dynamic people — the kind of people that invent things and push consciousness forward — kill themselves to come to the US? Think about it. No amount of Internet chatter, nor academic theorizing, nor balderdash from the media, nor companies demoting the US on their web sites, nor debasement of the US dollar, nor Wall Street corruption scandals, nor Diebold-corrupted elections, nor compromised Supreme Court Justices — no amount of any of that can break the spiritual back of the country.

        The only way to break the US would be if a President declared himself Dictator and the US Constitution was publicly burned in a ceremony attended by all major corporate, political, law enforcement, judiciary, and military leaders. It’s the stuff of science fiction. I’m not saying it can’t happen, but I am saying that it won’t. It’s too late. The “cat is out of the bag” and it can’t be stuffed back in. Human beings must and will progress. Craven Nazis releasing mass epidemics (for example) keep failing for a reason. GMO foods will fail, too.

        (The fact is that human beings don’t need to eat. If they try to kill us with poison food, we’ll evolve our way out of it.)

        As for Russia, ILJA confirmed what I said, and then some.

        • Pseudo my folks immigrated to the U.S. when I was a kid. My dad has always venerated this nation and his chance to get a second chance in life. I do understand from his passion why foreigners yearn to come to the U.S.

          However while not writing an epitaph just yet I think it’s later than you think and that in a few years much of what you say will belong to the bin of anachronism.

          Our proletariat society and constitution are eroding at an alarming rate right before our eyes. You suggest that the U.S. could only fail by overt display like “the president declaring himself a dictator”, etc. I submit that subterfuge is a lot more effective means for the PTB to take over a society. QE3 was invoked uncontested by our congress and nary a word in the media yet it is an imminent catastrophe and economic death march. Day by day we’re just sinking ever deeper into the fiscal quicksand. It’s entirely plausible that by the time the corporation of the U.S. reaches insolvency and martial law is declared not one insurrectionists gun will been fired and the masses will never know what hit them.

          • Pseudo, just wanted to say many here in America would agree with with the idea that events are spiraling out of control and many here are thinking of heading to safer waters (with their Federal Reserve Notes of course).

            I will stay.

  5. “And if that be the case, the the strategy of hoarding may backfire, for if a large amount were suddenly released on the market, the price, of course, would fall…

    The response to this, of course, is unthinkable…”

    Well, what IS the response??? Do you mean war?

  6. Ok, I’ve read all the posts here and some of them are very true.

    But what I’m waiting for is the good Dr. Farrell’ sequel to Babylon Banksters, and I admit it sounds like it may be an exercise in comparing the “old” financial times with the new.

    Nevertheless, I’m sure that most of the folks who come here are salavating as I am.

    Oh, I forgot to ask, WHATS THE TITLE, any guesses anyone ????

  7. Dr. Farrell, it was your site that turned me on to the Segrave’s fascinating book, “Gold Warrior.”

    If the author’s conjecture is correct–that the USG, Marcos, and the Japanese gov’t have repatriated about 200,000 tons of the hidden IJA gold since the 1940s–than the present worth of 32,000 tons of central bank gold, and the 138,000 tons of other gold (computers, jewelry, teeth, coin, etc.) is inflated by about twice as much as it should be, if it is strictly priced as a commodity.

    I think it is amazing that we humans do not know just how much gold exists in our mortal hands. One would think we would have that amount down to the ounce. Just shows one how fragile our hold is on our own civilization.

    Thanks again for all your books. They are a fascinating exploration into the hidden recesses of our mysterious world. I look forward to the next one.

    lordofthehundreds.wordpress.com/2012/06/26/wow-thats-a-lot-of-gold-goldenlily-antigravity-shtf/

    • Of course, I should add that the 170,000 tons of gold I wrote about is only a guess. A huge, gigantic WAG that only finds its validity because there is nothing out there to rebut it.

      • Finally, “for your examination,” one unexplored reason behind China’s gold buying spree is that they would like their stolen property (5,000 years of collected gold extracted from them between 1931-1943 by the IJA) returned to them.

        And if they reobtain their gold by selling soon-to-be worthless US Treasuries, so much the sucker for falling for them.

  8. “the strategy of hoarding (gold) may backfire, for if a large amount were suddenly released on the market, the price, of course, would fall…

    The response to this, of course, is unthinkable…”

    or not- just my own personal, cheap 25 cents opinion but it might be part of the strategy-

    people are now being highly encouraged to buy precious metals as security (only one problem: one can’t EAT precious metals)-

    so IF the market is suddenly flooded by gold and the price of gold suddenly plummets way below what one originally payed for it and then add what happened in 1933 (deep breath):

    the new Roosevelt administration required people to turn in their gold for paper money-

    nothing is unthinkable- history tends to rhyme- but let’s hope there are now poor poets out there and this previous libretto will never happen again

  9. The DXY index, an index that measures the relative strength of the U.S. dollar verses a weighted basket-of-currencies with some of its more prominent trading partners not including China, has seen the dollar fall 6% in little over a month. Whereas there is an ebb and flow in the currency markets this is a huge drop in valuation in a short time although the bigger question is whether the trend will persist. And the market seems to already have digested Bernanke’s latest gesture, the 40 billion monthly bad mortgages buyback from banks by The Fed. Coupled with the impending end of the Bush tax cuts, the failure of the Super Committee to find a way to reel in the deficit and the trillion dollar budget cap and one has to wonder what other tricks still remain to parlay the inevitable demise of the dollar.

    A discussion of the value of gold should include not only matters regarding abundance (supply and demand) but also liquidity and due consideration of relative value. Liquidity involves two basic arenas or activity. First as a means of barter and exchange for goods or services and secondly how easily can one unload their holdings even when they are willing to accept less than the going rate during a “quick sale”. Needless to say, bars of gold even “mere” 10-ouncers are problematic. And if gold were to shoot up through the stratosphere to double, even triple its present cost because of either a global panic or hyperinflation does one want to accept a rapidly declining currency in exchange during a sale?
    And at that point even a one ounce coin could cost somewhere 5000 U.S., hardly an instrument of barter which would find more usefulness in denominations of 1 gram considering it would then cost upwards of $150.- per.
    A useful example of relative value might be how much gold does it take to buy a house. If real estate is still in a slump while gold keeps inching upward one might decide to buy the real estate before the trends in both markets reverse in an attempt to maximize the buying power of the gold.

    Gold bugs often tend to be myopic ignoring the fact that what soars rapidly can also descend even faster. In other words, it might be hard to unload their holdings for “market value” in a volatile market. Even the buy and hold forever types get a lump in their throat when in a very short time their assets have plummeted to a fraction of it’s former value.

  10. On this “game” of currency being writ globally, there exists a “master”. This entity is ancient. Whether its lineage is passed through writings, vocally, or some other means, it is simply unparalleled in strategies & implemenation. This “gold” & the subsequent geopolitical allignments on not based on chance at all or in any sense of the word. They have been orchestrated.
    The trick is to “see”:
    the trees for the forest,
    to read the tea leaves,
    to see the method in madness.

    It has a certain appeareance of foreboding that…?

    …must somehow be stopped in “it’s” tracks.

  11. Dr. Farrell, please excuse my out of topic question: are you aware of the alleged energy generating pyramid in Alaska, being investigated by Linda Moulton Howe?

    It belive that it might be most pertinent, considering the main body of your work.

    Thank you.

  12. It could well be that harder times are coming for the US. But there won’t be any sudden and total collapse, more like a gradual winding down. Americans will wake up and get it together, maybe in 5 years, when it becomes apparent that robotics and 3D printing are going to replace half of the workforce.

    Meanwhile, in Russia, as I know from first-hand, personal experience, there is no functioning civil society and no rule of law. Russians cannot be trusted to pay on time, if ever. The culture suffers from laziness, pervasive negativism, and lack of will. (Run over a child in the street and kill him? No consequences. Murdering rivals in broad daylight? Now you’re the Mayor.) Russia’s population is dropping year-over-year as its people flee the country. Alcoholism kills the average man before the age of 60. Russia can never lead the world and certainly could not manage a reserve currency in any viable, trustworthy way. Everyone in diplomatic circles knows it.

    China is a behemoth. But it functions as a slave state, a brutal dictatorship. The Chinese are not going to tolerate it forever. Change is coming for China as well. Culturally, the Chinese operate in an insular, almost hermetic manner, virtually impossible for Western people to penetrate and comprehend. The Chinese upper class is arrogant, racist, and contemptuous toward non-Chinese, which permits them to ship inferior, unregulated trash to the rest of the world. Would you eat any food shipped from China? I wouldn’t.

    The US has allowed a Fifth Column into the corridors of power. But not everyone has been compromised. Every day, there are progressive judicial rulings here in the US that would be impossible in the BRICS world. Let Russia and China buy their gold and make their deals. Until those peoples bring moral, legal, and ethical standards into their societies, the world is not going to voluntarily hand over leadership to them.

    • Something I found out about China recently is that they actually have lots (LOTS!) of BILLIONAIRES !

      This is so sad . . . . . .when so many MILLIONS of Chinese work for so litttle . . . .

      How could that happen in “communist” china?

      The longer I live, the more obvious it is for me that the greatest hoax on this planet is the idea of a “battle between good and evil.” Because ALL sides seem to me, to be EVIL. The battle is always between EVIL and evil.

      There is no good side that I can see.

        • In that regard Max Weber memorably remarked that the decsive means for politics is violence. He also added that the world is governed by demons, and that he who lets himself in for… power & force as a means, contracts with diabolical powers; and for his actions, it is NOT true that good can follow from only good, and evil from only evil, BUT that the opposite is true.

          Anyone who fails to see this, is, indeed a political infant.

    • The Westerners I know who have lived in China find it freer than the US – and the government responds to public sentiment a fair bit. It’s the US that is the brutal dictatorship, perhaps. What is wrong in China is corruption and local property issues, which resembles theft at times.

      Americans getting it together in 5 years sounds incredibly optimistic. They may wake up, depending upon the amount of sedating chemicals that are put in the work camps.

      • @Ozawa
        Hm, do you call shutting down the Internet when there are riots in the streets, Chinese “governmental freedom?”

        A government that allows millions of its people to be subjected to slave-state work camps for Western corps. is “responding to public sentiment?”

        A completely controlled internet? Vital organs snatched from plebes and handed over to party officials? A single-minded, one-party government with a hard-core philosophy? Execution for corporate fraud?

        The US has serious social and political problems right now. I won’t deny that. And maybe 5 years is optimistic. But we are still the only country in the world with egalitarian declarations on paper, and guaranteed human rights for all. The degree to which we are enforcing that these days is open to argument. But the words are there, on paper, and that has great spiritual and moral power. No other country has ever come close.

        • Not surprised to read this sort of same old “anti-China” (or one could argue “somehow “anti-China” in America is “American”) from Americans. Its part of the American “psyche”, the core of that psyche is to uphold the belief that “America is the best and number one”, that’s the reason Russia and China are both the target, virtually anyone who may pose as a “challenge/threat” to the USA would trigger that “American centrist” mentality. (not to say the Chinese or the Russians are not “centrists”, everyone is to a certain degree, “self-interested” and “self centred”, that’s “just human nature”.

          [quote]”A government that allows millions of its people to be subjected to slave-state work camps for Western corps”[/quote]

          Not long ago, when Russia and China were labelled by Anglo-American elite’s mouthpieces as “the new authoritarian axis”, Dr Joseph rightly pointed out in one of his articles that the thing right now is “democratic nations” like India and Brazil are gravitating towards that “axis” as well. So there is more to “ideology based” rhetorics about the “rise” of this “axis”.

          Speaking of “third worlders” working at “slave camps” for Western corporations, i suggest you watch/read some of Norm Chomsky’s interviews with Indian activist Arundhati Roy. Perhaps you will see the core of the problem for the world and mankind as a whole is that it’s not so much about “west” vs “east”, or “America vs the rest” or “democratic vs authoritarian” when it comes to reality of globalization which Alex Jones have been lovingly calling those Western elites as “globalists”.
          Michel Chossudovsky has a book about “globalization”.
          http://www.amazon.com/exec/obidos/ASIN/0973714700/gizdeasta-20/

          But the real danger about those Western elites is they may have other agendas that’s very likely beyond average person’s imagination and beyond the sake of America.

          Say Peter Levenda’s insights into the “secret space program”, which he has argued that the same hidden force was behind both the Soviets and the Americans, that the “cold war” which was to a certain degree based on “ideology” was a “distraction” from something that is much bigger and “hideous” for the average folks to comprehend.

          So regardless of these nations being “democratic” or “authoritarian”, the fact is both India and China have “slave camps” for “western corps”.

          The point is, sometimes certain “stereotypical” and “vocal” viewpoints could be challenged by “intellectually” and “scholarly” studies.

          “Q: The Chinese Communist “government” has murdered MILLIONS of their own people…”

          [quote]“But there are plenty of atrocities in the world, and a lot of them trace right back to us. And a lot of them aren’t even counted. Let me give you an example that isn’t counted. You’ll remember, I’m sure, a book that came out and was a big best-seller about a year ago called The Black Book of Communism. There were prominent reviews in the New York Times, all over the place. It was a translation of a French book, which estimated the number of people killed by the Communists at one hundred million. Well, without quibbling about the numbers, let’s say that’s right.

          The biggest component of that was a famine in China from 1958 to 1960, which is estimated to have killed about twenty-five million people. The reason why that’s called a political crime – an ideological crime – which is a good reason in my opinion, was discussed in most detail by Amartya Sen; it’s part of the work for which he won the Noble Prize. Sen is an economist who treated this as an ideological crime for good reasons. He said it wasn’t a matter of intent; they didn’t intend to kill anybody. It’s just that the ideological institutions were such that it happened. It was a totalitarian state where no information about what was happening ever got back to the centre. They couldn’t take any action because that’s what happens in a totalitarian state. So it was a reflection of the totalitarian institution, a huge massacre that wasn’t intended. They didn’t intend to kill twenty-five million people, but it was still a major massacre, and it’s correct to call it one of the major atrocities of the twentieth century, and the worst single component of the crimes of Communism. That’s accurate.

          That bears on your question of intent. But that’s only half the story. If you look at Amartya Sen’s work, for which he won the Nobel Prize and for which he’s famous academically, he studied famines and the conditions that lead to them. And as a major part of this, he compared India and China. Of course, India, while it was under British rule, had huge famines all the time, with tens of millions of people dying, but nobody counts that among the crimes of British imperialism because. Again, when we do it, it’s not a crime.

          But starting from independence, as Sen points out, India had plenty of starvation, but it didn’t have major famines of that kind. From 1947 until the time when he did the work for which he won the Nobel Prize, around 1980, there were no major famines. He compares that with China, which did have this one major famine, and he points to a difference in institutions between the two countries. In India, which was democratic, if information appeared about hunger somewhere, the central authorities could do something about it, so there weren’t major famines.

          That’s part of what he wrote. That part is known all over the place. But then he continued. Here’s the rest, from the same articles and the same books, but not known. He then said, Well, let’s compare the death rates in China and India from 1947 until the time he wrote.

          They were approximately the same around 1947, similar countries, and so on. The mortality rate started to decline in China pretty sharply; it stayed very high in India. And he regards that as an ideological crime, too.

          He says the difference is that China instituted rural health clinics, preventive medicine for the poor, and so on, and this led to a significant improvement in health standards, so you get a decline in mortality rates. India didn’t.

          It was a democratic capitalist country, in which you don’t do anything for poor people. And he then points out that if you take a look at the difference between those curves, let me just quote him, he says, “India seems to manage to fill its cupboard with more skeletons every eight years than China put there in its years of shame [1958-61].”

          That comes to about one hundred million people in India alone from 1947 to 1980. But we don’t call that a crime of democratic capitalism. If we were to carry out that calculation throughout the world… I won’t even talk about it. But Sen is correct; they’re not intended, just like the Chinese famine wasn’t intended. But they are ideological and institutional crimes, and capitalist democracy and its advocates are responsible for them, in whatever sense supporters of so-called Communism are responsible for the Chinese famine. We don’t have the entire responsibility, but certainly a large part of it.

          So, yes, if you count crimes, it’s an ugly record, but it’s only the enemy’s crimes that count. They’re the ones that we deplore and agonize about, and so on. Our own, which may be monstrously worse, they just don’t enter into our field of vision. You don’t study them, you don’t read about them, you don’t think about them, nobody writes about them. We’re just not allowed to think about them, and if we agree to that, that’s our choice.”[/quote]

          Page 77-80, quote from Noam Chomsky’s “Power and Terror – post 9/11 talks and interviews”

          BTW, personally, i do wish America remains as a powerful and prosperous nation (and i think it will certainly be), as long as the world no longer need to worry about American militarism (i suggest you go to http://www.voltairenet.org/en to learn some of the “first-hand” experiences on the wars on Libya and Syria), i don’t see why a nation that has given the world so much should cease to give the world more wonderful things in the future.

          Best regards and best luck.

          • Henry, what meaning do you attribute to the term “democratic” and “democracy”? I guess many misinterpretations happen just of western quite formal understanding of this word/ That a country has some instituitions that resemble to some degree those of the West – President, Parliament etc – doesn’t speak in favor of the opinion that these countries are :”democracy” ant that could be said of such “democratic” countries as India and Brazil, and the Republic of Chad can be successfully be added. No one denies victims of Brirish imperialism, but this is in no way could be voewd as indulgence for Communism crimes and its defenders always used such tactics as you do now pointing to crimes of the West in order to hide ttheir own.

          • @Henry,

            I’m highly familiar with the crimes of the US, having digested most of Chomsky’s books. I agree that we are dealing with a psychopathic strain of Globalist that is hell-bent on demolishing meaningful institutions and replacing them with world slavery.

            But I’m not trumpeting some rote “patriotic” or “ant-China” smear campaign. My point is that the charter of the country sets the spiritual structure and the path of consciousness. The US charter is more progressive than any other in the history of the world. I’m talking about the progression of human consciousness driven by dynamic and ambitious people. There is no other sovereign platform for this like the US. That’s why it’s so important to the Globalists that the US be smashed from within by the Fifth Column that keeps promoting these atrocities all over the world. The Fifth Column does not represent the charter of the US as formulated in the US Constitution.

            So let’s keep that straight.

            Anyway, show me a major power that doesn’t perpetrate military atrocities. Goes with the territory. If you’re going to compare Chinese Communism favorably when measured against US military atrocities, well, how can we have a conversation?

            I stand by my statement about the brutality of the Chinese against its own people. It’s a plain fact. I also stand by my statement that the Chinese elite class is racist and contemptuous of non-Chinese. Seriously, no one in the world wants the yuan. Everyone wants dollars.

            As for social services, I live next to a large housing project here in a US city. I can throw a dime from my window and hit one of its buildings — I’m looking at it now. I can assure you that the residents who spend the whole day hanging out outside are well cared for. The poor people in my city have access to food, medical care, and education. Is it all so great? Well, city hospitals are not so great. Food stamps offer subsistence level. The schools are mostly jungles. But the people who go there are cared for FOR FREE. And there is a chance, however small, to get out of that world and into economic opportunity. These people are not in a ghettoized prison, they can step out of their doors and into the larger world, a world with which they have minute-to-minute contact. Beats the hell out of Calcutta.

            The people most at risk in the US are the middle class, who ostensibly can pay for everything, but in reality are financially under water from day-to-day. This is by design. Break the middle class, and you’ve broken the country.

          • Enjoyed your post.
            I’ve read some of those works & simular ones.
            Your knowledge base is impressive & your conclusions are well spoken.

            The last book on China I read can that was any good is:

            Maonomics: Why Chinese Capitalists Make Better Capitalists Than We Do
            by Loretta Nopleoni

          • “Seriously, no one in the world wants the Yuan. Everyone wants dollars” – Pseudo

            http://projectcamelotportal.com/kerrys-blog/1321-china-russia-no-longer-buying-oil-with-petro-dollar

            Just some “old news” from an “old Sinophobe”.

            Let’s pretend China and the Yuan doesn’t exist for a moment, then there is still this question to be asked, who needs the dollar if the world economic system is no longer based on oil?

            Now, one could use some William Engdahl’s wisdom since one clearly does not appreciate Chomsky’s (say “Hegemony or Survival”), like “A century of war”
            http://www.amazon.com/exec/obidos/ASIN/1615774920/gizdeasta-20/

            If civilization can do without oil which means there will be no such problem as “peak oil” (which is a myth created by the elites), then the question should be asked what alternative energy system could be applied? And if such technologies already exist why it is being suppressed by the elites?

            I think Dr Steven Greer has a good point about this issue, as he tells his audiences that “the shadow government” wants UFO and UFO technologies remain to be a secret because if everyone else in the world get their hands on alternative energy technologies then America would no longer maintain its world domination.

            Again, “Hegemony or Survival” are the appropriate terms here, the question is, does the world need a “hegemony” by few nations whose governments are puppets to bunch of Satan worshipping oligarchs, or does the world need a new energy system based global economy and a peaceful environment for “survival” for all?

            “All Empires commit atrocities”, so one is admitting all those bickering about “freedom” or “democracy” are just “propagandas” used to justify one’s “imperial dreams”? That excuse immediately reminded me of William Engdahl’s “Full Spectrum Dominance: Totalitarian Democracy”.

            But whose empire is it really?
            The western oligarchs who could murder a democratically elected president?

            Well, consider this possibility, those “overlords” of Western governments are puppets to someone else, someone that aren’t even human.

            Enjoy this interesting journey at this interesting time of 2012, because the world is rapidly changing and it will never be the same again.

    • I agree that Russia stll has huge problems, but they have gone through almost a century of hell. It was Solzenitsyn who said in his last tome that 66 million people died at the hands of the Bolsheviks. So everyone living today will have family that were lost. Very hard to rise above. I email with a Russian who told me that in the country Putin is very popular – not so much in the cities. In the country they know they need a strong, nationalist leader to help heal their country.

      At this stage America’s leaders are so corrupt, and so many of its people so asleep, that I think they will have to learn the hard way… As will all western nations. We have had it too good for too long. Not enough of us care that our leaders are killing people all over the world.. Sadly it would seem that America haslost see why America should remain the world’s policeman.

      • Sorry for the errors. IPad drives me crazy sometimes.

        …America and its allies have lost their moral compass as I see it. Will Russia or China be any worse?

        And on the subject of precious metals, I think maybe silver, the poor man’s gold, would be better to barter with.

    • Agree, great post and that’s what I sometimes trying to get across to folks hipped on the stream of “everyday experience” in the version by RussiaToday. That’ beibg said, I’m neother pro- nor anti- American, rather I’m pro-Russian, but /ne outside Russia should treat differently the situation ant political menthality/methodology in Russia and the US. The term “voter” should be interpreted differently regarding its accepted meaning in the US and Russia: according to some russian insightful reserachers, historicians and political observers (Yulia Latynina, for instance) on the first stage of annihilation of Russian civilisation, traditions, economy etc. Lenin and Stalin ruined her by the mid 50-s. What Brezhnev had accomplished in a span of the next 20 years was lumpenization of Russian population, creation of the class of people with its own specific type of thinking that is diametrically opposite to that of Americans and this is echoing up to now. Putin and his clique seem would like to maintain this phenomena to conservate it as it provides additional votes for his populistic interior social policy. From that viewpoint the simpathy to Putin is not the key factor of his “wise national” strategy, but rather it bears witness of sick state of russian contorted national consiuosness and primitive political culture – the culture of social dependancy and “vote for any who preserves our current sacrificial soviet-rooted allowances or gives us 1000 roubles to buy from us our votes” (what massively was taking place during the last Duma and President “elections”).

        • Still, interesting Ilja. But do remember that American presidents are selected and not elected now, and have been for some timo.

          If America had remained “a beacon of freedom” and also stayed out of the affairs of the rest of the world she would still have been admired, Now she is hated by much of the world and for good reason.

          Are all Russians “lumpen” in your opinion? And on that basis voted for Putin?

          • O Daphne
            some can’t get in one post at all,
            and you get in twice with DUPES
            in TWO different places
            [being scrubbed perhaps as I write]

            O Daphne
            very curious indeed

            now let’s see what happens

          • Daphne, according to official data, there’re about 6 million non-working people, 6 MILLION NON-WORKING in Russia, JUST THINK OF THE NUMBER (in fact, conciderably more). They don’t express will to find a job or to invest their efforts to any other functioning activity, because they long ago got accustomed to – as pointed out – “receiving for free” and this killed natural functioning instincts in them, there formed specifical culture of poverty and created a basis for social unstability and the growth of aggression that current Communist/KGB-spin off is linked rather to manipulate than reform or destroy because this is what it can get completely controlled and obedient mob that one can easily drive together by buses to pro-Putin manifestations and buy form them their voter ijhn order to use it in the “right direcrion”. As fir US your arguments rests on shaky ground because of the very terminology you are using: “beacon of freedom” etc, and you’re opposing that by saying”it ‘s not”. Of cours such mithological approach isnt worth debating of:every country has its own mithology, propaganda, but the point is in otherwhere. Everithing becomes clear by comparison: yeah America definitely has a lot of its minuses, disgusting features that are typical for all the Western way of civilization- plutocracy, social alienation, hypocrisy, very low level of human sympathy on the part of every human to any other human, formalism ( dura lex – sed lex), however on the present stage it’s uncomparable from the standpoint of civility, material wealth, juridical freedom, tolerance, safety with those aspects in modern post-Communist Russia (neo-USSR), not speaking of China where tradional asian brutality combined with the cruelty of Communism and poverty of hundred of millions (usually earning 40 dollars per month) gave birth to unprecedented suppression of individuality of a single person. Ask yourself why so many chinese flee off the country (as well as Russians do)- in America, by the way, among others – and never going to return? Being a Russian myself I’m worried and saddened about such situation but firmly convinced that it’s becuase of “former” communists and the “former” KGB workers that privatized in their hand much of the key industrial objects, non-trialed Communist Party for its crimes and non-condemed publicle. This couldn’t not to have its consequences and the result is the Putin’s coming to power in 2000 and futher sack of Russian natural reserves without creating conditions to proportional economic growth, innovations etc. Don’t lament on how things are going bad in the US, cause there’re palces on this planet that faced more crucial and cruel challenges.