Flight from the Dollar will cause the Economy will blow

[raspberry-blower]

Very interesting discussion with Dr Paul Craig Roberts on the general economic situation - the gold price and stock market manipulation, US/Russian relations amongst other things. Makes one wonder whether all of this idiotic drive to war is to cover up the collapsing economic system.

Flight from the Dollar will cause economy to blow

[kenneal - lagger]

A flight from the dollar would mean that the US could no longer support its budget deficit and the massive printing of dollars and would have to institute the sort of austerity measures which would make ours look like a drop in the ocean. Any further large scale cash printing would cause hyperinflation in the US and would collapse the economy completely. It would be the 1930's all over again.

[Little John]

A flight from the dollar would mean that the US could no longer support its budget deficit and the massive printing of dollars and would have to institute the sort of austerity measures which would make ours look like a drop in the ocean. Any further large scale cash printing would cause hyperinflation in the US and would collapse the economy completely. It would be the 1930's all over again.

Exactly and that is why the US elites are quite prepared to take us all to the brink of global war, so desperate are they to avoid economic collapse. Quite apart from anything else, I believe their social and political culture if so fractured that the country would run the risk of breaking up if the economy collapsed.

[snow hope]

A flight from the dollar would mean that the US could no longer support its budget deficit and the massive printing of dollars and would have to institute the sort of austerity measures which would make ours look like a drop in the ocean. Any further large scale cash printing would cause hyperinflation in the US and would collapse the economy completely. It would be the 1930's all over again.

Exactly and that is why the US elites are quite prepared to take us all to the brink of global war, so desperate are they to avoid economic collapse. Quite apart from anything else, I believe their social and political culture if so fractured that the country would run the risk of breaking up if the economy collapsed.

I think there is a lot of truth in that summary Steve.

[UndercoverElephant]

A flight from the dollar would mean that the US could no longer support its budget deficit and the massive printing of dollars and would have to institute the sort of austerity measures which would make ours look like a drop in the ocean. Any further large scale cash printing would cause hyperinflation in the US and would collapse the economy completely. It would be the 1930's all over again.

Exactly and that is why the US elites are quite prepared to take us all to the brink of global war, so desperate are they to avoid economic collapse.

That reads like you're crediting them with more of a strategy than they've actually got. I don't believe they are taking us to the brink of global war in order to avoid economic collapse. I think it is more a case of if all you've got is a hammer, then everything looks like a nail: the US doesn't know how to do anything apart from bully people, and it has this bloated military machine that otherwise has nothing much to do. So it's bullying people and trying to destabilise anyone it doesn't like the look of, regardless of the fact that this behaviour is now completely detached from any identifiable long-term goals. There's no way that doing this will make the implosion of the US dollar any less likely, it just makes them feel "better", in the same way that bullying people in the playground makes a school bully feel better.

[Snail]

that's quite distressing undercover elephant. At best, they're kicking the can. At worst, but more realistic perhaps, they're lashing out baby-tantrum like.

Believing that any sort of strategy exists perhaps just another hopium fantasy.

[Little John]

A flight from the dollar would mean that the US could no longer support its budget deficit and the massive printing of dollars and would have to institute the sort of austerity measures which would make ours look like a drop in the ocean. Any further large scale cash printing would cause hyperinflation in the US and would collapse the economy completely. It would be the 1930's all over again.

Exactly and that is why the US elites are quite prepared to take us all to the brink of global war, so desperate are they to avoid economic collapse.

That reads like you're crediting them with more of a strategy than they've actually got. I don't believe they are taking us to the brink of global war in order to avoid economic collapse. I think it is more a case of if all you've got is a hammer, then everything looks like a nail: the US doesn't know how to do anything apart from bully people, and it has this bloated military machine that otherwise has nothing much to do. So it's bullying people and trying to destabilise anyone it doesn't like the look of, regardless of the fact that this behaviour is now completely detached from any identifiable long-term goals. There's no way that doing this will make the implosion of the US dollar any less likely, it just makes them feel "better", in the same way that bullying people in the playground makes a school bully feel better.

Ah, right, then I've not been clear. The above, as you've outlined it, is precisely what I think they are doing. It is an utterly hopeless "strategy", but it's all they have left and they don't know what else to do. All of which makes them particularly dangerous since they cannot be reckoned on behaving rationally.

[snow hope]

I don't believe the Americans or rather the people in power and leadership are that stupid. To think they are is somewhat naïve.

They have all sorts of planning scenarios, as we probably all know. Just because we don't agree or understand their actions doesn't mean they don't know what they are doing or have long term goals - just my opinion.

[Mr. Fox]

I'm with Snow Hope, here...

They're certainly 'behaving rationally' in their own view. If you happen not to be a cold, hard psychopath with no capacity for empathy, it's sometimes hard to see their behaviour as 'rational'.

It's worked for them before (Iraq, Libya...) - I reckon it would be irrational to believe that they wouldn't try it again.

[PS_RalphW]

I'm finding it hard to see what if any long term policy the US has at present. It appears to be a reactive administration, under reacting in Iraq, over reacting in Ukraine.

Why on earth impose sanctions on Russia designed to accelerate their oil production decline from peak, when US shale is itself facing imminent peak?

Could it be - to be prevent Russia becoming the 'swing producer' that has previously been Saudi Arabia - if US goes into steep decline in the next few years, and SA is also at peak, then the prospect of going cap in hand to Russia - the old enemy - for what is left of available net exports would be too humiliating. Better we all go down together.

In the short term demand for oil seems to be declining. If price falls significantly even for a few months, then investment confidence could be lost in US shale drilling, and that would burst the bubble and send the US into premature shale oil peak. Better to keep international tensions high and put of the evil day...

[BritDownUnder]

Why on earth impose sanctions on Russia designed to accelerate their oil production decline from peak, when US shale is itself facing imminent peak?

Could it be that Russia seemingly spends most of its oil revenue on armaments (mostly made by itself). Less oil revenue = less arms. Kind of makes sense. Stop Russia being a rich, well armed pest. Better a poor pest.

There's a phrase used to describe a once wealthy oil exporter using more and more of its declining production for itself. Something like "export land model".

[Little John]

Why on earth impose sanctions on Russia designed to accelerate their oil production decline from peak, when US shale is itself facing imminent peak?

Could it be that Russia seemingly spends most of its oil revenue on armaments (mostly made by itself). Less oil revenue = less arms. Kind of makes sense. Stop Russia being a rich, well armed pest. Better a poor pest.

There's a phrase used to describe a once wealthy oil exporter using more and more of its declining production for itself. Something like "export land model".

In what way is Russia a "pest" to the US, other than simply being a big country with some oil.

[kenneal - lagger]

In what way is Russia a "pest" to the US, other than simply being a big country with some oil.

You answered your own question. That is the threat.

[emordnilap]

You know the answer to that, Steve - any ideology which does not conform to America's concepts has to be 'reformed'. It need not be a threat, just going its own way. Can't have that, can we?

[emordnilap]

In what way is Russia a "pest" to the US, other than simply being a big country with some oil.

You answered your own question. That is the threat.

Then, to extrapolate, anywhere in the world that the USA unilaterally decides its interests are not being best served, it considers itself at liberty to sanction, to threaten, to blockade, to bomb, to invade and to murder and mutilate indirectly and directly millions of people.

Yes. Better put than me.

Bomb/napalm/shred them back to the stone age, then re-build with IMF money laundered through American corporations, strip their resources, make them pay back these so-called 'loans', put the ones able to work on 12 dollars a month at 12 hours a day, take away all social safety nets, indoctrinate them with advertising of American products they can't afford, open the country up for tourism and away you go.

Rinse and repeat.

In fact, don't bother rinsing, just repeat.