10-11-2016, 12:13 PM
Tom Scully Wrote:John Knoble Wrote:dollar
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If you assume Trump has been casted for a role, it could be to negotiate down foreign-owned federal debt, blame the next economic crisis on the public's bad judgment to elect a non-politician, etc.
The U.S. dollar is the world reserve currency, stronger with uncertainty in reaction to the sustainability of the European Union and thus the Euro.
U.S. debt is denominated in dollars, a dollar debt obligation. There is an overwhelming preference for printing down the intrinsic value of the foreign debt
obligation vs. even any talk of negotiation since it would have the same effect on valuation without the subtlety of dilution via printing and Fed's quantitative
easing. Fed has simply created dollars to buy Treasury bonds when demand for their new issuance is uneven. Fed owns a portfolio of U.S. debt paid for with
Fed created dollars which so far have influenced no dilution, in fact the opposite.
If the BRICS nations do manage to float a currency competing with the US dollar for reserve currency status, then I rather suspect that the US will begin to really suffer the consequences of its vast indebtedness.
This, I think, is a primary reason why the US has tried to drive a wedge through BRICS by destablising Brazil and cuddle up to India, any also is why Obama pivoted to Asia, and is a contributing reason why Russia has again become the convenient scapegoat.
In fact, if we read the Wolfotwiz Doctrine, we see that these are the fundamental reasons for these actions. No competing power is to be allowed to develop:
"You shall have no other gods before me."
Such crazed zealotry will ultimately consume itself.
I hope I am still around to watch it happen.
The shadow is a moral problem that challenges the whole ego-personality, for no one can become conscious of the shadow without considerable moral effort. To become conscious of it involves recognizing the dark aspects of the personality as present and real. This act is the essential condition for any kind of self-knowledge.
Carl Jung - Aion (1951). CW 9, Part II: P.14