09-08-2016, 12:30 PM
Cliff Varnell Wrote:Here's an interesting article indicating that US dollar hegemony is a thing of the past.
http://www.cnbc.com/2015/03/09/is-the-do...-ems.html#.
The gold bugs chime in...
http://www.goldcore.com/us/gold-blog/cur...-hegemony/
The era of dollar hegemony is over and yet the US economy hums along and we ain't nuking the Russians.
It's an exaggeration to say that dollar hegemony is over. And you aren't nuking the Russians. Yet anyway.
The below conclusion is from your first link:
Quote:Still, the greenback's status as a global reserve currency remains intact, experts say.
"The dollar is declining as a trade currency, but it remains strong as a reserve currency. Right now, it's around 61 percent of global reserves, versus 70 percent over a decade ago," said Rickards.
You're exaggerating and spinning the issue and then making a flippant analysis based on that oversimplification.
However, it's not an exaggeration to say US hegemony is under serious threat, which is the point I've been stressing and warning about.
And if you think the US won't use nukes, think again. Using mini-nukes has become part of US strategic thinking:
Quote:The Pentagon's 1996 plan to nuke Libya had been announced in no uncertain terms at a press briefing by Assistant Secretary of Defense Harold P. Smith:
"[The] Air Force would use the B61-11 [nuclear weapon] against Libya's alleged underground chemical weapons plant at Tarhunah if the President decided that the plant had to be destroyed. 'We could not take [Tarhunah] out of commission using strictly conventional weapons,' Smith told the Associated Press. The B61-11 'would be the nuclear weapon of choice,' he told Jane Defence Weekly. (The Nuclear Information Project: the B61-11)
Source
Was a two-stage conventional and then bunker buster neutron bomb (B61-11) used in Yemen?
Someone went to film a bomb strike and got a surprise by the look of it:
And
Michel Chossudovsky at Global Research has written about the event HERE, and says there are unconfirmed reports of a similar weapon used in the Iraq war.
As I said in an earlier post, the neocon folks in Washington are mad and MAD is a thing of the past.
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