by Paul Craig Roberts, Paul Craig Roberts:
America’s weakness is overlooked by investment analysts. Having offshored manufacturing, the US is import-dependent, and having weaponized the dollar Washington is causing foreign central banks to stop holding dollars as reserves. The consequence is that the US has a rising issuance of debt to finance trade and budget deficits, but a declining supply of customers for that debt. Either the Federal Reserve has to monetize the debt or interest rates will rise.
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Note also that it appears there will be in about 4 months a large expansion of BRICS. Argentina, Egypt, Iran, Saudi Arabia, and the United Arab Emirates have been invited to join. I assume the Russians have the diplomatic sense not to invite someone unless they know they will accept. Otherwise, Russia will have set herself up for the Western media headline, “Country X refuses Russia’s invitation.”
In a slap down of Washington signifying the termination of the petrodollar, Saudi Foreign Minister Prince Faisal bin Farhan said, “the special, strategic relations with the BRICS nations promotes common principles, most importantly the firm belief in the principle of respect for sovereignty, independence and non-interference in internal affairs.”
BRICS expansion will make the two largest South American countries members, and with the Saudis, Iranians, and UAE almost the entirety of Middle East oil goes into the Russian organization, which with Russia’s oil is essentially the world’s oil supply, and Egypt sits on the Suez Canal. China and India, the largest part of Asia, are already members. This suggests to me that the US dollar is headed for trouble and will need interest rate support. If the dollar loses exchange value, the cost of imports will drive US inflation considerably higher. The worst inflations are always caused by currency decline. Gold investments make a lot of sense for Americans assuming that the criminals in Washington who are ruling us don’t confiscate them.
Keep in mind also that the indictments of Trump are completely phony. If white-hating black Democrat prosecutors and white-hating black Democrat juries convict Trump of these phony charges, political upheaval could result. If the Americans simply accept the false conviction of an American president, they will fall into tyranny and no asset will be safe.
The real American situation could be very different from what Wall Street thinks. Dollar problems could make the US an unsafe investment climate, and if we take account of the extreme efforts of the Biden regime, American universities, public school boards, and Woke media and corporations, such as Disney, BlackRock, Starbucks, and Budweiser, to demonize white Americans and infuse white American children with racial guilt, the United States might be the least safe place on earth for white people, even less safe than South Africa and Zimbabwe. Indeed, it seems some American cities already are.
It is not only that white confidence and white lives are at risk. So are Americans’ civil liberty. American law schools are in the hands of Woke ideologues who want “to reclaim America from constitutionalism.” Law schools such as Harvard and Yale teach that the US Constitution is undemocratic and racist and should be abandoned. Under the Woke regime the law schools and New York Times intend to impose, only the Woke and “official victims” would have rights. https://www.theepochtimes.com/us/in-depth-law-schools-promote-idea-that-us-constitution-should-be-scrapped-5430884
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