http://news.goldseek.com/CliveMaund/1409062080.php Will the US succeed in breaking Russia to maintain dollar hegemony?...
"We are
witness to the greatest struggle of our age – the battle to maintain
global dollar hegemony, and with it US economic, military and political
dominance of the entire planet – and this struggle is now coming to a
head.
Notwithstanding
its undeniably great accomplishments of the past hundred years, the
relationship of the United States to the rest of the world is parasitic.
This is because it creates money and debt instruments out of nothing,
requiring virtually no effort, which it then swaps for goods and
services with other countries. Because the US dollar is the global
reserve currency, it is able to rack up astronomic deficits that would
be untenable for any other country. US debts are now at such levels that
if the US dollar loses its reserve currency status, the United States
economy will implode and it will quickly be reduced to the status of a
banana republic – hence the sense of urgency in the face of growing
threats."
" A sad irony
for the American people is that even though the US has the ability to
swap unlimited intrinsically worthless paper for goods and services from
the the rest of the world, the infrastructure of the country is
crumbling and many Americans already live in poverty on “food stamps”,
and even the great US middle class is being squeezed. This is because
the elites don’t care about the country or the masses – all they care
about is power and the amassing of personal fortunes."