How the Nixon shock changed the world forever
economy
The imposition of mob rule, the ultimate and end result of democracy, damages individual autonomy. It threatens and often eliminates your natural rights: life, limb, and property. We are at whatever mercy the mob grants us, if any they grant us any mercy. Every time a legislative body meets, everyone is on the butcher’s block, …
In Rumsfeld’s words, the unknown became known on the morning of September 11th 2001 when terrorists attacked both the World Trade Centre in New York and the Pentagon in Virginia. The 9/11 attacks were in response to America’s ongoing meddling and interference in the Middle East. The symbolic nature of the attacks should not be missed either: bin Laden chose to attack centres of U.S. economic power and its intelligence apparatus. 9/11 was an attack on the dollar: bin Laden understood very well that the dollar was, and still is, the centre of gravity of the American empire. By attacking the dollar, he wanted to accelerate a run on the U.S. dollar which would have led to foreign investors divesting themselves of their dollar holdings and transferring them to other currencies. A collapse of the dollar would have meant that its status as the world’s reserve currency would have come to end meaning that, in effect, the U.S. could no longer maintain its vast military presence overseas, grant protection to the Saudi royal family indefinitely and providing subsidies to Israel, to say nothing of the massive structural imbalances in the U.S. economy that would need to be addressed if reserve currency status was lost.
The petrodollar wars – U.S. foreign policy and the dollar system
The mass reindustrialization and suburbanization of the United States in the post-war era, along with an American-centred global economy, allowed Americans to live an affluent lifestyle far beyond anything that had come before it. On the surface, the Bretton Woods system was generally working well as member states adhered to the arrangements and the economies …
This is the 2nd Edition of this article, updated on 07/09/2022 The Louisiana Purchase and Westward Expansion. The Monroe Doctrine. The Ford Model T. The global realignment after World War One and the decline of the British empire. The end of the Cold War and the collapse of the Soviet Union.It is no easy task …
Counter-Economics a term used to describe the process of cutting off the State from access to resources. It is the direct action through black or grey markets against the power of the Ruling Elite.