A fiscal train wreck is one thing but when it is combined with the following elements it makes the recipe for a perfect storm as American as apple pie. Meanwhile back on the ranch America’s president and congress cut taxes during war time and America’s elite dances a merry jig to the tune played by the pied pipers of flat earth economics.
The following projections and facts are in no particular order for the order changes naught a whit the laws that govern even such exalted beings as Republicans and Democrats. The laws I speak of here are physics and the all too inevitable cycle of violence, blame, retribution, and violence; which I will refer in this piece by the fancy CIA moniker of ‘blowback’. (Little known historical fact: Mankind long ago discovered a perpetual motion machine, it is called the vendetta.)
America is the self-acknowledged leader of the world a position she got the old fashioned way, by destroying her rivals. They say it’s lonely at the top, Chalmers Johnson says, “Things that can’t go on forever, don’t.” Whether it is fair or not, most of the world has decided that America’s way of doing business is “out to get them”. Not an unreasonable assumption on their part, given that the conservative estimates are that 40,000 people die of hunger and related causes every single day, 826,000,000 are chronically malnourished, and 100 billion dollars could bring water and sanitation to the world. Meanwhile America gives tax breaks for SUV’s, spends hundreds of billions on ‘tactical’ (finally the ultimate oxymoron) nuclear weapons and the weaponization of space. Her weakness revealed America resolves to hold the world hostage? At the very least a fair question I’d say most would agree.
Being denominated as the ‘petro-dollar’ by OPEC, the ‘debt dollar’ by the IMF and the World Bank, and the world’s reserve currency is a purely political phenomenon. As long as America was aligned with her financier’s purposes this was allowed to continue despite its obvious irrationality. But now America has finally overstepped her bounds and she will be reined in from her profligacy, though whether to good effect or not is still very unclear.
Finally on a personal note: When the aforementioned is put together with America’s internal lack of oil, gas, and even water, Canada would be wise to look very closely at defending herself sometime in the first half of this century. For there is little doubt that America as a mortally wounded giant will be even less able to make rational decisions than she was when her cheeks were fat and rosy with empire. The result of this is certain to be that elements within her administration seek to save her predominance with one last grasp at periphery to consume. No doubt this will be hailed as an operation to guarantee Albertan’s freedom from the pernicious influence of the ‘Frenchies and Socialists’ . The geological fact of Alberta’s oil deposits and Canada’s water being purely coincidental no doubt.
Jeff Berg works and lives in Toronto, Canada. He can be reached at email@example.com