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OpEdNews Op Eds    H4'ed 8/7/12

The End of Free Money, Or How the World's Biggest Welfare Nation Lost Its Privilege

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Did we push technology to its limit and beyond for the benefit of all countries? Sure.

Did we start many illegal wars killing millions of people and destroying entire national economies? Absolutely.

Did we create a Military Industrial Complex that annually spends almost the same amount of money as the rest of the world combined on weapons of mass destruction? Yep.

After decades of propping up the biggest Welfare nation on the planet and allowing it to interfere around the world unchecked and unabated, the rest of the world has decided to move on and leave the US in the history books as just the latest empire that failed.

We have given trillions of tax dollars to other countries over the past few years in an effort to continue the era of free money, but the rest of the world is tiring of our hegemonic foreign policy and misuse of power.   China is now creating trade partners that promise to use their currency and not the US dollar. Europe, with all its problems, is completely refusing to even entertain the concept of using US dollars in future transactions between nations. The BRICS nations are forging a new paradigm that ignores the fate of the US.

Pretty soon, the US will be forced to trade in currencies other than the US dollar and, as such, will have to actually produce a saleable product in order to procure said money. When this happens, the American economy will go into hypershock and will be finally forced into budgetary constraints that can't simply resolve themselves with a magical increase in our debt ceiling. No more free wars. No more government subsidies of major exporting industries that destroy markets in other countries.

This means no more NAFTA. No more American "aid" in the form of MIC subsidies to foreign countries on the shoulders of the American taxpayer, in order to pay for their bloated and deadly products in the hands of tinpot dictators on foreign soil.

South Americans are already hep to this concept and have started their own bank, Banco del Sur, and internal market, Mercosur. There are loads of talks between African states and China.

And the continuing nonwars in Iraq and Afghanistan, with their corresponding billions of dollars of hidden lost funds, will become too costly to hide. What do we do with illegal wars after they become too expensive to ignore?

The US Dollar is arriving at its universal end. The world is tired of refinancing America's hegemonic foreign policy. They have had enough of our desire to intervene in the internal affairs of other nations. They have already mapped a course out of Dollarville and will soon leave the US Dollar to flounder under its own bloated weight.

And when Americans need to produce and sell their products in Chinese Renminbi in order to be able to buy from other nations in Chinese Renminbi, they will finally understand how the rest of the world felt when the US threw its weight around.

That world seems to be right around the corner.

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66 year old Californian-born and bred male - I've lived in four different countries, USA, Switzerland, Mexico, Venezuela, and currently live in the Dominican Republic - speak three languages fluently, English, French, Spanish - have worked as a (more...)
 

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