You can understand Economics

19 August 2009

Everyone Tries to Walk Away with a Piece




Guns and Butter
is an excellent radio interview with Dmitry Orlov: 'Orlov's repeated travels to Russia throughout the early nineties allowed him to observe the aftermath of the Soviet collapse first-hand. Being both a Russian and an American, Dmitry was able to appreciate both the differences and the similarities between the two superpowers. Eventually he came to the conclusion that the United States is going the way of the Soviet Union. His emphasis is on all the things that can still be made to work, and he advocates simply ignoring all that will fall by the wayside.'

Usually I try to ignore what's happening back in the States, as it's too overwhelming. Try to focus on Vermont. Too much on the Web focuses on the 'We', as if there's any real nation of 'We'. There ain't, though few will see that the emperor has no clothes until imports dry up. Most're assuming that the US will last forever, just as folks in the Soviet Union assumed. Yeah. Virtually overnight, most of the loyal republics elected to go their seperate ways.

When I say 'We' I mean Vermont. A viable nation; perhaps together with Maine and the Maritimes, perhaps not. Economically, we're on our own anyway.

At some point the US Empire will no longer be able to borrow from overseas. The USD will have lost its status as the world's reserve currency. The US Empire, regardless of the new administration, are aligning with the last days of the USSR, with its record trade and fiscal deficit, military expenditure and overreach, and currency failure.

The new administration in Washington are staking everything on re-starting economic growth at ever-increasing speculative rates. At some point, people are going to realise, 'this cannot go on'. Do you believe that it can go on?

Orlov's blog is at cluborlov.blogspot.com

No comments: