Here's precisely why & how the American Empire is ending, and Trump has a very minor role

 Jeffrey Sachs is a respected international economist, a notable Professor, and an experienced consultant to governments in the arena of international negotiations.  In this relatively short and recent interview, he gives a no-holds-barred view of why and how the unipolar world is changing to a multipolar one.  The days of the Government of the USA being the Big Kahuna are coming to an end.  In most respects, such is not a bad thing.  On the international stage, our Fed Gov't over decades has become arrogant and bullying, and that has been in play long before Trump.

https://www.youtube.com/watch?v=swVjCFqL6-s

Trump became somewhat popular largely because of his TV Reality Show.  Here's the only thing you need to remember about that show:  it was scripted FICTION.  In the real world, DJT primarily was a failure in business.  If you don't believe it, look closely into his various businesses from the 1980's to the present.  You'll find numerous bankruptcies, the shafting of contractors, the shafting of employees, court cases against him, fines, etc.  He once claimed he got his start with "a small loan of a million dollars" from his father.  

David Cay Johnston, the investigative journalist and Pulitzer Prize winning author, has written a number of best-selling books about economics, Big Business, and Trump.  In one of the Trump books, he states that Fred Trump "loaned" Donald a total of sixty million dollars over the years.  So much for DJT's "small loan".

It wouldn't surprise me at all if, when Trump says he'll "make America great again", he  imagines a hundred-year (or maybe a thousand-year:) State-Corporate Complex with his descendants at the helm.  Based on his history of the last forty years, though, what's highly likely to occur is this:  he will self-destruct.  In the next two to four years, his management and policies will destroy the popularity he has now with the 28% (of all American adults) who elected him.  Example:  watch what happens when he implements his much-touted Tariff increases.  [See this 12-minute clip, previously posted on this blog:  https://www.youtube.com/watch?v=kvJ4XS9_h_0&list=WL&index=69 ]

BOTTOM LINE:  Trump will not be able to stop what Prof. Sachs says is coming to the world extremely soon.  DJT's so-called strongman image is a complete charade.  Most of his supporters soon will see he's nothing more than a serial liar who is somewhat clever.

Watch the Jeffrey Sachs interview (the first link in this essay).  It's quite an eye-opener.

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Not only my opinion.  Be Well

The desperate attempt by the Fed Reserve to save the hegemonic, declining USA Empire

Below  is my response (edited) to an email I received.

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Thanks for the piece on FedNow (which does NOT use blockchain technology).  The Fed is trying to save the world reserve currency status of the Dollar (USD), something which is being threatened on multiple fronts.  My take on FedNow is as follows.

1. Sounds too good to be true (for central bank interactions).    Actually, it's a horrible concept when it gets down to the Main Street consumer level.  If I understand it correctly, you may as well add the Fed to your bank account as a co-account-holder.  [Why would anyone do anything similar to that!?  Mind boggling:]

2.  Even with FedNow, the USD is still FIAT currency, backed by a Gov't which essentially is bankrupt.  [Never imagined I'd see the day when our national debt was more than $31.5 trillion.  Our GDP is about $21 trillion, which means the Debt never will be repaid in full.  We can't afford it, especially because it gets larger every minute.  Plus, the interest payment alone is $1.3 billion per day.  That's where most of your personal income taxes go.]  Including the national Gov't debt, the corporate debt, and household debt, our total debt is about $70 trillion.  Tragic, and dangerous.

3. FedNow still allows the USA Gov't to lay siege via sanctions to any country it disagrees with , something with which much of the world is fed up.  Arguably, sanctions are an act of war.

4.  For most countries (other than the G-7), it's doubtful that the USD with FedNow would be preferable to a commodity-backed digital currency.  BRICS will have that (or something similar) sooner than later.

5. This whole thing appears mostly to be an attack on cryptos (including upcoming central bank cryptos in other countries), so if it wants to remain competitive, the crypto industry needs to clean up all its stupid problems involving exchanges, access, and fees.    When it comes to currency, people want something which is easy and accessible.  Crypto never should have called itself a "currency", because it's not.  It's a commodity (and so-defined by the U.S. Gov't), and that's why it's so convoluted and SLOW, and not easy to use.  It's somewhat like trying to buy your groceries with a bar of gold (or a bushel of grain), or even a gram of gold.  That isn't easy unless the normal legal currency has collapsed.

Such has been my main problem with crypto.  Too many people think it's a currency rather than what it is:  a commodity for investment (or barter).  At this time, the only Legal Tender (currency) in the USA is the US Dollar*****.  Everything else pretending to be currency is a commodity used in bartering, or strictly as an investment which later will be exchanged for Legal Tender.  To me, the crypto industry is bordering on (or committing) fraud when it claims to be a "currency".  Definitions matter.  

*****Such was proven years ago when our Gov't cracked down hard on the "Ron Paul Silver Dollar", which was being offered by a group of private individuals as an alternative currency.  https://www.thestreet.com/opinion/raid-on-ron-paul-dollar-maker-10390631
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Not only my opinion.  Be Well

The dethroning of the U.S. Dollar as the world's reserve currency has started

 It will be a slow process, but it's underway.

https://twitter.com/ScottHa85992272/status/1641626377483952129?s=20

For one thing, China now has currency exchange agreements with 41 nations.  I thought it was about 20.  Ooops.

Some analysts believe it never will happen; others are convinced it's a certainty.  Time will tell.  I think there's no way it can be avoided.  Plan accordingly.

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Not only my opinion.  Take Care

The End of American Hegemony is Now on the Horizon

It's difficult to predict whether that end still is a long way off or will happen somewhat quickly...too many variables.  Nevertheless, it is finally visible.  Despite what Oligarchs and those who are propagandized to the hilt may think, the approaching end of the USA's worldwide hegemony is a good thing.

A few years ago the results of either a Gallup or Pew Research Poll (can't recall which) indicated that 80% of the world believed the greatest threat to peace was the USA.  I suppose our Bully Boy, Reality Show, Tweety Bird, Ignoramus, Oval Office Occupier would call those results "fake news"; but then, everything he disagrees with is so named by him. 

China, the rest of Asia (including India), Russia, Iran, large parts of South America (especially Brazil), South Africa, and now even Saudi Arabia, are so fed up with our Govt's HEGEMONY that they are waging an unprecedented economic/financial war on the USA.  They have a good chance of winning it.  First came South America's rejection of our Govt's longstanding policy of Neocolonialism relative to them.  Next was BRICS (Brazil, Russia, India, China, & S. Africa) and their financial revolt, and just recently, we have the PetroYuan...essentially backed by gold.  Finally, beaucoup countries are allowing escape from the "almighty" Dollar via cryptocurrencies.  Dollar-dumping is rife in many, many countries.

We live in interesting times--- we are witnessing the beginning of the end of American Hegemony... especially monetary/financial hegemony.  Our Gov't and its Mega Bank Cronies will do anything legal or illegal to prevent that end.  It all hearkens back to Manifest Destiny and the crimes committed under that "justification".  The main difference between then & now is that our Empire is no longer land-based.  It's now based on control via threats of force, both monetary/financial/economic force and military force.  Most of it is illegal, immoral, unethical, and unconstitutional.

Starting a war won't prevent the end of our hegemony; it only might postpone it.

The Constitutional Republic of the USA is now in name only.  These days, we live in a Fascist State.  According to both FDR & Mussolini, Fascism = the Power of the State married to the Power of BIG Business.  Undeniably, that's the U.S. Gov't both for quite a number of years and presently.

The days of genuine American Conservatism (a big part of which was non-interventionism abroad and non-speculative banking at home) AND genuine American Progressivism (a big part of which was a safety net for the most vulnerable and fairness for all) are mostly gone...long gone.

And so it goes.  

Not only my opinion.  Be Well