How the US morphed from a “global beacon of freedom” to a symbol of political and economic repression
by Tyler Durden
Posted originally on Zero Hedge March 6, 2011
In his latest edition of the Privateer newsletter, Bill Buckler confirms that he is one of the premier politco-economic commentators, with one of the most devastating expositions on how America, once the land of the brave and the home of the free, and truly a beacon of freedom for the rest of the world, has entered the death spiral of its cilivizational curve, which “beginning of the end” started in 1913 with the introduction of the income tax and the ascent of the Federal Reserve, and now, a century later, has morphed into what can poetically be called the “ending of the end.”
Recent events in the Middle East and Africa only underscore how rapidly the sun is setting on the world’s once undisputed superpower. That China is merely biding its time before it disconnects its mutual life support system to the US (which contrary to conventional wisdom, is far more important to the US than vice versa, now that the Fed is by the far the biggest owner of US debt), and ends its symbiosis with US fiscal and monetary policy, should not be a reason for optimism to anyone.
With each passing day, Chinese superiority is becoming ever more palpable (even despite the massive loan bubble currently in process in China), even as desperate US attempts to cling to the last trace of its former superpower status are getting increasingly ignored by virtually everyone. If Buckler is correct, the final nail in the US superpower status coffin could come as soon as the unwind of events in MENA, where the people have made it all too clear the US is no longer welcome.
What happens next will indicate just how rapidly the complete fall from grace for the US will transpire: “The Middle East is again in strife. This time, the conflict is between the regimes which have been installed and supported by the US government in their march to empire and the people who those same regimes have ruled with an iron fist. To these people, the US is not looked upon as an “exemplar” of anything – except political AND economic repression.“
Written by aurick
11/03/2011 at 6:33 pm