Interesting report from Fisk…
Robert Fisk is reporting a grand scheme to establish an alternative to the US dollar by 2018.
This comes on the heels of an earlier reported opinion that the US will be trying to reduce American standards of living by 50 percent over the next 14 years.
It begs the question whether these are initial negotiating positions between the various world economic powers on the transition to a post-American order. For the US to accept this state of affairs would require it to reduce its triple deficit – trade, public, and private.
Is the US prepared to peacefully give up its hegemony? To release its coveted access to global resources, which allow it to spend nearly the equal sum as the entire planet on defense? its aggressive military posture?
To ask these questions is to answer them.