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Why the decline of the US empire is irreversible

The Next Empire

Alex Christoforou

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The end of dollar hegemony, a new SWIFT system, and a new central bank, are all contributing factors towards the rapid decline of the US empire and the rise of The Next Empire as explained by International Man

Throughout history, political, financial, and military leaders have sought to create empires. Westerners often think of ancient Rome as the first empire. Later, other empires formed for a time. Spain became an empire, courtesy of its Armada, its conquest of the New World, and the gold and silver extracted from the West. Great Britain owned the 19th century but lost its empire due largely to costly wars. The US took over in the 20th century and, like Rome, rose as a republic, with minimal central control, but is now crumbling under its own governmental weight.

Invariably, the last people to understand the collapse of an empire are those who live within it. As a British subject, I remember my younger years, when, even though the British Empire was well and truly over, many of my fellow Brits were still behaving in a pompous manner as though British “superiority” still existed. Not so, today. (You can only pretend for so long.)

But this does suggest that those who live within the present empire—the US—will be the last to truly understand that the game is all but over. Americans seem to be hopeful that the dramatic decline is a temporary setback from which they will rebound.

Not likely. Historically, once an empire has been shot from its perch, it’s replaced by a rising power—one that’s more productive and more forward thinking in every way. Yet the US is hanging on tenaciously, and like any dying empire, its leaders are becoming increasingly ruthless, both at home and abroad, hoping to keep up appearances.

Warfare is often the death knell of a declining empire—both in its extreme financial cost and in its ability to alienate the peoples of other countries. In the new millennium, the US has invaded more countries than at any other time in its history and appears now to be in a state of perpetual warfare. This is being carried out both militarily and economically, as the US imposes economic sanctions on those it seeks to conquer.

This effort has become so threatening to the world that other major powers, even if they do not have a history of being allies, are now coming together to counter the US.

The US is encouraged in its effort by an unnatural alliance between the countries of Europe. Although Europe is made up of many small countries, often with dramatically differing cultures, who have bickered with each other for centuries, the European Union has cobbled them together into an ill-conceived “United States of Europe.”

Although the relatively new EU is already clearly stumbling and is on the verge of fragmenting, their leaders are desperately attempting to hold the unlikely alliance together with the help of the US. Meanwhile, the other major powers of the world are going full steam ahead to ensure that, when the US and EU reach their Waterloo, the rest of the world will carry on independently of the dying empire.

They are not merely waiting along the sidelines for the collapse to come, awaiting their turn at the top of the pecking-order. They are actively preparing their position to, as seamlessly as possible, take the baton at a run.


The End of Dollar Hegemony

Since the Bretton Woods Conference in 1944, the US dollar has reigned supreme as the world’s default currency. In 1944, the US held more gold than any other country, but in 1971, the US went off the gold standard, and since then, the dollar has been a fiat currency. The US has become increasingly cavalier in its abuse of the dollar—often at the expense of other countries.

Russia and China dealt with the latest round of strong-arm tactics by the US to adhere to the petrodollar by creating the largest energy agreement in history. This and all trade between the two countries will be settled in the ruble and the yuan. Russia has since been active in creating agreements with other fuel customers, also bypassing the petrodollar.

In creating these agreements, the Asian powers have unofficially announced the demise of the petrodollar. For decades, the US has applied its muscle to other countries, using the petrodollar. So, the Sino-Russian agreement stands, not only to end the petrodollar monopoly, but to create a decline in US power over the world, generally.


A New SWIFT System

Presently, the vast majority of economic transfers in the world pass through the SWIFT system, located in Brussels but controlled by the US. In recent years, the US has barred, or threatened to bar, other countries from the SWIFT system, effectively making it impossible for banks to transfer money and, by extension, causing the collapse of their banking systems. Russia has responded by creating its own SWIFT system.

It’s entirely likely that, if Russian trading partners, such as Iran, are barred from the use of the Brussels SWIFT (or even threatened to be barred), Russia would extend the use of its SWFT to them.

The creation of a second worldwide SWIFT would effectively remove the SWIFT threat from the US bag of tricks as an economic weapon. As long as Russia provides an effective money transfer service and does it without the intimidation that the US employs, it’s predictable that other countries would flock to the new system, in preference to SWIFT. Once other countries are fully on board, the US would have no choice but to interface with the new system or lose trade with those countries.


A New Central Bank

In recent decades, China and Russia have been expanding their economic powers dramatically and have periodically complained that their seats at the IMF table are unrealistically low, considering their importance to world trade. In 2014, China officially replaced the US as the world’s largest economy, yet the IMF has consistently sought to minimise China’s place at the table.

It would seem that the West believes that it’s holding all the cards and that the Chinese and other powers must accept a poor-sister position, if they are to be allowed to sit at the IMF table at all. The West somehow does not seem to recognise that, if frozen out, the other powers have the ability to create alternatives. As with the SWIFT system, the Asian powers have reacted to US overreach, not by going away licking their wounds, but by creating a second IMF.

The Russian State Duma (the lower house of the Russian legislature) have now created the New Development Bank. It will have a $100 billion pool, to be used for the BRICS countries. Its five members will contribute equally to its funding. It will be centered in Shanghai, India will serve as the first five-year rotating president, and the first chairman of the board of directors will come from Brazil. The first chairman of the board of governors is likely to be Russian Finance Minister Anton Siluanov. It’s therefore structured to be truly multinational.

In creating all of the above entities, the BRICS will, in effect, have created a complete second economic world.

In the latter days of the British Empire, we Brits seemed to be under the illusion that, even as our power base crumbled, we might somehow retain control by threats and bluster. The UK was utterly wrong in this and only succeeded in alienating trading partners, colonies, and allies by doing so.

The same is happening again today. China, Russia, and the rest of the world, when faced with American threats and bluster, will not simply fold their tents and accept that the US must be obeyed. They will, instead, create alternatives. And they are doing so exceedingly well and quickly. At this point, the overreach of the US is not only enabling other powers to rise, it is forcing their hand to literally create the next full-blown empire.


Editor’s Note: It’s always been true, as Bourne said, that “war is the health of the State.” But it’s especially true when economic times get tough. That’s because governments like to blame their problems on outsiders; even an imagined foreign threat tends to unify opinions around those of the leaders.

Since economies around the world are all weakening, and political leaders are all similar in essential mindset, there’s good reason to believe the trend toward World War 3 is accelerating.

Unfortunately, there’s little any individual can do to practically change the trajectory of this trend in motion. The best you can and should do is to stay informed so that you can protect yourself in the best way possible and even profit from the situation.

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Judicial Watch Calls for Re-Opening of Hillary Email Investigation After More Classified Info Found

Judicial Watching is calling for a re-opening of the investigation into Hillary Clinton’s emails after finding more classified information on the former Secretary of State’s non-“state.gov” email system.

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Authored by Joseph Jankowski via PlanetFreeWill.com,


On Thursday, the watchdog revealed that it had received two batches, 184 pages and 45 pagesof newly uncovered emails belonging to Hillary Clinton from the U.S. Department of State sent and received over her unsecured server.

The emails were uncovered by a FOIA lawsuit filed on May 6, 2015, after the State Department failed to respond to a March 4, 2015 FOIA request seeking all emails sent or received by Clinton in her official capacity as Secretary of State, as well as all emails by other State Department employees to Clinton regarding her non-“state.gov” email address.

Judicial Watch broke down what they found:

  • On June 7, 2011, Clinton received classified information on her non-secure email account from former British Prime Minister Tony Blair, which Blair also forwarded to Jake Sullivan, about Blair’s Middle East negotiations with Israel, the Palestinians and the French
  • On January 26, 2010, Clinton’s Deputy Chief of Staff Jake Sullivan sent classified information via his unsecure Blackberry to Huma Abedin’s State Department email account that he’d earlier sent to Clinton’s and Abedin’s non-secure @clintonemail.com email accounts about U.K. negotiations with Northern Ireland.
  • On October 28, 2010, Clinton exchanges information with her friend Marty Torrey – a congressional aide – who asks Clinton in an email if she would advise that Torrey meet with former Pakistani President Pervez Musharraf. Clinton responds through her non-secure email account approving the meeting and notes that she is emailing him from Hanoi, Vietnam.
  • An email chain dated April 8, 2010, which contains a memo from Sid Blumenthal to Hillary Clinton related to the change of government in Kyrgyzstan, contains information classified “confidential” and is redacted as “foreign government information” and “foreign relations or foreign activities of the United States, including confidential sources.” Blumenthal urges Clinton to “develop relations” with the new government in Kyrgyzstan.

These emails caused Judicial Watch founder Tom Fitton to call for the Department of Justice to re-open the investigation into Clinton’s use of a private email server during her time in office.

“These emails were undercovered from the emails that Hillary Clinton tried to delete or otherwise hide from the American people,” Fitton said in a video posted Thursday. “These new emails once again show why the Clinton email investigation needs to be re-opened by the Justice Department.”

The batch of emails also disclosed a January 26, 2010, email to Hillary Clinton’s private server from her deputy chief of staff, Jake Sullivan, that is classified “confidential” and contains a “call sheet” that Clinton received prior to a call with Northern Ireland political leaders.

Interesting, but not surprising, is also an email that shows a meeting scheduled between Hillary Clinton and leftwing billionaire George Soros.

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Doug Casey on Social Media: “Facebook enshrines stupidity”

“Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook.”

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Authored by Joel Bowman via InternationalMan.com:


Joel Bowman: G’day, Doug. Thanks for speaking with us today.

Doug Casey: No problem, Joel. It’s a pleasure to hear your Australian accent come across the ether from Mexico.

Joel: Let’s dive right in. A week or two ago, Facebook registered the largest single day loss for any one company in stock market history – roughly $122 billion. CEO Mark Zuckerberg lost around $15 billion himself, as much as the annual GDP of several resource-rich, West African nations.

Looking back to 2000, during the go-go days of the dot.com boom, Intel and Microsoft both registered staggering single-day losses, too… $90 billion and $80 billion, respectively. And we know what happened next in that case…

So, investors want to know… is past prologue? What’s next for Silicon Valley’s tech darlings?

Doug: Talking about losing multiple billions in a single day, it’s really a sign of the times. I remember when the only billionaires in the world were Howard Hughes, John Paul Getty and John Beresford Tipton– the mythical billionaire on a 1950’s-era show called “The Millionaire.”

These days, however, it seems everyone’s a billionaire. In fact, there are several thousand billionaires roaming the planet today, with new ones being minted almost every day.

Of course, much of this so-called wealth is just paper. It’s not real. In fact, it’s pretty clear to me that we’re in a stock market bubble. Which is being driven by the bond market hyper-bubble. And that, in turn, is fueling a real estate bubble, which I believe is just now beginning to deflate in major cities around the world.

None of this augurs well for the stock market. You’ve got bubbles all over the place. Except in the resource market. That’s the one place that hasn’t inflated. In fact, it’s been going down since it’s last peak in 2011.

Getting back to Facebook, I hope it goes bankrupt. I hate it as an institution. I hate what it does. I don’t like its policies. I don’t like its management. I don’t like the fact that it’s causing people to destroy whatever privacy they have left. While turning their brains to mush sending out selfies all day.

Joel: You’ve put a lot on the table there, Doug. Let’s unpack a bit of that, starting with the general tendency toward cerebral rot…

Many younger readers may not remember this, but there actually existed a time before everybody knew everything, when people had to read books and discuss them, engage in healthy debate and rigorous dialectic in order to learn and develop intellectually.

Now that everyone apparently has plenty of time to Instagram their kale salads and “like” one and other’s cat pictures, are we to assume mankind has finally reached the End of Learning…some new Age of Enlightenment?

Or might Facebook and its (anti)social media cousins represent – in addition to the potential fallout for investors – another, hidden cost to society?

Doug: Perhaps humanity is bifurcating into the Morlocks and the Eloi at this point. It’s true that people used to go to libraries. But even the Library of Congress has only a tiny fraction the world’s data available; libraries are quaint and delightful, but they’re dinosaurs.

All the knowledge in the world is now at our fingertips on the Internet. The Internet is one of the greatest inventions in history, on a par with moveable type and the Gutenburg printing press. A few people are using it to educate and better themselves—but relatively few.

Most people just use it for trivial amusement, as you mentioned. Facebook adds very little value to the equation. In fact, I can’t see that it does much that’s productive. It’s basically a vehicle for gossip and watching cat videos.

Joel: And it’s less than that. Aside from the general degradation of public discourse, social media also represents a kind of unalterable historical record of bad jokes and regrettable moments, accessible to anyone who may wish to besmirch one’s character or skittle one’s reputation.

We’ve all said things we wish we hadn’t. To err is to be human, after all. What do you make of a world in which everyone’s worst moments are readily available to everyone else – including potential enemies – at the click of a mouse?

Doug: Facebook enshrines stupidity. A heavy Facebook user is, in effect, saying: “Look at me! I’m a thoughtless person who doesn’t have anything better to do with his time”. That’s on top of the fact that users are exposing their thoughts, actions, and whereabouts to the NSA, the FBI, the CIA and any of a hundred other nefarious agencies. In fact, there are credible allegations that Facebook, along with Google and Amazon, are willing tools of these intelligence agencies. No good can come of being a Facebookista.

But that’s about whether you should use Facebook. Whether you should own Facebook stock is a different question. Even after the recent selloff, Facebook still has a market cap of about $500 billion, which impresses me as a lot for a chat site cum advertising vehicle. Especially one where most of its growth is behind it. A lot of users are getting hip to the fact they’re not customers, they’re the product.

Facebook was a clever innovation ten years ago. But you know, there’s an old saying in the stock market: High Tech, Big Wreck!

Just as Myspace was displaced by Facebook, I predict Facebook 2.0 will come along and replace Facebook. My understanding is that kids now see Facebook as something used by old people– people over 21 years of age. So if it’s going nowhere with the younger generation, where’s it’s future? Maybe it picks up a billion new users in the Third World. Ultimately, what’s that worth?

Facebook may not be a terminal short sale, but I certainly won’t be putting any of my own money into the stock.

Joel: Assuming you’re correct and Facebook 2.0 does displace the current market leader, are you hopeful that such a platform may serve to promote a heightened level of discourse? Perhaps people might find their way into “phyles,” that is, subgroups based on commonly shared values that actually have real world meaning?

Doug: I hope that, in a year or two, International Man itself grows into a community of likeminded people with above average I.Q.s, libertarian values, and real world experience. IM might, itself, even branch off to become its own kind of Facebook. A private version.

I know there’s a lot of talk about regulating FB, or breaking it up. That’s a bad idea; the government should have zero to do with business in general—and areas related to free speech in particular. I’m disgusted by the fact FB has kicked Alex Jones and others off their platform. But they have a right to do so, as a private company. Although, on the other hand, they’re almost a creature of the State.

But that’s not an excuse for the government to “step in”. What will happen is that a newer, better Facebook lookalike—or a dozen of them—will replace them. FB will self-destruct. It’s a non-problem.

To be frank, you and I don’t really have that much in common with most of the 7.3 billion people on this planet. In fact, while I like many individual humans, I despise humanity in general. The more people you put together in a group, the more they act like chimpanzees. Big groups force down the lowest common denominator.

There’s some cause for optimism, but only on a person-to-person basis. I prefer the company of people who value free minds and free markets—and I suspect most people who are reading this now feel the same way.

Joel: That’s probably a very good note to end this conversation on, Doug. Thanks, as always, for taking the time.

Doug: Meanwhile, we’ll look for something with the potential of Facebook in 2008… and stay away from Facebook today.

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Why did Erdogan free two Greek soldiers after six months in a Turkish prison?

The Duran – News in Review – Episode 83.

Alex Christoforou

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Two Greek soldiers freed after months in a Turkish prison returned to Greece by government jet after their unexpected release by a Turkish provincial court.

Greece’s Defense Minister Panos Kammenos said he phoned his Turkish counterpart to express his satisfaction with the soldiers’ release and invite him to visit Greece.

Kammenos told reporters, referring to the Feast of the Dormation, which falls on August 15 and to the Italian torpedoing on a Greek warship on this day in 1940…

“This is a great day for our motherland, the day of Our Lady, the day of Tinos in 1940.”

“I hope that their release…will herald a new day in Greek-Turkish relations. We can live together peacefully, for the benefit of both our peoples.”

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris examine the reasons behind Erdogan’s unexpected overture to Greece, with the sudden release of two Greek soldiers held in a Turkish prison for nearly 6 months.

Remember to Please Subscribe to The Duran’s YouTube Channel.

Via Ekathimerini

The soldiers – 2nd Lieutenant Angelos Mitretodis and Sergeant Dimitris Kouklatzis – were met by Kammenos, the army chief of staff and an honor guard after their arrival at 3 a.m. at the airport in the northern city of Thessaloniki.

“All I want to say is thank you,” Mitretodis told reporters.

The men were arrested on March 1 for illegally entering Turkey after crossing the heavily militarized land border. Greece strongly protested their long detention in the western town of Edirne, arguing that they had strayed across during a patrol of a trail of suspected illegal immigration amid poor visibility due to bad weather.

Prime Minister Alexis Tsipras welcomed their release as “an act of justice,” and provided the jet he uses on official foreign journeys to bring them back.

Their release “will contribute to strengthening friendship, good neighborly relations and stability in the region,” Tsipras said in a statement. “I want to congratulate and thank (the two men) and their families for their fortitude, patience and trust in our efforts, which were finally justified.”

In Athens, the Foreign Ministry said: “We welcome the release of the two members of the Greek armed forces … following more than five months of unjustified custody in Edirne prison. This decision by the Turkish authorities is positive and will contribute to the improvement of Greek-Turkish relations and the friendship between our people.

“The constant efforts exerted by the Prime Minister, the Foreign Ministry and the diplomatic and consular missions of Greece in Turkey have borne fruit. Once again diplomacy is the biggest winner.”

The men’s arrest had considerably strained Greek-Turkish relations. Kammenos had claimed that they were being held “hostage” by Turkey, which is trying to secure the extradition of eight Turkish servicemen who fled to Greece after the 2016 failed military coup in Turkey.

Ankara accuses its servicemen of involvement in the coup, but Greek courts have refused to extradite them, arguing they would not get a fair trial in Turkey and their lives would be in danger there.

The two Greeks were released Tuesday pending the outcome of their trial by a Turkish court. Turkey’s state Anadolu Agency said that in a court hearing to review a request for their release the two said in their defense that they had crossed the border by mistake.

Mitretodis’ father told the AP that his son had shown great strength in prison.

“My wife phoned and told me the news, and at once I called the Greek consul (in Edirne) and confirmed that the lads have been set free,” Nikos Mitretodis said. “They didn’t do anything wrong, and they spent a long time in prison. But they were strong during all that time, and remain strong, they have to be.”

“I want to thank everyone for their solidarity – the media, our political leadership, the Church and anonymous people who stood by us,” he added.

Greek President Prokopis Pavlopoulos said the release of the two soldiers “on the one hand constitutes a basic act of justice on the part of the Turkish authorities. On the other hand, it shows how Turkey can and should continue to fully reestablish the climate of friendship and good neighborliness with Greece”.

Main opposition New Democracy leader Kyriakos Mitsotakis said: “The release of the two Greek officers is happy news amid the gloomy summer that our country is experiencing. All Greeks await their return with joy and emotion.”

In Brussels, European Commission President Jean-Claude Juncker said he was delighted by news of the Greek soldiers’ imminent release. “As I said (before) … Turkey has nothing to fear from its European neighbors. We want to see a democratic, stable and prosperous Turkey,” he posted on Twitter.

Authored by Raul Ilargi Meijer via The Automatic Earth blog:

On August 15, Greeks celebrate the “Dormition (or the Assumption) of the Virgin Mary (in Greek: Koimisis tis Theotokou). The holiday commemorates the “falling asleep” or death of the Theotokos (Mary, translated as “God-bearer”). August 15, one of the most important holidays in the Orthodox calendar, is celebrated across the country, and is a date when many Greeks leave the towns and cities where they live and work to return to their home villages.”

Stole that bit from the local Kathimerini paper. And I would add: while most Athenians leave for the islands, along with about 2 billion tourists. Thought I’d bring up the national holiday because in Turkey, they celebrate the same. The orthodox church is still going strong in both countries. Even if Turkey is leaning increasingly towards Islam. And even then: the House of the Virgin Mary shrine in Turkey, which the Apostle John is supposed to have built for her, on a mountain overlooking the Aegean, the place where Mary is said to have spent her last years, sees both Christian and Muslim pilgrims.

All this can’t be seen apart from some recent developments between the two countries. Turkey had been holding two Greek servicemen in jail after they crossed a border in bad weather early March.

Athens got a phone call from Ankara, probably to Kammenos, not Tsipras, that said: you come get them. Whether that call was before or after the court decision we’ll probably never know. A bit of a shame, because it could tell us a lot of where the decisions are made in Turkey. Then again, we do have an idea. A mere provincial court that could make decisions that go completely against what Erdogan desires? What are the odds? But stick around.

Here’s what’s interesting about this: the two soldiers, who had been in detention for almost half a year, were released by a provincial court, and got back home on a joint Turkish/Greek national holiday. What’s not to like?

But then this: a few hours after they arrive home on PM Tsipras’ own government jet at 3pm, another Turkish court decides that an appeal for American pastor Brunson to be released, is denied. Brunson is the guy Trump wants freed. John Bolton has said there’ll be no more talks until that is done. But if one court takes a decision that at least on the face of it goes against supreme ruler Erdogan’s demands, and another decides differently, Erdogan can claim the pastor’s fate is out of his hands: it’s the court system that decides.

That victory over Trump, concerning not freeing the pastor, is apparently worth more to him than the defeat of not exchanging the soldiers for the 8 Turkish servicemen who have gotten asylum in Greece. Something Erdogan is allegedly very angry about, because he accuses them of being party to the 2016 ‘coup’. He’s trying to play chess with Trump.

*****

And then Reuters has this just now:

Erdogan Spokesman Says Problems With US Will Be Resolved

Turkish President Tayyip Erdogan’s spokesman said on Wednesday he expected problems with the United States, which helped drive the lira to record lows, to be resolved but Washington must stop trying to influence Turkey’s judiciary. Ibrahim Kalin also told a news conference that Turkey would exercise its rights if the U.S. does not deliver F-35 jets to Ankara. The lira, which has rallied after hitting a record low of 7.24 to the dollar, would continue to recover, he said.

Via The Automatic Earth blog:

A masterstroke? Did Erdogan just succeed in making everyone, including Trump, believe the Turkish judiciary system is impartial, and he’s not the one keeping Brunson from leaving the country? Sure looks like he tried. “Sorry, Mr. Trump, it’s out of my hands.. A judge let the Greek soldiers go, and I didn’t want that either..”

Problem is, everyone knows Erdogan fired half the judiciary system and 90% or so of the press, accusing them of being part of the same coup plot as Gülen and the pastor Brunson. It’s almost amusing. Almost, because innocent people’s lives are being played out on some primitive chess board and sacrificed against dreams of ever more power. Only a pawn in their game.

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