The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.
The United States has been controlled by imperialist financiers since the deaths of FDR and JFK. It engages in every kind of imperialist brutality, slaughtering and immiserating millions. My question, however, is like that of Garland Nixon whom I previously posted. Is Trump worse in this respect than Biden, Obama, Bush or Clinton? I suggest the opposite. So far, he has been better than those neoliberalcon puppets of imperialism. He is just refreshingly unorthodox and less hypocritical.
Sachs says that the US has been an imperial power for decades. Trump is just more open and honest about it. I say that’s better than being hypocritical, because both our European vassals and our own people can see the naked reality. Yes, the Emperor has no clothes, and that’s a good thing, not a bad one. That’s the only reason anybody is shocked by Trump. I have my doubts about Sachs’ theory that Trump took back his threat to take Greenland by force because the stock market tumbled the day before. Sachs does not know what is in Trump’s mind either. My understanding all along has been that Trump intends to purchase Greenland, and he has the leverage to buy it at a bargain price. It would be nice if he gave half the money to Denmark and the rest to its residents, but that is wishful thinking on my part. Trump did not take anything back at Davos.
Mark Carney was the governor of the Bank of England. I’m sure he did a hell of a lot of damage while in that position. I’m sure he also understands better than just about anyone how finance capital controls countries. Life goes on and things change. You cannot step in the same river twice. Carney is now the Prime Minister of Canada who sees his country being threatened by the United States. He sees the writing on the wall and goes off to China. Canada will be joining the BRICS. The dim bulb European leaders will follow suit. They will also stop being vassals, join the BRICS, and start getting gas and oil from Russia again. Nothing else makes economic sense. Is that good or bad? Very good, I say.
Scott Bessent, Trump’s head of the Treasury, is a hedge fund manager and long-time partner of George Soros in the attack on the English pound. If there is anything he is an expert in, it is in how to destroy currencies. He is really proud of himself about the way he caused the Iranian currency to collapse, generating large protests which were turned into riots by Mossad agents and networks among them. Yes, economic statecraft without firing a shot. Well, not quite. Quite a few people did die in those riots, perhaps several thousand. The objective was regime change, and the riots were supposed to be followed by a US-Israeli attack to finish the job. But the riots fizzled out, to some extent because Russia helped Iran disable Elon Musk’s Starlink, which was being used to organize the riots. Again, Sachs is not saying that these well known-facts are something new. He is saying that what is new is that Bessant is “letting the cat out of the bag” by saying it in public. Again I ask, is this worse than what previous administrations have done all over the world? Again I answer no, it isn’t.
Sachs says he deplores Trump’s behavior and is sorry for Denmark and the Europeans, but at the same time he thinks it is a lesson that they deserve and that is waking them up to reality. Trump’s outrageous behavior is helping this process. Sachs ends on a note of optimism, placing his hopes in a turnaround by Germany, pointing out how Merz recently said Russia is a European country. Like Mark Carney going to China to talk to Xi, Merz may start sending envoys to talk to Russia about repairing economic relations instead of getting wiped out in a war. Sachs says Russia still wants good relations with Europe as well as the US. France and Italy may soon begin to go along with this too. Sachs leaves out Britain. It’s hard to conjure up any hope for them.
I think this is a great high-level discussion between these two top analysts. I highly recommend it.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of this site. This site does not give financial, investment or medical advice.


Re: “The United States has been controlled by imperialist financiers since the deaths of FDR and JFK.”
The United States has been controlled by imperialist financiers since the passing of ‘The Federal Reserve Act in 1913, which centralised the power into a privately owned entity that controls credit creation, Interest rates/Inflation and subsequently employment.
Except that FDR managed to turn this around during the depression. After his death the bankers came back with a vengeance.