WHAT HAPPENS AFTER THE COLLAPSE? You need to know about these 3 media blackouts
by
Don Hank
Regarding
geopolitics, economics and finance, and US foreign policy, there are
three key developments that almost all media outlets, including
independent web sites, are ignoring. The main reason for this blackout is no
doubt the fact that most of the staffs of these outlets rely on monolingual
sources, while the best of them merely supplement their offerings with news
from European language sources, paying little attention, for example, to the
Russian-language and Asian-language press. I am not implying that they
ignore English-language reports from the foreign media. However, as
shown below, the English language versions of news from Asia, for example,
may differ greatly from the native language versions, and this means a lot
of important news is blacked out for news
consumers.
Another
reason is lack of interest on the part of both editors and the US
public. Both parties have been taught from infancy that the US is the center
of the universe, that we are the keepers of morality and righteousness and
that we, and our dollar, are the masters of the universe. The rest of the
world must therefore follow our lead and dissenters must be punished. Hence,
events and opinions in foreign countries are of little or no interest or
value except as a measure of our need to respond.
Another
important factor in the blackout is politics. Neocons who rely on a public
conviction of US exceptionalism to promote their wars naturally do not want
you to know the opinions of foreigners. They strongly suggest that any
foreign government or public that disagrees with the US government is the
enemy, in keeping with GW Bush’s declaration “if you’re not for us you’re
against us.” Both major political parties agree on the whole because, after
all, war is the best source of their power. It is their bread and
butter.
These
three ignored developments are:
1)
the rapid progress being made in the use of the Chinese RMB Chinese RMB (yuan) in international
trade,
2)
the rapid economic and financial dissociation of traditional allies
from the US, as evidenced by the growing number of RMB clearing centers in
Europe and Asia (as detailed in the article linked above) and by the
association of the major economic powers with the AIIB (China's Asian Infrastructure
Investment Bank), and the implications thereof for the US dollar; and
3)
More ominously, the association of Saudi Arabia, the country that has been
back-stopping the petrodollar since 1973, with this Chinese
bank.
Thus, key
US allies are following the money to China and will not come back. They have
finally seen that there is nothing here for them. Worse, Europe still
resents the consequences of its purchases of subprime mortgage junk. They
are aware, if only subconsciously, that the economic debacle of 2008 was
triggered by irresponsible US banking and regulatory policies and was the
cause of the European malaise today. The US response has been that no one
forced them to buy our junk, but they resent the fact that our evaluating
agencies assigned high grades to this junk, deceiving them into
buying.
This
dissociation of former allies from the US suggests that dedollarization is
proceeding at break neck speed and that the phenomenal growth of the RMB,
coupled with the blackout of these developments in the media suggests that
Americans are almost completely unprepared for the coming consequences. The
silence of the financial and economic media, the general media and even most
of the independent media on these issues show that we are like cattle
awaiting the slaughter of our savings.
Putting
my characteristic modesty aside for now, I believe I was probably the first Western analyst
to warn of the rapid growth of the RII (RMB Internationalization Index) and
its dedollarizing effect. This is because I have observed that most news
agencies do not monitor the foreign language press, especially the
Chinese-language media, which I have found do not report in their English
language editions the same information that they present in their media for
home consumption. This is no doubt part of their desire for harmony, a very
important Confucian concept that has survived Mao's Cultural Revolution
intact. Thus the reserve they show in their reporting is not so much
deliberate censorship as it is a sensitivity to our sensibilities as a
trading partner. Similarly, due to long standing traditions of diplomacy,
the Europeans decline to state outrightly that they disagree, for example,
with our virulently anti-Russian policies (I infer this, for example,
from talk shows I view regularly on Deutsche Welle).
In
a press conference, China's top monetary policy expert Chen Yulu stated last
June that the RII, which then ranked number 9 among internationalization
indices of world currencies, would soar from a ranking of number 9 at that
time to number 3 in just 3-5 years (that was about a year ago, so we can
make that 2-4 years).
Less
than a year later we now read that Europe's major economies, BRICS,
Australia and Saudi Arabia are joining the Chinese AIIB, as stated above,
and turning their backs on the US-dominated World Bank, which has shifted
its focus from aiding Third World development to foisting leftwing social
change on lendee countries, as I have shown here.
Since monetary
expert Chen Yulu was not including this momentous AIIB event in his
calculations, there is a good chance that the RII will rise to 3rd place
much sooner than he predicted. Americans need to be prepared and I know of
no one who is coming even close to preparing them in all 3 of the key areas
listed above. Far from that, major news outlets keep touting the increasing
value of the USD and the US stock market.
To
recap what you need to know about what is coming at you from three
directions, my translation and analysis of the Chinese interview with Chen
Yulu are here:
My
analysis of the association of our allies with the AIIB (amounting to a
rejection of the US-dominated World Bank) is here:
My
analysis of the Saudis' vital role in backstopping the petrodollar (now
coming to an end) is here:
These
analyses show that China and Saudi Arabia control US foreign policy (in part
by controlling our allies) in unseen ways that few or no
Western geopolitical analysts are reporting.
All
of the above-described blacking out of vital news leads to utterly failed
foreign policies and uninformed investments for both households and
business. I would encourage you to study these analyses and use them as a
basis for personal financial decisions, and for communication with friends
and family about the coming dedollarization and the course that America must
take to avoid disastrous conflicts.
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