The Great Global Power Shift: It's Already Here

[marmar]

from BlackAgendaReport:



The Great Global Power Shift: It's Already Here
A Black Agenda Radio commentary by Glen Ford
"The U.S. subprime crisis is only a symptom of a much larger, global sea change."



Americans of all races behave as if the United States is the center of the world. This is quite dangerous, not just to the 95 percent of the world's people who do not live in the United States, but to the U.S. population, as well. The planetary financial pyramid atop which the U.S. has perched its over-fat and undeserving butt for over 60 years, is in a state of transformation. The countries that actually produce things - oil, gas, manufactured goods, minerals, and most of the planet's agricultural commodities - can no longer support the dead weight of artificial and pretentious U.S. claims to supremacy.

Most of us are somewhat familiar with the dollar's problems, its ever-falling value. But the global system, itself, is hopelessly out of balance, and has outlived its usefulness. The grand schemes and dreams of corporate globalism, centered in the U.S., haven't worked out as the American ruling elite expected.

Corporate globalism was supposed to open up vast new markets to U.S. companies and money-masters, and to hopelessly entangle foreign governments and elites in a system controlled by U.S. financial institutions and their servant organizations like the International Monetary Fund and the World Bank. The United States wouldn't have to manufacture anything anymore, but would remain top dog by "servicing" the world economy - at a premium, of course. That's why all those office skyscrapers have replaced factories in American cities.

If anybody in the rest of the world didn't like this arrangement, the U.S. military was available to Shock and Awe them into submission. That's why the United States spends more money on weapons than all of the rest of the planet, combined.

The dollar was a weapon, too. Since it was the only world reserve currency, the dollar could be used as a club to beat down resistance among nations that wanted to cut a better deal for themselves in the world market. ......(more)

The complete piece is at: http://www.blackagendareport.com/index.php?option=com_content&task=view&id=532&Itemid=36

[GreenPartyVoter]

1. It's true. We were all set to be the king to their serfs. But the joke is on us, isn't it?

[Hydra]

2. Something will happen soon

because this crisis was dreamt up by Bushco. I don't think I want to know what their solution is.