Blog Archive

Tuesday, March 28, 2023

It appears the world is moving on, without the U.S.

 MORE AVOIDANCE, RATHER THAN CONFRONTATION

HAS THE U.S. LOST ITS PRESTIGE AND CREDIBILITY



The United States does in fact have the best economic and political system in human history. If only we could have really lived by it both at home and in our international relations. Sadly, we are no longer that "Light upon the Hill" when our political and economic reality is viewed from a distance. 

While it is true, that millions seek to come here as it is still the best option for opportunity, compared to the rest of the world. The luster is off as far as how we are viewed by much of the world. 

Economically, we have abused our economic standing by devaluing the dollar. It is far from being considered as "good as gold". Many objective observers understand that this country has engaged in a suicidal orgy of deficit spending that has no remedy. The economic policies of this country could only be engaged in by a country whose currency is the Global reserve currency. Which is most likely to soon be a thing of the past. This will happen, not be economic warfare by our enemies, but the disregard for sound economic policy of our political leaders. 

It is a fact that much of the world is interested in an alternative to the dollar as a global currency. Some have suggested that the Yuan or a middle east gold backed currency would be an alternative, but it is now being considered that a different approach should be followed. It seems there are proposals that countries would trade in and accept their own currencies and then have periodic settlements of deficits with the exchange of gold. It would in fact be a sort of gold backed exchange system. I suspect if a country ran large deficits, they would soon be out of gold and then out of business, until they engaged in sound domestic economic policy. It would be a new system that would not be dominated by any one country. Such a system may in fact come into existence in the eastern and southern world. 

Such a system would not be necessarily an attack on those countries who have been running such deficits, but would require them, if they want to do business, to engage in sound economic policies. 

Then there is the view that the United States is no longer the leader in orchestrating peace around the world. After 30 years of war, death and destruction, some are exploring alternatives to advancing world stability.

We see the recent reopening of embassies between Iran and Saudi Arabia, the initiatives from Russia, Iran,Turkey and China to end the decade old war in Syria. Time will tell if these initiatives can convince Iran to stop meddling in other countries affairs in exchange for economic opportunity.

We now see that representatives from France, Spain and the EU are going to Beijing to discuss the Ukraine war. It does appear that much of the world is looking for alternatives to U.S. leadership. Is this a plot to damage the U.S. or just the natural consequences of an unsuccessful foreign policy. A policy that has relied too much on force rather than persuasion and a good example.

The United States needs to get its own house in order before it can be an effective part of the world. We see political prosecutions, the cooperation between the government and the media to suppress free speech, a constant propaganda war that is often based on obvious outrageous lies. Complete abandonment of sound economic policies, often to buy votes or influence social agendas. Not the "Light upon the Hill" that would encourage replicating even by some of the most authoritarian regimes. 

Do not doubt that we are in historic times and it can be expected to see huge changes in the global order. Much has been caused by our own poor policy and triggered the natural consequences of those policies. Will we agree to recognize those mistakes and correct them or will we continue to insist we need to set the world agenda, when we cannot even manage our economic and political stability at home.




No comments:

Post a Comment

comments and opinions published at discretion of editor