Showing posts with label Civilization-State. Show all posts
Showing posts with label Civilization-State. Show all posts

Sunday, February 9, 2025

China Already Won the Next Trade War with the US | Keyu Jin

Keyu Jin, a Harvard-educated professor from the London School of Economics, is one of the world’s leading insiders into the Chinese economy. She lays out the exact reasons why China is entering this next trade war with the US from a position of strength. China embraces strategic long-term planning, and when Donald Trump launched his first trade war against China back in 2018, the Chinese learned a valuable lesson: Never be too reliant on your main trading partner. China has long been preparing for reduced exposure to the US, diversifying in all aspects—not just in terms of trading partners and investment, but also in digital currencies and payment systems.  
 
 » Never be too reliant on your main trading partner. Diversify.
Don't be at the mercy of the dollar, nor the US financial system. «
 
Over the past seven years, China has strategically developed key industries that are set to dominate the future of our world: AI, quantum computing, blockchain, e-commerce, EVs, 5G networks, biotechnology and pharmaceuticals, materials science and nanotechnology, advanced manufacturing, 3D printing, robotics, space exploration, high-speed rail, advanced transportation and urban technologies, green technologies, agri-tech, and geoengineering—mirroring the complete technocratic Fourth Industrial Revolution agenda of the World Economic Forum. At Davos, Professor Jin explains how this shift has transformed the global economy:
 
"If you look at industries like electric vehicles (EVs) and solar panels—what they call new productive forces—very little of it is actually going to the US. This shift has pushed China to embrace new opportunities, sign new trade deals, and establish new trading partners. Global trade has actually expanded, and China's position in the world as a share of global exports has risen, while the US's has declined. So, while the US is retreating, China is opening up as much as possible. This is why Premier Li Keqiang (2013-2023) has repeatedly said China will unilaterally open up, offering zero tariffs to the least developed countries. We should not underestimate the degree and pace of fragmentation that is happening—multipolarity and the rise of economic blocs. We are already seeing the data, whether it's investment or trade, regarding the interaction between non-aligned blocs and aligned blocs. If you go around the world, asking the likes of Brazil or Asian countries, what are they saying? The same thing: Diversify. Don't be at the mercy of the dollar, nor the US financial system."

China halted exports of several rare minerals, including gallium, germanium, antimony, and superhard
materials to the US, citing their dual military and civilian uses. In response to a 10 percent levy
on Chinese goods, China also imposed a 15 percent tariff on US imports of coal and LNG.
 
This cannot be overstated. All of these new industries in which China is leading—electric vehicles, solar panels, and high-speed rail—are mostly not going to the United States. In the US you won’t see a single Chinese EV on the road. But in places like Thailand, Australia, and Brazil, Chinese automakers are dominating the market. Look at the top 20 fastest-growing economies on earth: Every single one of them is in the Global South—in the Middle East, North Africa, Asia Pacific, and Sub-Saharan Africa. Meanwhile, not a single American or European country is on that list. Many Western economies are stuck with zero to 3% growth, teetering on the edge of recession. And who is the number one trading partner for every single one of these rising economies? China. China hasn’t just dominated the fastest-growing regions; it has become the largest trading partner for the majority of the world. That’s why China can withstand this tariff war far better than the US.

»
D
eepSeek R1 is AI's Sputnik moment. «
Marc Andreessen, January 26, 2025.

Simply put: China has a plethora of options. But it doesn’t stop there. It’s not just about who is growing; it's also about who is declining. Western economies are not what they once were. The average American—and European, for that matter—simply doesn't have the same disposable income they did decades ago. And this trend is only worsening. This presents a massive problem for Trump, as his biggest leverage in this trade war is supposed to be the US consumer market. But what happens when that market isn't as powerful as it used to be? That only leaves the industrial sector, where the US is simply no match for China.

»
This is China’s, not AI's, “Sputnik moment”. «

At the same time, the United States currently has sanctions on more than a third of the global economy, including 60% of all poor countries. As a Global South country, looking at who to trade with, it’s a no-brainer: China is clearly the better partner. While China has been building bridges and securing trade deals, Trump has been doing the exact opposite—taxing his closest allies. Under his administration, every country or region that has a trade surplus with the United States is now a target. The message is clear: If your country sells more goods to the US than the US sells to yours, you have two options: either relocate your industries to the US or face trade tariffs. Even Canada—one of the United States' closest allies and neighbor—was hit with 25% tariffs before Trump saw the stock market crash and quickly announced a 30-day pause to give time for Canada to negotiate. What Trump will do with the rest of the world has yet to be seen, but one thing is for certain: other countries aren't waiting around to find out. Every major economy is scrambling to diversify and find alternatives to US trade dependence.

» 2025 is the year when the investment community realizes that China is surpassing the rest of the world. «
Deutsche Bank, February 05, 2025.
 
While the US falters and the EU looks for an economic lifeline, Asia has firmly established itself as the center of global economic growth, with China at the helm as the undisputed economic superpower. China now accounts for more than 30% of the world’s total manufacturing output. China has completely leapfrogged the rest of the world in producing sophisticated industrial goods at a scale and cost that no Western country can compete with. 
 
Looking west, the Persian Gulf nations—Saudi Arabia, the UAE, and others—have also begun prioritizing their relationships with China and India. Why? Energy. Asia now accounts for over 70% of total oil and gas exports from the Gulf. This energy trade, combined with the region's critical position along the New Silk Road connecting China to Europe, has turned the Middle East into one of the biggest beneficiaries of this new global economic order. 
 
»
 
I expect a sharp recovery in China’s economy in the latter half of 2025, boosting global performance. «
Simon Hunt, January 11, 2025.
 
The global landscape is quickly changing. One of the fastest-growing economic blocs is ASEAN—the Southeast Asian powerhouse economies of Vietnam, Thailand, Indonesia, and Malaysia. These countries are crucial for China’s future success. The biggest changes in trade can be seen in Asia. Nearly 60% of Asia's trade happens within the region, and half of the world’s fastest-growing trade corridors are there. In 2023, China's exports to ASEAN nations bypassed those from the United States. And with a majority of these countries either already in BRICS or set to join, these trade relationships will only deepen.

 
 » The supreme art of war is to subdue the enemy without fighting. « 

 
 » Americans are not known to like Chinese, nor are they known to like Muslims.
But somehow they like Chinese Muslims a lot. «
Former Foreign Minister of Singapore, George Yeo, on the Xinjiang Uyghur issue, May 23, 2023.

See
also:

Friday, February 2, 2024

Don't Mess with Iran | Seyed Mohammad Marandi

Let's assume that the United States strikes Iran. The United States has bases all across the Persian Gulf. The Iranians will hit out at those bases. And then they will punish those countries that host those bases. What will happen? The price of oil and gas would go through the roof. If they do actually carry out an attack, Iran will respond immediately. Iran has a very powerful missile defense and extremely effective drone capability, and US bases across the region are vulnerable. 
 
The attacks that are taking place in Syria and Iraq show this. But the real reason right now, why the Americans are occupying Iraq and Syria? They say it's to contain Iran and to limit Iran's influence. But in reality, it's about taking away the sovereignty of countries and to strengthen the Israeli regime.

 »If the United States attacks Iran, we will see the demise of the American empire
take place much more rapidly than we're seeing right now.«

Therefore, their critical infrastructure, especially their oil and gas facilities, would be fair game. And that would lead to a global crisis. So that is why I don't think the Americans will actually move in that direction. But if they do, the consequences will be very severe. And the United States will definitely not win in such a conflict. It's more likely that the Americans will strike Iraq and Syria again, and they will claim some sort of victory over terrorists and that sort of nonsense, which they usually say. But it will be like in Yemen. They will have very little impact because the resistance to the US occupation, the illegal occupation in Iraq and Syria, is very well hidden. Their assets are underground. 
 
The Americans escalated in Yemen when the Yemeni armed forces and Saudi Arabia blockaded Israeli ports because of the ongoing genocide. Instead of pushing the Israeli regime to end the genocide, the Americans tried to facilitate the genocide by escalating with Yemen. They launched many missiles, wasted a lot of money, but they were incapable of changing the balance of power. Yemen continues to easily strike ships, and the Americans failed again. They made Ansar Allah or what the West likes to call the Houthis very popular across the region and across the world. And they'll only do the same in Iraq and Syria. 
 

The United States, by pursuing a policy of violence, a policy of hegemony, of imposing its hegemony and occupation, is only making things more difficult for itself. The Iraqi parliament passed a law saying that the Americans must leave, but they won't leave. What do they do instead? They keep the oil money in US bank accounts. And whenever the Iraqi government insists that the US must leave, they start putting pressure on Iraq through withholding their own money. And whenever anyone carries out resistance, they go and bomb Iraqi military bases. That is the arrogance that the United States shows towards the Iraqi people, and that is exactly why the people of Iraq and the people of the region are so hostile towards the United States. 
 
 » Since when has the United States won a war? Has the United States won in Iraq? Has it won in Afghanistan? 
Did it win in Libya or in Syria?  Did it win in the genocide that it supported in Yemen? Did it win in Ukraine? 
The United States is only capable of ruining lives and murdering millions. And they don't care. «

The United States has many bases across Syria. The resistance can kill lots of Americans, but at the moment they don't want to escalate. What they're doing is putting pressure on Americans so that they would end the genocide in Gaza. And they want the Americans to leave their country. The United States occupied one third of Syria, they're selling its oil, and they're stealing Syrian grain. They've sanctioned the Syrian people and they're stealing their oil and grain because they want to make the Syrian people suffer as much as possible in the hope that they will rise up and that the Syrian government would collapse. The brutality of the regimes in Washington and Europe, their terrorists and their military is unbelievable. In Gaza we're seeing their genocide right in front of our eyes. Watching people in Syria suffer because of the Americans stealing their oil and wheat is not so easy to put in a picture or in a small video clip. But it's just as destructive, as inhumane and barbaric. 
 
 38 million people have been displaced by the United States' post-9/11 wars
in Afghanistan, Pakistan, Iraq, Syria, Libya, Yemen, Somalia and the Philippines; 4.5 - 4.7 million have been killed.

All of US calculations across West Asia and North Africa are based upon the interests of the Israeli regime. The people across West Asia, North Africa, and now across the whole world, are disgusted about what they see in Gaza. The Americans and the Europeans destroyed their reputation through their unconditional support for the Israeli regime. 

Sunday, January 21, 2024

Carl Schmitt's Land and Sea │ Alexander Dugin

In 1942, Schmitt published the most important work, Land and Sea. Together with the later text Planetary Tension between the East and the West and the Confrontation of the Land and the Sea, this constitutes the most important document of geopolitical science. 
 
The destruction of Leviathan by Gustave Doré, 1865.
 » World history is a history of the battle of sea powers against land powers
and of land powers against sea powers.
«
Carl Schmitt, 1942.

The meaning of opposing land and sea in Schmitt comes down to the fact that we are talking about two completely different, irreducible and hostile civilizations, and not about variants of a single civilization complex. This division almost exactly coincides with the picture drawn by Mackinder, but Schmitt gives its main elements of thalassocracy (sea forces) and tellurocracy (land forces) an in-depth philosophical interpretation related to basic legal and ethical systems. It is curious that Schmitt uses the name Behemoth for land forces, and Leviathan for forces of the sea, as a reminder of two Old Testament monsters, one of which embodies all land creatures, and the other all creatures of water, the sea.
 
 » The holy king of Gods and men I call, celestial law  (Nomos) the righteous seal of all. «
Orphic Hymns to Nomos 63 (2nd or 3rd century AD).

The Nomos of the Earth exists without alternative for most of human history. All varieties of this Nomos are characterized by the presence of a strict and stable legalizing (and ethical) form, which reflects the immobility and fixity of the land, the Earth. This connection with the Earth, the space which is easily amenable to structuralization (fixed borders, constancy of communication paths, invariable geographical and relief features), gives rise to essential conservatism in the social, cultural and technical spheres. The totality of the Earth’s Nomos constitutes what is commonly called the history of the traditional society
 
In such a situation, the water and the sea are only peripheral civilizational phenomena, without intruding on the ethical sphere (or intruding sporadically). Only with the discovery of the World Ocean at the end of the 16th century does the situation change radically. Mankind (and first of all, the island of England) begins to get used to the marine existence, begins to realize itself as an Island in the middle of the waters, a Ship. But the water area is very different from the land. It is impermanent, hostile, alienated, subject to constant change. The paths are not fixed in it, the differences in orientations are not obvious. The Nomos of the Sea entails a global transformation of consciousness. Social, legal, and ethical standards are becoming fluid. A new civilization is born. Schmitt believes that the New Time and the technical breakthrough that opened the era of industrialization owe their existence to the geopolitical phenomenon of the transition of mankind to the Nomos of the Sea. Thus, the geopolitical confrontation of the Anglo-Saxon world of the external crescent acquires a sociopolitical definition from Schmitt: 
 
» The Nomos of the Sea is a reality hostile to traditional society« 
 

The Defeat of the West │ Emmanuel Todd

Emmanuel Todd, historian, demographer, anthropologist, sociologist and political analyst, is part of a dying breed: one of the very few remaining exponents of old school French intelligentzia. Todd was the first Western intellectual, already in 1976, to have predicted the fall of the USSR in his book La Chute Finale (The Final Fall), with his research based on Soviet infant mortality rates [...] The first nugget concerning his latest book, La Défaite de l’Occident (The Defeat of the West) is the minor miracle of actually being published last week in France, right within the NATO sphere: a hand grenade of a book, by an independent thinker, based on facts and verified data, blowing up the whole Russophobia edifice erected around the 'aggression' by 'Tsar' Putin.
 
Behemoth, the land monster (land forces), and Leviathan, the sea monster (sea forces), killing each other.
Engraving by William Blake (1757–1827).

Todd focuses on the key reasons that have led to the West’s downfall. Among them: the end of the nation-state; de-industrialization (which explains NATO’s deficit in producing weapons for Ukraine); the “degree zero” of the West’s religious matrix, Protestantism; the sharp increase of mortality rates in the US (much higher than in Russia), along with suicides and homicides; and the supremacy of an imperial nihilism expressed by the obsession with Forever Wars. Todd methodically analyses, in sequence, Russia, Ukraine, Eastern Europe, Germany, Britain, Scandinavia and finally The Empire. Let’s focus on what would be the 12 Greatest Hits of his remarkable exercise:

1. At the start of the Special Military Operation (SMO) in February 2022, the combined GDP of Russia and Belarus was only 3.3% of the combined West (in this case the NATO sphere plus Japan and South Korea). Todd is amazed how these 3.3% capable of producing more weapons than the whole Western colossus not only are winning the war but reducing dominant notions of the “neoliberal political economy” to shambles.
2. The “ideological solitude” and “ideological narcissism” of the West – incapable of understanding, for instance, how “the whole Muslim world seems to consider Russia as a partner rather than an adversary”.
3. Todd eschews the notion of “Weberian states” – evoking a delicious compatibility of vision between Putin and US realpolitik practitioner John Mearsheimer. Because they are forced to survive in an environment where only power relations matters, states are now acting as “Hobbesian agents.” And that brings us to the Russian notion of a nation-state, focused on “sovereignty”: the capacity of a state to independently define its internal and external policies, with no foreign interference whatsoever.
4. The implosion, step by step, of WASP culture, which led, “since the 1960s”, to “an empire deprived of a center and a project, an essentially military organism managed by a group without culture (in the anthropological sense)”. This is Todd defining the US neocons.
5. The US as a “post-imperial” entity: just a shell of military machinery deprived of an intelligence-driven culture, leading to “accentuated military expansion in a phase of massive contraction of its industrial base”. As Todd stresses, “modern war without industry is an oxymoron”.
6. The demographic trap: Todd shows how Washington strategists “forgot that a state whose population enjoys a high educational and technological level, even if it is decreasing, does not lose its military power”. That’s exactly the case of Russia during the Putin years.
7. Here we reach the crux of Todd’s argument: his post-Max Weber reinterpretation of The Protestant Ethic and the Spirit of Capitalism, published a little over a century ago, in 1904/1905: “If Protestantism was the matrix for the ascension of the West, its death, today, is the cause of the disintegration and defeat.Todd clearly defines how the 1688 English 'Glorious Revolution', the 1776 American Declaration of Independence and the 1789 French Revolution were the true pillars of the liberal West. Consequently, an expanded 'West' is not historically 'liberal', because it also engineered “Italian fascism, German Nazism and Japanese militarism”. In a nutshell, Todd shows how Protestantism imposed universal literacy on the populations it controlled, “because all faithful must directly access the Holy Scriptures. A literate population is capable of economic and technological development. The Protestant religion modeled, by accident, a superior, efficient workforce.” And it is in this sense that Germany was “at the heart of Western development”, even if the Industrial Revolution took place in England. Todd’s key formulation is undisputable: “The crucial factor of the ascension of the West was Protestantism’s attachment to alphabetization.Moreover Protestantism, Todd stresses, is twice at the heart of the history of the West: via the educational and economic drive - with fear of damnation and the need to feel chosen by God engendering a work ethic and a strong, collective morality - and via the idea that Men are unequal (remember the White Man’s Burden). The collapse of Protestantism could not but destroy the work ethic to the benefit of mass greed: that is, neoliberalism.
8. Todd’s sharp critique of the spirit of 1968 would merit a whole new book. He refers to “one of the great illusions of the 1960s – between Anglo-American sexual revolution and May 68 in France”; “to believe that the individual would be greater if freed from the collective”. That led to an inevitable debacle: “Now that we are free, en masse, from metaphysical beliefs, foundational and derived, communist, socialist or nationalist, we live the experience of the void.” And that’s how we became “a multitude of mimetic midgets who do not dare to think by themselves – but reveal themselves as capable of intolerance as the believers of ancient times.
9. Todd’s brief analysis of the deeper meaning of transgenderism completely shatters the Church of Woke – from New York to the EU sphere, and will provoke serial fits of rage. He shows how transgenderism is “one of the flags of this nihilism that now defines the West, this drive to destroy, not just things and humans but reality.” And there’s an added analytical bonus: “The transgender ideology says that a man may become a woman, and a woman may become a man. This is a false affirmation, and in this sense, close to the theoretical heart of Western nihilism.” It gets worse, when it comes to the geopolitical ramifications. Todd establishes a playful mental and social connection between this cult of the fake and the Hegemon’s wobbly behavior in international relations. Example: the Iranian nuclear deal clinched under Obama becoming a hardcore sanctions regime under Trump. Todd: “American foreign policy is, in its own way, gender fluid.”
10. Europe’s “assisted suicide”. Todd reminds us how Europe at the start was the Franco-German couple. Then after the 2007/2008 financial crisis, that turned into “a patriarchic marriage, with Germany as a dominant spouse not listening to his companion anymore”. The EU abandoned any pretention of defending Europe’s interests - cutting itself off from energy and trade with its partner Russia and sanctioning itself. Todd identifies, correctly, the Paris-Berlin axis replaced by the London-Warsaw-Kiev axis: that was “the end of Europe as an autonomous geopolitical actor”. And that happened only 20 years after the joint opposition by France-Germany to the neocon war on Iraq.
11. Todd correctly defines NATO by plunging into “their unconscious”: “We note that its military, ideological and psychological mechanism does not exist to protect Western Europe, but to control it.
12. In tandem with several analysts in Russia, China, Iran and among independents in Europe, Todd is sure that the US obsession – since the 1990s - to cut off Germany from Russia will lead to failure: “Sooner or later, they will collaborate, as “their economic specializations define them as complementary”. The defeat in Ukraine will open the path, as a “gravitational force” reciprocally seduces Germany and Russia.

[...] Whatever the deadline, inbuilt in all this is a total Russia victory – with the winner dictating all terms. No negotiations, no ceasefire, no frozen conflict – as the Hegemon is now desperate spinning.

 
 

Saturday, January 6, 2024

Sacred Defense │ Imam Ali Khamenei

In the Name of God, the Compassionate, the Merciful. All praise is due to God, Lord of the Worlds, and peace and greetings be upon our Master, Muhammad, and his pure, immaculate, chosen Progeny, particularly the Remnant of God on earth.
 
» All praise is due to God, Lord of the Worlds. «
Imam Sayyid Ali Khamenei, Supreme Leader of the Islamic Republic of Iran, 2023.

If our succeeding generations learn about the important, meaningful aspects of the Sacred Defense and realize how the Iranian nation was able to reach the heights of victory and to stand up there with power and pride, they will learn great lessons from it and they will achieve great things.

Up until now, we have not been able to make known the details of this great, colorful painting. In every piece of it there is so much beauty, and so much meaning and depth that one is amazed. Each piece of it is like this, and this information must be made known to people.

 
Imam Ali Khamenei, January 04, 2024,
commenting on Israel's genocide in Gaza - the day after the terrorist attack in Kerman, Iran, 
killing at least 91 and injuring 284 people. CIA, Mossad and ISIS are actors of the same Zionist project.

Friday, January 5, 2024

The Rest Against The West │ Samuel P. Huntington

In the 21st century the central axis of world events will be conflict between Western and non-Western civilizations, conflict between the West and the Rest. The Rest has three options:
 
  • Surrender and submission
  • Isolation and protection of sovereignty and values. The costs are very high. Only few pursue this option.
  • Protection and defense of values and sovereign institutions through constant development of economic-military power and through cooperation and alliance with the West's other enemies.
Reference:
 
 Projection from Bharat.

Benjamin Netanyahu, 1990.
 
The man who ruined all the US’s illegitimate plots in West Asia:
Qasem Soleimani, Major General, Commander of 41st Tharallah Division of Kerman Quds Force (1957-2020).

»
The world is witnessing an asymmetrical confrontation between two opposing sides, which has displayed the peak of brutality as well as desperation on one side and innocence along with heroic resistance on the other side. With a broader look at the years of confrontation and conflict between Global Arrogance and its vassals in West Asia on the one hand, and the Resistance Front and popular forces on the other hand, there remains no doubt that the astonishing work by Hamas and the residents of Gaza in Palestine are the domino effect of successive defeats of the hegemons and global colonialism in the region. «

See
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Sunday, December 31, 2023

The Time of the Civilisational States │ Alain de Benoist

The way in which, since the 1990s, the Chinese authorities, claiming to have ‘Asian values’, have rejected criticism in the name of the human rights ideology is significant. In January 2021, at the Davos Forum, Xi Jinping said, ‘Just as no two leaves in the world are the same, no two histories, no two cultures, no two social systems are the same. Each country is unique in all these areas, and no country is superior to another. There is no need to worry about differences, but rather about attempts to impose a hierarchy between civilisations or to force some of them to align themselves with another in terms of history, culture or social system.’

 » The logic of great spaces does not have a universalist scope. The paradigm is no longer national, but spatial. «
Carl Schmitt, 1941.

The recognition of the crisis of universalism and Western hegemonism thus goes hand in hand with the feeling that the era of the international order based on the conflicting balance of nation-states has ended, as Carl Schmitt foresaw as early as the 1930s. The rise of civilisational states signals the entry into an era in which the world order is no longer reduced to the unstable equilibrium of nation-states. As civilisational norms become a pivotal point in geopolitics, the main competition is no longer the traditional one between nation-states but the one between civilisations. Civilisational states give rise to a new mode of sovereignty that is no longer that of nation-states. 
 
[...] The notion of the civilisational state is even more reminiscent of the ‘great space’ (Großraum) theorised by Carl Schmitt to rethink international relations beyond the codification of relations between nation-states. A ‘great space’, Schmitt says, requires a ‘great people’, a vast territory and an autonomous political will. ‘Empires’, he writes, ‘are those ruling powers that carry a political idea radiating out into a determined great space from which they exclude, as a matter of principle, the interventions of foreign powers.’ And he adds this essential reminder: ‘The empire is more than an enlarged state, just as the great space is not just an enlarged micro-space.’ ‘The logic of great spaces does not have a universalist scope. It only integrates the historical evolution of the great territorial powers influencing third countries. The paradigm is therefore no longer national, but spatial.

Saturday, November 11, 2023

Ratings of a Failed Empire

War is war. The US budget deficit for the first 9 months stood at a staggering $2 trillion when the US Treasury declared it would add another $776 billion to US debt before 2023 ends. These were absolute and unprecedented historical records. More war? No problem.
 
 2021  ─  Old news still good.

 
2023  ─ End game of US forces in the Sahel, in the Gulf, 
the Red Sea, the Black Sea, in Iraq, Syria, Ukraine, and Palestine.

Yesterday  ─  November 10  ─  the US government attempted to borrow $24 billion by selling some fresh 30-year debt. It was a huge disaster. In order to attract enough buyers, the rate had to be raised sharply. And even so, the major US banks had to buy 25% of the debt because there were no other buyers at all. Even frequent buyers like Japan didn't participate this time. With buyers catastrophically scarce, the US government keeps borrowing more than ever and has no intention of stopping. Well, if they really want to borrow such amounts, they will be forced to offer ever higher rates to attract lenders. Everyone knows what high interest rates are doing to their economy and people. The Biden administration's debt isn't just getting more expensive to service. It's also getting harder and harder to sell at all
 
 The never-bankrupt-empire's yield   ─  November 7 - 10, 2023.
 
Moody's downgraded the outlook on the US credit rating to 'negative' from 'stable', citing large budget deficits and declining debt affordability, prompting immediate criticism from President Joe Biden's administration. The revised view from Moody's means the likelihood of a further downgrade of the US over the next 12 months. The ratings agency said that "continued political polarization" in US Congress raises the risk that lawmakers will not be able to reach consensus on a fiscal plan to slow the decline in debt affordability. Etcetera.
 
The American special tribute toll to the masters of their fate  ─  2007 - 2053.

Moody’s was the only and last of the three main credit rating businesses with a top rating on the US after Fitch Ratings downgraded the US government in August following their latest 'debt-ceiling battle'. S&P Global Ratings stripped the US of its top rating in 2011 amid what was brandished 'debt ceiling crisis'. Immediately after the Moody's release, White House spokesperson Karine Jean-Pierre said the change was "yet another consequence of congressional Republican extremism and dysfunction." And Deputy Treasury Secretary Wally Adeyemo disagreed with the evaluation. He said the Biden administration had demonstrated its commitment to fiscal sustainability, the American economy remains strong, and Treasury securities are the world’s preeminent safe and liquid asset. Sure, except for some good reasons.
 
» The Civilization-State always maintains self-sufficiency, autonomy and autarchy.
The Globalist-State does not.
«

Alexander Dugin, The Civilization-State. ─ June 02, 2023.