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The Wheels Are Coming off the US-Driven Globalism Wagon

The battle between national sovereignty and globalism is the defining conflict of our era, and at the end of the day, it is assuredly economic in nature

This past February I wrote about the predictions of an elderly Russian woman who many here call a “znakhar” (a combination of seer + sorcerer + healer). As it so happened, yesterday I was passing by the local church and spotted her again—this time seated on a bench close by.

As opposed to February, it is now a comfortable 20 degrees Celsius in Moscow, with a balmy breeze and a sunny to partly cloudy sky.

“Hello foreigner!” she called out with a smile, “I see you are still here among us. I knew that you would be”.

Not being in any hurry I decided to stop and chat about this and that—the usual natter between foreigners and znakhars.

When we spoke back in February she offered me some unsolicited financial advice: “Better you get rid of your ‘valyuta’ (hard currencies) and turn them into rubles or better; best to buy some gold St. George the Conqueror coins with your dollars today. Very big changes are now predestined to happen and our world will turn topsy-turvy, so be ready”.

At that time the unknowns before us economically were the real value of the dollar, Euro, central banks, Federal Reserve tinkering, QE, ZIRP’s, NIRP’s, historically unprecedented growing debt and a brand new Trump administration intent on establishing America first in everything.

“I tell you young man—the big changes have already started back in March. We do not see them yet, but know that they are happening. Tell me honestly if you can, why America that lives on its own continental island wants to tell everyone everywhere how they must live in their own countries, even to the Europeans? This is not how reasonable or mannered people behave. If we talk about Europeans or this EU, it just makes no sense to me that a Finn, a Greek, an Irishman, Bulgarian or Frenchman have much culturally or historically in common with a Cypriot, German, or a Portuguese. The Bible described such a place that was called Babel. Believe me this will not last, it is anathema to God’s wondrously individual souls among mankind”.

What could I say? She had a point. After all, the EU is a construct of 28 culturally and linguistically disparate nations all supposedly towing a supranational line in Brussels. The tug-of-war strains are apparent from the Brexit example to the recent election results in France, not to mention the simmering resentments being kept in check within Greece and Hungary. Perhaps it is the stark choice between globalism and sovereignty among so many peoples that rubs the body politic raw in painful places.

So what has changed from this past winter to this early summer that this ‘znakhar’ says she is seeing? On reflection: quite a bit.

The American role as leader of the world is undergoing a rather significantly deep branding change. This as evidenced by the foreign minister of Canada who said the other week, “The fact that our friend and ally (USA) has come to question the very worth of its mantle of global leadership, puts into sharper focus the need for the rest of us to set our own clear and sovereign course.”

Whether one thinks this is positive or negative is not really the issue. What is relevant as America eases away from the role of chief evangelist of the “world order”, are what the long-term consequential effects may be? Keep in mind that for these past several decades, America was the sole world superpower and the US Dollar has been the foundation of the global economy.

Any changes or disruption to this status quo will result in some instability, to a greater or lesser extent depending from where you sit as realignments happen. It will mean engagement in some areas and disengagement in others. The ongoing diversification worldwide from the dollar will continue for years to come and will mandate changes influencing the fabric of societies across the planet.

For the past 70+ years the USA was the chairman of the board of the first world, it still largely remains so as it has been the major wallet and financier of the United Nations, G7, G20, OAS, APEC, WTO, Arctic Council, NATO, World Bank, the IMF, and a gaggle of others. We have seen declarative changes placed on the table by the USA that question what have occified into accepted norms, like countries not fully paying to play in NATO.

We see this with funding dis-balances that have become entrenched within member states participating in the “collective” social, political and economic fabric of these institutions. Recently the president stated: “I am skeptical of international unions that tie us up and bring America down… We will never enter America into any agreement that reduces our ability to control our own affairs. The nation-state remains the true foundation of happiness and harmony.”


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