How the United States RIGGED the Global Economy
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- เผยแพร่เมื่อ 5 ต.ค. 2024
- Globalization, in theory, means the free flow of goods, money, and ideas around the world.
In practice, its rules are set to benefit powerful nations like the United States.
Over the last 75 years, the United States has rigged the global economy to guarantee its dominance. In a secret conversation recorded in the Oval Office in 1974, Secretary of State Henry Kissinger described this project in striking detail: “The trick is to use economics to build a world political structure.”
In Episode #5 of “The International,” a world-spanning video series brought to you by Jacobin and the @ProgIntl, David Adler (co-General Coordinator of the Progressive International) tells the story of the US plot for global economic supremacy in four simple chapters.
Jacobin is a leading voice of the American left, offering socialist perspectives on politics, economics, and culture. Find out more at jacobin.com/ and / jacobin .
The Progressive International unites, organizes, and mobilizes progressive forces around the world. Find out more at progressive.in... and / progintl .
Subscribe to Jacobin in print for just $10: jacobin.com/su...
The Fed is undoubtedly responsible for the present catch-up efforts, as they were first too slow to control inflation. The pandemic, supply-chain issues, are all contributing reasons to the impending inflationary perfect storm. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas...
Let's face it... buying more stocks & index funds during stock market corrections and bear markets is scary. Which makes it really hard to do for most people like me. I have 260k i want to transfer into an s&p but its hard to bite the bullet and do it.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Vivian Jean Wilhelm is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
She appears to be a true authority in her profession with over two decades of experience. I looked her up on the internet and skimmed through her site, very professional. already sent her an inquiry hoping for a response soon.
The best way to describe the present economy is 08' 2.0. Yes, stocks are at discount and things will eventually get better, but as of now, my monthly living expense is up $3750 from $1600 and I'm left wondering what retirement may have in store for me.
oh well, some financial situations can be handled on your own, while others are best navigated in consultation with an advisor
True, despite having no prior investing knowledge, I got fully invested before the pandemic and pulled $150k in profits that same year. In reality, all I was doing was following professional guidance, and as of today, I'm only 10% shy of a million dollar portfolio
@@Linette-g-y I'm ill-prepared tbh, my 401k gains are zero-nothing and my stock portfolio is going down too, mind if I look up the professional guiding you please?
She goes by ''Katherine Nance Dietz'' a renowned figure in the financial industry with over two decades of experience. I'd suggest you research her further on the web
curiously copied and pasted Katherine Nance Dietz on my browser, easily spotted her site and was able to send my message across.. thanks for putting this out, it has rekindled the fire to my goal
*A flailing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. All my focus right now is how to safeguard and improve my $2m portfolio from market changes based on the conflict in the middle east.*
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies.
Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings
Many of us don't know where to invest our money to make profit from it.
*Talking about being successful, i know i am blessed if not i wouldn't met someone spectacular as expert MRS AVA KIMBERLY 🤗🤗*
I know mrs ava Kimberly, she obviously brings a lot of experience in trading to the table but more importantly i think she is a tough person in an industry
Michael Hudson's entire life's work is finally paying off. This video tells the viewer what Michael has been saying since 1972. If Jacobin is catching up, then the mainstream isn't far behind. Change is finally seen as necessary. Thank goodness.
Yeah big props to Michael Hudson
As long as greedy zionists are in control of the amerikan banking and government, amerika is doomed.
Michael Hudson's book Superimperialism is a must read
This is why BRICS is so important. With de-dollarization, the U. S. rigging falls apart.
De-dollarization would help a lot kid the rest of the planet but the doesn't mean the US would necessarily fall apart. As long as the US uses its currency the way fiat money should be used, it can keep being a powerful country (hopefully not the first superpower though).
BRICS is a joke, this is why socialism is important.
Pity that India is acting like US's trojan horse in BRICS
I highly doubt the American government even knows how to function without everyone bending over backwards for them in the first place.
Yeah go look at the actual details of trade between brick nations. For example, when India buys Russian oil, the Russians get rupees that have to be spent on Indian goods and services. There's so many things like that or even worse in the "trade bloc". BRICS isn't this anti western super alliance, it was an invention of Goldman sachs...
There's not going to be a brics unified currency that brings down the dollar. The dollars fall eventually come thanks to us banks.
I think the continuity of the Isreal- Palestine conflict is in the interest of this USA economic- feudalistic empire. TRIPS needs to be reformed and the so does the IMF. The rise of BRICS is in the interest of everyone as more equality in economic opportunity leads to more harmonization. Not one big bully should act like a Tiran, but all regional powers as equal partners to create a more sustainable check and balance system. Keep in mind, the sixth Extinction Event already started......
I think so, as the world is no longer sustainable
Global ecological overshoot is the real problem we have.
The problem will then be, how do you get the many, smaller, established and up and coming nations to play by the ‘rules’…. That will be almost impossible.
By making the UN more democratic and effective? @@titus2120
What is the sixt extinction event?
The goal is that most Americans should have a high standard of living, or at least consuming, while having very little knowledge or interest in geography, policy, history, current events, or consequences.
Most Americans don't have a high standard of living. It's somewhere around 50% of the nation lives off of minimum wage and there are many parts of the US which are comparable to developing countries. The latter part of your argument holds true though, but the point is to keep average citizens down through debt and misdirection (look at any talking point in the so called culture wars, all of which inevitably benefit the flow and maintenence of capital to the hands of the few).
The goal is that most Americans but IMAGINE that they have a "high standard of living", just so as to neuter any internal dissent, but crucially that about ten percent of them in FACT have a high standard at any cost, whether to other citizens, or the rest of the world.
That is why in the 1950's a white male assembly worker could not only support his family, but live a middle class life. Fast foward to today and you can see quite clearly that the system was rigged and unsustainable. Still is, but this rigged system is collapsing at an accelerated pace... because it is not normal.
That’s the American way of life, none other.
Goal achieved. Full bellies - empty heads. Blindly led by wolves-in-sheep’s-clothing.
Pick any metric other than consumption and compare it to any other developed nation.
The deaf ears of the US vested interests are not listening because the system has (at least in the past) paid them not to. The US attitude of we feast and you starve is monumentally immoral.
Yes, more of this please, Bhaskar.
Dense nutrition in short chunks. Love it!
Bhaskar Sunkara went over to The Nation magazine as their new President
@@quinncillianYes, but he's still Editorial Director at Jacobin, at least the last I checked.
@@basiliscornelius oh you right! good to know - thanks for the correction
@@quinncillian You're welcome, but not really a correction! I was just happy when I found out he wasn't totally leaving Jacobin. Little parasocial of me, I admit, lol!
@@basiliscornelius well thanks for the context/additional info! I also felt that seem thing when I found out!
hey a bit random but if you're interested, I have been spending since Jan of last year gathering and vetting any and all radical leftist publications (magazines, newspapers, peer-reviewed journals, etc), and I'd love to share! I have about 10, more or less, that I find to be reliable, trustworthy, solid editorial, from broader interest like the Jacobin/The Nation to the Anarcho-Syndicalist Review's of the world, depending on your interests! all available in print + digital as well as freely online. and if you have any to add, my search continues! eventually trying to partner with an org to provide a comprehensive list to help organize the left esp in the US, until then just word of mouth. lmk if that's you!
peace and solidarity comrade!
This country is one big grift. I wish more of the population would wake up.
US downfall is inevitable. Retribution falls upon them.
By who and in what form? The US will never be conquered militarily. The logistics required are impossible. By downfall did you mean economically? The US economy is self-sufficient in food and energy as well as a consumption driven rather than commodities driven. Or did you mean its relevance on the world stage? Im in agreement with you if thats the case. The US should stop being the world police and let the rest of the world cannibalize itself.
Thank you for covering this! Michael Hudson, Super Imperialism.
The global community is done with this crap. This is the reason for the war on chinese technological progress. TRIPS. THIS WAY OF LIVING IS NOT SUSTAINABLE.
The world is divided into two camps, those countries which has benefited from US imperialism like the G7, EU etc will fully support whatever their US master does, never mind its immorality while those countries that did not benefit or are badly oppressed, will try to break free from this continued oppression.
5:02 Learnt something new today about the secret Jeddah agreement with the Saudis about pricing oil in USD.
The US forcing Saudi Wealth to be directed at support for the budding US Fiat Currency,
appears to be ended?
The US Currency that was created to replace the Gold Standard Currency that was spent on a Colonial Conflict in Southeast Asia, now is gone.
Without support the FED printing Dollars is impossible.
The system is Kaput.
We can have equity and parity, but not with billionaires.
Billionaires and multimillionaires should not exist.
@@bradleyp3655 How multimillioniare? Anything over $1mil.? Experts say a lot of couples will need more than that to just retire comfortably, without living extravagantly.
They're one of the reasons we don't have those things.
@@alin81-82 Absolutely. They control and distort our political process.
@@bradleyp3655kidding there the one s paying for expensive estate to have work done and salary. How Else you think they became Multimillionaires?
A few things were left out here. One is that Breton Woods was originally supposed to bring prosperity to all countries. But US participation doomed that from the start. Second is that De Gaulle turned sour on the US, because the CIA orchestrated a coup against him, in favor of Vichy leftovers. Fortunately, the French People turned out to defend him and his anti-Mafia government. Third, there was a certain sense to dropping gold. Stable currencies had always been tied to reserves of a resource with long-term value. And petroleum seemed to have become a better choice for this than gold. But the petro-dollar only benefitted one country-- the US, and hedged out any possibilities for other countries to benefit. So it was a betrayal on global scale. Nixon's claim at the time was that the dollar would be backed by the energies and efforts of the US economy- workers and thinkers. But it was a lie. Both have since been eclipsed and trodden underfoot, by the financialization of everything. This is also global.
It is a decent argument. I would rather appreciate if you parsed the paragraphs. When you go on First, Second , Third , there is your opportunity to space them out.
It would make your piece easy on the eyes, hence readable.
The presence of Rockefeller Employees in the Nixon Administration may have something to do with the conversion to Fiat Currency?
The Family bank appears to now be the Biggest.
Hank Kissinger roaming the White House during several Administrations appeared to allow the Rockefeller Bros Errand Boy some ability to deliver messages that the Standard Oil Kids might find profits from?
John M Keynes desire to make the IMF help developing Nations build things,
has been perverted to make loans that are too big to pay off.
Exploiting resources as Collateral has replaced Tribute Payments to the US Empire.
Your comment appears to lack facts that can prove your point,
but some points do seem to be pertinent.....
I hope I live long enough to see the fall of the American empire, and hope that whoever takes its place, doesn't do the same mistake
You obviously did not get it, no one should take it's place, that place should not exist.
@@duncan.o-vic if only that were so - in reality we can never resist the temptation of power
@@cooljosh2307 speak for yourself, the whole point is to have a system that disables you and people like you to have access to power or be tempted to take power. Such systems are possible, proven and necessary. The only thing standing in the way are "centrists" who believe capitalist propaganda that competition and zero-sum games are somehow in our genes.
"I hope I live long enough to see the fall of the American empire" You won't
"whoever takes its place, doesn't do the same mistake" They will.... well actually their mistakes will probably be significantly worse. The US is the definition of regression to the mean. It's the secret sauce to America's exceptionalism. Turns out consistently getting a C+ in everything is better than getting As and F----s.
You don’t understand politics
Truth, Religion, Identity, Economy and finally Power. This 5 forces cannot be undone and as long as they are undone, nothing built on top of them will last.
Thank you so much for this. Though I can’t say I understood it all, it helps to clarify why America still seems to dictate world affairs. That domination is being threatened by smaller nations coming together, like BRICS, and why war seems to be the only way to defend itself.
You a primitif thinking,and colonial persepsiont
this is idiotic. BRICS hate each other. the US is still the largest open market that’s why it dominates. China is closed market to finished goods. that’s their problem they only buy resources.
To summarize, the US needs other counties (especially the third world) to be reliant on US goods/services, because it requires them to obtain US dollars. This is important because it forces poorer countries to sell their labor/resources/assets at heavy discounts to the US because the US dollar is worth that much more. Not only that, but because the entire world is propping up the US dollar this allows the US to keep printing money without consequences so that it can continue to maintain dominance in the world.
Us is terorist!!! Forever and always
Us must be gone from earth
This video should have way more views. Excellent analysis.
Wrong
Wow! Great video.
Americas global domination also has the added cost of diverting money/resources away from the needs of it’s own people and into the military industrial complex and the marginalisation of large parts of the population has now led to the rise of extremism amongst the disenfranchised. The corruption at the heart of the system which has been allowed to fester due to the secrecy and deception of these international manipulations, has now also left a moral vacuum which ultimately destabilises the country from the top, doubles-down on the disenfranchisement and prevents the executive from being able to steer a path towards prosperity.
Please ask Jason Hickel or Ingrid Kvangraven to make a similar video on Ecological Unequal Exchange, patents are only one small part of the bigger picture.
Nom nom, neoliberal paradigm!
Good video.... unusual for me to claim such... no ads... informative... truth....
“Our control over intellectual property allowed us to hold vaccines…“
Are you sure about that? I remember that being suggested at the time and it being pointed out that the what was holding back vaccine production was simply the lack of production facilities capable of producing the vaccines. Are you saying that somewhere in the world were production facilities that were going unused because American companies were guarding their intellectual property? When people accused America of “hoarding“ vaccines, what they meant, I think, was that they were refusing to export the vaccines produced in America before they had vaccinated all Americans.
Are you sure that Keynes’ main concern wasn’t Britain rather than the welfare of the human race as a whole.
Is that former UK health secretary Matt Hancock having just bought himself a coffee at 07:39?
Yes, even though moderna and pfizer got record profits and only invented the vaccine with public money and research the kept it out of the hands of indian producers because of copyright while millions where sick and dying in the country.
Thank you for creating this... I needed to hear it
Its going down the toilet as the worst criminals ever to walk the earth
Só no meu país, o PIB é drenado cerca de 40% para pagar esse sistema de dívida chamado “rentismo” e sem qualquer contrapartida desses investidores. Acabar com essa farra é o primeiro passo para a verdadeira soberania.
Those interested in domination, and in a position to secure it, are not watching these videos and certainly they already know exactly what they are doing and why. So while i agree with the conclusion of this piece (another absolute banger from Jacobin), I struggle to understand who it's speaking to. it's not "normal people" bent on "global domination" that are the problem, it's entrenched autocratic elements growing deep within the capitalist foundation of our neoliberal structures incentivized by profit motive and reinforced through codified financial subsidy. it's the kingdom of Saudi Arabia, oil contracts, massive global mega corp board members and CEO's. this is a great overview without any real suggestion for remedy. I don't think the kingdom or the american kingmakers are going to have a change of heart, somehow.
The owl of minerva flies at dusk. I think now that the same forces the spun together the US hegemony are beginning to unspool it, we can look at our country and how it operates and figure out what to do next. The first step in solving a problem is realizing you have one.
The US is so obsessed with world dominance that they already have an entire eco system in place to ensure they can dominate the world till eternity.
Any attempts by those oppressed nations to try and free themselves from US imperialism will result in a brutal war against them whether it's a direct military invasion or through proxy n hybrid wars.
All these 3 forms of criminality are happening now right in front of our eyes
I watched your video and i immediately followed you. ON POINT!!
I strongly recommend Gore Vidal’s The Decline and Fall of the American Empire. Written decades ago but very very prescient and insightful. A biting critique of both fat right and so called liberal imperialism
0:56 Thatcher said something similar to this “Economics are the method; the object is to change the heart and soul."
This is a channel I newly discovered, love the content and the presentation.
Please keep up the good work, Americans are in great need to learn factually based truth and information. People are so tired of being fed with bigotry, hate and fear by imperial corporate dominated news narrative.
Neoliberalism = Reaganomics = Libertarianism = Laissez Faire Economics = Trickle Down Economics = Voodoo Economics … That’s the issue. We’re living through a second Gilded Age … as opposed to a golden age. It was never capitalism versus communism. It has always been democracy versus autocracy. Name a communist democracy. Neoliberalism on the other hand, leads to economic chaos and economic chaos leads to social chaos which causes political chaos. That’s why we’re seeing the rise of the far right and autocratic regimes across the globe. Rather than focusing on the promotion of an economic system, we need to focus on the promotion of democracy. If a country votes to adopt a communist or socialist economic system, fine. If a country votes to become an autocracy, not fine. We’ve wasted 100 years because we framed the problem incorrectly from the start.
I grew up in a "Communist Democracy", actually it would have been described as a Social Democracy. My country, New Zealand, was socialist from 1935 to 1985.
Chile? We all know how it ended up...
If your American, why are you complaining?
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
this is incredible! how can I vet your advisor if you please? definitely would love to make money from the market too, but a complete newb..
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
That was why Nixon got rid of the gold standard, We probably will see the disster it brings to us in the near future, Arbitrary rules will lose at the end.
When your countries leaders are rich felons ..but felons can't get a regular 9 to 5 job😅 it all makes sense
Empires should not exist. Not even this one.
UN Resolutions do condemn the practice of Colonial Exploitation.
The USA has exploited a lot of Nations.
The US appears to ignore the UN that was created with input from the Rockefeller Bros.
Well said. I agree that the drive for domination is problematic, but changing that kind of social imperative is the work of generations.
we're already at least 2 generations in, right now. Gen Alpha (kids born between 2008 and now) will probably see huge changes in the world from now til their deaths. But I'd count Millennials in as well because they were the first victims of ... the fraudulent advertisement of an American Dream that had been swallowed up by capitalism. So we're 3 generations into changing this broken system. The millennials' grumbling has stayed steady, all the while their kids were listening. Gen Z is out there getting into politics too! I love it! They heard it from their parents then experienced it themselves and are like, EFF THIS! I'M RUNNING FOR CITY COUNCIL! Get out the way, bit*hes! only a couple, few more rounds til there are amazing changes.
@@stacyfiske7903 their seeking the dominant position! Plus ça change...
Where can I read about this, books and movies?
Any encyclopedia will have information about Bretton Woods and how the 'agreements' fell into place. Even Wikipedia has good information though it's biased towards the US. Still, the references at the bottom of the page could lead to further reading.
Economist Michael Hudson presents excellent information about today's conditions rooted in this historical information. He's on YT and has written many books on the subject. You might also find Richard Wolff's YT and books helpful. He's also an economist.
I don't know of any movies that would present a factual narrative.
Happy Reading! Hope this helps.
@@krejados1Vijay Prasad's, hybrid wars and US imperialism, which provides insights into the various tools and measures used by the US to control n plunder many of the poor, weak but resources rich countries for their own benefits are also available on TH-cam
further reading recs?
Any encyclopedia will have information about Bretton Woods and how the 'agreements' fell into place. Even Wikipedia has good information though it's biased towards the US. Still, the references at the bottom of the page could lead to further reading.
Economist Michael Hudson presents excellent information about today's conditions rooted in this historical information. He's on YT and has written many books on the subject. You might also find Richard Wolff's YT and books helpful. He's also an economist.
I don't know of any movies that would present a factual narrative.
Happy Reading! Hope this helps.
In other words, the strength of the dollar comes out of the barrel of a gun.
We knew that.
Yeah, but look at my portfolio…. Seriously, America should be ashamed.
The money that measures your wealth could lose value faster than you can unload Equities.
The money that the USA now forces others to accept,
can be as valuable as Wiemar Deutschmarks any day?
Beautifully summarized video on global economic control. Well done :]
That is noble thing to talk about from US. Especially if you understand that if world affairs get closer to a fair one you will lose at least 1/3 of your share of world resources imidiatelly
For how much longer?
The process of unwinding is already well under way. There may never be a definitive moment when the empire is gone, but it will be in decline from now on.
Centuries
Uncle Sam cares for his own interest . Please bear this in mind when you trade with Uncle Sam.
The time to extract concessions out of the US is at the beginning of negotiations. Once the US gets what they want they will forget about honouring their side of the bargain.
Exactly right, I wish people really understands this and the implications that this needs to be resolved
I have always said that american power rests on its dollar!!!
Think protectionism is good? Ask Brazil and Argentina how it worked for them...
Thank you for producing this video 🙏🙏🙏
For a second i thought that was Thomas Jane from the Punisher.
The gold window was closed in 1968 not 1971 when it was announced
The prospect of enforcing Kaynes' theory nowadays is -to say the least- naive. Only radical restructure of global economy and society can do the trick.
Very powerful video
you don't understand that they had to leave the gold standard or your debts couldn't be written off. would you rather practice muslim based banking where you would be a slave to the debt without ability to bankrupt it?
Great video!
Is the world sicker poorer with globalization? Pulling China, SK alone out of proverty has reduce poor and hungry to lowest point ever. In WWI, 20 million Indian starved by British rule. Atleast 40 million people starved to death under Lenin's Russia and Mao's China.
It’s not the point to reduce poverty or illness, it’s just to make money. The large capital investments the US has made allowed these nations to build infrastructure and basically turned their nations into charles dickens novels of exploitation. Now that they have exhausted the amount of exploitable labor that capital will move on to india and africa, and the east asians will need to live in a world with no foreign investment. These nations did grow richer but the capitalists in the US grew exponentially richer and have largely wasted this wealth and destroyed the capacity of the earth
Us is trouble maker pioner in the world
It's for the Top Billionaires and Corporations Wallstreet Industries 1percent. Church leadership. The rest not so much. It's been about them from the get go.
I like the quality of the vid chief
it's a FANTASTIC❗ primer on world political and economic order 👏🏿👏🏿👏🏿
"Inter Caetera" aka the "American Experiment" + Ordo Ab Chao = "Novus Ordo Seclorum." And yet all roads still lead back to Rome.
2 Esdras 6
9 For Esau (Dan.2:39-44) is the end of the world, and Ya'aqov (Devarim 28:15-68) is the beginning of it that followeth. ~ Bereshit 15:12-14
Outoftime video boring
It means global south should never say , long live Amerca .
great quality video
The thing about the us it didnt even need the petro dollar. It produced so much and traded so much with so many countries that everyone would take it usd as payment. They also had so much investments all over that they could always pay their shareholders in usd. Its not just these forces but thousands of others that made the us so strong. The reason its having a hard time now is that they have no need for globalization it was always a security bribe.
😢
Hoped we would have evolved out of our empire phase but sadly no end in sight. USA's time as #1 is coming 2 an end. Hope we can handle it as gracefully as the 🇬🇧
Yet, as the song goes, "They Come to America", because of the opportunity for prosperity, but also for the rule of law that empowers the individual once they've earned that prosperity. Freedom of enterprise and progress is much more limited in most other countries.
that is simply false and hearing someone say this out loud really betrays that they have no real life experience with these matters at all
@@kylezo I understand. Being young, with strong ideals is admirable and inspiring to others who are altruistically like-minded as you are.In time I hope you'll realize that there is lots of wrongs in this world and you hold the future in your hands and if you learn to appreciate your virtues you'll never need rulers or influencers to guide you.
I’m sorry but with the same amount of money i can be more ‘free’ and do much more in other parts of the world. So your ‘opinion’ is not even factual in the first place
@@xoho3462 I'm sure you could live somewhere else for less money. As for opportunities for making the money in the first place, not too many countries offer the freedom to be enterprising or even make enough to responsibly working and save enough for financial stability.
@@julioc.gavotti7276 a lot of country does, with easier/less regulation to enterprise compared to the US
It started at Breton Woods in '44. US guarantees the seaways with it's navy + $US is no.1 means of payment.
EXCELLENT VIDEO!!
Very interesting I've never heard this before
The world,is,given,into,the, hands of the wicked
Sad
Here's an easy example, most Americans are monolinguals.
Let me tell you something, "America is the most powerful nation on Earth. Period." That is another way of saying the U. S. has absolute power, and absolute power corrupt absolutely. 😅😅😅
Kissinger, the mephistopheles of America.
Mephistopheles will serve Faust with his magic powers for a set number of years, the Trickster Demon.
Over a long enough timeline this could the direction the world goes
Be the conquerers.
Petrodollars.......
With great power, comes great responsibility. As the US Backs out of places there is a high likelihood of more conflict, not all countries are created equal, nor do they have equal access to the raw material without the US keeping the sea lanes operational. Unfortunately, the ideology being projected by "Progressive Internation" can only be achieved by to barrel of a gun and other people's money. As the US loses interest in being the world police, other countries will need to stand up against those groups who choose to not follow a common set of set up rules of open sea lanes and cooperative agreements.
Corruption rules independent news drools 🤤
So the colonial powers of Europe didn't do it?
Make your case.
They got their cut
The US took someone else's idea and improved upon it.
*Whoa!!! Gorgeous man! Sorry . . . I'll watch . . . so tired of right-wing cults.* 😒
Patents are the main reason people give so much effort into innovation. Also Capitalism is the main reason products that people would need/buy never lack funding. Plus all medicine patents have a time period of 20 years... I am so glad that we solved education/healthcare for all and secularism in the 30's and that I don't have to vote for communists today. It would have complicated a lot of things for me
Buddy you are so wrong about everything it’s hard to start. Sputnik, the internet, vaccines, basically all innovation of the last half century has come from immense government funding. Eli lilly jealously guards it’s insulin patent it’s had for 100 years now by tweaking the formula slightly. We don’t have education and healthcare for all, in fact we are going to lose even basic schooling in the us because of charter schools. Capitalism has outlived it’s usefulness and will only drain the world until it is overthrown
What was mentioned in the video was the reason why people criticize China about IP theft. Alexander Hamilton, one the founding fathers of America openly promoted piracy and IP theft of European tech and engineering in order to promote the advancement of the nation. Should America be the only country with the privilege of IP and tech dominance? Japan's semiconductor industry was taken away from them(Plaza Accords gave Japanese IP to US) and Japanese cars had a 100% tariff on them. Blocking their sales until the 90s. Your comment suggests this is okay. Also where are you from? There is no free education or Healthcare in America.
@@lolcatjuniorI'm from Turkey🇹🇷. And Frankly no one should steal, no one should bully each other into giving away IP. I'm in no way saying that 🇺🇸 is défendable on the issue of Plaza Accords🇯🇵. But 2 wrong don't make a right neither.
pardon me where can I learn about the IP theft of Plaza accords. Cause I just cant seem to find a credible source for it.
@@lolcatjunior
Lmao ur about 15 years late with this video. There’s been over 50 documentaries in the last 3 years about the financial system. You way behind guys
What are we going to do about it?! Nuthin'!
Hear, hear! We are the completely captured peonage class.
@@TennesseeJed digital serfdom! Hear ye hear ye
quit drinkin, quit smoking, quit all drugs, quit meat only plant based nutrition, change underwear at least once per month and always, I repeat ALWAYS dream big dreams, now go back to sleep.
So Asia is still a backwater mud pit? What are you even talking about? The US created and maintains the environment where free trade could occur & as a result lifted 1 billion people out of poverty.
Additionally it has come at significant cost to America. That 800 Billion dollar military budget? Yah needed to keep trade routes open globally. The rust belt? Yah that was good paying jobs going to other countries to allow them to develop
chaucibye
Yessir
God is gonna have a field day whenever He decides to judge the US, there will be no spare affliction.
Your days of honoring yourself are coming to an end.
NEVER INVOLVE BARAK OBAMA IN ANYTHING
This is an interesting topic.
1. The u.s. held 3/4 of the worlds gold after ww2.
2. The u.s. guaranteed military protection to europe if they adopted this system (nato)
3. The u.s. bailed out western europe after the war. Without that bailout, western europe would have been crushed for generations
So what did the u.s. get out of this deal?
1. Everyone agreed to use u.s. dollars as the world reserve currency (which had the effect of increasing the purchasing power of each dollar)
2. The u.s. made money off all the loans they gave to europe, interest.
3. The u.s. gained money by selling products to the now flourishing economics of post ww2 europe.
4. Western europe agreed to be capitalist which allowed america to profit off european markets.
Results of this system…
1. The u.s. got to print more money than we had gold, essentially creating money out of thin air at the expense of other countries wealth.
2. The u.s. got to fund our military, education, and war machine after ww2.
3. Western europe got rich again.
4. China eventually got rich too after the 70s and nixon and deng ziaopeng opened trade with china.
5. Soon india and africa will be rising.
Shared prosperity is happening, but the u.s. rigged the system in a way that the u.s. will prosper more.
Just a few small corrections.
1. Everyone did not agree to use US dollars; they were strong-armed into it. At the tag end of the war, the US was the only economy with any cash. The US delegate was adamant that there would be no deal unless the US could call the shots.
2. After de-industrializing its own country (starting mid-80s), the US implemented economic Shock Therapy around the world, ensuring its capitalists would have first dibs when foreign assets were privatized.
3. China is the only country that did not comply with the US/IMF-mandated Shock Therapy. Instead, the Chinese negotiated a technology-sharing agreement with American manufacturers, the basis for its hyper-resilient, shock-resistant economy. Which is pretty impervious to US machinations, much to US fury.
4. Shared prosperity is only at the whim of the US. To wit, the US is systematically deindustrializing its supposed partner/ally, the European Union. Recall the AUKUS deal, when the US, UK and Australia stole a billion-dollar contract for submarine from the French. Also, the US has long raged over Merkel contracting with Russia for cheap energy. Miraculously, the pipelines feeding German industry are out of commission. Now, Europe must buy gas from the US at huge markups. The list of examples goes on and on. As for the Global South, they've been systematically stripped of their wealth while being simultaneously drowned in debt for decades.
@@krejados1
I agree with all four points. I would add some points to europe.
No one robbed europe of its wealth tho. I wouldnt frame it that way. If anything, id argue europe, china, and now india all relied on the u.s. to become who they are.
The u.s. wasn’t nice about it, and they were selfish, but it undeniably benefited europe, china, and india lifting millions out of poverty.
Also they started a bunch of proxy wars and coup d etat in latam... thats what the video forgets to mention as someone from latam, part of their master plan was that latam should stay poor. Now that countries like Brasil and Mexico are competing toe to toe in some stuff with the US... they are trying to rig the system again with new protectionist regulations... thats essentially what Trump did.
@@krejados1 In 2023, the United States remains the EU's leading supplier of liquefied natural gas, with a share of 46.4% in total EU imports. Liquefied natural gas (LNG) loaded on to tankers at U.S. ports costs nearly four times more on the other side of the Atlantic. This is largely due to the market disruption caused by the near-total loss of Russian deliveries following the invasion of Ukraine.
In December 2023, Moody's research found that gas tariffs on European businesses and households are well above their 2015-2019 average and could remain above that level until at least 2031.
@@koopacabras4545 Coups d'état became common in Latin America during the Cold War. The United States supported some of these coups, which were intended to replace left-wing leaders with right-wing leaders, military juntas, or authoritarian regimes.
Here are some examples of coups d'état in Latin America:
1954 Guatemalan coup d'état
A CIA covert operation deposed the democratically elected Guatemalan President Jacobo Árbenz and ended the Guatemalan Revolution of 1944-1954.
1964 Brazilian coup d'état
A military coup overthrew the Brazilian president João Goulart from March 31 to April 1, 1964. This ended the Fourth Brazilian Republic (1946-1964) and initiated the Brazilian military dictatorship (1964-1985).
The United States also supported Operation Condor, a campaign of political repression and state terrorism in South America. This involved intelligence operations, CIA-backed coups, and assassinations of left-wing sympathizers, liberals, and democrats and their families.
You would have a bigger audience if it were not for your opinionated agenda, firmly weighted from the beginning and never wavering with time. You presented not an education, but rather a doctrine of your opinion.
Be a grown up and realize everyone has a bias and an interest. Suggesting otherwise is just the way the so called “impartial” sources manipulate you.
This is all accurate information. America is a pirate nation, born from stolen property. Alexander Hamilton promoted this and encouraged piracy and IP theft for the sake of national development.
Hey betas in the comment section, Merica.
28 seconds in...😅😅😅😅😅😅😅😅😂😂😂😂
This video is nice and all, but it is just that. Nice.
All men know that good things belong to the strong; life is not about going good or bad; it is about the two main instincts of all animals: survival and reproduction.
As long as the USA remains strong, they have the right to exploit the rest of us; it is up to us to build the biggest might possible and dominate the USA, too.
For example, if I had the biggest military in the world, would I not take the said IPs and use them for my benefit with impunity?
No country has the right to exploit any other country. Individuals within each country should take their own risks on a level playing field. An unfair system harms everyone, including the people from the country which has it easy. What happens to a country when its entire population gets used to living on easy money? They become lazy, stupid and entitled. That's not a good outcome.
What happens to a country when its entire population has to struggle for basic survival because it is treated unfavorably by the global system; the potential of their people is wasted, efficiency is lost. This is also not good.
China became strong economically because they had it tough but not so tough as to make it impossible to escape poverty; they still had access to opportunities. It's in every country's interest to have a level playing field.
@@Remindor That is what we call in an ideal world. Once China became rich, the West declared it their enemy. Do you know why? Because China has the ability to challenge the West's might.
I would not blame the West, it's the animalistic tendency of all of us to want to feel unthreatened, and the only way to do that is to threaten first.
You don't need wedding music to make this point