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The End of the American Century?


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Decisions, decisions. State of The Union or a good book and a tumbler of Glenlivet?

 

 

So here I was watching the State of the Union address contesting to the imminent closure of Guantanamo and my attention gets diverted to the sensationalism of why Deniece didn't press rape charges, wondering if she still wants the pipe.

 

 

*I just deemed myself as a small fragment that is contributing to the fall of the American century in doing so.

 

haha. sometimes even bright minds need a break from cerebral calisthenics. although one wonders what a gossip thread is doing in these parts. this Cornejo girl's name, though, reminds me of an 80s joke, the one where a father names his children Deniece, Denephew, etc.

 

as for the SOTU, i can see why Thomas Jefferson discontinued the practice of delivering the address in person, deeming it too reminiscent of a King's speech. i tend to think of its modern incarnations as utterly useless except as a way to induce deep sleep.

 

i'm still waiting for our generation's Jefferson, or Washington, or Lincoln.

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haha. sometimes even bright minds need a break from cerebral calisthenics. although one wonders what a gossip thread is doing in these parts. this Cornejo girl's name, though, reminds me of an 80s joke, the one where a father names his children Deniece, Denephew, etc.

 

as for the SOTU, i can see why Thomas Jefferson discontinued the practice of delivering the address in person, deeming it too reminiscent of a King's speech. i tend to think of its modern incarnations as utterly useless except as a way to induce deep sleep.

 

i'm still waiting for our generation's Jefferson, or Washington, or Lincoln.

You do know that Obama is under a delusion that he is the second coming of Lincoln, right? that is why is trying to provoke a 2nd US Civil War domestically, and WWIII internationally.

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You do know that Obama is under a delusion that he is the second coming of Lincoln, right? that is why is trying to provoke a 2nd US Civil War domestically, and WWIII internationally.

 

you mean he imagines himself a Republican? wink.gif didn't he liken himself to FDR last time around?

 

seriously, though, while I don't believe he is trying to provoke a real war, he is certainly proving to be a most divisive president.

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You're practically saying that Obama wants to be an anti-christ transcending the likes of Genghis Khan, Hitler, and Napoleon. Also, Obama wouldn't be able to instigate an international war when he already has a civil war in his hands. You wouldn't have the wherewithal to start a world war when you already are internally weakened.

Yeah that would be like having your cake and wanting to eat it too.:lol:

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You're practically saying that Obama wants to be an anti-christ transcending the likes of Genghis Khan, Hitler, and Napoleon. Also, Obama wouldn't be able to instigate an international war when he already has a civil war in his hands. You wouldn't have the wherewithal to start a world war when you already are internally weakened.

 

he may not be instigating it, but you could argue that the world is less safe today, with US' enemies emboldened by what is generally seen as weak leadership, and a populace that is weary and worried about its own economy.

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  • 3 weeks later...

Bankers are killing themselves all over the place....brings to mind what happened during the market crash before the Great Depression:

 

33-year-old banker leaps to his death from JPMorgan’s Hong Kong headquarters, latest in string of apparent suicides

 

http://business.financialpost.com/2014/02/18/jpmorgan-banker-suicide-hong-kong/

Yet Another Banker Commits Suicide. Graph Suggests We Are Headed Towards A Crash Like 1929

http://www.collective-evolution.com/2014/02/19/yet-another-banker-commits-suicide-graph-suggests-we-are-headed-towards-a-crash-like-1929/

7th top level banker commits suicide

http://www.hangthebankers.com/7th-top-level-banker-commits-suicide/

 

Financial death toll rises to 6, as JP Morgan employee jumps from Asian HQ

 

http://rt.com/business/jpmorgan-third-banker-suicide-655/

 

Financial world shaken by 4 bankers' apparent suicides in a week

 

http://rt.com/business/russell-investments-chief-economist-dead-564/

 

7thtoplevelbanker´commitssuicide´

 

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Bankers are killing themselves all over the place....brings to mind what happened during the market crash before the Great Depression:

 

33-year-old banker leaps to his death from JPMorgan's Hong Kong headquarters, latest in string of apparent suicides

 

http://business.fina...cide-hong-kong/

 

Yet Another Banker Commits Suicide. Graph Suggests We Are Headed Towards A Crash Like 1929

http://www.collectiv...rash-like-1929/

7th top level banker commits suicide

http://www.hangtheba...ommits-suicide/

 

Financial death toll rises to 6, as JP Morgan employee jumps from Asian HQ

 

http://rt.com/busine...er-suicide-655/

 

Financial world shaken by 4 bankers' apparent suicides in a week

 

http://rt.com/busine...omist-dead-564/

 

7thtoplevelbanker´commitssuicide´

 

Hopefully these are isolated incidents with no connection to another impending market crash.

Edited by sonnyt111
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Bankers are killing themselves all over the place....brings to mind what happened during the market crash before the Great ...

 

The USA took a drastic move to pull out funds from Asian Markets early this year. The State of the Nation address of President Obama predicting better investment climate in the USA triggered the decision. This can be a protectionist or self preserving move that hopes to generate or save jobs in the US mainland.

 

Maybe there was pressure for bankers tasked to liquidate holdings in such a short period. Moving huge amounts of bank resources can destabilize the markets and lead to losses. Since bankers earn on margins, their operation may face bankruptcy. This is similar to suicide of Urban Bank founder who suffered a pullout of funds from a major depositor. This led to panic of the public and a serious bank run. At the time Urban Bank just moved to a new multi-story headquarters in Makati.

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  • 1 month later...

Funny that the Great Depression happened in the last century. That incident alone would make the thread title weak and inappropriate since America was never dominant in that century that began economically uncertain and weak just like what we are experiencing today.

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  • 2 weeks later...

You would have to think...Is American consumerism the cause of its aggressive imperial expansionism and warmongering?

 

http://www.youtube.com/watch?v=SKnF1HEUwuo

http://www.washingtontimes.com/news/2014/mar/17/nasa-funded-study-says-modern-society-doomed-dodo/

http://www.dailykos.com/story/2006/11/27/274833/-The-American-Standard-of-Living-is-NOT-negotiable

 

Reminds me of the Roman empire in its decadent stage. All that is missing is Nero and Caligula.

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You would have to think...Is American consumerism the cause of its aggressive imperial expansionism and warmongering?

 

http://www.youtube.c...h?v=SKnF1HEUwuo

http://www.washingto...ty-doomed-dodo/

http://www.dailykos....-NOT-negotiable

 

Reminds me of the Roman empire in its decadent stage. All that is missing is Nero and Caligula.

 

The video about the US Federal Reserve was an eye opener. I don't know whether it actually represents the truth even if the author's views are extremely compelling. For one I thought all along the US Federal Reserve was a quasi government institution, not a private bank. And the chairman of the US Federal Reserve is considered one of the most powerful men/women in the world because what he/she says (or does not say) can impact financial markets world-wide.

 

Right now a woman holds that position.

 

As for Nero and Caligula, the current day counterpart is Guantanamo Bay in Cuba. I'd say a lot of awful things happened over there. Torture was employed there as well as in other countries where the US government has rendition policies.

 

And about American consumerism fueling aggressive imperial expansionism and war mongering, I think the same can be said about modern day China.

 

 

 

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Same reason as the Philippines' "just-tiis" system...politics and vested interest.

Politics is such a dirty game. Whether over here or in other nations. Politicians are hated by their constituents all over the world. But the ironic thing is voters were the ones who put these guys in power.

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Various elements are calling on a 2nd American Revolution in this against the Bundy guy:<div>https://www.youtube.com/watch?v=n-vZ48WSJrA</div>

 

http://news.yahoo.com/u-agency-ends-nevada-cattle-roundup-releases-herd-003456278.html?vp=1

 

 

Nevada ranching family claims victory as government releases cattle

http://l.yimg.com/a/p/us/news/editorial/d/0c/d0c3eb8ca18907492a4b337b5cec5193.jpeg By Jennifer Dobner 14 hours ago BUNKERVILLE, Nevada (Reuters) - U.S. officials ended a stand-off with hundreds of armed protesters in the Nevada desert on Saturday, calling off the government's roundup of cattle it said were illegally grazing on federal land and giving about 300 animals back to the rancher who owned them.

 

The dispute less than 80 miles northeast of Las Vegas between rancher Cliven Bundy and the U.S. Bureau of Land Management had simmered for days. Bundy had stopped paying fees for grazing his cattle on the government land and officials said he had ignored court orders.

 

Anti-government groups, right-wing politicians and gun-rights activists camped around Bundy's ranch to support him in a standoff that tapped into long-simmering anger in Nevada and other Western states, where vast tracts of land are owned and governed by federal agencies.

 

The bureau had called in a team of armed rangers to Nevada to seize the 1,000 head of cattle on Saturday but backed down in the interests of safety.

 

"Based on information about conditions on the ground and in consultation with law enforcement, we have made a decision to conclude the cattle gather because of our serious concern about the safety of employees and members of the public," the bureau's director, Neil Kornze, said in a statement.

 

The protesters, who at the height of the standoff numbered about 1,000, met the news with applause. Then they quickly advanced on the metal pens where the cattle confiscated earlier in the week were being held.

 

After consultations with the rancher's family, the bureau decided to release the cattle it had rounded up, and the crowd began to disperse.

 

"This is what I prayed for," said Margaret Houston, one of Bundy's sisters. "We are so proud of the American people for being here with us and standing with us."

 

A number of Bundy's supporters, who included militia members from California, Idaho and other states, dressed in camouflage and carried rifles and sidearms. During the stand-off, some chanted "open that gate" and "free the people."

 

A man who identified himself as Scott, 43, said he had traveled from Idaho along with two fellow militia members to support Bundy.

 

"If we don't show up everywhere, there is no reason to show up anywhere," said the man, dressed in camouflage pants and a black flak jacket crouched behind a concrete highway barrier, holding an AR-15 rifle. "I'm ready to pull the trigger if fired upon," Scott said.

 

LONG-SIMMERING ANGER

 

The dispute between Bundy and federal land managers began in 1993 when he stopped paying monthly fees of about $1.35 per cow-calf pair to graze public lands that are also home to imperiled animals such as the Mojave Desert tortoise. The government also claims Bundy has ignored cancellation of his grazing leases and defied federal court orders to remove his cattle.

 

"We won the battle," said Ammon Bundy, one of the rancher's sons.

 

The bureau said Cliven Bundy still owes taxpayers more than $1 million, which includes both grazing fees and penalties, and that it would work to resolve the matter administratively and through the court system.

 

Jack Kay, a professor of communication at Eastern Michigan University and an expert on militias, said the federal government did well to step back from the conflict. "These things tend to escalate, someone looks like they're going to pull the trigger and then something happens," he said.

 

Nevada Governor Brian Sandoval, who earlier in the week suggested the federal government had created an atmosphere of "intimidation," said in a statement on Saturday he welcomed the bureau's action. "Given the circumstances, today's outcome is the best we could have hoped for," he said.

 

Hundreds of Bundy supporters, some heavily armed, had camped on the road leading to his ranch in a high desert spotted with sagebrush and mesquite trees. Some held signs reading "Americans united against government thugs," while others were calling the rally the "Battle of Bunkerville," a reference to a American Revolutionary War battle of Bunker Hill in Boston.

 

The large crowd at one point blocked all traffic on Interstate 15. Later, as lanes opened up, motorists honked to support the demonstrators and gave them thumbs-up signs.

 

In an interview prior to the bureau's announcement, Bundy said he was impressed by the level of support he had received.

 

"I'm excited that we are really fighting for our freedom. We've been losing it for a long time," Bundy said.

 

But an official with an environmental group that had notified the government it would sue unless federal land managers sought to protect tortoises on the grazing allotment used by Bundy's cattle expressed outrage at the end of the cattle roundup.

 

"The sovereign militias are ruling the day," said Rob Mrowka, senior scientist with the Center for Biological Diversity. "Now that this precedent has been set and they're emboldened by the government's capitulation, what's to stop them from applying the same tactics and threats elsewhere?"

 

Roger Taylor, retired district manager with the Bureau of Land Management in Arizona, also said the agency's decision to release the cattle will have repercussions.

 

"The (agency) is going to be in a worse situation where they will have a much more difficult time getting those cattle off the land and getting Bundy in compliance with regulations," he said.

 

(Additional reporting by Laura Zuckerman in Salmon, Idaho; Writing by Scott Malone and Alex Dobuzinskis; Editing by David Gregorio, Lisa Shumaker, Robert Birsel)

 

 

 

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Politics is such a dirty game. Whether over here or in other nations. Politicians are hated by their constituents all over the world. But the ironic thing is voters were the ones who put these guys in power.

It's not like the voters had a choice. No matter whom they put into power, the people will get the same lousy government.

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http://www.upworthy.com/know-anyone-that-thinks-racial-profiling-is-exaggerated-watch-this-and-tell-me-when-your-jaw-drops-2

 

Know Anyone Who Thinks Racial Profiling Is Exaggerated? Watch This, And Tell Me When Your Jaw Drops

 

Rafael Casal

 

I know everyone gets uncomfortable talking about race, but it would be great if people were more aware so they could challenge their own preconceived notions. You sharing and tweeting this could go a long way toward doing that. Totally your call though.

 

 

 

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http://www.upworthy....our-jaw-drops-2

 

Know Anyone Who Thinks Racial Profiling Is Exaggerated? Watch This, And Tell Me When Your Jaw Drops

 

Rafael Casal

 

I know everyone gets uncomfortable talking about race, but it would be great if people were more aware so they could challenge their own preconceived notions. You sharing and tweeting this could go a long way toward doing that. Totally your call though.

 

an example of belief and/or confirmation bias, where one makes biased conclusions because of the believability of that conclusion, or when one remembers certain information when they lead to previously held beliefs. a belief like white people are racist, for example.

 

without supporting data, such as how this "experiment" was conducted, crime statistics in the area, or recent reporting of crime in the media, you can very easily come to a misguided conclusion.

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  • 2 weeks later...

Dollar dying; multi-polar world in offing

 

Fri Apr 18, 2014 2:55PM GMT

57620 45 By F. William Engdahl

 

Washington’s decision to go for the military coup in Ukraine was intended to rupture the emerging cooperation between key Eurasian nations that ultimately would have isolated the power of US hegemony and opened the door for a genuine multi-polar world where peaceful cooperation replaced military threats and sole Superpower domination.

 

The very rich and powerful families who control the US military industry complex reacted by trying to revert to their tried strategy of re-activating a new Cold War that paints Russia as evil and tries to cripple or severely weaken her. Ultimately it was a stupid decision being implemented by very stupid people, who believe they are very smart.

 

One of the unintended consequences of their stupidity is the fact that because of the foolish US decision to impose economic sanctions on Russia over Crimea’s annexation, Washington has forced Moscow to react by selling Gazprom bonds not in the dollar market but rather in the fast-emerging Chinese Yuan. The US has just shot itself in the foot.

 

OAO Gazprom, the world’s biggest natural-gas producer, plans to issue Chinese Yuan-denominated debt in the coming days. Because of Obama Administration sanction threats, the interest rate for Gazprom debt in dollars is rising dramatically while that of Yuan debt is falling, making it attractive to issue the Yuan debt. But this is a decision that makes more than business sense. It accelerates a trend by Russia, China, Iran and other countries to abandon the US dollar as world central bank and trade reserve currency.

 

Wars with other countries’ money

 

The role of the US dollar as the world’s leading reserve currency is more than a status symbol. Since the creation of the Bretton Woods monetary order in 1944, the role of the dollar as reserve currency has been at the center of American power. After August 1971, when Nixon ended the convertibility of foreign-held dollars for US Federal Reserve gold stocks, the dollar has been a fiat currency whose relative value has fluctuated up and down.

 

Today, despite the worst economic depression in the USA since the 1930’s and despite three decades of US trade deficit, combined with a soaring Government debt that is now over 103% of GDP, the US Government is able to finance wars in Syria, Libya, Afghanistan and elsewhere because of the reserve currency role. Other trading nations like China or Russia who buy or sell dollar-priced

goods must have dollars for trade, so their central banks invest their trade surpluses into “safe” US Treasury bonds.

 

Ironically, that has in effect meant that the US has been able until recently to finance its foreign wars and trillion dollar military budget using Chinese, Russian and other nations’ dollars.

 

When the Euro threatened the reserve currency status of the dollar in 2010 as Washington ran annual trillion dollar+ budget deficits, the Chinese and others began buying bonds denominated in Euros instead to diversify their risk of a possible US default.

 

To prevent the emergence of the Euro, Washington launched a financial warfare operation using key Wall Street banks like Goldman Sachs and JP MorganChase together with the US-based credit rating agencies Standard & Poors and Moodys and the US Federal Reserve to prevent the shift to the Euro. It was called the “Greek Crisis.” The Euro fell and the dollar was suddenly “safe haven...”, for a while.

 

But other national central banks took notice that the dollar was losing its value, as Washington continued to print money without limit, in order to rescue the bankrupt Wall Street banks with what the Federal Reserve calls Quantitative Easing.

 

China, Russia and other major trading nations have quietly begun to develop alternatives to using the US dollar for their bilateral trade.

 

Dramatic shift in dollar role

 

A new report by the International Monetary Fund reveals a dramatic shift in the role of the US dollar as reserve currency. Some 23 countries today report holding Chinese Yuan as official reserves. That, despite the fact the Yen, much like the French Franc after World War II, is not yet fully convertible into other currencies. The Chinese are moving to convertibility in very carefully measured steps.

 

Not only do 23 other central banks hold Yuan officially, twelve more have invested in Yuan without officially declaring so.

 

The most dramatic point in the IMF report is the fact that the relative role of the US dollar in central bank reserves is rapidly declining. Yes, the dollar is still the largest reserve currency. But whereas in 2000 some 55% of all reserves worldwide were in US dollars, today it has declined to 33%. And the trend is accelerating. The IMF does not list the Yuan as an official reserve currency as it is not yet convertible. In its statistics the Yuan falls under the category “other currencies.” The Other Currency share according to the IMF has doubled since the US invasion of Iraq in 2003.

 

In recent years the central bank of China has been buying gold in huge amounts to prepare for Yuan becoming a fully convertible currency. Now, with Russian companies increasingly looking east to China and Asia generally, the shift away from the dollar could accelerate dramatically, forcing US interest rates sharply higher and significantly increasing the pressures on Washington’s government spending.

 

The foolish Obama sanctions threats against Moscow are simply accelerating the refocus of giant Russian companies like Gazprom and Norlisk Nickel to the huge Asian market. Russian mining companies, including OAO GMK Norilsk Nickel, the world’s largest producer of nickel, are stepping up activities in Asian markets in the last month.

 

A China-Iran-Russia Triangle

 

The NATO-led Ukraine coup and ensuing crisis have dramatically accelerated the trend not only by Russian companies to look east. Other nations realize they could someday be target of Washington sanctions and are looking to lessen their dollar exposure. Iran and Russia recently announced a huge barter deal that allows the two to skirt US-imposed economic sanctions.

 

On April 2, the two countries agreed a barter deal that would reportedly be worth up to $20 billion, enabling Tehran to boost vital energy exports in defiance of Western sanctions. Reportedly Moscow would buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. Russian technical assistance in building two new nuclear plants in Iran are reported part of the deal, as well as purchases of various metals and perhaps Russian missiles. The dollar, of course, would play no role. Washington was furious, but why should Russia or Teheran obey US-dictated measures of economic warfare when both now are being attacked by them?

 

And in May, Russian President Putin is scheduled to fly to Beijing where he is expected to sign a mammoth 30-year deal to supply China’s energy-hungry economy with Russian gas. State-owned Gazprom plans to pump 38 billion cubic meters (bcm) of natural gas per year to China from 2018 via the first pipeline between the world's largest producer of conventional gas to the largest consumer. Signing this deal after almost a decade of tough negotiations would mark another major step away from the dollar in international trade as both countries seek to free themselves from dollar wars or threats of same.

 

When Rosneft’s Igor Sechin was in Tokyo in late March discussing energy deals there, he told the press that US sanctions on Russia over Crimea could have negative consequences for the West. He declared that more sanctions over Moscow's seizure of the Black Sea peninsula from Ukraine would be counter-productive.

 

The underlying message from the head of Russia's biggest oil company, Rosneft, was clear: If the USA and EU try to isolate Russia, Moscow will look East for new business. That will include major new energy deals, military contracts and political alliances. China surpassed Germany as Russia's biggest buyer of crude oil this year when Sechin’s Rosneft secured deals to boost eastward oil supplies via the East Siberia-Pacific Ocean pipeline and another crossing Kazakhstan.

 

What is emerging is a tectonic shift in monetary relations with the largest nations of Eurasia to conduct bilateral trade denominated in either Rubles or Renminbi, or gold. If we add Iran, possibly Iraq and India, and now, with Turkey’s Recep Erdogan looking away from NATO for new allies, amid his life-or-death battle with the CIA-run Fetullah Gülen, Turkey could well join such an emerging Eurasian economic alliance.

 

Unintended consequences

The Ukraine NATO coup and Washington’s disastrous attempt to topple Syria’s Assad have accelerated the creation of what they ultimately most want to avoid. It’s what Zbigniew Brzezinski warned of in his 1997 The Grand Chessboard when he wrote, “It is imperative that no Eurasian challenger emerges, capable of dominating Eurasia and thus of also challenging America.” The former Obama adviser went on to state,

 

"In that context, how America 'manages' Eurasia is critical. A power that dominates Eurasia would control two of the world's three most advanced and economically productive regions. A mere glance at the map also suggests that control over Eurasia would almost automatically entail Africa's subordination, rendering the Western Hemisphere and Oceania (Australia) geopolitically peripheral to the world's central continent. About 75 per cent of the world's people live in Eurasia, and most of the world's physical wealth is there as well, both in its enterprises and underneath its soil. Eurasia accounts for about three-fourths of the world's known energy resources."

 

Brzezinski then spoke of what he called a “Zone of Percolating Violence.” The heat on the percolator, of course, would be regulated by Washington and NATO.

 

 

The people in Washington or Brussels, like Brzezinski or the pathetic Victoria Nuland at the State Department—the former Dick Cheney aide who was given responsibility for the logistics of the Ukraine NATO coup—are essentially stupid people. They are stupid in a very specific way. Not that they are not well-educated, some from the finest “elite” universities, with years of political experience.

 

Their stupidity lies in their inability to think-through or foresee the global consequences of their actions.

 

 

F. William Engdahl is a political economist specializing for more than thirty years in geopolitical analysis of global events. He is author of the international best-selling book on oil and geopolitics, A Century of War: Anglo-American Oil Politics and the New World Order, published as well in French, German, Chinese, Russian, Czech, Korean, Turkish, Croatian, Slovenian and Arabic. In 2010 he published Gods of Money: Wall Street and the Death of the American Century, as a sequel to ‘Seeds of Destruction: The Hidden Agenda of Genetic Manipulation, completing a trilogy on the power of oil, food and money control. Engdahl has lectured in economics at the Rhein-Main University in Germany and is a Visiting Professor in Economics at Beijing University of Chemical Technology. He currently lives in Germany and, in addition to teaching and writing regularly on issues of international political economy and geopolitics, food security, economics, energy and international affairs, is active as a consulting political risk economist for major European banks and private investors. More articles by F. William Engdahl.

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