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posted by martyb on Tuesday February 05 2019, @04:31AM   Printer-friendly
from the hello-ruble dept.

https://www.truthdig.com/articles/goodbye-to-the-dollar/

The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency. Nations around the globe, especially in Europe, have lost confidence in the United States to act rationally, much less lead, in issues of international finance, trade, diplomacy and war. These nations are quietly dismantling the seven-decade-old alliance with the United States and building alternative systems of bilateral trade. This reconfiguring of the world’s financial system will be fatal to the American empire, as the historian Alfred McCoy and the economist Michael Hudson have long pointed out. It will trigger an economic death spiral, including high inflation, which will necessitate a massive military contraction overseas and plunge the United States into a prolonged depression. Trump, rather than make America great again, has turned out, unwittingly, to be the empire’s most aggressive gravedigger.


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  • (Score: 2) by JoeMerchant on Tuesday February 05 2019, @03:36PM (3 children)

    by JoeMerchant (3937) on Tuesday February 05 2019, @03:36PM (#796697)

    Critical Thinking Education leads children to disobey their parents, but you and I both know the Right's real reason is that Critical Thinking makes one resistant to propaganda.

    A completely redundant and predictable pair of reasons...

    Jails are full of inmates being asked by mainstream representatives: "Didn't your parents ever teach you..."

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  • (Score: 2) by dry on Tuesday February 05 2019, @07:15PM (2 children)

    by dry (223) on Tuesday February 05 2019, @07:15PM (#796850) Journal

    Jails are also full of inmates whose Mothers drank too much during pregnancy. They're actually incapable of being taught, some can't even grok 2+2=4.

    • (Score: 2) by MichaelDavidCrawford on Tuesday February 05 2019, @09:48PM (1 child)

      by MichaelDavidCrawford (2339) Subscriber Badge <mdcrawford@gmail.com> on Tuesday February 05 2019, @09:48PM (#796925) Homepage Journal

      It has been well-documented since the fifties that adult Schizophrenia is highly correlated with childhood cat ownership.

      It would seem reasonable to expect this to be the result of the patient's brain being infested by the same Toxoplasma Gondii as leads infected mice to be less fearful of mice, but decades of research has not found such a link.

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      • (Score: 2) by dry on Wednesday February 06 2019, @05:14AM

        by dry (223) on Wednesday February 06 2019, @05:14AM (#797068) Journal

        I'm somewhat surprised that a link hasn't been found.
        Even diet has quite an affect on mental health. Had to remove all dairy products from my sons diet before he settled down and personally I (and others I know) seem to be more depressed when having wheat in my diet, not to mention the bowl problems.
        People are much more complex then the simplified view that if you try, you can overcome anything. Sorta like someone with 2 good legs telling the cripple that they can walk if they just put their mind to it.