As I mentioned in a comment, Douglas Macgregor has done a fascinating interview with Dmitri Simes. It’s available on Youtube and is about 38 minutes long:Thanks for reading Meaning In History! Subscribe for free to receive new posts and support my work.
If you haven’t already, I recommend methodically reading this blog, starting with the most recent and moving backward until you get the big picture. He frequently references earlier posts to fill in the blanks. His twitter, @imetatronink, is interesting as well. “Maneuver Warfare” is one of the most interesting.
You cannot print material resources so "fighting inflation" by hiking rates is equivalent to demand destruction (because the supply side is out of control cf. SPR drawdown) which implies a recession/depression. Also a strong dollar temporarily export inflation to other currencies/countries : the periphery breaks first but eventually the core gets hit. Regime change is coming everywhere.
Excellent analysis, and on the button. Powell now has his legs cut from under him, Congress will spend us into insolvency, and we will institute price controls which never work. I don't see the middle class as doomed. They are the only ones with the ability to adjust to the dire circumstances facing us. The rich will lose tons of money, the dependent poor will starve, and our government will flatter themselves that it would have been worse but for them. As for the war, what war? Is anybody interested?
Who is the great Khan (Genghis Khan translates to universal ruler) of the present day global empire? His empire fell almost solely due to infighting, basically family squabbles over who in the lineage would succeed whom. Is the empire rising or falling?
He is on my short list of the best cast characters of all time, could anyone else have played Khan better than Ricardo Gonzalo Pedro Montalbán y Merino?
https://imetatronink.substack.com/p/maneuver-warfare
If you haven’t already, I recommend methodically reading this blog, starting with the most recent and moving backward until you get the big picture. He frequently references earlier posts to fill in the blanks. His twitter, @imetatronink, is interesting as well. “Maneuver Warfare” is one of the most interesting.
“They have unleashed forces that they don’t understand and can’t control”…..
A 24k nugget of pure intellectual gold.
You cannot print material resources so "fighting inflation" by hiking rates is equivalent to demand destruction (because the supply side is out of control cf. SPR drawdown) which implies a recession/depression. Also a strong dollar temporarily export inflation to other currencies/countries : the periphery breaks first but eventually the core gets hit. Regime change is coming everywhere.
Excellent analysis, and on the button. Powell now has his legs cut from under him, Congress will spend us into insolvency, and we will institute price controls which never work. I don't see the middle class as doomed. They are the only ones with the ability to adjust to the dire circumstances facing us. The rich will lose tons of money, the dependent poor will starve, and our government will flatter themselves that it would have been worse but for them. As for the war, what war? Is anybody interested?
As long as the printing press is operable we're not 'insolvent'. The day our creditors won't accept our IOUs, that's the day we're insolvent.
Any bets on when that day is?
"a lot of these people will be swept away in the disaster that lies ahead.”
Make it so, oh Lord, make it so!
Recommended reading:
https://www.theamericanconservative.com/a-conflict-of-visions/
A Conflict of Visions
Two new books predict entirely different futures for the U.S., China, and the world.
Who is the great Khan (Genghis Khan translates to universal ruler) of the present day global empire? His empire fell almost solely due to infighting, basically family squabbles over who in the lineage would succeed whom. Is the empire rising or falling?
He is on my short list of the best cast characters of all time, could anyone else have played Khan better than Ricardo Gonzalo Pedro Montalbán y Merino?
in sum, “plunder and deceit”