NEW YORK AP — Europe appears on the brink of another recession. Islamic militants have seized Iraqi territory. Russian troops have massed on the Ukraine border, and the resulting sanctions are disrupting trade. An Ebola outbreak in Africa and Israels war in Gaza are contributing to the gloom…
We’re in a much better place psychologically,” says Mark Zandi, chief economist at Moodys Analytics. “And it’s allowing us to weather the geopolitical threats much more gracefully.” – Houston Chronicle.
This is hilarious… in other words, the vast majority of Americans haven’t figured it out yet – so the American Dollar casinos stay open for global gamblers.
A more poignant question to ask is… what happens if the global gamblers at American casinos decide to move their money to the BRICS?
Putin said the following mid-July:
“The international monetary system … depends a lot on the U.S. dollar, or, to be precise, on the monetary and financial policy of the U.S. authorities. The BRICS countries want to change this.” (source)
I don’t think Putin wants war, but these are the kinds of threats the western powers appear to take very seriously. Clearly the formation of the New Development Bank catalyzed the latest round of chess moves by global leaders.
What’s next is the big question. How far can this go?
This question is what has me blogging on these topics again. Many parts of the world are on fire, but here in sunny California you’d never know it. People are out shopping, playing, BBQing, and swimming in their backyard pools. I see many new cars on the roads, and folks seem genuinely happy, and perfectly content to ignore the fires burning elsewhere. The summer wildfires and drought don’t even seem to be bothering anyone.
So if the trouble comes here, aren’t people going to freak? I also just don’t get why folks seem happy to ignore it all. Where does this apathy come from? Why are they so content to let the central powers run things?
All I can figure is that most folks do sense something is very wrong, but the truth of what’s on the table is so ugly that they purposely ignore as a survival tactic. The other piece might be that folks are so busy acquiring more More MORE, that they just don’t have time to worry about the big picture and how it might affect them. Or maybe folks just figure they can’t do anything more than they are already doing?
I could also be imagining that anything bad could come to America… that would be nice… but I’m afraid it’s more like I’m an early riser.
Photo by Occupy Wall Street.