| | | Not much I find new in it... but, interesting to finally hear others saying (some of) what I've been saying for... some years.
Change afoot...I've noted as "a reversal in the tide"... that they address in closing minutes, mostly, if not only, as ending the long imposed (40+ years) suppression of (the value of gold and) industry, jobs, work and workers in the U.S., as a "re-shoring" of industry... not as a liberation from control... but a change in orders... which they address in closing without addressing the flip side in what that means has been occurring in the rest of the world in that same time, or what that change coming portends for the rest of the world, now. They addressed some external impacts earlier... but only in misrepresenting it as "free money for the U.S. taken at others expense" without any consideration re the costs borne by the U,S. to enable it, or the benefits enabled by that arrangement, for others, at U.S. expense... which others have become inured to expecting "for free" from us. I have noted that, often, as the U.S. being constrained while subsidizing the development of the rest of the world for the last forty years... which is not wrong. And, while they suggest the U.S. is finally going to be allowed (or, forced) to go back to work (and compete, again) after being forced to stand aside idly for forty years... the lives of an entire generation were ruined by the impositions... which also means... the unacknowledged global dependence on the U.S. subsidy... which the beneficiaries refuse to recognize being taken from us... is going to end... with some surprising costs and consequences.
An empire, forced on us, does not sustain or maintain itself at no cost... while the order maintained in a "world order" is undervalued by those who can't see it, or see advantage in it... as those who most benefit from its provision and others tacit acceptance of it... value it least...
The common thread I note in others discussions of these arrangements... always... is that they are always tuned to the local audience... with focus always assiduously avoiding one half the issue to focus on the other... always pushing the "positive" in situ, even including benefit in subsidy enabled cast as "wrongs done you"... and always pushing the "negative" ex locus... as with origins in others wrongful impositions...
This is no different... it notes only benefits coming here with the change... not the horrible costs yet to be borne... while ignoring those impositions borne far too long already, and their generational costs...
The reversal in the tide is welcome... here... by those who see and understand it... but, not sufficient.
None here were ever asked to allow or approve what was long imposed on them, or that lost by it... or any of that done through them ? And, that presented... still follows the form in local presentation noted above... to foster the focus "on half"... words in context of "divide and conquer"... telling all peoples only the half part they want to hear... still managing by deception... still intending to foster not only competition... but conflict...
So, half the truth is there...
Perhaps it adds some resolution to that shift occurring in relation to timing... connecting "the shifting of the tide" to recent specific events here.
I did note, as in the Rickards article... "a mention" of a relevant item... They noted the Basel III transition was "watered down" in July... but failed to expound. Perhaps that refers only to the BoE claiming exceptions or exemptions from either the timing or application in entirety... which I dismissed as "misdirection" intended to facilitate the late May rotation in the trade to London, picked up in June ...
I still think England cannot "opt out" meaningfully... without being excluded... but have seen no other discussion of the details, since May... |
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