Part III: The Quest
By: Kian Mokhtari
Within any pyramid scheme the movement of true wealth is to the zenith or to the tip. Little thought is given to the multitudes making up the bases of the pyramid. And accordingly the closer the blocks to the top the greater would be their share of wealth and benefits.
Without the questionable doctrine for the existence of the US dollar's dominance, placing a man on the moon, global positioning satellites(GPS), and a whole host of scientific, medical and political achievements attributed to the US would simply not have been possible. The huge amounts of money and resources required would have placed impassable obstacles in the way of any nation's attempt to proceed.
Realizing the possibilities that a dollar type scheme could have brought to the British Empire, Winston Churchill said on the eve of India's independence, that the 1924 return to the gold standard had been his life's "biggest mistake."
Churchill realized that owning large chunks of land around the globe under an Imperial flag meant little compared to the audacious scheme that had given rise to the dollar; a scheme that could humble the entire world into submission without nations realizing they were under imperial rule of another country, and believing instead they enjoyed freedom and independence.
But the problem with a pyramid system is that ultimately there can only be one benefactor –the one at the very top- and even blocks closest to the top of the pyramid aiding the system would eventually fail.
So how else could humanity have achieved all the cultural and technological accomplishments in the short space of a century? The answer is that in the absence of one nation able to dominate all the world markets printing yet more cash out of thin air to pay for grand schemes, all the world nations would have to become involved: in other words the birth of true commerce and trade.
All nations would have to contribute and get something of equivalent value, be it in technology or goods in return; rather than be exploited and sold advertising bill board dreams for the resources they blindly give up in order to reach such well choreographed pictorial delusions.
Accordingly all nations would become equals; there would not be a first, a developing and a third world. There would only exist two types of worlds: a developed world and a developing world very close behind. There would not be a right of veto at the United Nations based on self interests of a few nations that set themselves apart from the rest of the world community because they make up the blocks closest to the top of the pyramid through possession of massive nuclear weapon stockpiles or through being a part of the pyramid scheme itself.
It would be feasible to speculate at this stage that the appearance of the euro has much to do with the realization that through the US pyramid scheme there can only be one ultimate survivor. The volume of international trade conducted in euros is still miniscule compared to the mighty dollar but throughout its existence the euro has gained against the dollar and has remained steady and reliable in value.
This is no coincidence!
Alan Greenspan, as we mentioned in part II of this article has already suggested that a reason for the fall of the dollar is its decreasing role as the world's reserve currency. The success of the dollar depends on the domination of the world markets by the US, so the country can pay back interest on the bonds purchased by other countries, based on which yet more dollars were printed.
The follies of Afghan and Iraq invasions by the Bush administration have cost the US more dearly in economic terms than anyone has managed to imagine. Although there is ample reason to believe that Paulson and Bernanke are aware of the gravity of the situation facing the US and its dollar based system.
Should we count the current crisis in the US markets as a recession it would be the tenth US recession since WWII. Among the previous 9 recessions, the longest recession lasted 16 months and the shortest for 6 months, with an average length of 11 months. However the US has managed to emerge in its leading position each time previously.
But that may well not be the case this time around. No other economic downturn has exposed the dire weaknesses as well as the unholy nature of the US economic hegemony like the current recession. The US will not emerge unscathed in any way shape or form, from the current crisis. The Bush administration's smash and grab policies have backfired on America and on the world's leading currency the US dollar.
Early on, in every new century, human societies go through a period of transition and growth. Our understanding of the world around us grows and becomes more focused.
A Communist Chinese society on bicycles, roughly making up one sixth of the world population, has become a heaving hub of pollution having become mobilized with the motor car to keep the US pyramid scheme going.
Meanwhile in Antarctica one of the biggest ice shelves has melted and is hanging by a thread as a direct result of global warming brought on by greenhouse gases.
It seems that human survival itself upon this lonely planet is likely to dictate the course of events from now on, outmoding the US "enterprises of great pitch and moment."