(This post was forwarded to me by a follower for comment.) NONSENSE: “The BofE P

(This post was forwarded to me by a follower for comment.)

NONSENSE: “The BofE Presiding Over US Bankruptcy??”
Senator Cornyn is merely saying that it would be possible to use a foreign bank to clear debts, but without explaining why we’d want or need to: ostensively because of the BofE’s interest in stabilizing markets? The BofE? What?
(link below)

Neither The BofE or any other foreign entity has jurisdiction in such matters, and as such the USA would have to want and agree to such an arrangement. This makes absolutely no sense. The USA can carry so much debt and supply the world reserve currency precisely because we do not play such games. Even siezing russian overseas assets is merely to hold them from being used in war – they aren’t ‘taken’. The Europeans did that in 2008 (and russia is doing it this week) and it killed the Euro’s potential.

As recent events have illustrated (and just as most of us ‘adults’ have predicted) all increases in world instability will and have led to capital flight to the USA. Our biggest problem right now is an increase in the value of the dollar causing increase in cost to buyors of our exports.

The USA has no material interest other than those of our alliances – particularly the Five Eyes and Japan – in preserving world stability and security once repatriation of core industries and agreements for minerals are made with canada and greenland in exchange for strategic defense. Ergo, the more chaos in the world, the more flight of capital to the states.

And despite the world wars serving as the end of empires, the remaining wanna-be vestiges of empires are seeking to reassert themselves, which is feeding the incentive for capital flight to the states. Meanwhile the internet and smart phones are doing more to civilize the developing world than all our NGOs and Governments combined for over a century.

I see no possible means by which the USA cannot, within a decade, make the run up in debt over the past irrelevant under these conditions.

If for some reason, we must have a third phase of the world wars to bring about the end of the remaining undeveloped empires, the consequences will still be in our favor and dramatically so.

Cheers.

RE: https://t.co/S4WMKF6gKF

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