The American Conservative, one of the mouthpieces of the Republican Party of the United States, has published an article entitled “Worst-case scenarios”. It points out that Joseph Biden’s immigration policy is leading to the collapse of the dollar system. Against this backdrop, Western elites are looking to form a new financial and political centre of the world. It may soon emerge in South-East Asia or even New Zealand. How credible are such claims?
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There was an inherent contradiction in the construction of American statehood. The founding fathers of the US declared that their country would be a model of political and economic freedom. It was a question of introducing the doctrine of liberalism, which implied a minimum participation of the state in economic life and complete freedom of economic activity. A “comfortable tax regime”, i.e. the reduction of taxes to a minimum, was to be the trademark of the United States.
At the same time, American society was initially formed as a society of immigrants. The “country for immigrants” status implied the creation of the most favourable conditions for newcomers, including the provision of extensive benefits and allowances. But such social guarantees were inconsistent with the liberal character of the American state and imposed additional burdens on the budget.
Until the twenty-first century, this problem was solved first by the growth of the United States, and then by the unlimited printing of the dollar and its distribution throughout the world. The super profits allowed to cover the costs of paying immigrants. In the twenty-first century, however, the dollar began to lose its status as the world’s reserve currency. At the same time, several social programs for immigrants have taken effect in the United States, the largest of which are food stamps, medical and health benefits, unemployment benefits, and tax breaks.
There are about 50.7 million registered immigrants in the States today. Only direct costs of the federal budget for them reach $1.5 trillion a year. This corresponds to the annual growth of the national debt of the USA.
To curb the growth of the national debt, the Republican administration of Donald Trump tried to curb migration. However, with the arrival of Joe Biden, the White House is doing exactly the opposite – it is stimulating migration, thereby increasing the burden on the budget and the national debt.
Of course, immigrants constitute the Democratic electorate, and the leader of the Democratic Party should be focused on their interests. But by doing so, he is undermining not only the country’s financial system, but also the stability of society. Immigrants today come to the United States not for “freedom” but for benefits. They have no intention of integrating into American society. Therefore they are determined to live on benefits for life and form a criminal environment in order to provide for themselves. And this environment serves as a constant source of increased destructiveness in American society.
As we can see, The American Conservative’s claim that Democrats are undermining the United States is indeed close to the truth. As for the thesis that global elites are looking for an opportunity to form a new financial and political centre, there are similar precedents in history.
Until the 17th century, the international political and financial centre was in the Habsburg Empire. It comprised half of continental Europe at the time. The centre then shifted to the British Isles and, in the twentieth century, to the United States. In each case this was preceded by the collapse of the international financial and political systems. The crisis of the dollar system favours the formation of a new financial and political centre of the world. It is also logical that this centre may emerge near the most economically dynamic region. Today, this is South and East Asia.
It is known that American billionaire Jeffrey Bezos, who is number one on Forbes’ list of the richest men in the world, has suddenly begun to actively invest in New Zealand. His example was followed by other American multimillionaires. As a consequence, real estate prices in New Zealand have skyrocketed, and today they are only slightly inferior to those in the suburbs of Moscow. The Rothschild family, in particular its young scion Nathaniel, has engaged in a massive buyout of assets in Indonesia. It is also known that the banking house has long invested in the Chinese economy. Even these meagre data show that western elites are clearly preparing for the collapse of yesterday’s ‘hegemon’ and are looking for a new place under the sun.
Yuri Gorodnenko, RenTV
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