Americans still don’t get it. Things are changing
“The United Nations, NATO, the Bretton Woods monetary system, the World Bank, and the International Monetary Fund were all created in the 1940s according to blueprints that were approved in Washington,” Richard explains.
And this ‘world order’ may be coming to an end, he believes: “It’s the collapse of that structure that was built in the 1940s that is behind all of these problems that are popping up in financial markets and economies around the world”
Everyone knows that tensions between the US and the Middle East are at all-time highs but Richard also believes the US is facing an untenable situation in its attitude to China. The US has the same approach of policing East Asia, in particular the Sea of China, as it did during the 1940’s, but things have changed, and the US is no longer the overwhelming power that it used to be, when most of Asia was under-developed relative to the West.
The Sea of China could be one area where the global order, with the US on top, begins to break down, says Richard:
“The fact of the matter is that China already owns the South China Sea and the East China Sea and Washington doesn’t like that.
“Washington is planning to do something about that? Come on, that’s ridiculous. And yet that’s the direction we’re moving in.”
Forces are converging. If we make it through this year without the markets blowing up, the dollar crashing, or war breaking out, it will be a miracle.
Maybe it’s not 1945 after all.