This is a wide-ranging discussion with Bob Moriarty. 321 GoldMoriarty begins with a book about meeting America's destiny.The fourth transformation This paper by Strauss and Howe explores the inevitable transition from a dollar-dominated, US-led world to an alternative system.
He then examines what happened and how we got to this situation. His answer is that the United States spent too much money like crazy on its military adventures after World War II. This led to huge debts piling up and the government responded by cutting interest rates to zero. This was an impossible and unrealistic situation that could not last. And the inflation that inevitably accompanied the extremely easy monetary policy led to growing insolvency of central banks, commercial banks, pension funds, governments and households. This was predictable, yet Western leaders never raised any concerns or warnings.
The Western debt-based system is now a fatally flawed Neverland. Despite pretensions of prudence, the $305 trillion debt will never be repaid. The central banks of countries like Switzerland and Japan are bankrupt because they have been run as casinos rather than prudent financial institutions. To make things even more unrealistic, the US debt ceiling has been suspended (allegedly temporarily) and whatever the debt is in 2025 will be the new ceiling. All reason and self-control seems lost. There is a feeling that collapse is approaching.
This financial fragility is the backdrop to the folly of the Russia-Ukraine war. The Western response of sanctions is financial suicide. The Western countries, especially Germany, have acted to cut themselves off from the world's cheapest natural resources. This is an act of economic madness.
Looking at the military situation, Bob Moriarty sees the West as a paper tiger. NATO and the EU, by pushing for Ukraine's membership in NATO, crossed Russia's known red line of Ukrainian neutrality and provoked a war. Western governments provoked the war, knowing the consequences of their actions.
For those who doubt that NATO or the West would be so foolish, Bob cites the example of Libya, once the best-governed country in Africa, where slaves can now be bought in the capital, Tripoli.
Moriarty concludes that Russia is not the enemy and China is not a threat: rather, the enemy is stupidity and the threat is lies, because the world is heading toward World War III driven by a group of fools and deceivers.
And this is the same Bob Moriarty Who Flying under the Eiffel Tower 1984.
