Those Who Know Will Understand-(Piece of the Week)

Saturday, September 18, 2010
By Paul Martin

by JR Nyquist
FinancialSense.com
Fri, 17 Sep 2010

According to some experts the U.S. economy is one “event” away from a catastrophic sequence. My own variation on this sequence goes something like this: first, the dollar collapses; second, the government’s response prevents any chance for recovery; third, political unrest and destabilization begins; last, the defensive function of the state fails as external and internal enemies take advantage of the country’s weakness. This sequence would likely be nonsense if it were only my sequence. Unfortunately, it is a sequence dreamt up by Soviet strategists as far back as the 1960s. It was the entire basis of the Soviet strategic blueprint of half a century ago. The writings of at least two Soviet Bloc defectors suggest that this same blueprint dictated the controlled “collapse” of Communism in Eastern Europe from 1989-91. This would differ from the uncontrolled collapse of capitalism that Soviet strategists also anticipated.

The self-destructive course of bourgeois society is something Communists are well equipped to envision. They are ready to denounce the selfish “individualism” of capitalist society, the disintegration of community, the dire consequences of untrammeled greed. But America’s demise is mediated by other factors, nearly all of them enumerated in George Washington’s Farewell Address: “As a very important source of strength and security, cherish public credit,” said Washington. “One method of preserving it is to use it as sparingly as possible.” He further advised Americans to avoid “likewise the accumulation of debt, not only by shunning occasions of expense, but by vigorous exertions in time of peace to discharge the debts which unavoidable wars have occasioned, not ungenerously throwing upon posterity the burden which we ourselves ought to bear….”

The Rest…HERE

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