‘PAX EUROP€ANA’: How To Neutralize Fascism’s Upper Hand — A Guest Op-Ed
Bette member David M offers a way to staunch the economic wounds left by the US regime’s self-sabotage of US Treasury Bills in this guest op-ed
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Author’s note: Bette Dangerous’ community is filled with brilliant minds — a former prime minister, a Senator, Oscar winners, academics, historians, technologists, and the world’s finest pro-democracy truth activists. I often run guest op-eds from our readers. Today, David M offers a suggested fix to Trump stoking economic chaos.—hsc
Image by Kiefer. from Frankfurt, Germany - Europäische Zentralbank / European Central Bank, CC BY-SA 2.0, courtesy wikipedia
‘PAX EUROP€ANA’ — How to Neutralize Fascism’s Upper Hand
by David M
The fact of the matter is fascism does have the upper hand in certain scenarios.
Rigidly controlling what your populace sees and how they respond comes at a terrible cost, both for human liberty and a nation’s GDP. It is, however, fantastically effective for stamping out dissent, and in times of strife, that can make all the difference.
During good times, like the world’s now defunct Pax Americana, democracies out-produce autocracies by a huge margin. One might make the mistake of thinking that this is an intrinsic quality. I don’t think so. Just look at the rise of the Nazis in Germany during the global recession known in America as the Great Depression. German Fascism flourished during that economic downturn.
Who Decides?
It seems to me that economists have generally subscribed to the tacit assumption that global economic confidence was a strictly stochastic unknowable — like the intensity of the solar wind. Something beyond all human influence.
But what happens when economic agents discover that they can influence that confidence? On the whole, civilized nation-states have acknowledged this as a problem and put laws in place to allow the prosecution of individuals who attempt to artificially manipulate public economic confidence, especially when the intent is to profit from the resulting market response.
But what if the malefactor is not a simple market participant, but a nation-state? What if the malefactor is a nation-state that stands to benefit substantially from global economic unrest?
What happens if a fascist state were to actively choose to undermine the course of world economic history specifically to take advantage of their upper hand in chaotic times?
Clarion Call
It is my contention, and my dire warning, that Vladimir Putin intends to do exactly this. We are watching the unfolding of a carefully constructed plan to end the Pax Americana, trigger global economic panic, destabilize the nations of the world, and in the ensuing chaos, crush them.
We must not let this happen.
A Simple Prescription
The solution is not so daunting. We must launch what I’m calling a PAX EUROP€ANA.
Since WWII, the world’s economic stability has rested largely on a single economic instrument, American treasury bills. These have historically been wonderfully secure while still generally providing sufficient returns.
Trump’s actions spell the death of the US treasury bill, and the world must provide a replacement if civilization is to persist. Europe should invent a substitute now.
Inevitability
The United States has fostered the seeds of our looming apocalypse for decades in the form of an addiction to exorbitant national debt. It could bare its Achilles heel in this irrational way because who would intentionally take out the one tendon on which the entire world’s security was suspended?
A monster would. Putin would.
Putin intends to detonate America’s latent economic bomb.
Trump’s tariffs are already shaking the world’s confidence in the dollar. As the dollar weakens investors become reluctant to park their wealth in an increasingly shaky currency and must resort to demanding better returns in exchange for the added risk. The cost to service America’s debt rises, and unfortunately, since debt servicing is already a sizable chunk of America’s budget, it doesn’t have to rise very much before America starts scrambling for revenue. This at a time when the nation’s top ‘volunteer’ is doing everything in his power to close that tap.
The situation is already a runaway train.
Staunching The Wound
However, this doesn’t mean the whole world has to go down with the US ship.
Simply providing a viable replacement for the American treasury bill might be enough to quell the chain reaction of global economic fear.
Mine is a remarkably inexpensive proposal as frightened investors will be desperate for anywhere safe to put their money and will accept minuscule returns for the privilege of safe harbor.
And what should Europe do with the windfall of cash that these new offerings will surely bring? How should Europe avoid the inflationary deathtrap that such sudden infusions always bring?
Build an army, that’s what.
For additional reading on the topic of existing European bonds and what’s missing, check out the following paper available on researchgate.
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