Move Your Money 2.0

[kovert]

Some more interesting economic news.

"The economic turmoil currently engulfing the EU, and causing enormous hardship and severe unemployment in the poorer members of the Union, suggests that more and more countries, given the opportunity, will seek new and more beneficial alliances. That is why my tentative prediction is that the BRICS will likely change to the BRICSIT in the coming two or three years, driving yet another nail in the coffin of the mighty dollar.

And when that happens, the level of protest by Americans negatively affected by the economic change is likely to increase. It is no wonder that an article titled "Pentagon preparing for mass civil breakdown" has just been published by Nafeez Ahmed, who posed the following question to the Department of Defence's Minerva Initiative: "Activism, protest, 'political movements' and of course NGOs are a vital element of a healthy civil society and democracy -- why is it that the DoD is funding research to investigate such issues?"

[kovert]

Lets see how this effort of local communities to deal with the global economy on their own terms pans out, from Ellie's blog.

"At its June 20-23, 2014 annual meeting, the US Conference of Mayors (USCM) adopted a pair of resolutions endorsing postal banking, co-signed by eight mayors from six states. Their goal is to bring $1 trillion of job-creating economic stimulus primarily to low-income neighborhoods, over the next decade, at zero cost to taxpayers."

[monkeywrenching]

Originally Posted by gwynedd1

The two primary threats of a democracy are:

* tyranny of the majority
* low grade intellect of the populace

Therefore based upon the principle of the latter, creating complexity also defeats it. Informing the public and creating a simple money system is not in the interests of our crony lords.

since when did the USA become a democracy? The Constitution provides for a republic with a democrat style election. nothing at all about being a democracy. democracies have always failed.

[kovert]

Interesting article on global and emerging economies.

"The multiplex cinema is more apt -- several movies running in different theaters within a single complex. Hollywood style includes thrillers and Westerns with violence, crime, ruggedness and heroism as prominent themes. Bollywood fare offers passion, tragedy, song and dance. Kung fu films produced in Hong Kong and Taiwan play next to patriotic and propaganda films from communist China. No single director or producer would monopolize the audience's attention or loyalty for long. The audience has a choice of shows.

A multiplex world is not defined by the hegemony of any single nation. In fact, the advent of a multiplex world comes from the waning of the "American-led liberal hegemonic order," as suggested by John Ikenberry in his 2010 The Liberal Leviathan.

This does not necessarily mean the United States is in decline -- the jury is still out on that issue. But the United States is no longer in a position to create the rules and dominate the institutions of global governance in the manner it had done for much of the post-World War II period. And while elements of the old liberal order survive, they would have to accommodate new actors and approaches that do not play to America's commands and preferences.

The rising powers want space for their own principles and approaches to sovereignty, security and development. This could lead to a significant redefinition of the existing order, moving it beyond the point where it could no longer sustain unquestioned U.S. primacy."