Comments by "Harry Mills" (@harrymills2770) on "NATO can't Survive as an Organization | Dmitry Orlov" video.
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If BRIC$ is successful - and there's no guarantee it will be - then the U$A will lose much/most/all of its economic extortion power, but more importantly, the U$A will not be able to finance its enormous debts with the same irresponsible ease as before. A nation that can't balance its budget and pay off its debts in peacetime is a failed state, basically a 3rd-World nation. When you look at the runaway authoritarianism and corruption of our major institutions, we're well on our way to 3rd-World status. $o sad.
I'm just not sure that any of the nations in BRIC$, other than Russia, has its financial house in order, and an inflation-proof, commodities backed currency is a foreign concept to most of the member states. It's a noble goal, and would be a benefit to all mankind, but it forces the kind of fiscal responsibility onto governments that few governments are willing or able to exercise. The Petrodollar is trash, but only Russia and an oil-rich OPEC nation or two will be able or willing to be that disciplined.
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