Comments by "John Roberts" (@view1st) on "The Burning Archive" channel.

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  11. I don't think the USA so much 'won' as Russia basically decided it didn't want to play the game by the USA's rules anymore so it started playing by new rules – it's own – and like China, after initial trials and tribulations, began to prosper and seems now to be slowly gaining ground over its rival. Ironically, the USA is 'winning' this war against itself by doing what it did so successfully against the Soviet Union. That is, it's going bankrupt. I suppose this is where the phrase 'going for broke' really comes from. The Keynesian pump-priming of its military‐industrial economy, a system pioneered by the National Socialists of Germany during the 1930's, is finally running out of road. It didn't turn out well for them and it looks like it's not turning out well for the USA either. A war economy ultimately based on fiat currency and deficit spending not only causes inflation but runs out of low hanging fruit to conquer. Like the Roman empire, once it's reached the limits of what it can expand into and new loot is no longer coming in can no longer sustain itself. The USA has met those limits in the form of China, Russia and India: it can no longer conquer with impunity and exploit the resources of the conquered without coming up directly against those aforementioned countries, states at least as powerful as itself. As Karl Marx noted more than a century ago, under capitalism the rate of profit tends to drop as time goes by necessating capital seeking out new returns on investment (i.e. infinite growth). Unfortunately, the USA cannot grow using the existing model, one made worse because the kind of capitalism the USA is using is primarily based on rentierism – parasitizing the capital gains made by others rather than making and using it's own. The rentier eventually runs out of other people's money.
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