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US finsec meltdown, a karma payback for the Vietnam War ...

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  • US finsec meltdown, a karma payback for the Vietnam War ...

    US finsec meltdown, a karma payback for the Vietnam War ...

    • After the Vietnam War ended, there was the Nixon Shock that ended what we now call Bretton Woods I.
    • The cost of the Vietnam War essentially killed Bretton Woods I (when it was piled up on all the other Cold War costs that were barely sustainable).
    • The US opened up China to international trade, leading to the eventual evolution of the Nyall Furgison idea of "Chimerica"... now a fatal flaw in the US finance system. The difficulties of Vietnam led to this happening, otherwise the US would not have cared at all about China.
    • International Finance, that is to say lending to people and businesses in other nations took of at the non-governmental level after the Nixon Shock. This also set Western Europe up for economic failure, the by product of this we see today.
    • The evolution of modern (more fatal) derivatives starts in the 1980s, as a by product of the opening up of international finance investing in the modern system we call Bretton Woods II (now extinct as of 2009).
    • The gradual systematic tearing down of the Roosevelt reforms begins after 1976, but the effect of such is not felt until the mid-1980s.
    • The abolition at the US state level on lending laws limiting the debt and interest a person could get themselves into takes off a decade after the end of the Vietnam War.
    • To somehow force a forgetting of the horrible economic cataclysms that the Vietnam conflict created -- the culture of US consumerism was launched in new forms and ways that would shock Americans that grew up during the 1920s when there was a consumerism wave.
    • This led to a US culture that accepted consumer debt and consumption, but not in any economically productive way -- enter the era of imaginary [Potemkin] economic productivity.
    • The US federal government effectively stopped governing in many obvious and less obvious ways: for example in the modern era public school systems receiving government funding have reached nepotism levels of ~95% -- and favoritism is totally rampant in all federal government contracting (the states and cities are as corrupt as the federal government is in this area, as the federal government lets them be this way).
    • As a reaction to the Vietnam defeat [or maybe out of just plain corruption that evolved afterworlds] the US let is mass media regulation go off the rails. This has lead to a situation where the US mass media is for the most part not able to transmitting any useful information to the public -- nor even able to provide any useful assistance to the government during this finance crisis.
    • There are probably many items I have forgotten or don't know about that should be on this list...

    When all is said and done it would appear that the US imperial desire to recolonize Vietnam for the French as part of some Cold War display of imperial power (that in many cases even led to genocide, direct and indirect in the region by Kissenger and others in the US administration at the time) -- has exterminated the US as an imperial power perhaps for the next 1000 years.

    At least in the economics front it is now possible to argue that the US not only lost the Vietnam War but was totally squashed as an imperial power as an end result. There is some accounting evidence that is coming to light that the US is perhaps doomed never to recover from this finance sector crisis even as far into the future as 2042.

    However saying that the US finance system meltdown is Vietnam's greatest military victory of recent historical times seems weird -- yet at some level it may be true ... yet Vietnam did not fire a single shot. Vietnam's only part in the US collapse as a global imperial power (from 1976-Present) has been recovering from the structural and social problems caused by the war.

    Although the US enjoyed more or less 32 years of prosperity from a supposed shallow honorable victory, it never regained its pre-War qualities that allowed it to have honorable prosperity. Loosing these qualities has not only led to moral bankruptcy but actual total and absolute financial insolvency.

    A 32 year wait for a victory seems long, but he Wars of the Roses lasted nearly 100 years -- and England lost its French protectorates as a result. At least in these wars there was chivalry, but in Vietnam there was almost none.
    Last edited by billstew; 03-12-09, 06:02 AM.