Ron Paul Warns of Soviet-style Hyperinflationary Collapse in United States
US
on path to fascism, on verge of collapse: Ron Paul
28
December, 2017
from PressTV:
Former
US congressman and presidential candidate Ron Paul says a year of
apparent economic growth under President Donald Trump is an illusion
and that the American political system is on the verge of coming
apart similar to the collapse of the Soviet Union in 1989.
In
an interview with the WashingtonExaminer on
Tuesday, Paul said huge heaps of debt, inflation, and inequality
could cause turmoil in the US.
“We’re
on the verge of something like what happened in ‘89 when the Soviet
system just collapsed,” he said. “I’m just hoping our system
comes apart as gracefully as the Soviet system."
The former Republican
lawmaker from Texas said he does not necessarily believe the US will
break into separate countries, but instead forecasts a complete
overhaul of US monetary policy and an end to what he considers the US
“empire” overseas.
“We
have ownership of these countries, but it’s not quite like the
Soviets did,” he said. “I think our stature in the world and our
empire will end, and that’s when, hopefully, the doors will be open
and [people will] say, ‘Hey, maybe these libertarians have some
answers to this.’”
Paul said “the
country’s feeling a lot better, but it’s all on borrowed money”
and that “the whole system’s an illusion” built on corporate,
personal, and governmental debt.
“It’s
a bubble economy in many many different ways and it’s going to come
unglued.”
Trump’s
2020 GOP primary challenge
Paul, who served in the
US House of Representatives from 1976 until 2013, contended that
Trump could face a strong challenger in the 2020 Republican primary
presidential elections, especially if “things are really much
worse."
“The
appearance of the libertarian movement has been set back partially
because of Trump, but intellectually we’ve been doing well,” Paul
said, describing a large "hardcore nucleus" of
conference-attending enthusiasts.
On Sunday, Republican
senator Jeff Flake had also warned that Trump may face inside GOP
competition as nominee for the 2020 presidential election if he
decides to pursue a second term.
"I do believe if the
president is running for re-election, if he continues on the path
that he's on, that that's going to leave a huge swath of voters
looking for something else," Flake, one of the few Republican
lawmakers to publicly condemn Trump, said in an interview on ABC's
"This Week.
The US has reached the last stage before collapse
- In this op-ed, James Traub argues that America has become “decadent and depraved.”
- He explains what decadence means, and how it's tied to corruption.
- “Decadence is usually understood as an irreversible condition — the last stage before collapse,” he writes.
28
December, 2017
In The
History of the Decline and Fall of The Roman Empire,
Edward Gibbon luridly evokes the Rome of 408 A.D., when the armies of
the Goths prepared to descend upon the city.
The
marks of imperial decadence appeared not only in grotesque displays
of public opulence and waste, but also in the collapse of faith in
reason and science.
The
people of Rome, Gibbon writes, fell prey to “a puerile
superstition” promoted by astrologers and to soothsayers who
claimed “to read in the entrails of victims the signs of future
greatness and prosperity.”
Would
a latter-day Gibbon describe today’s America as “decadent”? I
recently heard a prominent, and pro-American, French thinker (who was
speaking off the record) say just that.
He
was moved to use the word after watching endless news accounts of
U.S. President Donald Trump’s tweets alternate with endless
revelations of sexual harassment.
I
flinched, perhaps because a Frenchman accusing Americans of decadence
seems contrary to the order of nature. And the reaction to Harvey
Weinstein et al. is scarcely a sign of hysterical puritanism, as I
suppose he was implying.
And
yet, the shoe fit. The sensation of creeping rot evoked by that word
seems terribly apt.
Perhaps
in a democracy the distinctive feature of decadence is not debauchery
but terminal self-absorption— the loss of the capacity for
collective action, the belief in common purpose, even the acceptance
of a common form of reasoning.
We
listen to necromancers who prophesy great things while they lead us
into disaster. We sneer at the idea of a “public” and hold our
fellow citizens in contempt. We think anyone who doesn’t pursue
self-interest is a fool.
We
cannot blame everything on Donald Trump, much though we might want
to. In the decadent stage of the Roman Empire, or of Louis XVI’s
France, or the dying days of the Habsburg Empire so brilliantly
captured in Robert Musil’s The Man Without Qualities,
decadence seeped downward from the rulers to the ruled.
But
in a democracy, the process operates reciprocally.
A decadent elite
Jacquelyn
Martin/AP
A
decadent elite licenses degraded behavior, and a debased public
chooses its worst leaders. Then our Nero panders to our worst
attributes — and we reward him for doing so.
“Decadence,”
in short, describes a cultural, moral, and spiritual disorder — the
Donald Trump in us. It is the right, of course, that first introduced
the language of civilizational decay to American political discourse.
A quarter of a century ago, Patrick Buchanan bellowed at the
Republican National Convention that the two parties were fighting “a
religious war … for the soul of America.”
Former
Speaker Newt Gingrich (R-Ga.) accused the Democrats of practicing
“multicultural nihilistic hedonism,” of despising the values of
ordinary Americans, of corruption, and of illegitimacy. That
all-accusing voice became the voice of the Republican Party. Today it
is not the nihilistic hedonism of imperial Rome that threatens
American civilization but the furies unleashed by Gingrich and his
kin.
The
2016 Republican primary was a bidding war in which the relatively
calm voices — Jeb Bush and Marco Rubio — dropped out in the early
rounds, while the consummately nasty Ted Cruz duked it out with the
consummately cynical Donald Trump.
A
year’s worth of Trump’s cynicism, selfishness, and rage has only
stoked the appetite of his supporters. The nation dodged a bullet
last week when a colossal effort pushed Democratic nominee Doug Jones
over the top in Alabama’s Senate special election.
Nevertheless,
the church-going folk of Alabama were perfectly prepared to choose a
racist and a pedophile over a Democrat. Republican nominee Roy Moore
almost became a senator by orchestrating a hatred of the other that
was practically dehumanizing.
Trump functions as the impudent id of this culture of mass contempt
Donald
Trump, accompanied by, from left, Donald Trump Jr., Eric Trump,
Trump, Melania Trump, Tiffany Trump and Ivanka Trump, holds up a
ribbon during the grand opening ceremony of the Trump International
Hotel- Old Post Office, Wednesday, Oct. 26, 2016, in Washington.AP
Of
course he has legitimized the language of xenophobia and racial
hatred, but he has also legitimized the language of selfishness.
During the campaign, Trump barely even made the effort that Mitt
Romney did in 2012 to explain his money-making career in terms of
public good. He boasted about the gimmicks he had deployed to avoid
paying taxes.
Yes,
he had piled up debt and walked away from the wreckage he had made in
Atlantic City. But it was a great deal for him! At the Democratic
convention, then-Vice President Joe Biden recalled that the most
terrifying words he heard growing up were, “You’re fired.”
Biden
may have thought he had struck a crushing blow. Then Americans
elected the man who had uttered those words with demonic glee. Voters
saw cruelty and naked self-aggrandizement as signs of steely
determination.
Perhaps
we can measure democratic decadence by the diminishing relevance of
the word “we.” It is, after all, a premise of democratic politics
that, while majorities choose, they do so in the name of collective
good.
Half
a century ago, at the height of the civil rights era and Lyndon B.
Johnson’s Great Society, democratic majorities even agreed to spend
large sums not on themselves but on excluded minorities. The
commitment sounds almost chivalric today. Do any of our leaders have
the temerity even to suggest that a tax policy that might hurt one
class — at least, one politically potent class — nevertheless
benefits the nation?
There
is, in fact, no purer example of the politics of decadence than the
tax legislation that the president will soon sign. Of course the law
favors the rich; Republican supply-side doctrine argues that tax cuts
to the investor class promote economic growth.
What
distinguishes the current round of cuts from those of either Ronald
Reagan or George W. Bush is, first, the way in which they blatantly
benefit the
president himself through the abolition of the alternative minimum
tax and the special treatment of real estate income under new
“pass-through” rules.
We
Americans are so numb by now that we hardly even take note of the
mockery this implies of the public servant’s dedication to public
good.
Targeted tax cuts
Second,
and no less extraordinary, is the way the tax cuts have been targeted
to help Republican voters and hurt Democrats, above all through the
abolition or sharp reduction of the deductibility of state and local
taxes. I certainly didn’t vote for Ronald Reagan, but I cannot
imagine him using tax policy to reward supporters and punish
opponents.
He
would have thought that grossly unpatriotic. The new tax cuts
constitute the economic equivalent of gerrymandering. All parties
play that game, it’s true; yet today’s Republicans have carried
electoral gerrymandering to such an extreme as to jeopardize the
constitutionally protected principle of “one man, one vote.”
Inside
much of the party, no stigma attaches to the conscious
disenfranchisement of Democratic voters. Democrats are not “us.”
Finally,
the tax cut is an exercise in willful blindness. The same no doubt
could be said for the 1981 Reagan tax cuts, which predictably led to
unprecedented deficits when Republicans as well as Democrats balked
at making offsetting budget cuts.
The
ancient Colosseum is seen during an heavy snowfalls late in the night
in Rome February 4, 2012.Gabriele Forzano/Reuters
Yet
at the time a whole band of officials in the White House and the
Congress clamored, in some cases desperately, for such reductions.
They accepted a realm of objective reality that existed separately
from their own wishes. But in 2017, when the Congressional Budget
Office and other neutral arbiters concluded that the tax cuts would
not begin to pay for themselves, the White House and congressional
leaders simply dismissed the forecasts as too gloomy.
Here
is something genuinely new about our era: We lack not only a
sense of shared citizenry or collective good, but even a shared body
of fact or a collective mode of reasoning toward the truth.
A
thing that we wish to be true is true; if we wish it not to be true,
it isn’t. Global warming is a hoax. Barack Obama was born in
Africa. Neutral predictions of the effects of tax cuts on the budget
must be wrong, because the effects they foresee are bad ones.
It
is, of course, our president who finds in smoking entrails the proof
of future greatness and prosperity. The reduction of all disagreeable
facts and narratives to “fake news” will stand as one of Donald
Trump’s most lasting contributions to American culture, far
outliving his own tenure.
He
has, in effect, pressed gerrymandering into the cognitive realm. Your
story fights my story; if I can enlist more people on the side of my
story, I own the truth. And yet Trump is as much symptom as cause of
our national disorder.
The Washington
Post recently reported that
officials at the Center for Disease Control were ordered not to use
words like “science-based,” apparently now regarded as
disablingly left-leaning. But further
reporting in
the New
York Times appears
to show that the order came not from White House flunkies but from
officials worried that Congress would reject funding proposals marred
by the offensive terms.
One
of our two national political parties — and its supporters — now
regards “science” as a fighting word. Where is our Robert Musil,
our pitiless satirist and moralist, when we need him (or her)?
A democratic society becomes decadent when its politics become moraly and intellectually corrupt
A
democratic society becomes decadent when its politics, which is to
say its fundamental means of adjudication, becomes morally and
intellectually corrupt. But the loss of all regard for common ground
is hardly limited to the political right, or for that matter to
politics.
We
need only think of the ever-unfolding narrative of Harvey Weinstein,
which has introduced us not only to one monstrous individual but also
to a whole world of well-educated, well-paid, highly regarded
professionals who made a very comfortable living protecting that
monster. “When you quickly settle, there is no need to get into all
the facts,” as one of his lawyers delicately advised.
This
is, of course, what lawyers do, just as accountants are paid to help
companies move their profits into tax-free havens. What is new and
distinctive, however, is the lack of apology or embarrassment, the
sheer blitheness of the contempt for the public good.
When
Teddy Roosevelt called the monopolists of his day “malefactors of
great wealth,” the epithet stung — and stuck. Now the bankers and
brokers and private equity barons who helped drive the nation’s
economy into a ditch in 2008 react with outrage when they’re
singled out for blame.
Being
a “wealth creator” means never having to say you’re sorry.
Enough voters accept this proposition that Donald Trump paid no
political price for unapologetic greed.
The
worship of the marketplace, and thus the elevation of selfishness to
a public virtue, is a doctrine that we associate with the libertarian
right. But it has coursed through the culture as a self-justifying
ideology for rich people of all political persuasions — perhaps
also for people who merely dream of becoming rich.
'The last stage before collapse'
Decadence
is usually understood as an irreversible condition — the last stage
before collapse.
Decadence is usually understood as an irreversible condition — the last stage before collapse.
The
court of Muhammad Shah, last of the Mughals to control the entirety
of their empire, lost itself in music and dance while the Persian
army rode toward the Red Fort. But as American decadence is
distinctive, perhaps America’s fate may be, too.
Even
if it is written in the stars that China will supplant the United
States as the world’s greatest power, other empires, Britain being
the most obvious example and the one democracy among them, have
surrendered the role of global hegemon without sliding into terminal
decadence.
Can
the United States emulate the stoic example of the country it once
surpassed? I wonder.
The
British have the gift of ironic realism. When the time came to exit
the stage, they shuffled off with a slightly embarrassed shrug. That,
of course, is not the American way. When the stage manager beckons us
into the wings we look for someone to hit — each other, or
immigrants or Muslims or any other kind of not-us.
Finding
the reality of our situation inadmissible, like the deluded courtiers
of the Shah of Iran, we slide into a malignant fantasy.
But
precisely because we are a democracy, because the values and the
mental habits that define us move upward from the people as well as
downward from their leaders, that process need not be inexorable. The
prospect of sending Roy Moore to the Senate forced a good many
conservative Republicans into what may have been painful acts of
self-reflection.
The
revelations of widespread sexual abuse offer an opportunity for a
cleansing moment of self-recognition — at least if we stop short of
the hysterical overreaction that seems to govern almost everything in
our lives.
Our
political elite will continue to gratify our worst impulses so long
as we continue to be governed by them. The only way back is to
reclaim the common ground — political, moral, and even cognitive —
that Donald Trump has lit on fire.
Losing
to China is hardly the worst thing that could happen to us. Losing
ourselves is.
James
Traub is a contributing editor at Foreign Policy, a fellow at
the Center on International Cooperation, and author of the book "John
Quincy Adams: Militant Spirit."
This
column does not necessarily reflect the opinion of Business Insider.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.