Showing posts with label #EndOfEmpire. Show all posts
Showing posts with label #EndOfEmpire. Show all posts

Friday, 5 December 2025

WILL IT BE WAR OR PEACE

5 December 2025


Rome, Spain, the Dutch and Britain fought to the end for their currency and their supremacy. Talks in Moscow hint at something different: cooperation instead of confrontation. If true, Ukraine may be the last war of the old Order, not the first war of the new.

WHY IS UKRAINE STILL FIGHTING - HASN'T IT LOST THE WAR

Why is Ukraine fighting to the last Ukrainian?
This post explores whether the answer lies not in nationalism alone, but in power: specifically the power that flows from the dollar as reserve currency and the hegemonic status this confers on America.

To have your own currency as global reserve is "the exorbitant privilege", as Valéry Giscard d’Estaing called it back in 1965:

• the world needs your dollars

    > you get lower interest rates

• you can run permanent deficits

    > import more than you export

    > consume more than you produce

    > fund it all simply by issuing IOUs (Treasuries)

• you get geopolitical leverage

    > freeze / confiscate reserves of others

    > cut countries off from finance

    > weaponise clearing systems

• Global profits / savings flow into your assets:

    > spiking demand for your treasuries, bonds, equities and real estate, pusing up asset values

   > keeping U.S. financial markets deeper, more liquid, more stable  

   > ie American assets structurally bid higher

Reality is, the US taxes the world. It swaps paper, digital entries, IOUs - promises that cost it nothing and that it will never repay - for real goods and services. But it is a poisoned chalice and one that America will one day fight and die for, unless, unless it can negotiate a way out


1. STATEMENTS FROM GERMAN LEADERS

Annalena Baerbock, the previous German Foreign Minister, said, “I will put Ukraine first no matter what my German voters think or how hard their life gets”.

The new German Foreign Minister, Johann Wadephul, said, “Next week Russia either bows… or we enter the war directly. And if it turns into a world war then let it be for Ukraine”.

No surprises, nothing new, expect WW3, and remember what the Americans did to the Japanese in the last one.


2. THE IMPERIAL PATTERN

Every empire has fought to preserve its currency as reserve for trade and save, and to defend its hegemony.

Rome, Spain, the Dutch, Britain.
All died fighting.

But there is still time, still hope.


3. A POSSIBLE BREAK IN THE CYCLE

Despite this historical pattern, something different appears to be happening.

There were five-hour meetings between Trump’s envoy Steve Wytkoff and Vladimir Putin himself; held in parallel with Russia's and China’s foreign ministers, Sergey Lavrov and Wang Yi, as far as I can understand at the same time in Moscow.

This suggests that the three major powers are talking about cooperation rather than confrontation, and incidentally sidelining European governments who maintain their hysteria and self-inflicted decline.


4. A SHIFT IN POWER

Can we say that power is moving, but not along the lines of the old imperial playbook?

There are many posts here on this script describing the phases in the life of any Empire. Perhaps this time will be different and the optimist will be right for a change.


5. A COORDINATED SETTLEMENT


If Washington, Moscow and Beijing are ready to discuss a coordinated security treaty (think Helsinki 1975 that Glenn Diesen who often discusses this) and on economic issues (think Keynes’ bancor), then the old EndOfEmpire phase may be re-written.

Instead of a catastrophic currency-defence war, we could see a negotiated transition to a new global Order.

Europe risks being sidelined by its own dysfunction unless there are honest re-elections this year.


6. A RARE POSSIBILITY

History does not often give empires a peaceful exit.

Western propaganda says Britain handed over peacefully to America, but that is almost completely untrue.

How the US bankrupted Britain

Still, could this moment contain the ever-so-faint possibility of exactly that?


7. WHY UKRAINE FIGHTS TO THE LAST

As to why the Ukrainians will hang on to the end in the face of doom, gloom and total destruction, I am not sure the answers given in the alternative media are enough.

I think the fundamental issue is power, and the power that flows from the dollar as reserve currency, and the hegemonic status this confers on America. And the Western elite triad has through blackmail and bribery - call it soft power if you prefer - bought in the authorities everywhere it sets foot.



Monday, 1 December 2025

NOTHING CAN BE DONE ABOUT IMMIGRATION AND HERE'S WHY

NOTHING CAN BE DONE ABOUT IMMIGRATION AND HERE'S WHY
When states can no longer manage migration, equality, or the expectations of their own citizens.

In this article, we shall look at point 4 on  migration.

Uncontrolled immigration is not the cause of imperial decline but the symptom of a deeper sovereign exhaustion – when a state can no longer sustain its own population, enforce its own rules or align its elites with the national interest, the borders fail and the empire begins to unravel.
 
1. INTRODUCTION
 
When empires reach their late stage, the metropole still shines with wealth, but only because it has drained the periphery. And so people will move towards the light... just as that light is  beginning to fade. 
 
But uncontrolled immigration is not an isolated policy failure. It is a classic sign of late-stage empire: a state that can no longer police its frontiers, define its identity or align its elites with its population. From Rome to the Ottomans, from Britain to the US and EU today, border failure emerges precisely when institutions weaken and social cohesion fractures. It marks the passage from decline to breakdown, the final indicator that an empire has lost control of itself. 


This post is one of a series in EndOfEmpire Collapse - contrarian, evidence-based, sceptical of official narratives.

Key terms:
metropole = the imperial centre.
periphery = the regions supplying labour, resources, or taxes.
demographic fracture = a breakdown in population balance, identity and cohesion.


2. THE CORE ARGUMENT

Uncontrolled immigration is not a policy mistake. It is a universal symptom of late-stage empire decline, a sign that the centre has lost control of its borders, its identity, and the trust of its own citizens.

Across Rome, Byzantium, Habsburg Spain, the Ottomans, Britain and today’s West, border failure appears exactly when institutions are exhausted and social cohesion cracks.
It marks the passage from decline to breakdown.


3. DEMOGRAPHIC FRACTURE: THE FINAL INTERNAL UNRAVELLING

3.1 Population Out of Balance

  • Ageing societies.

  • Falling birth rates.

  • Labour shortages.

  • Rising dependency ratios.
    These create pressure for low-cost migrant labour before the state is ready to absorb it.

3.2 Social Dislocation

  • Too few workers supporting too many dependants.

  • Inequality deepens.

  • Elites retreat into wealth bubbles and delusional imaginings
    King-Canutian thinking without the humility. 

  • Ordinary citizens feel abandoned or deceived.

3.3 Institutional Retrenchment
When the state loses border control, it turns inward:

  • policing speech,

  • controlling narratives,

  • projecting ideology instead of capacity.

This is not a snap collapse, it is the slow unravelling of any shared purpose.



4. THE EMPIRE CYCLE

Every empire since the Romans and probably before have followed the same macro-sequence:

dominance → overextension → deficit spending → currency debasement → inflation → loss of confidence → collapse

No empire escapes the brutal maths:

  • You cannot spend more than you earn.

  • You cannot print prosperity.

  • You cannot debase your currency without debasing your power.

Immigration breakdown is one dimension of this same decline process, alongside debt overload, money-printing, and the flight to hard assets.

"Debase" is to dilute or lower the quality of the currency by cutting the gold or silver content with base metals.


5. WHY LATE-STAGE EMPIRES EXPERIENCE UNCONTROLLED IMMIGRATION

5.1 The Gravitational Pull of the Metropole
Even in decline, the imperial centre remains richer, safer and more functional than its surrounding regions.
People from the periphery - impoverished by war, extraction, and collapsing trade - move towards the metropole’s remaining prosperity.

5.2 Extraction and Return Migration
Empires strip the periphery of value: minerals, labour, energy, crops, taxes, artworks, profits.
Over time this hollows out vassal economies, causing outward flows of people seeking opportunity, welfare or protection (from warlords, authority has already collapsed) at the centre.

The metropole drains the periphery economically, then goes on to absorb its people demographically.

5.3 The Labour Needs of a Declining Core
Decline creates:

  • shortages of domestic workers at affordable wages,

  • stagnant productivity as debt, interest and financials overtake production,

  • rising fiscal costs.
    Cheap migrant labour becomes a political necessity to sustain consumption and inflate GDP figures (even as GDP per capita stagnates).

5.4 Diverging Interests

  • Elites benefit: cheaper labour, ideological signalling, political blocs.

  • Ordinary citizens bear the costs: lower wages (inflation & purchasing power), weaker services, cultural disruption and conflicts.

When the centre can no longer align its elites with its population, when it doesn't know who it is or who it represents, border control collapses by default... there is nothing you can do about this and there is no reason to "get emotional" about it, it is just a fact of life.

5.5 Nothing Stops Immigration Except Imperial Collapse
This is the harsh historical reality:
Immigration stops only when the metropole itself becomes poor, unstable or unattractive enough for migrants to leave. Migrants were never much interested in the metropole, the indigenous core people (eg The Etruscians of Rome) has probably already fled, the migrants just move on and won't be missed.


6. THE HISTORICAL PATTERN

6.1 Rome (3rd–5th centuries)
Migrating populations crossed the Rhine and Danube as Rome lost cohesion.

6.2 Byzantium (11th–15th centuries)
Turkish tribal migration into Anatolia overwhelmed weakened institutions.

6.3 Habsburg Spain (17th century)
Demographic decline + foreign labour reshaped social structure.

6.4 Ottoman Empire (19th century)
Continuous Balkan/Caucasus inflows during administrative exhaustion.

6.5 British Empire (1945–1970)
Post-war economic decline, Suez + rapid immigration → deep political fracture.

6.6 United States & Western Europe (2000s–present)
Sub-Saharan > Mediterranean > European (Italy, Greece...) flows, US southern border crisis, and EU overload - all these challenges, coming at a time of institutional paralysis (eg Chancellor Mertz of Germany complaining that Hungary's Orban has "no EU mandate to talk to Putin".

The rule:
When an empire loses control at the centre, it loses control at the edges.


7. STRUCTURAL REASONS (WHY IT ALWAYS HAPPENS)

7.1 Administrative Exhaustion
Border systems fail when institutions lose discipline and capacity.

7.2 Economic Distortion
Elites need cheap labour; declining productivity and labour-force encourage open-door incentives.

7.3 Moral Disarmament
Declining societies lose confidence in their identity and are unable to define membership (who belongs and who doesn't).

7.4 Elite-Mass Divergence
Winners: the elite and corporate sectors.
Losers: native workers, public services, social cohesion.

7.5 Global Turbulence
Wars, climate stress, and collapsing regions send waves of migration towards wealthy, declining empires.


8. CONSEQUENCES FOR WELFARE, WAGES, INFLATION AND GROWTH

8.1 Welfare Strain

  • UK: 8 million “economically inactive” adults (16–64).

  • One-third entirely off-grid altogether.

  • Two-thirds on benefits.

  • Health-related claimants up from 2.5m (2019) to 3.5m (2024).

  • Fiscal cost: £35 - 40bn per year, rising 10% annually (DWP 2024).

8.2 Wage Pressures
A reduced domestic workforce pushes wages up, but not productivity, thus fuelling inflation and a wage-spiral.

8.3 Service Overload
Healthcare, housing and education systems absorb the pressures of population growth without there being any or little matching infrastructure expansion.

8.4 Drag on Growth
Debt and printing expands to fill the holes in the unproductive side of the economy. Labour shortages + welfare and interest costs + low investment and productivity, act as a brake on expansion.

This is the three-sided trap of late empires:
high welfare, low capacity, rising immigration.


9. SUMMARY

Uncontrolled immigration is not the cause of imperial decline - it is the symptom of a deeper sovereign malaise: demographic aging, social fracture, administrative exhaustion and loss of national confidence. From Rome to Britain to the contemporary West, border failure begins when the state can no longer sustain its own population, enforce its own rules or align its elites with the public ("national") interest. As the metropole hollows out economically and morally, it pulls in labour from the periphery, even as it loses cohesion at home. Nothing stops the flow except the eventual collapse of the imperial system itself.


10. REFERENCES & LINKS



Wednesday, 26 November 2025

HUNGARY V THE BRUSSELS ELITE

27 November 2025

This is a Hungarian-government-backed anti-EU, anti-Ukraine poster, from the streets of Budapest. Hungary under Orbán has been running a continuous campaign saying:

- “Brussels” wants to force Hungary into war
- The EU supports sending more weapons
- The EU / NATO will require conscription
- Supporting the regime in Kiev will raise taxes

Keep in mind also that the Hungarian opposition is “pro-war".

INTERPRETATION

Interesting poster. It’s classic political messaging, but you can see why it works: it taps into what ordinary people actually feel.

Nobody wants war, nobody wants conscription, nobody wants higher taxes, and most people don’t buy the idea that Ukraine is some innocent victim without a long history of provoking Russia and its Russian people behind it... backed btw by Western elites with taxpayers' money. 

Orbán’s government understands that mood better than Brussels does, it's just common sense in fact. Whether you agree with him or not, he’s representing the interests of his people - and probably European peoples in general - as opposed to the interests of European elites.


THE FINANCIAL EMPIRE BEHIND PROJECT UKRAINE

25 November 2025

THE FINANCIAL EMPIRE BEHIND PROJECT UKRAINE



PREVIEW


Ukraine is no longer a story of values or sovereignty. It has become the centrepiece of Western financial exposure, where banks, hedge funds and other shadow investors fight to protect their positions while Europe pays the human and economic price. Beneath the rhetoric of democracy lies a hard reality of asset capture, elite self-preservation and geopolitical servitude – all wrapped in moral language designed to keep ordinary Europeans quiet.


1. WESTERN FINANCIAL EXPOSURE IN UKRAINE

Ukraine has become a huge arena of Western financial exposure. American shadow banking – hedge funds, private-equity firms and high-risk investors – have poured money into Ukrainian assets for years, dating back to the beginnings of America’s financialisation in the 1990s.

The primary political motivation now appears to be the defence of these financial positions, the containment of Russia for geopolitical reasons, and the private interests of a corrupt elite. It is certainly not concern for Ukraine’s or Europe’s welfare.

A recent precedent illustrates this clearly. When Argentina faltered, Bessent and others surreptitiously backstopped Argentinian government bonds with billions. Bessent injected roughly $20 billion of taxpayers’ money into Argentinian treasuries simply to restore the value of portfolio managers’ bond holdings. Ukraine is the latest version of this pattern.

Argentina. Canada. Greenland. Venezuela. All examples of attempts to bolster Western balance sheets with new assets used as collateral for further debt extension.


2. THE CORPORATE-FINANCIAL COMPLEX AND PROJECT UKRAINE

The corporate-financial complex tied into “Project Ukraine” knows that if the whole structure collapses, they will face enormous losses, political disgrace and possibly criminal scrutiny. Some may even fear for their lives. Worse still - some may even lose their money.

The stakes are existential. This explains the unusual fervour and the refusal to consider negotiation or strategic pause.

Anyone with a basic grasp of global finance can see the alignment. Western policy maps almost perfectly onto Western investor exposure.


3. EUROPE AS A FOLLOWER, NOT AN ACTOR

European leaders have become followers rather than actors. They take their line from Washington. Washington takes its line from the interests of its financial sector, the military-industrial-congressional complex and the shadow-banking world surrounding it.

Europe therefore marches dutifully behind, offering yet another multi-billion package and a 20th wave of sanctions. Not from national budgets – they are empty – but from the seizure of Russian assets, a move likely to be reimbursed by European taxpayers once court challenges succeed.

It is a fiscal illusion with very real consequences for ordinary people.


4. THE RHETORIC OF VALUES AND THE REALITY OF ASSET CAPTURE

All the familiar moral language is repeated. Democracy. Sovereignty. Freedom.
But the rhetoric rings increasingly hollow when weighed against actual strategic and tactical behaviour.

The United States has made no secret of its desire to acquire or control distressed foreign assets. Canada. Venezuela. Greenland. And now Ukraine. Asset capture dressed as moral duty.


5. EUROPE BEARS THE HUMAN AND ECONOMIC COST

Europe is paying the price.

Young Europeans are dying.
Refugee flows destabilise neighbouring states.
Germany is rearming and piling on unsustainable debt.
Industrial output falls under the weight of sanctions and energy prices.
Western taxpayers are liable for hundreds of billions that could have modernised their own societies.

Within Ukraine, corruption continues uninterrupted. Large portions - sometimes as much as a third - of Western aid are diverted or simply disappear. This is apparently an acceptable haircut ... acceptable to the donor governments but probably not acceptable to the taxpayers, who - if fed the truth - would not and increasingly don't want this.

Meanwhile, as the flagrant corruption is sniffed out, Ukrainian oligarchs race to Tel Aviv rather than defend their own supposed homeland.


6. NEO-COLONIALISM, NOT VALUES

France, Germany, the EU institutions and the UK have aligned themselves with this strategy.

One word captures it: neo-colonialism.
Not the old colonialism of boots and flags.
A financialised form where states become platforms for asset extraction and geopolitical leverage.

Measured against the EU’s founding values – Peace, Prosperity, Solidarity – the contradiction is grotesque.

What we see instead is:

– preservation of elite financial interests
– defence of hedge-fund exposure and sovereign-risk positions
– protection of the Western monetary system
– political alignment with Washington whatever the cost to Europe
– self-interest wrapped in moral language

Euch!


7. THE FINAL TRAGEDY

Ordinary Europeans are told this is about democracy and self-determination.

But the real drivers are prosaic:
money, alignment, protection of entrenched interests.

The tragedy is that Europe – once capable of independent strategic thought – has surrendered its autonomy to actors who do not represent European citizens and do not care about their future. They do not even care about the welfare of their own populations. They care only about themselves.



The Western war profiteers are panicking at the prospect of a peace in the proxy war on Russia via Ukraine.

Friday, 31 October 2025

POWER AND THE GEOGRAPHICAL PIVOT OF HISTORY

31 October 2025

THE GEOGRAPHICAL PIVOT OF HISTORY

Background

Let's get under the skin of these global power players - such as the neocons - and feel where they are coming from. 

The fundamental number one essential idea that we must understand before everything else is that the battle is about global sovereignty. Sovereignty, power, is primordial because no one wants to have a boss and be told what to do - instead if it is you the global sovereign then it is you that sets the rules for everyone else and if it is not to you then you have to follow someone else's rules at the expense of your own interests. The elite got there because they are - unlike most of us - interested in pure power, control and setting the rules and agenda for others to dance to.

Summary

Over one hundred years ago, Halford Mackinder warned that control of the Eurasian landmass would decide the fate of global power. Today, as land powers rise and maritime empires weaken, his warning feels prophetic. The West still believes it commands the seas — yet it is strategy, not geography, that has changed the game.


1. The Central Idea
• Geopolitics means the study of how geography shapes this power - political power to decide who gets what in the carve up.
• Mackinder’s focus was Eurasia — the vast continent linking Europe and Asia, stretching from the Atlantic to the Pacific and from the Arctic to the Arabian Sea.
• His principle was blunt - who controls Eurasia controls the world. It goes like this:
"Who rules East Europe commands the Heartland;
who rules the Heartland commands the World-Island;
who rules the World-Island commands the world."
• For centuries, this single geographical fact has driven the rivalries that defined power and global history.
2. From Silk Road to Sea Power
• Ancient Eurasia was connected by the Silk Road - decentralised land and sea routes carrying ideas, culture, and goods.
• The Mongols were the last to keep that system open. Its collapse in the 14th century gave way, two centuries later, to a maritime revolution.
• European explorers - Magellan, da Gama, Díaz - linked continents by sea, creating a new power system centred on ports and maritime choke points.
• Maritime trade could be monopolised; land trade could not. And with the Industrial Revolution, European powers gained the technology to dominate both commerce and colonisation. Financial was the third source of British power.

3. Pax Britannica: The First Global Sea Empire
• By the 19th century, Britain had defeated France and Napoleon, establishing Pax Britannica, a century of peace enforced by naval supremacy.
• The Royal Navy’s control of global routes was the backbone of world order, later inherited by the United States.
• Yet during this same period, Russia’s push through Central Asia exposed Britain’s vulnerability: sea power alone could not control the interior of Eurasia.
• The 19th-century Great Game. This was the long duel between Britain and Russia over Central Asia that ended with Afghanistan as a buffer state. But the Trans-Siberian Railway soon gave land power a new reach from Moscow to the Pacific.

4. Mackinder’s Warning
• In 1904, Mackinder presented The Geographical Pivot of History to the Royal Geographical Society.
• His warning: the industrial age and the railway had erased the sea’s monopoly. Land powers could now move armies, goods, and ideas across Eurasia faster than fleets.
• His famous formula: Who rules Eastern Europe commands the Heartland; Who rules the Heartland commands the World-Island; Who rules the World-Island commands the World.
• For the British, and later the Americans, this became strategic gospel.

5. From Empire to Containment
• The United States adopted Mackinder’s logic after 1945.
• National Security documents from 1948 onwards spoke of preventing any single power from dominating the Eurasian landmass.
• America’s answer was to control the maritime periphery ie Europe in the west, Japan and the island chains off China in the east. This is a belt of bases and alliances known as “containment.”
• The logic was simple: keep the Heartland divided: prevent Russia, Germany, or China from uniting.

6. The Eurasian Response
• Russian thinkers such as Savitsky proposed an alternative: cooperation across the continent instead of division from the sea.
• The tragedy of Russia, they said, was pretending to be a Western maritime power. Its natural destiny was continental.
• After the fall of the Soviet Union, Moscow still turned West, hoping for a “Greater Europe.”
• Washington, however, pursued the Wolfowitz Doctrine (1992), declaring that no rival, friend nor foe, should ever rise again in Eurasia. Even allies like Germany or Japan were viewed as potential competitors.

7. America’s Grand Chessboard
• Zbigniew Brzezinski, advisor to several presidents, refined the doctrine in The Grand Chessboard (1997).
• US dominance, he argued, required keeping Eurasian powers divided and dependent on American security.
• Hence the modern alliance blocs: on one side dependent vassals, on the other contained adversaries.
• Russia, weakened, became what Brzezinski called a “geostrategic black hole.” If it resisted, it should be broken into smaller regions.
• Simultaneously, Washington launched its own “Silk Road” projects : pipelines and corridors designed not to unite Eurasia but to sever Central Asia from Russia and China.

8. The Eurasian Turn
• Around 2014, the pattern began to break.
• The coup in Ukraine ended Moscow’s hopes for a shared European order.
• Meanwhile, China lost faith in the US-led global system and launched the Belt and Road Initiative (BRI), a 21st-century Silk Road linking continents by land, sea, and fibre-optic cable.
• Russia, turning east, joined with China in what Mackinder would have called his worst nightmare: two continental giants, side by side, building infrastructure, banks, and trade routes beyond maritime control.

9. Multipolar Eurasia
• The new projects - BRI, the Eurasian Economic Union, the Shanghai Cooperation Organisation, and BRICS - now link much of Asia, West Asia (the Middle East), and parts of Africa.
• The International North-South Transport Corridor connects Russia, Iran, and India. The Northern Sea Route along the Arctic shortens Europe-Asia trade and is outside US naval reach.
• From South Korea to Turkey, nations are aligning around practical cooperation. No one power can impose terms; interests must be harmonised for land powers.
• The logic has shifted from hegemony to multipolarity: shared power, regional balance, pragmatic trade.

10. The Western Dilemma
• The West still clings to the illusion of control.
• Freezing Russian funds, sanctioning Chinese tech, and weaponising finance have only convinced others to seek alternatives.
• The result is self-isolation: the more coercive the system becomes, the faster partners look east.
• What once was an empire of sea routes is becoming "an archipelago of fear".
• Mackinder’s law endures: geography does not care about ideology.

11. A Realist’s Reflection
• I want the West to survive, but survival demands adaptation.
• Our elites cling to narratives that made sense a century ago; today, their arrogance blinds them to a world no longer theirs.
• Multipolarity is not collapse; it’s correction. Yet our refusal to accept it will turn adjustment into breakdown and collapse.
• As Machiavelli warned: Men see things not as they are, but as they wish them to be ... and they are ruined.

12. The Asian Future
• Dostoyevsky wrote: “Russians are as much Asiatic as European... It is time to turn away from ungrateful Europe; our future is in Asia.”
• That line now feels prophetic. The West’s contempt has pushed the centre of gravity eastwards.
• The new Silk Roads - routes, railways, data cables, pipelines - are already remapping the world.
• We are watching the end of five centuries of sea power and the rebirth of the land.

Glossary
• Geopolitics – how geography shapes power and policy.
• Heartland – Mackinder’s core of Eurasia, from Eastern Europe to Siberia.
• World-Island – the joined continents of Eurasia and Africa.
• Multipolarity – distribution of power among several centres.
• Belt and Road Initiative (BRI) – China’s global infrastructure and trade strategy.
• INSTC – International North–South Transport Corridor (Russia-Iran-India).

References
• Halford J. Mackinder, The Geographical Pivot of History (1904).
• Zbigniew Brzezinski, The Grand Chessboard (1997).
• “Defense Planning Guidance” (1992) – Wolfowitz Doctrine.
• US National Security Strategy (1988).
• Official papers on BRI, AIIB, and INSTC (2013–2015).

Wednesday, 29 October 2025

END-STAGE EMPIRES ARE RUN BY THEIR BANKERS

29 October 2025

Bessent steps in to protect profits of friendly investors.


FINANCIAL RESCUE AS IMPERIAL OVERREACH

The strange case of an American Treasury Secretary covering massive hedge fund losses with public money.

Bessent, Argentina, and the American Taxpayer.


1. Story – The Bailout Nobody Asked For

Scott Bessent, U.S. Treasury Secretary and long-time Wall Street insider, has brokered a US$20 billion rescue swap with Argentina.
Officially, it’s designed to stabilise a struggling emerging-market partner.
In practice, it protects U.S. hedge funds - notably BlackRock, Pimco and Fidelity - from heavy losses on their Argentine bond positions.

Bessent’s history with these hedge funds goes back decades. Many now see this as a bailout for his old financial friends, not a policy in the interests of the American taxpayer, who shoulders the inflationary and fiscal costs.
Argentina’s inflation, at over 250%, and its looming debt repayments make this a highly risky commitment of U.S. backing.
(Buenos Aires Times source)


2. Context – Empire’s Financial Reflex

This episode illustrates a deeper trend in late-stage empire economics:
- The financial and political centres of power have fused
- Wall Street gambles abroad, and when those gambles fail, Washington steps in.

Rather than allowing markets to clear the mess themselves, the imperial centre props up its own capital class, diverting public money away from domestic renewal.
This is not new — it is a recurring pattern in end-of-empire histories.
The centre protects capital flows outward, while the periphery remains indebted and dependent.


3. The Moral Hazard Machine

Such rescues create what economists call moral hazard:
- investors take reckless risks knowing they’ll be saved

- taxpayers face austerity measures (cuts in services) and/ or tax rises, to cover bailouts.

The results are predictable:

Resource diversion - tax and Treasury support flow to global finance, not to Main Street

Accountability collapse - bailouts happen and the press gives out diplomatically worded cover stories (aka propaganda) to keep us on board
Erosion of legitimacy - meanwhile, ordinary citizens are not stupid and know very well when elite speculation has gone wrong.

How is it possible to reform a financial system when the stability depends on shielding the same insiders who caused the instability in the first place? ... reform becomes impossible.


4. End-of-Empire Paradigm

Historically, empires in decline exhibit three common traits:

  1. Finance captures the state - public institutions serve private capital
  2. Financial overreach - production is outsourced to vassal states, but instead of profits being reinvested into (real) resources and further productive capacity, they are put into financial (paper) assets like treasury bonds and stock markets and property 
  3. Legitimacy loss - citizens sense the rules no longer apply equally - asset prices inflate for the rich, while High Street prices inflate for the remaining 95+%.

Bessent’s Argentina deal shows an imperial centre spending its dwindling credibility to protect its own network ie a short-term fix that further deepens long-term fragility.


5. Outlook - When Empires Become Credit Lines

This is what happens when finance replaces industry as the core of power. The global trade reserve status of the dollar gives America and its financial class immense power as we see in this case, but is also the cause of its undoing.
An empire once built on production and innovation now survives by extending credit (printing)  to others and to itself - it monetises its debt ie borrows more and more at the short end and prints money to cover the mounting interest payments and debt rollover repayments.

Such cycles always end the same way:
the financial core overextends, confidence and trust erodes, the bailouts become bigger, the taxpayers angrier, the legitimacy thinner, until the system collapses under its own weight.

What does "collapse" look like?

At each deal like this one, policy-makers push the can a little further down the road, saving the system temporarily... but only for themselves.


References
Buenos Aires Times, “Bessent steps in to protect profits of friendly investors in Argentina” (Oct 2025)
Ray Dalio, Principles for Dealing with the Changing World Order (2021)
Paul Kennedy, The Rise and Fall of the Great Powers (1987)


When Empires Bail Out Their Financiers, short term stability leads to chronic fragility.

Monday, 27 October 2025

HOW THE FOURTH TURNING WILL PAN OUT

27 October 2026

See the post describing Collapse





You really cant make this stuff up. Strategic planning? Bring back Ronald Reagan! And he told the best jokes.

Indeed you cannot make this stuff up and it's the delusional character of Western thinking....but where does this come from?

If you've read Mackinder, you'll see why being the global hegemon is so because you answer to no one unlike everyone else who answers to you and this power means you set the rules for others to follow rules which work to your advantage.

But in this piece we will consider that this single-minded obsession with hegemony, globalisation and free money (from the dollar's reserve status) is delusional because illusory and unsustainable ie unreal and unstable. Reality is real efforts not a financial reality is gold rather than fiat currency. So the idea of investing is to build up real assets rather than paper.

What is going to change over time, is that these hegemonic ideas will come to be seen by most people as delusional and reckless as the real idea is to build up your physical assets because paper financial fiat assets do not last. Consider the following:

- If Russia is a threat, balance of power and security arrangements and cooperation over global issues are the best way to deal with it, not through expansionism
- you cannot just barge into countries and steal the resources 
- people will lend you money if they can be assured that it won't be devalued and it will be repaid in full
- success comes from innovation, production and export - not from borrowing and consumption
- investors will move from speculation back to production and essentials (energy, food, defence)
- diplomacy and cooperation will trump military and conflict
- a successful economy is the start and so Western Europe must join up with Russia for its resources and china for its technology and get market share
- the people are the final arbiters and they want stability protection and prosperity - PEACE - they are not interested in ideology gambling and war
- those who want local and sovereign will triumph over those who want global and authoritarian
- I do think equality will prevail over apartheid, and genocide will send a state to hell (literally to hell, to Armageddon, as genocide is suicide and sends a state and its people to hell).

From what I've read and understood over the last two or three years, this is what I think is going to happen - this prognosis is basically all those debt cycles and End-of-Empire stories retold in a Fourth Turning kind of way.

RAY DALIO ON THE EMPIRE BIG CYCLE

27 October 2025

Ray Dalio – The Big Cycle of Empires

1. Rise through Productivity & Education
A nation invests in education, innovation, and discipline. Productivity rises faster than debt, creating prosperity and competitiveness.


2. Trade Expansion & Global Influence
Exports grow, the currency strengthens, and the country becomes a financial and trading hub. The world trusts its currency and governance.


3. Financialisation & Debt Growth
Wealth shifts from industry to finance. Easy credit fuels asset booms. Debt outpaces productivity. Inequality rises.

NOTE: As production and jobs move offshore to cheaper colonies, profits flow back to the imperial centre as the safest place to store them with the best remuneration this is done by buying US treasures, in this case.
So instead of being reinvested in industry, these profits are parked in financial assets - stocks, bonds, and good property - because the reserve-currency economy is seen as safest and most profitable.
The result is rising debt, inflated asset prices, and a hollowed-out real economy - a switch from a production to a consumption economy where the Metropole lived on debt borrowed from global production economies.... this is obviously unsustainable in the long run: you cannot live forever on debt.


4. Loss of Competitiveness
Labour and production costs climb. Foreign competitors catch up. The empire consumes more than it produces.


5. Internal Conflict & Populism
The wealth gap widens, trust in institutions erodes. Society polarises into rich vs poor, left vs right, insider vs outsider.


6. External Conflict & Overreach
To sustain its dominance, the empire extends militarily or financially. Rival powers challenge it. Wars hot or cold drain resources.


7. Decline & Reset
Excess debt, currency debasement, and social unrest culminate in crisis. Defaults, regime change, or restructuring follow.
The cycle restarts as new, more disciplined powers rise from the periphery.
Source: Ray Dalio, “Principles for Dealing with the Changing World Order”, 2021.

AI generated

Wednesday, 10 September 2025

BARKING UP THE WRONG TREE - EPSTEIN ISNT THERE

10 September 2025

Daily Telegraph, 10 September 2025

The Telegraph piece shows Epstein involved in a £1bn banking deal with Mandelson and JP Morgan, *after* his conviction. 

Far as I understand things, the law does not prevent convicted sex offenders from participating in business or lobbying (except if the conviction is directly linked to financial crime).

So what is so striking here is not the legality issue but the willingness of these very senior figures - Mandelson, Jes Staley, JP Morgan - to continue to deal with Epstein after his conviction. I mean, normally reputational risk alone would surely make politicians and bankers run a mile. It's incomprehensible.

So this fits in with the theory I've held from the beginning. He wasn’t a financial genius, just a conduit, a fixer, a useful idiot, someone useful to very powerful people. 

He organised sex parties along the way, but really he wasn't bringing people together for that - his main job was a conduit bringing together people from western intelligence services for special ops. 

This is how he became a billionaire on paper at least: the payments made and received for many special ops services went through his account. His own background would have given no clues to his brilliant career to come. 

The sex scandals may have been real, but they are a diversion. The real story is how politics, finance, and intelligence networks will linked through Epstein and his account, has told him it's Daily Telegraph article, and this is the reason for the cover up.

This explains the otherwise incomprehensible: how a man with no academic brilliance and no clear career track could broker billion-pound banking deals with ministers and Wall Street executives even after being convicted.

It's the usual old shell game on a street corner, the Epstein scandal makes you guess under the wrong cup. The sex is the show while the pea is the power and the real purpose.

Wednesday, 23 July 2025

TRUMP AT THE END OF EMPIRE CAFE

24 July 2025

TRUMP AT THE LAST CAFÉ BEFORE THE END OF EMPIRE

Policy contradiction, chaos, and the strange logic of leadership at the end of empire café.

1. A Loose Cannon with a Steady Aim

Trump is a loose cannon… anything is possible”, writes a reader. It’s a phrase tossed around by both supporters and critics of Trump, and there’s something paradoxically fitting in it. When he came to power, he did so with three grand, populist ambitions:

- To rebalance the economy - trade, fiscal, and monetary

- To shut the border and end uncontrolled immigration

- To stop America’s endless wars abroad

This sounds like a blueprint for restoring a strong and independent republic. But when you begin to break these aims into actionable objectives, the contradictions start piling up.

2. Contradictions at the Heart of Empire

Take the trade imbalance. If you want to bring manufacturing home and reduce interest payments, currently 20% of US government expenditure, you need to make exports cheaper and lower rhe Fed rate... which means lowering the dollar. But that undermines the dollar’s status as the world’s reserve currency and how do you attract the capital needed to fund the deficits without offering high yields?

Or immigration. Shutting the border sounds like a clean solution... until harvest season. Then the cries go up from farmers, builders, and meat-packing plants and employers of casual workers, desperate for the cheap labour that fuels the economy Trump vowed to revive.

Or stop using military muscle to resolve foreign policy conflicts. How could America withdraw from the world and at the same time remain world hegemon, and keep the military-industrial-congressional complex going?

These internal contradictions - breaking out foreign and domestic policy goals into spews of contradictory objectives - are never resolved, they can't be, they are simply masked, not by policy but by performance. 

The real idea is to spend as long as possible in the last cafe before the end of empire.

3. The Perfect Liar for the Age of Collapse

Trump’s greatest political skill may be his total indifference to consistency. Facts, figures, coherent positions, matter less to him than the mood of the moment and the needs of his publics. He may seem to be flip-flopping and continuously changing his mind, but reality means he will say what he needs to say to whoever is in front of him, regardless of long term goals, regardless of the truth. And that’s exactly why he can survive the contradictions of this age of end-of-empire.

While powerful interest groups - AIPAC, the military-industrial-complex, Wall Street whose taxes incidentally fund the government at least in part, the agricultural lobby, the fossil fuel billionaires, the tech firms - all pull in opposing directions, Trump rests on his MAGA base end keeps the interest groups at bay with a barrage of contradictory poses and stories. His genius isn’t in strategic clarity. It’s in ambiguity and showmanship... in promising everyone what they want... and then changing the story by lunchtime.

In this sense, he is the ideal manager of late imperial decline. At the Empire Café, with the walls cracking and the staff revolting, he’s the maître d’hôte who smiles, lies, distracts, entertains, horrifies... and survives.

4. Anyone Would Lie in That Job

Let’s not pretend this is unique to Trump. Any President - be it Kamala Harris or Michelle Obama - would face the same contradictions. They too would lie, flip-flop, and pacify different constituencies with carefully tailored half-truths. The problem isn’t Trump. The problem is the stage on which he performs: a collapsing empire with no possible coherent plan for what comes next.

I’m reminded of a moment from the history of 1960s Britain. Harold Wilson, speaking in the port city of Rochester, was bragging about his defence plans. “And why do I emphasise the importance of the Royal Navy?”, he asked his audience. Someone in the crowd shouted back: “Because you’re in Rochester!”

Wilson was an early Trump in a way:  knowing that political truth is local, emotional, and, above all, disposable.... leave your critics behind you in the dust of your lies.

5. Final Thought

So yes, Trump is a liar. But perhaps, in this age of imperial chaos, only a liar can hold the centre together. Not because the lies fix anything, they can'r, other than get you power. But because they delay the collapse by a few more seasons.

Is that admirable? Or is it terrifying? Only history can decide....

"Trump at the Empire Café"
 The last cafe before the end of the empire.

[End]