Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Will We See the End of Empire in Our Time?

Politics / Global Financial System May 27, 2008 - 09:47 PM GMT

By: Richard_C_Cook

Politics

Best Financial Markets Analysis ArticleThe following is based on a talk given by the author at the “End of Empire” session of the “Building a New World” Conference of the Prout World Assembly at Radford University, Radford, Virginia, on May 22, 2008.

I believe we have had two Americas. One started with the imperialist state which Alexander Hamilton tried to put into place in the 1790s with the First Bank of the United States. Thomas Jefferson overthrew this early expression of empire in the Civic Revolution of 1800 and created a strong and free America which lasted until 1913 in spite of the convulsion of the Civil War.


In 1913 the empire came back through the Federal Reserve Act and the 16th Amendment to the Constitution authorizing the income tax. Franklin Roosevelt dealt it a blow during the New Deal, but now it has taken over again, starting with the Vietnam War, continuing with the Reagan Revolution, and ending with the catastrophe of Bush II.

Though the America we know and love is in agony, I believe the ‘real' America is still there, somewhere, among the people, particularly those who remain true to the teaching of the Master, “to love your neighbor as yourself.” Whether and how that America will now come to the fore is, for me, the next big question.

A few weeks after I retired from the government in January 2007, I published a book entitled Challenger Revealed: An Insider's Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age.

I had gone to work at NASA in the summer of 1985 as the lead resource analyst for the space shuttle solid rocket boosters.

My first major assignment was to talk with the solid rocket booster engineers and find out about the problems they were having with the O-ring joints. They told me that these joints, located between rocket segments, were being eroded by flame leaks almost every time the shuttle was launched.

The engineers said that if the flame leaks burned all the way through the joints, then the shuttle would blow up. Documents showed that if this happened the astronauts all would die. The engineers said they were trying to redesign the joints but that for now they “held their breath” each time there was a launch.

On January 26, 1986, space shuttle Challenger did blow up for the reason the engineers had described. Among the seven astronauts who died was Christa McAuliffe, the Teacher-in-Space and the first civilian shuttle passenger. I became the only NASA official to testify publicly to the Rogers Commission that NASA had known for a long time this could happen. For my testimony I later received the Cavallo Foundation Award given to whistleblowers for moral courage in business and industry.

After my testimony, the engineers for Morton Thiokol came forward and told how they had tried to stop the launch the night before, because they feared the unusually cold temperatures would prevent the O-ring joints from sealing. NASA refused to accept the engineers' recommendation for a delay, and their own company managers approved the launch in writing.

This was as far as the Rogers Commission went with its investigation. After four more years of personal investigation, I was able to determine that NASA approved the launch against all expert opinion in connection with the TV publicity for the Teacher-in-Space mission and under pressure from the Reagan White House.

I was also able to show that the reason NASA kept flying, despite the knowledge that the O-ring joints were flawed and that their performance was further compromised by cold temperatures, was so as not to interfere with military launches the shuttle was going to be making in support of President Reagan's Star Wars weapons-in-space system.

I tell you this story because it is a concrete example of what happens when a nation goes from being a democracy to an empire. For one thing, human life no longer matters. They don't care if people live or die. They'll kill millions, whole nations, entire cultures, to get what they covet. And they will give it fancy names, like “The War on Terror.” Or they'll tell you the earth is overpopulated so hundreds of millions must starve, which is starting to happen even as we speak.

Also, there is always a great leader whose image and prestige matters more than common sense and the truth—a Great Communicator, a Decider, a Unitary Executive. And that leader is going to be good at scaring you and making you do things out of fear you would never do in your right mind.

Finally, under an empire, ideas of science and knowledge—which is to say, Truth—are sacrificed to the imperatives of militarism and national security. What was happening at the time of the Challenger disaster was that the manned space program, which had given mankind some of its greatest triumphs during the Apollo moon landing program, was now being subverted to begin launching weapons into space. Today, no nation in history has been as proficient as ours at inventing things to kill their fellow human beings.

Returning to my personal circumstances, I left NASA a few days after my testimony and spent the next twenty-one years working for the U.S. Treasury Department. There I learned more about what it has meant for us to become an empire, because it has affected public finance as much as space science. And I have studied this topic seriously for years. I publish articles regularly on Global Research and other websites and have a new book coming out this fall entitled, We Hold These Truths: The Hope of Monetary Reform.

The issue of whether we in the U.S. want to be an empire or a democracy goes back to the founding of the nation. In the 1790s, our first Secretary of the Treasury, Alexander Hamilton, got Congress, with President George Washington's approval, to pass legislation setting up the First Bank of the United States. Hamilton was frank at the time in telling people that the purpose of the Bank was to allow the creation of what he than called an “American empire” in order to compete with the European nations in controlling the world.

The Bank would do the same for the U.S. as the Bank of England did for Great Britain. It would buy government debt and use it as collateral for private lending. The debt would then be used to fund a large standing army and navy, even though in the long run, this could bankrupt the nation. The army and navy began to be built through the 1790s, until Thomas Jefferson and his followers stood up and said this is not the kind of nation we fought to create during the Revolutionary War.

Hamilton and Jefferson split, and that split has defined U.S. politics ever since. Hamilton became the de facto head of the Federalist Party, the ancestor first of the Whigs and then of the Republicans. Jefferson called himself a Republican at first, then a Democratic-Republican, then finally his party became the Democratic Party that has lasted until today. Of course we know that the two parties have come more and more to resemble each other in recent decades in supporting policies of imperialism.

Jefferson was elected president in what was called the Civic Revolution of 1800. The first thing he did was cut military spending. He did what no one has done since, which was to balance the federal budget for eight consecutive years. Then he took an action which defined our nation to a considerable extent all the way into the 20 th century. In 1803 he doubled the size of the nation overnight through the Louisiana Purchase.

So for the next century, instead of competing with the European nations for overseas colonies, our energies were devoted to settling the North American continent, to the detriment, of course, of the Native American peoples. We became, as did Russia in Eurasia and Brazil in South America, a continental land power. And we stayed that way for over a century.

But empire finally caught up with us. Across the sea in South Africa a man named Cecil Rhodes was devising a plan to make the British Empire the ruler of the globe. He created a secret society to accomplish this, called the Round Table, using money provided by the Rothschild family, who had controlled the British economy since the Napoleonic wars.

The U.S. was integral to their plans. Following is the relevant passage from Cecil Rhodes' will of 1877. His aims, he wrote in the will, were:

…The extension of British rule throughout the world, the perfecting of a system of emigration from the United Kingdom and of colonization by British subjects of all lands wherein the means of livelihood are attainable by energy, labour, and enterprise,…the ultimate recovery of the United States of America as an integral part of a British Empire, the consolidation of the whole Empire, the inauguration of a system of Colonial Representation in the Imperial Parliament which may to tend to weld together the disjointed members of the Empire, and finally the production of so great a power as to hereafter render wars impossible and promote the best interests of humanity.

Think about that: “the ultimate recovery of the United States of America as an integral part of the British Empire.” In fact, as Professor Carroll Quigley made clear in his celebrated book, The Anglo-American Establishment, the British planners, whose descendants still rule that nation, acknowledged that a time would come when the U.S. would be the senior partner in the empire, which is exactly what happened over the century that lay ahead.

The Russian writer P.D. Ouspensky said all the history you read about in the history books is “the history of crime.” This is what he was talking about.

The takeover of America was accomplished when the British, European, and American bankers created the Federal Reserve System in 1913. That year our nation was hijacked. Congressman Charles Lindbergh, father of the future aviator, called it “the legislative crime of the ages.”

The Federal Reserve is a privately-owned central banking system modeled on the Bank of England. From that day onward we got all the accoutrements of empire which have burdened our nation ever since: an enormous national debt, a crushing tax burden, permanent inflation, constant warfare, a gigantic and overweening military-industrial complex, a national character marked by arrogance and violence, and today, the enmity of the world.

Our wealth has been based, first, of course, on our own industriousness and natural resources—a positive—but, when that has proved insufficient, on taking it from others. Until recently our businesses and industry have dominated the globe—ever since World War II. The American dollar has been the world's reserve currency and the denominator of trade in the “black gold” known as oil.

Through the neocolonialist institution known as the International Monetary Fund, we dominated the economies of the developing world. And we backed up our hegemony with military might. Since the start of World War II in 1941 we have been at war with somebody, either overtly or covertly, continuously. This pattern of warfare accelerated with the Reagan Doctrine of fighting proxy wars starting in the 1980s.

Today our military is based in 166 nations. Our economy is dominated by two industries—banking and armaments. Egged on by Israel and the U.S.-based neocons, we are engaged in the military conquest of the Middle East. This began after the 9/11 attacks through use of off-the-shelf plans to invade Afghanistan and Iraq. We are also seeking “full-spectrum dominance” by planning, once again, to put weapons into space.

And we are bankrupt—morally and financially. We gave away our manufacturing industries to the operators of overseas sweatshops and have tried to live on our investments and the inflation of our homes and paper assets. Our secret intelligence agencies are heavily involved in the illicit drug trade, and we carry out our foreign policy with assassinations, subversion, and torture.

Yet we have a national debt approaching $10 trillion and a total societal debt of $50 trillion, neither of which can ever be paid off. Meanwhile the world's financial controllers, still mainly based in London along with Wall Street, have gotten unbelievably rich from the proceeds of empire over the decades and are probably laughing up their sleeves as they watch us inch toward the next world war.

Because it's a fact that the threat of nuclear war which we thought had been dispelled by the end of the Cold War today has come back. Remember talk of the “peace dividend”? What a joke! In our name, and with our money, the U.S. military-industrial complex is seriously preparing for a world war that would be fought with nuclear weapons against Russia and China.

The trigger could be a U.S. attack on Iran, which seems to be in the works and may take place before the November presidential election. Disgusting and corrupt corporate media outlets like the Washington Post are again beating the drums for war on behalf of the financiers and Israel as they did in the run-up to the war against Iraq.

Is there still a chance for us to step back and become the nation we once were, the home of liberty and the hope of mankind? Although I have tried to address these and many other issues in my writings, I honestly do not have the answer to that very pertinent question.

By Richard C. Cook
http:// www.richardccook.com

Copyright 2008 by Richard C. Cook

Richard C. Cook is a former U.S. federal government analyst, whose career included service with the U.S. Civil Service Commission, the Food and Drug Administration, the Carter White House, NASA, and the U.S. Treasury Department. His articles on economics, politics, and space policy have appeared on numerous websites. His book on monetary reform entitled We Hold These Truths: The Hope of Monetary Reform will be published soon by Tendril Press. He is also the author of Challenger Revealed: An Insider's Account of How the Reagan Administration Caused the Greatest Tragedy of the Space Age , called by one reviewer, “the most important spaceflight book of the last twenty years . ” His Challenger website is at www.richardccook.com . A new economics website at www.RealSustainableLiving.com is upcoming with partner/author Susan Boskey. To get on his mailing list, for questions and comments, or to pre-purchase copies of his new book, please write EconomicSanity@gmail.com .

Richard C. Cook Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Comments

Francisco Almeida
01 Jun 08, 01:04
Tribute to America

This article exposes the pains of a man of virtue and values.

He sees his nation dying, covered in shame and infamy.

Yes, America was the best country this planet had ever seen, as her revolutionary Constitution rose the human genium of Freedom to hights never dreamt of.

My words are a lamenting tribute to the America we The World used to admire, the America that used to inspire us as a leading reference of Freedom, Creativity, Ethics and Values. The America we wanted to be.

But there's ONE hope standing:

The American People, they must raise a Revolution.

Or we all die together.

If they attack Russia and China - no matter which one remains wobblingly standing amongst radioactive debries - life will be extinguised from this planet, as five years lasting gigantic smoke and dust clouds spread all over the globe and blocks sunlight, therefore killing trees and all animal life. Only ants and cockroaches will survive in such a hell of darkness and radioactive lethal dust.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules