Putin v. Trump's MAGA
by Stephen Lendman (stephenlendman.org - Home - Stephen Lendman)
MAGA is all about dominating other nations by brute force or other means, controlling their resources, and exploiting their populations.
It features endless wars of aggression against sovereign independent nations, aiming to forcefully transform them into US client states.
It's about expanding NATO into a US-controlled global military. It aims to create ruler-serf societies worldwide, the middle class eliminated everywhere.
It's about a world unsafe and unfit to live in, totalitarianism over democratic rule, free and open societies replaced by police state control.
Putin has other ideas based on world peace and stability, not endless wars for dominance, mutual cooperation among nations, and multi-world polarity.
He and China's Xi Jinping participated in the June 6 - 8 St. Petersburg International Economic Forum (SPIEF). Putin slammed what he called "patterns (of US-led) Western…exclusiv(ity)."
"(W)e should be straight about this," he said, citing key examples, based on "striving to preserve one's domination at all costs (through) trade wars and sanctions" — as opposed to "the principles of free trade and honest and open competition" among world nations coexisting in peace.
Nord Stream II gas pipeline construction by Russia and its partners is one of many examples he discussed — aiming to deliver low-cost natural gas to European markets, EU nations and enterprises involved because the project hugely benefits them.
Yet "endless attempts to torpedo this project are made" by the US without mentioning it by name, said Putin, calling what's going on a "destructive practice."
The situation with Chinese tech giant Huawei is another example of unacceptable hegemonic US policies. Putin called what's going on "the first technological war" in the digital era.
One nation (the US) aims to "concentrat(e) revenue in the hands of (its enterprises and allied ones) at the expense of everyone else," Putin explained.
"(A)n attempt is being made to build two worlds, the gap between which is constantly widening…A system based on ever-increasing injustice will never be stable or balanced."
Ecocidal policies endanger the "well-being of all humankind," he warned. Not mentioning the US by name, he stressed an agenda "where common international rules are replaced with the laws, administrative and judicial mechanisms of one country" and its allies at the expense of all others.
What's going on "is the road to endless conflict, trade wars and maybe not just trade wars. Figuratively, this is the road to the ultimate fight of all against all."
He slammed the dollar as a global reserve currency, calling it "an instrument of pressure exerted by the issuing country on the rest of the world," an unacceptable situation that must change.
"Confidence in the dollar is plummeting," he said, a positive development longer-term if continues in this direction. More on this below.
"Russia is ready" to address global "challenges and changes. We invite all of you to take part in this large-scale and equitable cooperation," Putin said in his concluding remarks.
RT cited seven times he slammed Washington's hegemonic agenda, with or without mentioning the US by name.
Putin opposes US hegemonic aims, ignoring the rule of law, operating by its own rules exclusively, supporting "the emerging multi-polar world."
He called for shifting the international financial system away from dollar dominance, the most powerful tool the US uses to pursue its hegemonic agenda.
It facilitates US corporate takeovers and speculative excess – creating bubbles and global economic crises.
It finances US militarism, its global empire of bases, and endless wars of aggression – smashing nations to control them at the expense of democratic freedoms and social justice.
Large dollar inflows into US Treasuries finance the nation's budget deficit.
As long as world central banks buy US dollars and they dominate international trade, its hegemony is preserved at the expense of world peace, stability, security, and fundamental freedoms fast eroding en route to disappearing altogether.
Nations trading more in their national currencies could be a game-changer longer-term. Weaponization of the dollar against allies and adversaries encourages de-dollarization. It's an idea whose time has come.
Paul Craig Roberts explained that years of money printing by the Fed and low interest rates didn't stimulate business investment for healthy economic growth.
It encouraged corporate America to borrow on the cheap to buy back their own stock and inflate market prices. "It is a poor economy when the best investment for a company is to repurchase its own shares," Roberts explained.
America's good economy is an illusion. How can it be good when "the real rate of US unemployment is 20%, not 3.5%," as economist John Williams explained — or when America's industrial base and millions of jobs were offshored to China and other low-wage countries.
"(C)orporate leaders and owners benefited by harming the US economy, the careers and livelihoods of the American work force, and their own companies," said Roberts.
That's the deplorable reality of today's America for the vast majority of its people, a nation where poverty is a leading growth industry, where most jobs created are low-wage/poor-or-no-benefit rotten ones paying poverty wages.
US hegemonic aims threaten world peace. Putin explained that its policies "turn(ed) (the) global economy (into) a fight without rules, a battle royal," stressing that a "system based on obvious injustice will never be stable and balanced."
The nation I grew up in no longer exists. Opportunities I had aren't available to young people today, a nation serving its privileged class exclusively.
Hostile US hegemonic policies transformed planet earth into a perpetual battleground at home and abroad.
Inside the bubble is paradise for investors and high-net worth households. Outside is dystopian hell paved with ill-intensions.
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My newest book as editor and contributor is titled "Flashpoint in Ukraine: How the US Drive for Hegemony Risks WW III."