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Wednesday, October 05, 2011

See what I mean about the rise and fall of empires?

This just backs everything I've said about the deadlock in American politics; the world has categorically moved on from a US-dominated global economy and the only people who are doing nothing about it are the Capitol Hill Brigade.

This news from Russia will doubtless see French, German and British finance ministers launch a whole range of relationship-building exercises which will further damage the US economy in the wake of 10 solid years of political chauvinism under Bush. It is absolutely no coincidence at all that it comes after another suicidal decision by a US president to back Israel in the UN against the wishes of the rest of the worlds governments. This has been timed to say to America's president, "Ok, so let's show you how irrelevant you are in the Security Council. Go ahead, veto another piece of the puzzle; we don't need you anyway".

British excellent relations with India, French close economic bonds with China, German diplomacy in Russia. 15% of UK trade is with the US and that figure is rapidly diminishing.

People in Washington are rushing their country into absolute decline by sidelining the US in just about every international organisation from the UN to NATO to the IMF. And they think this news doesn't prove what happens when you tamper with global political opinion.

British GDP per capita PPP is still head and shoulders above Russian GDP so it'll be a while yet before there is any serious impact, but who do you think the Arabs and Iranians would now prefer to sell their oil to? India recently agreed to pay Iran over £3 Billion in oil debt because Iran threatened to stop exports of oil to India; so if India (a 1 Billion person economy) does as Iran says, what hope is there for the US to resist the tide if the Middle East has its probable backlash after decades of interference which established Mubarak, the Shah of Iran, Israel and all the other despotic regimes out there?

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