The worst part of the chaos of US foreign policy is that it is a threat to us, to our financial well-being, and to our liberty.
We’ve talked so often about the various groups that are fighting over in Syria and the Middle East. But the one thing that unifies all these groups is their anti-Americanism. There is a tremendous incentive for these people to resent our presence there. They’ll fight some other day over who will gain control, but right now they’re unified by anti-Americanism. Unfortunately, that is not good for us.
Someday, we should wake up and realize that the Founders were right: the less that we’re involved, the less entangling alliances that we’re engaged in, the more we depend on free markets and freedom and willingness to trade with people, the better off we’ll be.
We don’t need an Empire to thrive. As a matter of fact, Empires always fail. I think what we’re witnessing today is the opening bell to the failure of our Empire and the failure of the dollar.
There’s some pretty good evidence right now: China is selling Treasures. They actually told our government that they were selling because they don’t want to cause chaos. They want to keep selling at a gradual level. But that might become contagious. Other countries might decide to sell Treasuries as well. And no matter what The Fed does, interest rates will go up.
That day will come. We don’t know when, but ought to be prepared, and we ought to think about how to rebuild and concentrate once again on free markets, property rights, sound money and individual liberty.
That’s what we need. That’s what would solve our problems.