The United States is strategically weak and vulnerable in an increasingly dangerous world. With at least China, India, Russia, and the Middle East building their relative strategic power, and with the U.S. declining in relative strategic power, the U.S. is becoming increasingly vulnerable to complex and potentially powerful political and military forces.
Those statements may seem unduly alarmist. However, since 1950 the U.S. has been in five wars, has not won a single war strategically, and is now strategically weak. I forecast that decline. The U.S. may have great military strength, but that provides only tactical strength. The U.S. also needs strategic power which is developed by improving and astutely coordinating all national strengths: political, economic, geopolitical, diplomatic, social, and military. The U.S. cannot build strategic power—it cannot even balance national budgets and reduce the national debt—because the nation’s underlying monetary and banking system is, itself, unbalanced.
It has been foreseeable for years that the nation’s unbalanced monetary and banking system would be a cause for many national problems. The list seems endless and disheartening, for example: wars the nation could not and can not win strategically; political disarray; economic depression; millions of people unemployed and impoverished; millions of personal and business bankruptcies; a geometrically rising national debt; a mathematically foreseeable inability to balance national budgets; a nation-weakening trade policy; a bickering and seemingly ineffective Congress; and the list goes on.
The unbalanced monetary system should be reformed. Tax changes and spending cuts are not monetary reforms; instead, they are fiscal changes. Until there are constructive monetary reforms the nation’s problems will continue, change, and get worse. The nation needs monetary liquidity, economic and social growth, strategic power, and a decreasing national debt.
In Chapter 17 of my book I recommend the adoption of a merging hybrid monetary system, one part debt-based and one part asset-based and debt free, which will help the nation to achieve all four of those needs. Specifically, I recommended the creation of a special National Economic Development Bank (NEDB) for funding and undertaking a massive asset-based infrastructure program which would be limited primarily by the economic resources and human services available. This program could do many things, for example; help improve all national strengths and thereby help to increase the nation’s strategic power; build or modernize many public capital assets including buildings, water systems, sewage systems, roads, bridges, and many other public capital assets; build people; increase jobs; reduce poverty; support economic and social growth; indirectly strengthen worthy entitlements; help to lower debts and taxes at national and state levels; reduce personal and business bankruptcies; stimulate the development of new ventures and services nationwide; and make the U.S. a great nation again. Do it!
The nation should have industrious and proud people, a thriving society, and a new dawn. It should be an independent, free, and great nation again. Build it, and go forward!
My book is available through my website www.buildusanow.com, Outskirtspress.com, Amazon.com, or Barnesandnoble.com, as a paperback, ebook, Kindle, or Nook. Recommended additional Commentaries are: AVOID A FISCAL CLIFF, BUILD THE USA, RESOLVING THE DEBT PROBLEM, ADOPT A HYBRID SYSTEM, and A TRUE STORY. Please send this and other document to others and post your comments on my website. WHJ. 11/27/12.
THE MONETARISTS AND THE EVOLVING CRISIS
WAKE UP, AMERICANS; WE ARE LOSING OUR GREAT NATION
William H. James, Ph.D., Author www.buildusanow.com