The “De-Americanisation” of the Global Economy: Emerging Solutions for a Multipolar World

It’s one of those times when history accelerates. Whatever the outcome of the negotiations on the shutdown and debt ceiling, October 2013 is one of them. It’s the deadlock which has opened the eyes of those who still support the United States. A leader is followed when he is believed, not when he is ridiculous.

“Building a de-Americanised world”: this statement would have raised a smile a few years ago. At most it would have passed for provocation by Hugo Chavez. But when we are seeing the United States’ bankruptcy in real-time and it’s an official Chinese press agency that says so (1), the impact isn’t the same. In reality, it’s describing out loud a process which is already well underway: simply, it’s now allowed to speak about it in public. At least US government deadlock has the merit of loosening tongues (2). Let there be no mistake, this analysis hasn’t appeared in the Chinese media by chance, and it reflects Beijing’s hardening tone.

In fact, if the whole world is holding its breath before this pathetic game of the US elite; it’s not out of compassion, it’s to avoid being swept away in the fall of the world’s first power. Everyone is trying to free itself from American influence and let go of a United States permanently discredited by recent events over Syria, tapering, shutdown and now the debt ceiling. The legendary US power is now no more than a nuisance and the world has understood that it’s time to de-Americanise.

This perspective and speaking the unspeakable (3) is finally freeing-up a whole range of solutions which, until now, were simply signs, even still repressed by some. These solutions are speeding-up the construction of the world afterwards and opening on a multipolar world organised around major regional blocs. After a review of American setbacks, in this GEAB issue our team will analyse the forces which are shaping this changing world. In the “Telescope” section we also take a look at the actual state of US society which, behind the mirror of the stock market and finance, explains the collapse of the American way of life and take part in this look with hindsight at the US model. Finally, we update our annual country-risk assessment to complete the global picture and, of course, give our traditional recommendations and the GlobalEurometre.

Layout of the full article:

1. “No we can’t”
2. A succession of crises
3. Shutdown: the laughing stock of the world, but a forced laugh
4. De-Americanisation at all levels
5. The petrodollar is dead, long live the petroyuan
6. China shows Euroland the way
7. Russia, South America: following de-westernisation

This public announcement contains sections 1, 2 and 3

How times change. The whole world has forgotten the words freedom, hope and the famous saying “Yes we can” representative of US society in the eyes of previous generations to now only speak of taper, shutdown or ceiling. This isn’t exactly the same dynamic and the positive image has become outright negative.

It’s striking to see the extent to which the current US situation confirms the old adage that trouble never comes alone. In a six-week period, first of all humiliation by Russia over Syria, then its central bank which admits it’s impossible to reduce quantitative easing (4); the inability to pass a budget which means federal government shutdown, a shutdown lasting well beyond what is reasonable (5). Negotiations on the debt ceiling at a standstill two days from the deadline; the United States ordered by the G20 to ratify the IMF reform which it has been blocking for the last three years, and by the World Bank and the IMF to put its finances in order (6). And now the Chinese shot across the bows.

Source: Global Research