What that great world monetary system based on the paper dollar has done to the US, was quite unexpected: it consists in obtaining foreign goods by tendering paper money in payment, something that is fundamentally fraudulent. And that fraud has come back to haunt the US, quite unexpectedly.
Human life is going to change radically, from here to the end of the present century, as the Petroleum Age comes to an end. The world will inevitably turn to the use of coal as a fuel, with all its drawbacks. The imminent drastic reduction in the amount of energy injected into human society, implies that the population of the globe will have to suffer a mega-contraction in the course of the next 80 years.
There is a lot of commentary going around the world, regarding Trump’s initiation of a “Trade War” to rebuild America’s industries. The US collapse into the “Trade War” syndrome only obfuscates the real outcome: the end of the US dollar as the world’s fundamental currency.
By the 18th Century, Physical Science had displaced the Church as the principal fount of knowledge. Physical Science was what was New, the Church represented the worn-out Old. The amazing feats performed by scientists held the attention of a spell-bound humanity