Geopolitical Lies Fuel Financial Bubble w/ Jeffrey Sachs

The West faces a crisis of power because it no longer runs the world, but it is programmed to protect a hegemony that no longer exists.

China's rise and Russia's return are good for the world and beneficial for living standards, not disasters.

Britain's relative decline and desire to prevent displacement by other powers mirrors current U.S. policies and led to disaster in the past.

The valuation of elites and the stock market is dependent on keeping both the geopolitical and financial bubbles alive. The broad public recognizes the bizarre nature of the narratives and is dismayed by unaffordable living costs rather than driven by nationalism.

The article bizarrely defines multipolarity as a Hobbesian war of all against all and dismisses cooperation as unfavorable to U.S. interests. The logic of organizing an alliance against China is precisely the logic that led to World War I.

China's fundamental logic is to avoid being impoverished again and to live normal, prosperous lives, not to replace the U.S. as hegemon. China has only one or two overseas bases compared to the U.S.'s 750, disproving claims of aggressive expansion.

The SCO and BRICS represent a large share of world population and output, and Eurasia is advancing economically while rejecting Western craziness. The Russia-China alliance is a smart economic complementarity that Europe gave up by cutting itself off from Russia.

Iran is a highly sophisticated civilization, and the U.S. image of it as backward is a cartoonish delusion. The U.S. weaponized the dollar to enforce sanctions, but other countries are figuring out non-dollar settlements to bypass this.

If sanctions were lifted and financial instability addressed, Iran's economy would take off to a degree barely imaginable.

A financial correction is inevitable due to debt and market valuations, but a geopolitical explosion can be avoided with rational policy. The U.S. and European public are unhappy, want wars to stop, and are not defending Western hegemony, offering hope for change.

Trump is psychologically unstable and incompetent, but presidents don't run much in the U.S. anyway, so the CIA holds more control.