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Bled Dry

By Patrick Foy | Dossier.com | March 28, 2013

We are witnessing the slow-motion collapse of the second Anglo-Saxon imperium in less than a hundred years. There was something called Pax Britannica under the reign of Queen Victoria, a truly amazing transcontinental empire without peer in world history. That era was England’s apogee. Then, after the Queen’s diamond jubilee in June 1897, England’s prospects darkened, at first imperceptibly.

In the immediate aftermath of those two stupendous British Empire wars of the 20th Century–now known as World War I and World War II–both conveniently blamed on Germany, everything came crashing down. In short order, England was reduced to a zero, thanks to the venality, hubris and fatheadedness of its “elites”. The torch was grabbed by the second Anglo-Saxon power, in the person of our great white father, Franklin Delano Roosevelt, and his gang of dedicated Reds and starry-eyed Anglophiles.

The upshot was apparent at the Bretton Woods conference in New Hampshire in July 1944. It was here that the victors of the second blood bath decided what the spoils were going to be. England, under the leadership of that unbalanced mountebank, Winston Churchill, was only a nominal victor. The true victors were Washington and world communism.

The former held all the cards outside the communist world, since old Europe and Japan had been left in shambles and partly incinerated. And the once great British Empire of palm and pine was now truly bankrupt, thanks to Churchill and the warmongering machinations of Lloyd George and Sir Edward Grey, among other misguided statesmen, before him.

Benn Steil, director of international economics at the Council on Foreign Relations, is cited in a New York Times article of October 26th, 2012, as suggesting that readers of the recently-uncovered transcripts of the Bretton Woods Conference would discover the British Empire disintegrating before their eyes.

The same Benn Steil has now written a book, The Battle of Bretton Woods. Tony Barber, the esteemed European editor of the Financial Times, reviewed it in the FT weekend edition of February 9th/10th, 2013. Barber remarks that “… Benn Steil explains how two world wars in 31 years bled Britain dry, leaving it with minimal influence over the new international economic and monetary order established by US policymakers in the mid-1940’s.”

The gentleman representing the US at Bretton Woods was Soviet master spy, Harry Dexter White, the son of Lithuanian Jewish immigrants. Representing Britain was the celebrity economist, John Maynard Keynes. Alas, the urbane Englishman was reduced to “… the status of an articulate annoyance.” Keynes had warned the Foreign Office not to let the US “… exploit the war as an opportunity for picking the eyes out of the British Empire.” But at that point, what choice did John Bull have? None. The Great Game was over.

In the same article, Barber goes on to review another book on a related topic. “In The Leaderless Economy, Peter Temin and David Vines extend the story that Steil concludes at Bretton Woods, charting the decline and fall of the US-dominated international order that it inaugurated. They contend that the world has not recovered from the banking crisis that erupted in 2008 largely because, unlike in the 1940s, no nation is powerful enough to guide the global economy towards prosperity.”

Barber quotes the authors, Professors Temin and Vines: “Like Britain roughly a century earlier, America has become part of the problem, not the solution.” It is unclear what exactly is being referenced here. The folly related to England’s participation in the Great War of August 1914, the disgraceful Treaty of Versailles in 1919 and its reparations regime, the inability of England to cope with the Great Depression of the 1930s, or British insolvency at the end of the Second World War? Let’s say all three. For my money, the key to everything right down to the present moment remains the Great War.

Does the average American realize that he and she are being bled dry by their own “elites” who suffer from a similar myopia and arrogance as the blockheads in Whitehall who gratuitously catapulted England into two world wars? Of course not. How could they? It is being kept under wraps. Those whose interests are being advanced directly and indirectly by current circumstances do not want the music to stop. Why should they blow the whistle on themselves? Instead, they go with the flow. Everyone in Washington follows the line of least resistance.

Remember the “Peace Dividend”? That was supposed to be America’s reward for winning the Cold War in 1990/1991. Resources would be freed up to use on the home front. But something happened to derail the dividend. What was it? Oh, yes. Saddam Hussein invaded the city-state of Kuwait on August 2nd, 1990. Saddam had misinterpreted the mixed signals sent from his then-ally, America. Washington had abetted Iraq’s war on Iran for nearly a decade. With Iraq’s annexation of Kuwait, Washington was off to the races again. A full-blown crusade was the result.

In the process, half a million Iraqi children were left dead due to the economic embargo imposed by Bush I and Bill Clinton. In the process, America got hit with the atrocity of 9/11. In the process, a disarmed Iraq was targeted for “shock and awe” and overrun as part of the Global War on Terror. GWOT was the private agenda war masterminded by the Neocons for Dick Cheney & Bush II. That private agenda war continues unabated under Barack Obama, who is considered to be some sort of “progressive”.

Concurrently, Afghanistan/Pakistan became a battleground and a hotbed of terrorism. It remains a quagmire for American and NATO troops. Meanwhile, as if more problems were needed, Washington policymakers loudly and shamelessly repeat the false accusation that Iran is running a nuclear weapons program.

G.W. Bush, Dick Cheney, Hillary Clinton, Joe Biden and Barack Obama knew that accusation was false. Their own intelligence community told them so in writing. Ditto Seymour Hersh in the pages of The New Yorker. No matter. The establishment media does not bark. The campaign against Iran is a rerun of Iraq.

Finally, just the other day somewhere in Palestine, Obama fulsomely embraced Theodor Herzl and his acolytes, thereby rationalizing and condoning the wholesale dispossession of Palestinians forever. Who noticed? It was the line of least resistance as well as Obama’s ticket to the greatest personal reward. No surprise.

America is at war, all right. Yet another unnecessary war of choice. We are being bled dry like England before us. Chalk up a second global Anglo-Saxon ascendancy thrown away and destroyed thanks to the chicanery of foolish men.

Related article

• How Dollar Diplomacy Spelled Doom for the British Empire – Bloomberg (bloomberg.com)

April 1, 2013 - Posted by aletho | Economics, Militarism, Progressive Hypocrite, Timeless or most popular, Wars for Israel | Benn Steil, British Empire, Council on Foreign Relations, Harry Dexter White, United States, World War II