Global Economic Hegemon - Absolute Power Corrupts Absolutely
Historical Archive
This article is preserved as part of the historical record of this blog. It reflects the author's views at the time of publication. The content has not been substantively altered, although the HTML, accessibility and formatting have been updated to meet modern web standards.
Looking back to Nazi Germany and the support that the government had for invading neighbouring countries, you have to wonder whether the rhetoric and propaganda used to sway the German people was similar to that now being deployed to justify what would be a war of aggression.
Reading the Daily Mail's pronouncements as to why such a move is necessary, you get the feeling that the decision has already been made. However, we managed to co-exist peacefully with the Soviet Union for decades, despite its much larger nuclear arsenal.
In the United States, Barack Obama still had an election promise to fulfil by bringing troops home from Iraq. Meanwhile Ron Paul, my preferred candidate because of his non-interventionist foreign policy, continued to gain ground despite limited media coverage.
Like Nazi Germany, the Western world has entered a period of rapid monetary expansion. Like Napoleon, the US and UK have embarked upon successive military campaigns which, in my opinion, are motivated in part by economic interests. Egyptian and Libyan state assets were frozen and subjected to conditions before their possible return.
Thanks to the Senatorial campaign of Dr Mark Forskitt, I expanded my knowledge of the oil industry. With Saudi Arabia, Russia, China and Brazil increasingly trading outside the US dollar, American economic dominance appeared to be under growing pressure.
This means that, after decades of purchasing goods through the privileged position of the US dollar, the United States increasingly has to exchange tangible assets and resources to obtain imports.
At the same time, the Daily Mail criticised European Union leaders for pressuring Greece over its proposed referendum on continued membership of the Eurozone.
Under the bailout proposals, VAT would rise to 23 per cent, pensions would be reduced by 20 per cent and around 30,000 public servants faced substantial pay reductions.
The Greek Prime Minister proposed asking the Greek people whether they wished to accept these conditions. The European Union responded by threatening to withhold further support unless Greece remained committed to the Eurozone.
The governments of the UK, the US and the EU all appeared determined to pursue policies that, in my view at the time, lacked majority public support. They relied upon threats, misinformation and propaganda in an effort to justify policies that I believed were both immoral and economically unsound.
Are you certain that the Government of Jersey is any better than any of the governments of the world?
Historical Archive Update
This page was updated on 27 July 2026. The content has been preserved as originally published. This update was undertaken solely to modernise the HTML markup, improve accessibility, correct obvious spelling mistakes and grammatical slips, update obsolete links where appropriate, and bring the page into line with current web standards.
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