That's right, the dollar. Its all about the dollar. Maintaining the illusion the currency has value while liquidity is pumped into every corner of the Western World in the form of these so called paper reserve currencies. The "rest" of the World is sick of us. They're sick of being threatened by us. They're sick of being forced to take our paper promises for their labor and resources with artificially suppressed prices on top of it. There own currencies are crushed and they pay higher and higher prices for essentials while we drive our new sub-prime car loan purchases with even cheaper gas from their reserves. They're sick of it. They watch their countries being carpet bombed and millions of people displaced into refugee camps and starving children by the millions. They're sick of it.
They watch our bloated, bloviating politicians campaign on promises of bringing even more death and destruction to their countries while debating who can bomb the most in the name of freedom. They're sick of it.
Larger, more powerful leaders are looking at these policies as they, themselves are pushed into increasingly uncomfortable choices of supporting the hegemony or resisting it with force. They are sick of it too.
Unlike the poorer less defensible countries, Russia, China and their allies (which are increasing) continue to prepare for the eventual shift away from the dollar burden, while the West tries to extend its power by pushing more and more dollars into the liquidity trap.
No one wants to buy any of the Junk now. As liquidity dries up now, the TRILLIONS of printed new debt to support the hundreds of Trillions of existing debt. Its called a trap for a reason. All of the shadow banking system has all of its newly acquired debt vehicles but without Trillions more of Fedbux coming their is now NO DEMAND and therefore NO BUYERS for their funds and debt. Its over. It may not end tomorrow but more than likely increasing strains will show up very shortly and then the panic begins. Its called the music has stopped. Now find your chairs. gl