Loading ...West’s 500-year Hegemony Is Over – Orban
The West’s 500-year global hegemony is over and the future will belong to Eurasia, Hungarian Prime Minister Viktor Orban has stated.
The idea that “the whole world should be organized on a Western model” and that nations will be willing to join it “in exchange for economic and financial benefits” has failed, Orban said at the Eurasia Forum in Budapest on Thursday.
The Western world has been challenged from the East, the Hungarian leader declared, adding that the “next period will be the century of Eurasia.”
“Five-hundred years of the civilizational dominance of the West came to an end,” Orban said.
According to the Hungarian leader, Asian countries have become stronger and proved they are capable of “rising, existing, and lasting as independent centers of economic and political power.” They now have both a demographic and technological advantage over their Western peers, he claimed.
As a result, the center of the world economy has shifted to the East, where economies are growing four times faster than the Western ones, Orban said. “The added value of Western industry accounts for 40% of the world, and that of Eastern industry for 50%. This is the new reality.”
While Asia accounts for 70% of the global population and has a share of 70% in the world economy, the EU has emerged as the “number one loser” in the changing reality, according to Orban. He claimed that the West has also “suffocated” in its own environment, facing challenges such as migration, gender ideology, ethnic conflicts, and the Russia-Ukraine crisis.
RT
The West, weaponizing the USD using NATO the US Military as enforcement, is indeed at a tipping point.
Unless the US can pull off a miracle, the end point is a debased currency and hyperinflation ravaging the middle class. The working class is already living off handouts to placate them.
Precious metals and possibly Cryptocurrencies will be a place to park wealth while the transition occurs.
When the dollars come home one will be buying less Gold with what they have left.
That process will kill the real economy and jobs and the tax base.
Governments will inflate even more, and then tax the “profits” at higher and higher rates from instruments designed merely to keep pace with that inflation (on a pre tax basis).
So governments will then inflate even more.
Eggs just ramped 50% here in FL in the last week. Its not even Easter.