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How Democracy Dies: The U.S. Is A Solid Case Study

Loss of Liberty
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EDITOR NOTE: Given everything leading up to the 2020 election, and seeing the violent fruition of Americas’ political fervor on January 6 when a mob stormed the capitol, can we say that our current state of social and political affairs constitutes the end of our 245-year experiment in Democracy? Considering the last election, it appears as if we live in two Americas, both of which claim the conditions of truth. Note that I didn’t say “access” to the truth, nor did I say that such a “truth” is provable (accessible). That’s what laws are for--to put a “logical end” to disputes, regardless of whether the verdict reflects the truth or not. But even that wasn’t enough. Let’s face it--it isn't the truth that most Americans are after. It’s the desire for a particular way of living--a particular way of “branding” America, branding themselves and branding others around them. It’s a desire so strong that many Americans will pursue it to the point of a certain level of destruction. So maybe this is the end of the American empire; or maybe not. Empires fall. The good news, if we can call it that, is that sound money prevails. We’ve seen countless empires come and go--all outlasted by gold and silver. If that’s what’s anchoring your wealth, then, historically speaking, you’ve made the right decision. And to that, we can claim a near-absolute “truth.” 

Irony is dead at Trump's State Department.

In a statement on Saturday, Secretary of State Mike Pompeo's spokeswoman praised Ugandans for braving "an environment of intimidation and fear" to cast votes in national elections. "We are gravely concerned by harassment of and continued threats to civil society," Morgan Ortagus added, bemoaning reports of election irregularities and violence. "We urge all parties to reject violence and to use constitutional and legal means to address complaints."

For most of the last 80 years, this would be a pretty standard statement consistent with America's self-appointed role as a guardian of global democratic norms. But it's awfully bold after the US President himself tried to steal an election he clearly lost and then incited a mob's attack on Congress. US moral authority has been gutted -- but credibility doesn't seem to be a priority for the Pompeo team boasting about renewed American "swagger."

President-elect Joe Biden's team is well aware of America's shredded reputation overseas and plans to convince the world that "America is back" as soon as he's sworn in on Wednesday. (Notably it was incoming national security adviser Jake Sullivan who reacted first to the detention of Russian opposition leader Alexey Navalny, tweeting Sunday that "the Kremlin's attacks on Mr. Navalny are not just a violation of human rights, but an affront to the Russian people who want their voices heard." Pompeo chimed in on Twitter about four hours later.)

But restoring American clout is not like flipping a switch: Many US partners aren't sure Trumpism is gone for good. Shortly after winning the leadership of German Chancellor Angela Merkel's CDU party this weekend, Armin Laschet, warned, "Trust is what keeps us going and what has been broken in America. By polarizing, sowing discord and distrust, and systematically lying, a president has destroyed stability and trust."

In nations historically indebted to the US for the preservation or restoration of their own freedoms, leaders used to cite Washington as a guiding light. Now the US is a case study in how democracy can die.

The Trump White House is packing up to leave, and staff are taking their mementos with them. Above, Trade advisor Peter Navarro -- an extreme China hawk who invented a fictional economics expert to bolster his arguments -- was spotted exiting the West Wing last week with a framed photograph of Trump and Chinese President Xi Jinping on the sidelines of the 2018 G20.

Brand damage

For someone who has long since given up caring about his job, Trump sure put up a pitched fight to keep it.

Of course, losing Air Force One will suck. No Marine band plays when an ex-POTUS walks into a room, even in gilded Florida exile. And the former reality show host has always been desperate not to seem like a loser. But he didn't try to destroy democracy this year just out of personal pique -- post-presidential life is likely to be especially uncomfortable for Trump because his company is a massive branding exercise. And when the name on the front of the building represents an international pariah, that's a problem.

That's what led the PGA of America to pull its 2022 major championship away from a Trump golf course in New Jersey. In another incalculable personal and financial blow to Trump, the PGA's global counterpart the R&A won't send its Open Championship to his Turnberry resort in Scotland. The President's hospitality properties — often financed by massive lending — were already struggling amid the pandemic. Now, banks, financiers and management firms are cutting him loose. Plus, the President has a $300 million loan payment looming in a couple of years. And while he has millions of followers, most Americans can't afford the luxuries offered by Trump hotels, exclusive clubs and condos.

The Trump Organization does have some valuable assets. And the President wriggled out of financial disasters before, with the aggressive use of the bankruptcy laws and the courts. But Trump has more to worry about than money. He's facing multiple legal challenges relating to his own personal conduct and the way he ran h fis businesses. There's possible legal exposure from his inciting of the insurrection on the Capitol and attempt to steal the election in Georgia, not to mention his coming impeachment trial.

Trump may be about to lose the two privileges of office that were perhaps most valuable to him — using the presidency to pitch resorts and hotels, and a Justice Department policy that considers sitting Presidents immune from indictment.

Originally posted on CNN

Bank Failure Scenario Cover Small Not Tilted



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