For decades now the U.S. government has used the term ‘Democratization’ for justifying their going into foreign countries and either assassinating their leaders, or sanctioning their economies. And as a result, nearly all the nations Washington has sought to invade or interfere with have resulted in a complete loss of economic wealth, and a move towards extreme poverty following their insurgence.
Take for example Libya. After the former Secretary of State and now Democratic Party Presidential candidate Hillary Clinton ordered the invasion of Libya using trained, funded, and armed NGO’s which saw the brutal slaying of Muammar Gaddafi, the once prosperous North African economy is now a wasteland and on the brink of economic collapse.
The Libyan economy is facing collapse as the civil war is disrupting the country’s main source of income oil production, warns the World Bank.
“With oil production just a fifth of the potential, revenues have plummeted, pushing fiscal and current account deficits to record highs. With the dinar rapidly losing value, inflation has accelerated, further eroding real incomes,” the report said.
As a result of falling crude prices and low output, Libya’s foreign reserves have shrunk from $107.6 billion in 2013 to a projected $43 billion by the end of this year.
The Libyan economy has shrunk by an estimated 8.3 percent, leaving the country in recession since 2013, with GDP per capita dropping by nearly two-thirds of its pre-revolution level, the bank says.
In the first seven month of 2016, Libya’s state income of 3.2 billion dinar ($2.28 billion) was just a tenth of what it was during the same period last year. The Libyan dinar has dropped 73 percent against the dollar on the black market. – Russia Today
In addition, other nations that have seen massive economic declines due to U.S. interventions that were meant to ‘Democratize’ include Iraq, Afghanistan, Egypt, and Ukraine.
There is a reason why so many countries, including long-standing allies like Britain and the Philippines, are moving away from the U.S. and into China’s sphere of influence. It is because there is little that America has to offer the world economically anymore besides inflation and the threat of military intervention., and neither puts food on their tables or provides them with jobs and real economic growth. And unless the U.S. starts to move away from using force to coerce nations into following their agendas, and instead offers real partnerships that are prosperous to both sides, then very soon the world will look at America as an evil empire like they did the former Soviet Union 30 years ago, and isolate them by building protective allegiances elsewhere.
Kenneth Schortgen Jr is a writer for The Daily Economist, Secretsofthefed.com, Roguemoney.net, and Viral Liberty, and hosts the popular youtube podcast on Mondays, Wednesdays and Fridays. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.