Are you really saying that not even God trusts in the greenback anymore?
JMNB: Firstly, Prof. Dr. Franz Lee, it is an honor to make this exclusive interview with you, spotlighting current burning world issues. As well-known socialist revolutionary for nearly half a century, as international political analyst, excellent lecturer at many international universities and author of many writings mainly in German, English and Spanish on global, historical issues, especially about Africa, Europe and the Americas … could you please tell us whether we are really heading inexorably towards a dreadful, global cataclysm with fatal results for the whole of humanity within a relative short period of time?
FJTL: I am not a divine prophet, a Nostradamus, also not a fortune-teller revealing future strokes of luck, however, as natural scientist and social philosopher I am studying the transhistoric latencies and tendencies, the possibilities and realities of our epoch of imperialist corporate globalization. In this case I fear that you are right, ruling class man, homo homini lupus, is on the verge of destroying life on this planet, that is, within the space-time of only two centuries the current capitalist world order is hell bent on annihilating a huge solar, galactic process that probably took 6 billion years to materialize itself.
JMNB: Getting back to contemporary reality, to the ‘plague’ about which already Simon Bolivar has warned us, at the end of January, Robert Reich of the ‘Financial Times’ informed us that the North America’s middle class is no longer coping, and is being threatened by bankruptcy.In your opinion, what did he mean, in how far does the housing fiasco in the USA affect the future of the world market, of mankind?
FJTL: A complex question indeed, but let us get down to brass tacks. Other sources have informed us that even in Europe, for example, in Germany, that the middle classes are waning away progressively. As a result of globalization, of concentration of capital, monopolization, merging and fusion of giant corporations like Exxon and Mobil (1998) or even Conoco and Phillips (2002), also Time and Warner (1987, 2000) and even with AOL.
One wonders why the U.S. economy still is functioning and why its ailing dollar … not based on productivity, but rather on wild speculation … has not collapsed as yet.
In fact, nobody knows or can calculate when this crash will happen. The only thing that is sure, is that the U.S. economy will eventually collapse unless, in the last minute by some miracle, the current world system could be changed radically.
Furthermore, the greenback is losing its hegemony as a world currency by the second; the dollar is not worth the paper on which it is printed anymore, it is simply backed by mammoth debts. At the same rate that foreign petro-dollars flee from Wall Street towards the East, towards Europe and Asia, towards the promising realms of the euro and the yuan, the US dollar is losing its value.
Probably, not even the beggars of Manhattan or Harlem want U.S. dollars anymore; everybody is looking for euros or other foreign currencies.
JMNB: Are you really saying that not even God trusts in the greenback anymore?
Now businessmen simply say that ‘money is money’ and »Euros Accepted’ signs are popping up all over in shops in New York City. Making use of the favorable exchange rates, hordes of European tourists flood New York City with hard cash to burn and to search for cheap ‘pleasure’ in the ‘land of a million opportunities’.
Yes, the American dollar is in death throes.
Comrades, from Revolution to Emancipation, la lutta continua — ¡Hasta la Victoria Siempre!
JMNB: Prof. Franz Lee, comrade, thanks for a most educative exclusive interview.