As North Africa and Southwest Asia erupt against their gerontocratic leadership, much of it part of the US satrapy there, we can see evidence of the loss of US global power. Bubble reinflated for now, the inevitable crash will now also be worse, so that’s looming.
But there is another region to think of now with regard to US power, and that is Latin America. The Honduras coup of 2009, courtesy of the US State Department, the International Republican Institute, AT&T, and the Honduran oligarchy, was a desperate move to undermine ALBA and the general tendency for regional independence, followed by the abortive attempt against Ecuador’s government last year. But the two leviathans in Latin America are Brazil and Mexico. Brazil will not rebel any time soon, because it has purchased so much US debt that it has effectively lashed its own future to the US economy. Not so Mexico.
If Mexico leaves the US orbit, it will constitute another Egypt-scale political earthquake for the US; and the signs are there.
The last Mexican general election was won only through massive fraud, and the opposition was anti-neoliberal.
When Mexico goes, and it will go, stand by for a Richter 9.