The House GOP and Leninism



The threat by the GOP to hold the debt ceiling hostage to their political agenda is a threat to destroy international confidence in the good faith and credit of the United States. If the US stops paying debts incurred by previous Congresses, it calls into doubt the trustworthiness of the US. The dollar is currently the world's reserve currency and US treasuries are, for now, among the safest investments. But blocking the debt ceiling increase is a threat to default on treasuries in particular and US government debt in general.

Lenin believed that a key to the socialist revolution in Bolshevik Russia was to debase the currency by destroying confidence in the ruble:

"Hundreds of thousands of ruble notes are being issued daily by our treasury. This is done, not in order to fill the coffers of the State with practically worthless paper, but with the deliberate intention of destroying the value of money as a means of payment. There is no justification for the existence of money in the Bolshevik state, where the necessities of life shall be paid for by work alone."

In the case of the GOP House, the method is different, but the outcome will be the same--destroying the value of the US dollar.

The Republican Party used to style itself as a conservative bastion of patriotism and a bulwark against Soviet communism. How ironic that it has come to embrace Leninist radicalism 100 years after the Russian Revolution.

https://www.theatlantic.com/business/archive/2013/09/unveiled-lenins-brilliant-plot-to-destroy-capitalism/280006/

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