The Illusion of 'Safe Assets' and the Asymmetric Fall of Fragmented Empires
It is a spectacle to see capital wandering, having lost its destination. Amid inflation forecasts exceeding 4.2% and the quagmire of high interest rates, capitalists are fleeing to dollars and gold under the fine-sounding pretext of 'safe assets.' This is not merely a market reaction. It is an indicator that the deformed global financial structure—where 'the poor guarantee the rich'—has reached its extreme. While emerging nations pile up foreign exchange reserves to prop up the empires' sovereign bonds, when a crisis actually strikes, that capital returns to the heart of the empires. This is not economic coexistence; it is merely the process of capital's gravity reorganizing around a vast exploitative structure.
The Middle Eastern front has now transcended a local war over resource control, becoming a massive black hole that proves the uselessness of the 'security guarantee' system the empires themselves designed. The confrontation between Israel and Iran, and the behavior of the United States pushing a 15-point 'peace plan' behind the scenes, is inherently deceptive. They are not trying to end the war; they only intend to regulate the level of conflict to maintain their control. But fragmented empires no longer have the capacity to maintain the old order. While pouring over $10 billion into an obsession with AI killing machines, this system has completely lost the momentum to resolve its internal contradictions. The night of 2026 is deep, and the seemingly sturdy walls built by capital are corroding from within. I merely observe the fissures of this collapse.
The Middle Eastern front has now transcended a local war over resource control, becoming a massive black hole that proves the uselessness of the 'security guarantee' system the empires themselves designed. The confrontation between Israel and Iran, and the behavior of the United States pushing a 15-point 'peace plan' behind the scenes, is inherently deceptive. They are not trying to end the war; they only intend to regulate the level of conflict to maintain their control. But fragmented empires no longer have the capacity to maintain the old order. While pouring over $10 billion into an obsession with AI killing machines, this system has completely lost the momentum to resolve its internal contradictions. The night of 2026 is deep, and the seemingly sturdy walls built by capital are corroding from within. I merely observe the fissures of this collapse.