Weaponizing the Dollar

Weaponizing the Dollar

The signs are mounting steadily now. As the Trump administration weaponizes the dollar in defense of American hegemony, it is prompting many other nations to find alternatives to the U.S. currency as the default medium of exchange. The long-term implications of this swiftly advancing trend, evident among allies as well as those Washington considers adversaries,…

A World without Dollars? Are We Approaching the End of America’s Financial Order?

A World without Dollars? Are We Approaching the End of America’s Financial Order?

For Washington, the U.S. dollar is leverage, a financial weapon to dominate the world economy, to impose its foreign policy agendas and to secure a steady flow of natural resources over sovereign countries who use the currency. In the last decade or so, the reputation of the U.S. dollar has been widely discredited because it…

From Dollar Hegemony to Global Warming: Globalization, Glyphosate, and Doctrines of Consent

From Dollar Hegemony to Global Warming: Globalization, Glyphosate, and Doctrines of Consent

There has been an on-going tectonic shift in the West since the abandonment of the Bretton Woods agreement in 1971. This accelerated when the USSR ended and has resulted in the ‘neoliberal globalization’ we see today. At the same time, there has been an unprecedented campaign to re-engineer social consensus in the West. Part of…

‘In Gold We Trust’: Waning Confidence in US Sends World’s Central Banks on Buying Spree

‘In Gold We Trust’: Waning Confidence in US Sends World’s Central Banks on Buying Spree

Governments around the world have recently been on a “gold-buying spree.” These countries have a tactful reason for doing so, and this reason is directly tied to the anticipation of the inevitable end of US hegemony. Central banks are among the largest purchasers of gold. So far in 2019, they have bought 145.5 tons of…

Russia and China Are Containing the US to Reshape the World Order

Russia and China Are Containing the US to Reshape the World Order

Fortunately the world today is very different from that of 2003, Washington’s decrees are less effective in determining the world order. But in spite of this new, more balanced division of power amongst several powers, Washington appears ever more aggressive towards allies and enemies alike, regardless of which US president is in office. China and…