The U.S. is the empire of debt and made-up money, and the empire is crumbling. If it wants to rebuild the empire, the U.S. government and central bank will have to do it with something more substantial than another fiat currency. From Alastair Crooke at strategic-culture.org:
A failure in Ukraine could well mean the disintegration of EU and NATO, Alastair Crooke writes.
Sometimes revolutionary change creeps up upon us by stealth; we only come to appreciate the major bifurcation when we come to notice it, in the rear-view mirror. This is especially so when the those who first pulled the trigger do not fully appreciate – themselves – what they have done.
What has been done? In a moment of visceral prejudice, a few ‘Team Biden’ staffers decided to leverage their plan to collapse the value of the rouble. So they hit upon the ruse of seizing the dollar, euro and Treasury bond reserves of the Central Bank of Russia.
So sure were they of their plan that this would completely stymie Russia’s efforts to save a sinking rouble, they did not even bother to consult the Federal Reserve or the ECB. The latter said so publicly and disagreed with the action taken.