Without the reserve currency, U.S. power will be greatly diminished and the government will have to come to terms with a multipolar world. From Alastair Crooke at strategic-culture.org:
The U.S. government is hostage to its financial hegemony in a way that is rarely fully understood.
It is the miscalculation of this era – one that may begin the collapse of dollar primacy, and therefore, global compliance with U.S. political demands, too. But its most grievous content is that it corners the U.S. into promoting dangerous Ukrainian escalation against Russia directly (i.e. Crimea).
Washington dares not – indeed cannot – yield on dollar primacy, the ultimate signifier for ‘American decline’. And so the U.S. government is hostage to its financial hegemony in a way that is rarely fully understood.
The Biden Team cannot withdraw its fantastical narrative of Russia’s imminent humiliation; they have bet the House on it. Yet it has become an existential issue for the U.S. precisely because of this egregious initial miscalculation that has been subsequently levered-up into a preposterous narrative of a floundering, at any moment ‘collapsing’ Russia.
What then is this ‘Great Surprise’ – the almost completely unforeseen event of recent geo-politics that has so shaken U.S. expectations, and which takes the world to the precipice?
It is, in a word, Resilience. The Resilience displayed by the Russian economy after the West had committed the entire weight of its financial resources to crushing Russia. The West bore down on Russia in every conceivable way – via financial, cultural and psychological war – and with real military war as the follow-through.
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Russia built up for war while the west went woke.
It is all by design to bring down the former USA.
Internal quislings and generations of indoctrinated dupes were done for a reason.
The WWII victory hangover is coming to close and Russia did all the heavy lifting in that war with 27 million killed.
They don’t fear any puffy chest by the chuffy pest Hegemony Cricket.
if you are opposed to u. s. empire, bear in mind the two changes that mark the end of empires: 1) bankruptcy and 2) insanity. when you apply these characteristics to empire u. s. a., you will note we are near the end of what has been.
the alternate system proposed would serve to speed up the demise.