American exceptionalism supposedly stems from our “treasury of virtue.” Funny how the rest of the world doesn’t see it that way. From Thomas DiLorenzo at lewrockwell.com:
The impending decline of the dollar is apparently imposing a real Halloween scare on the American foreign policy establishment. An August 22, 2023 article on the Council on Foreign Relations Web site entitled “The Future of Dollar Hegemony” explained that:
“The dollar’s global hegemony gives the U.S. government power to impose crippling sanctions and wage other forms of financial welfare against adversaries . . . . In 2022, more than twelve thousand entities were under sanction by the Treasury Department, a more than twelve-fold increase since the turn of the century. U.S. sanctions . . . do ensure that targeted adversaries pay a significant price for continuing to engage in actions the United States opposes” (emphasis added).
This reminds yours truly of a very memorable bumper sticker that had an American flag in one corner and read: “Do As We Say Or We Will Bring Democracy to Your Country!” The bumper sticker is memorable because it speaks truth to power in a very sarcastic manner. It also highlights how “sanctions” are an act of war that has long assisted the U.S. government in acting as the bully of the world. Dollar dominance is the cornerstone of such bullying since so many dollars are held in so many other countries as their reserve currency. This allows a massive amount of foreign policy blackmailing to occur.
