Earlier quoted context omitted.
because it's not the case at all. de-dollarization is picking up rapidly across most neutral/anti-US countries and this is the start of it. China is trading with Russia in yuan and even India has allowed small players to bypass USD and trade in INR directly https://www.reuters.com/world/india/india-allows-internation... Something I have been shouting hoarse is that this war in Ukraine is going to have multi-generatio…
It’s so interesting to me that people see the dollar at a long term high, a proxy war in which the US is kicking ass (we don’t even need to send troops, our old equipment is enough) and their takeaway is that the US is in decline.
9/11 is the inflection point (and subsequent matter is my opinion) and regrettably for us Americans, the store was in the hands of neocons, who stupidly (they wrote in late 90s a document announcing to the rest of the world that ~'US will never permit anyone reaching parity to challenge', shit like that) misused our global position, and give motivation for various powers, including w/o a doubt ~Western allies, to review Swift's Gulliver's Travels ..
We pissed away blood, treasure, and reputation during the regime of the neocons (which spans D and R presidents, btw).
Do you think the laughably comical criticism of "world order" by the "mutlipolarity" gang, the likes of RF or CPC and junior friends, would be taken seriously by other world leaders/nations if US had not acted like a bully these past 2 decades?
We absolutely must re-examine our stewardship performance vis-à-vis the tacit acceptance of other major powers for this arrangement under sane leadership of US of A.
Second, Putin's adventure would not have happened in an environment of robust US prestige and power, but you appear to forget just how oddly our nation has been acting (at least as viewed from an external lens) in terms of our domestic politics. We've lost prestige on that end as well. What made this little man so confident? Why is he still hanging on? It should have been well over by now.
Finally, RF appears to have forced US to use mechanisms -- confiscation of sovereign reserves, etc. -- that I assure you must have scared the living light from all spectators with treasure trusted to the "international order". They are all saying 'but by the grace of god of mamon there go I'!
So we need to get our act together as a nation, if we intend to continue to insist that we are the responsible steward of the Global order.