Tag: de-dollarization

The Bill for Command: Hormuz, Treasury Yields, and the Rising Cost of American Power

NBC presents falling stocks, rising Treasury yields and volatile oil as separate market reactions to war. Put the pieces back together and a deeper political economy appears. The struggle over Hormuz is raising the cost of energy and global circulation while Washington is already refinancing enormous debts under sharply higher real yields. Those pressures don’t fall evenly: workers, indebted households and vulnerable importing countries absorb higher costs while energy producers and concentrated technology capital occupy very different positions. What looks like market turbulence is really a struggle over the rising material and financial cost of American command—and who gets forced to pay the bill.

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The Debtor Became the Banker: How America Learned to Rule the World by Owing It Money

Michael Hudson's "Super Imperialism" reveals capitalism's peculiar twist: the U.S. transitioned from a great creditor to a dominant debtor, utilizing its debts as leverage in a world where power dynamics are shifting. Post-World War I, American financial institutions crafted a system that exploited other nations through debt, claiming to promote development while actually enforcing dependency. The contradiction lies in the U.S. controlling the world's currency even as its productive supremacy fades. As the global landscape evolves, the implications of dollar dominance become increasingly tenuous, demanding us to confront a crucial question—who ultimately commands the productive forces that money can influence but not generate?

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The Golden Age Needs a Gunboat: Trump’s UN Speech and the Rising Cost of American Command

Trump's United Nations address declares America’s resurgence, yet it reveals an empire grappling with an escalating need for military force and economic coercion to maintain supremacy. His speech elevates military spending, sanctions, and immigration enforcement as signs of strength while ignoring the underlying contradictions—an empire that once commanded effortlessly now relies heavily on intimidation. The reality is that the U.S. must work harder to enforce its will both abroad and domestically as competition grows and global power dynamics shift. Instead of showcasing dominance, Trump's rhetoric underscores a declining ability to produce consent, exposing the fragility of American imperialism. The mask of effortless domination is slipping.

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The Empire Still Holds the Gates: Multipolarity Builds Roads Around Them

Multipolarity isn't a new empire but a complex web of power dynamics where countries strive for developmental autonomy without severing ties to imperial centers. Though emerging institutions like BRICS and SCO offer alternatives, they reveal a deeper truth: political independence doesn't guarantee economic sovereignty. The geopolitical landscape is increasingly messy; states are interconnected yet vulnerable. For every summits attended and partnerships forged, underlying dependencies remain unchallenged. The real question isn’t where countries sit on a world map; it’s who controls resources and technology within their borders. True liberation from exploitation lies not in diplomatic participation but in addressing internal inequalities and class power.

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Primacy Produced the Resistance: How the Atlantic Order Turned Russian Sovereignty Into a Threat

The Economist’s recent piece on Putin frames him as a cornered gangster, obscuring the complex geopolitical history that shapes the current conflict in Ukraine. It reduces a crisis rooted in thirty-five years of U.S.-led strategy, NATO expansion, and Russia's own capitalist evolution to Putin’s psychological profile. This overlooks how pre-existing economic and military pressures prepared the battlefield for escalation. By ignoring this context, the narrative becomes dangerously simplistic, presenting Russia's actions as mere reactions to outside threats, not as part of a larger historical clash of powers. The truth? This war is as much about systemic tensions as individual leaders.

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Bessent’s Dollar War: Iran, Imperial Recalibration, and the Rising Cost of American Command

Scott Bessent’s Operation Economic Outcast exposes the machinery beneath U.S. financial power. Washington is not merely sanctioning Iran; it is pressuring governments, banks, ports, airlines, and corporations across the world to enforce American policy or risk exclusion from the dollar system. The campaign reveals a deeper process of Imperialist Recalibration: as U.S. command becomes harder to reproduce, inherited financial and military advantages are wielded more openly and coercively. Yet every act of compulsion also strengthens the incentive for sovereign alternatives. The struggle is over who controls the infrastructure of global economic life—and who gets to say no.

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