Friday, October 19, 2018

 this author will show how hurricane trump is accelerating the demise of the empire using the dollar is the tool;

As it’s been pointed out by a multitude of experts from both the US and other regions of the world, a barrage of attacks with the goal of eroding Washington’s hegemony at the energy trading market will be one of the main battlefields where the future of America’s economic dominance will be decided.
Against this backdrop it’s only logical that countries are seeking ways to turn their backs the dollar or in the very least diminish their dependence on the ever-looming US currency, notes the Neu Zürcher Zeitung. It argues that this trend was triggered by the outright protectionist practices by the Trump administration that were introduced at a time when Washington would start trade wars left and right.
According to the data presented by the CNBC, the United States is currently waging economic warfare against one tenth of the world’s countries with cumulative population of nearly 2 billion people and combined gross domestic product (GDP) of more than 15 trillion dollars.
Additionally, the media source would point out that in recent months it seems that America’s unwavering commitment to fight all of the world’s scourges has brought all those governments and the wealthy individuals who support them to a critical mass, joining forces to create a parallel financial system which would be out of America’s reach. Should they succeed, the impact on America’s global posture would be devastating.
It would only be logical if American policymakers were mindful of the fact that at least 25% of the world’s population are now committed to putting an end to the global dominance of the US dollar.
As the infamous green bills are gradually losing their status of the world’s reserve currency, regular Americans will inevitably feel additional financial strain being put on their households. To make the matters worse, the global depolarization effort is being led by Russia and China that have emerged as full-fledged international players in recent decades, and they seem to have little tolerance for being pushed around. Further still, even the fact that Euro was established as a currency by Brussels can be regarded as a part of the same effort. For sure, de-dollarization is a slow process, but at this point it seems to be irreversible as there’s no chance that an emerging multi-polar world is going put up with the US dollar primacy.
However, there’s no arguing that this process, no matter how natural it is, was accelerated considerably by the sitting American president. By pursuing policies loosely described as “America first”, Donald Trump has got the US drawn in a number of trade wars, along with re-introducing protectionist practices to the US foreign policy. However, the more the Trump administration tries to negotiate favorable terms for American elites under the gun, the more countries are getting alienated by Washington.

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