The USA has shot itself in the head with its own wonder weapon. The most powerful weapon in the US arsenal is not F-16 jets, Himar missiles, or any of the other conventional war toys. Real US power resides in the US dollar.

By increasingly weaponizing the dollar and access to the dollar-denominated global trading system, America has taken to the greenback with a blowtorch that will trigger a reckoning for the ages. It is a classic case of imperial overreach.

This October in Kazan, Russia, a set of counter-measures will be launched by the BRICS countries that will fundamentally change the balance of global power – not overnight, but as surely as night follows day.

“The danger that everything will spin out of control keeps growing, as ever greater financial weapons are developed and deployed. But no one seems to know what to do about it.” – Underground Empire

The $USD is the Golden Goose or – to use another animal analogy – the cash cow of America. The Bretton Woods system established after WWII made the USA the world’s banker; with that came a commitment that the US would act as a neutral party when businesses and governments put money into the dollar. Economists like Richard Wolff, professor emeritus of economics at the University of Massachusetts Amherst, point out that since the end of WWII, at no cost and little risk of inflation, the US has printed or digitally created trillions of dollars and purchased the world’s products and services in return. That’s the privilege that comes with owning the world’s reserve currency. Having been paid in USD these same trading partners then invest much of those dollars back into US Treasuries and other dollar-denominated instruments. It is a unique advantage that should be........

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