Much of the angst being generated by Australia’s worst foreign policy decision since joining the American invasion of Vietnam may well be misplaced. It is unquestionable that the former prime minister and two former foreign ministers have been correct in their assessments of the decision by the Albanese Government to proceed with the AUKUS deal, as being nothing short of disastrous for Australian sovereignty and for our economy, but the question arises, will it ever happen?

The US is engaged in a global attempt to sustain its unquestioned dominance over the last 30 or more years since the collapse of the Soviet Union. What was that dominance based on? It was literally ordained ever since the Bretton-Woods Conference in 1944 decided that the world currency when World War II ended would be that of the only Western country left standing, the US.

That decision reshaped the international financial, economic and geopolitical architecture of the world. What it meant was that international trade, which began to flourish after the devastation of that war, would be exclusively undertaken using US dollars. It meant countries that needed to import needed to pay for those imports in US dollars. To do so they needed to........

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