Trump's Brilliant Strategy to Dismember U.S. Dollar Hegemony

Hudson, Michael
http://www.counterpunch.org/2019/02/01/trumps-brilliant-strategy-to-dismember-u-s-dollar-hegemony/

Publisher:  CounterPunch
Date Written:  01/02/2019
Year Published:  2019  
Resource Type:  Article
Cx Number:  CX23383

The US's ability to use finance as international leverage is weakening as American nationalism becomes more blatant and alienates allies.

Abstract: 
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Excerpt:

The Neocons who Trump has appointed are accomplishing what seemed unthinkable not long ago: Driving China and Russia together – the great nightmare of Henry Kissinger and Zbigniew Brzezinski. They also are driving Germany and other European countries into the Eurasian orbit, the “Heartland” nightmare of Halford Mackinder a century ago.

The root cause is clear: After the crescendo of pretenses and deceptions over Iraq, Libya and Syria, along with our absolution of the lawless regime of Saudi Arabia, foreign political leaders are coming to recognize what world-wide public opinion polls reported even before the Iraq/Iran-Contra boys turned their attention to the world’s largest oil reserves in Venezuela: The United States is now the greatest threat to peace on the planet....

A point had to come where this policy collided with the self-interest of other nations, finally breaking through the public relations rhetoric of empire. Other countries are proceeding to de-dollarize and replace what U.S. diplomacy calls “internationalism” (meaning U.S. nationalism imposed on the rest of the world) with their own national self-interest.

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