Marco Rubio Accidentally Makes A Great Argument Against United States Dollar Hegemony by Ms Caitlin Johnstone!
(2023-04-03 at 16:08:12 )

Marco Rubio Accidentally Makes A Great Argument Against United States Dollar Hegemony by Ms Caitlin Johnstone!

Listen to a reading of this article (reading by Tim Foley):

Some empire managers are so brash about wanting to rule the world that they will occasionally voice their position so directly it sounds like an anti-imperialist said it.

We saw just such an instance last Wednesday during a conversation between empire propagandist Sean Hannity and warmongering senator Marco Rubio on Fox News. So frenzied was Mr. Rubio in his vitriol about the rise of China on the world stage that he accidentally wound up providing a very good argument against the hegemony of the United States dollar.

Mr. Rubio began with a rant about how the United States is in a "conflict" with China in response to a question from Mr. Hannity about whether Xi Jinping is preparing for war with the United States of America.

"The bottom line is we are in a conflict, and I think we have to start talking about it that way," Mr. Rubio said. "I was very young, obviously, at the end of the Cold War, but it has been about 30 years since there was another superpower on the earth that was in conflict with the United States. We are back in that place. We need to stop pretending like that is not the case now."

Mr. Hannity repeated the soundbyte he has been pushing for the last few weeks saying that China, Russia and Iran are a "new Axis of Evil," then Mr. Rubio made a very revealing comment about a recent deal that was struck between China and Brazil.

"Just today, Brazil, the largest country in the Western Hemisphere, cut a trade deal with China," said Rubio. "They are going to, from now on, do trade in their own currencies, get right around the dollar. They are creating a secondary economy in the world totally independent of the United States. We will not have to talk about sanctions in five years, because there will be so many countries transacting in currencies other than the dollar that we will not have the ability to sanction them."

Mr. Rubio is not the first United States imperialist we have seen expressing concern about the United States dollar losing its position as the dominant currency of the world, not just with regard to China and Brazil but between China and Russia, between China and Saudi Arabia, between China and India, and between India and Russia.

"The dollar is the United States of Americas superpower," Fareed Zakaria writes for The Washington Post. "It gives Washington,D.C. unrivaled economic and political muscle.

The United States can slap sanctions on countries unilaterally, freezing them out of large parts of the world economy. And when Washington,D.C. spends freely, it can be certain that its debt, usually in the form of T-bills, will be bought up by the rest of the world."

"Now an increasing number of nations are eager to find alternative financial systems to insulate themselves from Washington,D.C.s willingness to use sanctions as political leverage," writes Jamie Seidel for the Murdoch-owned News.com.au, quoting an Australian Strategic Policy Institute think tanker as saying, "Chinese authorities were shocked by the seizure of the Russian central banks foreign exchange reserves following the invasion of Ukraine. In the event of a Sino-American conflict, Chinese assets would similarly be vulnerable."

The other day Pentagon insider and DC swamp monster Elbridge Colby spotlighted a concern on Twitter that the United States might not be able to finance a war with China if the United States dollar loses its status as the worlds reserve currency.-Elbridge Colby (ElbridgeColby) March 27, 2023

The United States has engaged in a tremendous amount of manipulation to secure the dollars position as the global reserve currency and all the power that comes with it, and has used it to fund a war machine of unprecedented might and to inflict starvation sanctions on disobedient nations around the world.

It is a weapon, and United States imperialists are bemoaning the looming loss of that weapon because they want to use it on many more people for the advancement of the interests of the empire.

Economic sanctions are somehow the only form of warfare where it is considered acceptable to deliberately target civilian populations with deadly force, and the United States empire makes liberal use of them.

Starvation sanctions always hurt the weakest and most vulnerable members of a population by depriving them of access to medicine and adequate nutrition, and future generations (if there are future generations) will judge harshly those who used them.

It seems unlikely to me that the emergence of a multipolar world will in and of itself produce any kind of wonderful utopia, and as Professor Richard Wolff explains the dollars decline could potentially give rise to a lot of economic chaos and suffering.

But at the very least the fall of United States dollar hegemony would deprive one group of psychopaths a powerful weapon they should never have had, and could even end up impeding the empires ability to ramp up for a global conflict between major powers - a conflict which must never occur!

In any case humanity cannot continue along the trajectory it has been on, and any divergence from that trajectory opens up the possibility of real healthy change. Here is hoping Marco Rubio is given a lot more to be upset about in the coming years!!

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Ah, the Buddha Ms Caitlin speaks the truth!!! - Cousin Lucky