Tag Archives: US global hegemony

Cross-posted from The Saker:  Introduction: After posting Michael Hudson’s article “America Escalates its “Democratic” Oil War in the Near East” on the blog, I decided to ask Michael to reply to a few follow-up questions. Michael very kindly agreed. Please see our exchange below.... Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismPersian PowerplayMichael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial...

The assassination was intended to escalate America’s presence in Iraq to keep control the region’s oil reserves, and to back Saudi Arabia’s Wahabi troops (Isis, Al Quaeda in Iraq, Al Nusra and other divisions of what are actually America’s foreign legion) to support U.S. control o Near Eastern oil as a buttress o the U.S. dollar. That remains the key to understanding this policy, and why it is in the process of escalating, not dying down.  I sat in on discussions of this policy as it was...

Get ready for it! If you thought that the demonization of Russia and incessant Russophobia over the past years from the West, with hardly a highly likely shred of evidence, was unconscionable and the absolute pinnacle of all demonization campaigns ever, get ready for the demonization of China. In true Hollywood Blockbuster style, the China Fearcampaign promises to be bigger and better theater than the complete demonization of Russia. The campaign is focused, has a highly skilled leader, is...

Everything that happens geopolitically and geoeconomically in our turbulent times has to do with the US’ do-or-die imperial struggle against the Russia-China strategic partnership. Only total “victory,” by any means necessary, would assure the continuation of what could be defined as the New American Century. And that brings us to the necessity of reconstructing Clausewitz’s axiom, according to which, originally, war is a continuation of politics by other means. Clausewitz argued that war...

History suggests that a global superpower in relative decline should aim for a soft landing, so that it still has a comfortable place in the world once its dominance fades. By contrast, US President Donald Trump's incoherent, confrontational approach toward China could seriously damage America’s long-term interests.... In my view, there are two major or core factors not usually mentioned that need to be considered along with the many others, central and peripheral. The first is that the...

Control of oil has long been a key aim of U.S. foreign policy. The Paris climate agreements and any other Green programs to reduce the pace of global warming are viewed as threatening the aim of dominating world energy markets by keeping economies dependent on oil under U.S. control. Also blocking U.S. willingness to help stem global warming is the oil industry’s economic and hence political power. Its product is not only energy but also global warming, along with plastic pollution.......

Anyone see a pattern here? Any wonder why there is a push for multilateralism to counter unipolarism (read world dominance).News in AsiaLaughable: US Claims ‘Free and Open Seas,’ Tries to Push China Out of Indian, Pacific Trade Pepe Escobar SouthFrontMike Pompeo Says Foreign Actors Must Leave Venezuela, So That US Can Rebuild It

The Trump administration’s incessant sanctions wars are curbing the dollar’s global hegemony and speeding the demise of U.S. empire. Consortium NewsPATRICK LAWRENCE: Weaponizing the Dollar

Bonnie Faulkner of Guns and Butter interviews Michael Hudson. Transcript.Naked CapitalismMichael Hudson Discusses the IMF and World Bank: Partners In Backwardness Yves Smith

With sanctions re-imposed on Iran’s oil exports last year and recently applied in part to its petrochemicals exports as well, the U.S. is now looking to roll out the next phase of its sanctions plan against the Islamic Republic. This is to gradually employ increasingly tight sanctions on Iran’s gas sector, whilst ensuring that Europe’s mechanism for enabling ongoing business with Iran does not succeed. These policies taken together are aimed at limiting Iran’s energy export revenues to no...