Tom Luongo is an independent political and economic analyst based in North Florida, USA
At this point Trump is fighting a war with everyone not named Israel and Saudi Arabia. Even allies are not to be spared Trump’s wrath for all of their slights against his beloved United States.
As Trump sabotages global trade and unleashes chaos worldwide the dollar will rise, not fall, as a mad scramble for dollars to pay debts will accelerate.
The Trump revolution died when he capitulated on sending troops to Afghanistan. He didn’t have the strength to stand up to them then and he’s now their biggest used-empire salesman.
The incalculable damage that’s been done to the region for cynical geopolitical goals can never be undone but it can stop.
The axis of resistance, despite all the little moves, is winning the war of attrition. The US’s maximum pressure policy has a finite lifespan because leverage like all things economic has a time function attached to it.
First, Salvini goes into the European Parliament to disrupt proceedings and further undermine Angela Merkel’s powerbase. Second, he and Di Maio take that success back to Rome and use that to engage real EU reform of the financial system.
The United Kingdom may not survive Brexit in its current form. But many who are pushing for disunion, the Scots, may find themselves surprised when they themselves have to face their voters.
The real fear for Macron is not a violent demonstration that ends with protestors shot and killed. No, the real fear is the protests that are peaceful.
Crimea is now permanently Russia’s. And every bit of infrastructure Russia builds there ties the two further together and weakens any bonds Crimea had with Ukraine.
The wave of nationalist political fervor racing across the continent is a consequence of trying to form a political and fiscal union that far exceeds the original mandate sold to voters when they joined.