Tag: Treasury bonds
Covid-19 may be the trigger, but it is the U.S. dollar that is the root problem, Alastair Crooke writes.
The question is, how to get the world’s politicians – U.S., European and Asians – to see how America’s all-or-nothing policy is threatening new waves of war, refugees, disruption of the oil trade in the Strait of Hormuz, and ultimately global warming and neoliberal dollarization imposed on all countries.
US Treasury Secretary Steve Mnuchin seems to think that nations under the hammer of American sanctions should be thanking Washington for not attacking them militarily instead. How generous, how virtuous of Uncle Sam!
The US dollar is backed by blood — victims’ blood, the target-nations’ blood — and the dollar wouldn’t be the world’s reserve currency if it weren’t backed up ultimately by America’s military, “the policeman to the world.”