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Naked Capitalism
The end of America's unchallenged global economic dominance has arrived sooner than expected, thanks to the very same Neocons who gave the world the Iraq, Syria and the dirty wars in Latin America. Just as the Vietnam War drove the United States off gold by 1971, its sponsorship and funding of violent regime change wars against Venezuela and Syria - and threatening other countries with sanctions if they do not join this crusade - is now driving European and other nations to create their alternative financial institutions.

This break has been building for quite some time, and was bound to occur. But who would have thought that Donald Trump would become the catalytic agent? No left-wing party, no socialist, anarchist or foreign nationalist leader anywhere in the world could have achieved what he is doing to break up the American Empire. The Deep State is reacting with shock at how this right-wing real estate grifter has been able to drive other countries to defend themselves by dismantling the U.S.-centered world order. To rub it in, he is using Bush and Reagan-era Neocon arsonists, John Bolton and now Elliott Abrams, to fan the flames in Venezuela. It is almost like a black political comedy. The world of international diplomacy is being turned inside-out. A world where there is no longer even a pretense that we might adhere to international norms, let alone laws or treaties.

by gk (gk (gk quattro due due sette @gmail.com)) on Fri Feb 1st, 2019 at 11:41:50 AM EST
Wishful thinking in his dotage. I think the first time I read about US overreach causing a multi polar world was in the very early 2000s with the Echelon scandal. Which was also about the time I started reading the news at all. And yet what has really happened since then? The EU response can best be described by the dril tweet about licking your enemies' boots until they cry for mercy. The only exception is a refusal to stop gas imports, but that is so far from feasible that the demand itself is more transitional. And it has lead to the Europeans throwing money at useless LNG terminals. In the current Venezuelan coup the EU is again on board without dissension and we have yet to learn whether the EU's resistance on Iran has any real world consequences.
by generic on Sat Feb 2nd, 2019 at 09:23:46 AM EST
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