Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 21, 2023 erstellt
Beschreibung:
The global economy changed dramatically ever since the US dollar ascended to the top position in the early 1940s as the world’s main reserve currency. As observed from recent events, the United States is both willing and very capable of taking unimaginable measures to defend American imperialism (primacy) and the dollar monetary hegemony at all costs. Today, there are too many problems in the world, i.e. hunger, war games, poverty, injustice, forced migration (displacement of people), economic and financial hardship, global warming and resultant climate changes; and directly or indirectly, the dollar hegemony and what the United States does to maintain it (i.e. weaponization of the dollar and the abuse of sanction power as a foreign and security policy) has contributed to the abovementioned problems, sometimes as an originator (initiator) and other times as a supporter or intensifier. The proxy wars during the Cold War to curb the Soviet influence, the US military interventions since the 1960s, the Fed-induced systemic crises in the new millennium (dollar glut through quantitative easing or contraction through tight-money policies), COVID-19 health crisis (the novel coronavirus), and repeated U.S. sanctions on Venezuela, Iran, Cuba, China, Russia, North Korea, Syria, Turkey, and others have had the implicit goal of serving the interest of the hegemon (i.e. American imperialism and the dollar’s hegemony). In the pre-democracy world, to show their loyalty people living in monarchies chanted "long live the king!" as they saluted the monarch (the existing or the new). Now the U.S. government (and the Fed) is chanting “long live the dollar!”, but the voices of its biggest supporters (like-minded allies) are more tranquil now than traditionally observed