We have already entered WWIII. The kinetic hot war in Ukraine is the obvious flash point. But, war is not only fought on the battlefield. Its economic, its societal, its social media, its terror acts on gas pipelines. The war on truth.
Expect to see more of this.
The unipolar world the US has dominated for the past decades is rapidly devolving into a multipolar world. US hegemony is cracking. The greatest threat to US hegemony is the collapse of the US$ as the de facto global currency. This is occurring.
US$ hegemony was enabled and supported when the petrodollar was established in in 1979, when the United States and Saudi Arabia negotiated the United States-Saudi Arabian Joint Commission on Economic Cooperation. They agreed to use U.S. dollars for oil contracts. In fact, ALL global oil contracts were settled in US$, which meant that ALL oil consuming countries had to have a large reserve of US$, which meant huge demand for US$, which meant huge global demand for US treasury bills (ie the US debt instrument). This allowed the US to export inflation to the rest of the world, as it was able to run up debt (now $32 Trillion) with little real penalty other countries would incur, in the form of depreciating currency.
The seismic crack has been occurring as countries (e.g. Russia, India, China, others) are now designating energy contracts in non-US$. The implication is that there will be less demand for US$, which means the demand for US treasury bills will fall, forcing the US to increase the interest rate to stoke demand. But rising interest rates have a HUGE impact on current and outstanding debt (e.g. try rolling over $32 Trillion in debt with 1% increase in interest). The spiral is already beginning to spin out of control. The Fed can’t have both low inflation and low interest rates.
Real pain to the US will occur if countries, like China, with vast US$ reserves (held as T-bills) sell them. This will cause the collapse of the US$ and massive, hyperinflation ala the Weimar Republic.
¡Ay, caramba!
The US is in an existential battle to maintain its global hegemony. Its psychopathic overlords refuse to lose Ukraine to Russia. It is willing to fight to the last Ukrainian. That won’t take long, given that the average frontline Ukrainian soldier’s life expectancy is a mere 4 hours.
The US has provided Ukraine with $32 Billion in military aid, and $113 in total aid. A black hole with no end in sight.
Then what?
With Ukraine, China is aligned with Russia. The US is, predictably, furious, and is threatening China with sanctions. After all, only the US is allowed to dump weapons and support into the war. And the rest of the world, primarily the southern hemisphere countries, are defying the US. China’s 12-point peace predictably plan fell on deaf and bellicose ears in the the US and NATO countries, but the rest of the world would like to see an end.
The truth behind the war in Ukraine. How the war actually started. The overthrow of the legitimate Ukrainian government in 2014 by the US was the inflection point. John Mearsheimer: UKRAINE WAR WILL END IN HORROR.
NBC told Americans the truth about Crimea for the first time and its reporter wound up on the Ukrainian government’s kill list alongside several other US citizens, journos, clergy and even children.
Its over for Ukraine. When MSM gives up on The Narrative in favor of reality, you know its over.
Psychopaths rule the world.