All indicators point to USA self destruct

 What could not destroy the USA from the outside, militarily or economically, the USA will self destruct sooner or later. All empires have to fall, with no exception.

The political polarisation in the USA is tearing the country apart and never looks uglier. The debt ceiling issue is not going away, and is in fact getting more serious, with 'kicking the can further down the road' not a solution. The homeless issue is not going to be solved as well, as more money is needed now for Israel. The drug problem is getting out of hand and the USA needs a bogeyman to take the blame, with China already singled out for demonisation. Infrastructure renewal costing US$ trillions is out of the question, having been explored with the funding problem unsolved. So, just live with the crumbling infrastructures is what USA citizens are told, just like the USA Government itself being told to continue using the International Space Station until it falls apart. What can the USA do?

Added to that is the de-dollarisation 'Sword of Damocles' hanging over the USA's head. The rate hikes have sucked US$ back into the USA's financial system, resulting in other countries' currencies suffering loss of value, having to buy higher valued US$. Some countries have tried to raise interest rates to compensate, but are not succeeding. The Japanese Yen suffered the biggest fall this year or two, with the Euro and British Pound not spared. Expect the Japs to unload more of its US Treasury holdings, knowing Japan is trying desperately to prop up the Yen.

The creation of a new global currency supported by gold and commodities is the fairest move for the whole world. No country must be given the right to have its currency be used as a global reserve currency, thus giving it the unilateral right to abuse it as well. This must end, albeit with lots of pain initially, but equally lots of gain for the world at large going forward. BRICS must solve this problem once and for all.

Let the world decide. Either to live with the US$ hegemony and continue suffering for it, or take the painful step of migrating to a new global reserve currency that no country can use for sanctioning others and getting more abusive. Remember, the use of sanctions can happen to any country and no one is safe, allies and cronies included. Alliance can change and being safe is not a guarantee. Sanctions could be targeted at anyone, and the world cannot just sit back, wait and ask 'Who is next?'

Anonymous