John Scrivener, Main Arm
The coterie of crooks currently occupying the White House appears intent on demolishing the international system established by its predecessors in the wake of WWII. With hardcore neocon warmongers like John Bolton on board, the Trump administration is an extreme strain of American exceptionalism, exemplified by the US withdrawal from numerous international agreements, including the Iran nuclear deal, the Paris accord on climate change and the INF treaty. Under Trump, the US has withdrawn from UN bodies like the UNESCO and the UNHRC and issued threats against the ICC and the World Court.
The fervour with which the US hegemon now attempts to dominate the rest of the world appears inversely proportional to the success of stated objectives. The harder they try the more they fail. They’ve failed to install client regimes in Iraq and Libya, they’ve failed to defeat the Taliban in Afghanistan, they’ve failed to weaken Iran or overthrow Assad in Syria. And now they’re failing to oust Maduro from Venezuela.
By weaponising the dollar and imposing tariffs and sanctions on friend and foe alike, the Trump administration is killing the goose that laid golden eggs for the US economy. This myopic and pigheaded approach to foreign policy is undermining the role of the US dollar in world trade and creating a demand for an alternative international payment system, independent of the US dollar. The consequences will be beneficial for the rest of the world but devastating for the United States.