Bitcoin Blowback: A History Of Dollar Hegemony, Economic Warfare And A Bright...
This essay addresses a history of dollar domination fabricated by the war machine that is the United States.AbstractThe United States dollar dominates world commerce. In 2019, it made up 88% of global trade, and no other currencies came close. This dominance gave the United States power over any other country that exports anything from anywhere. For example, due to the mechanics of the petrodollar, oil is settled in dollars regardless of where it comes from. Consequently, not only does this frustrate U.S. rivals by making them vulnerable to trade sanctions, but ultimately causes them to....
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Chinese experts have called on leaders of BRICS (Brazil, Russia, India, China and South Africa) countries to consider countering the dollar, whose global hegemony is thought to be abusive. Still, the experts concede that any attempt to diminish the dollar’s dominance will take time.
BRICS Countries’ Dependence on the US-Dominated Global Financial System
Chinese experts have urged BRICS countries, namely Brazil, Russia, India, China and South Africa, to counter the dollar’s global dominance which is now being abused by the United States government, a report....
Cyber warfare has, to most people, always been a thing of movies and science-fiction books. But it looks like a harsh reality check is coming to people in the US, as Defense Secretary Ash Carter wants to elevate the status of US Cyber Command into a fully-capable weapon in the cyber warfare race. The Era of An offensive US Cyber Command. There is no denying the world of cyber warfare is changing from a defensive to a more aggressive approach. Until a few years ago, US Cyber Command was mostly designed to thwart incoming attacks from state-sponsored hackers, but things are looking very....
The expansionary behavior of the United States hasn’t stopped with other countries adopting bitcoin. The U.S. will do whatever it takes to protect the dollar.
The dollar wrecking ball is hurting emerging markets and competing currencies alike. Will the U.S. be the last country to print the global reserve currency?
Bitcoin represents a threat to the United States dollar and its global hegemony backed by endless war.