Is the US/NATO muscle muscle going to be sidelined by a multipolar world? Will debtor nations refuse to pay up in the current climate of inflation and privation?/ Dr. John’s blog

 https://drjohnsblog.substack.com/p/imperial-summer-vacation?s=r

Another goodie from Dr. John Day:

Eric Zuesse has this analysis:  THE AMERICAN EMPIRE IS BEING DEFEATED; ASIA WILL LEAD THE FUTURE.

I
agree with the first part, but the second part remains to be seen.
Maybe “Asia” is not such an entity. Maybe the future really will be
distributed and “multipolar”.

 Zuesse points out the assassination
attempt against Turkey’s President Erdogan in 2016, carried out by
US-aligned Turkish military officers. Russia saved him at the last
minute. The NATO-member veto on new members being approved prevents
further NATO expansion while Erdogan lives and cooperates with Russia.
It largely incapacitates NATO, since Turkey is in a critical position,
controlling black Sea and Mediterranean access, and pipeline transit
routes to Europe.

  Zuesse does not bring up that Turkey stands to
have a much elevated position in a new Eurasian world-economic-order,
firstly since it will be able to repudiate it’s vast $US denominated
debts, but also because Turkey is likely to be less frequently insulted,
and given better consideration than the US does. In a new regime,
Erdogan clearly sees growth potential for Turkish power and influence.

 
In the near term, a hobbled NATO will not act as global enforcer. In
the longer term, the $US slipping in global reserve-currency utility
will cut funding for the global American military project. This summer,
with the shortages of food and oil, and the $US being more expensive for
debtor countries, Western finance seemingly plans to extract the wealth
producing assets from more countries, and enforce austerity on their
starving citizens, replaying the Asian Economic Crisis, though this is
an ancient financial grab. Banks make loans for interest, but they
really want to take the collateral/property…”

For the rest, go to   https://drjohnsblog.substack.com/p/imperial-summer-vacation?s=r

 

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PaPa
PaPa
24 days ago

Recommend Michael Hudson – “Super Imperialism” The Economic Strategy of American Empire

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