The American Empire self-destructs. But nobody thought that it would happen this fast
> March 07, 2022
by Michael Hudson
Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion.
The basic assumption of economic and diplomatic forecasting is that every country will act in its own self-interest. Such reasoning is of no help in today’s world. Observers across the political spectrum are using phrases like “shooting themselves in their own foot” to describe U.S. diplomatic confrontation with Russia and allies alike. But nobody thought that The American Empire would self-destruct this fast.
For more than a generation the most prominent U.S. diplomats have warned about what they thought would represent the ultimate external threat: an alliance of Russia and China dominating Eurasia. America’s economic sanctions and military confrontation have driven these two countries together, and are driving other countries into their emerging Eurasian orbit.
rest at link
https://thesaker.is/america-shoots-its-own-dollar-empire-in-economic-attack-on-russia/
I agree that “canceling” Russia from the Western monetary system was stupid. Even the individual citizens in Western countries need to take notes. It might happen to people the government doesn’t like here. As for Russia, oil, gas, and rare earths are more valuable than iPhones and Levi’s and Russia has plenty of it the the world still needs it, with or without USD.