How are you supposing that it looks like the US may crumble? I don’t understand where these kinds of comments come from, aside from perhaps verbalizing something one might want to see instead of what is factually true.
How are you supposing that it looks like the US may crumble? I don’t understand where these kinds of comments come from, aside from perhaps verbalizing something one might want to see instead of what is factually true.
The US is the most oil-dependent country (although all western countries are quite dependent on it) and it cut off its own supply of oil.
The US has canceled all military guarantees and aligned with two different fascist states, so military cooperation is unwinding.
It's been unable to manufacture anything effectively for a while now as all the money gets siphoned off corruptly (identical to Russia in the Ukraine war), not even the weapons used in Israel.
What else is there to being an empire? Its nuclear aircraft carriers - with no aircraft since they run on oil?
That's not what a decoupling looks like. Investors are probably just not buying because they know rates are going to go up. The Federal Reserve already strongly signaled another rate hike by end of year. Why would you buy something today that you can wait and buy for a better price later?
Second, if you want to make an argument about interest rates or the debt, you first have to make that argument and resolve it for the UK, Italy, France, and others.
Third, the USD is just the dominant reserve currency. It's not the only one. A reserve currency is just one that banks hold in reserve. The reason the US is involved in the Middle East is to protect the Petro-dollar which generally "requires" oil purchases to be settled in dollars. The trade off is we keep Iran in check from destroying the gulf countries.
> The US is the most oil-dependent country (although all western countries are quite dependent on it) and it cut off its own supply of oil.
This doesn't make any sense. The US is also the largest oil and gas producing country in the world. Even for the Strait of Hormuz and Red Sea you can read for yourself that the US has been able to break through and Saudi Arabia has quickly repaired the east-west pipeline and 3.5+ million barrels are flowing through there now (IIRC 60% or so of pre-attack volume). Either way, most of those flows go to Europe and Asia, not the US. So while the US is oil dependent (all countries are) I don't think your assertion is entirely accurate.
> It's been unable to manufacture anything effectively for a while now as all the money gets siphoned off corruptly (identical to Russia in the Ukraine war), not even the weapons used in Israel.
That doesn't make any sense either. We manufacture all kinds of things, including incredibly advanced equipment. We make airplanes, we make semiconductors, pharmaceutical goods.
> What else is there to being an empire? Its nuclear aircraft carriers - with no aircraft since they run on oil?
If we don't have oil neither does anyone else. Except that we do have oil so our nuclear powered aircraft carriers would just use our own oil for the jets.
That limited government is looking shaky right now. It's mostly Trump, but it's not just Trump - Congress has been increasingly worthless over the last couple of decades, and so the President has to rule more and more by executive decree. But Trump is pushing the boundaries of what the Constitution allows the government to do far harder than any President that I remember, even Nixon.
And if we lose the limited government, then within a generation or two, we're going to lose the rest. It won't be immediate (unless you fall afoul of the government), but it will come.
Well it's part of it. The other part is China does not want the value of its currency to rise and as an export-oriented economy they have a desire to manipulate their currency to keep it lower to ensure exports are highly competitive. That's not an allegation or a conspiracy or anything, but a policy choice and a fact. Being the dominant reserve currency as the USD is (remember it's not the only reserve currency) has a lot of benefits but some drawbacks too.
I don't think that American limited government is looking shaky right now. I agree Congress is becoming increasingly worthless but it's something that can be fixed if we want to. I also would suggest not being confused about Trump does big headline thing as a representation that America's government is shaky or something. He has pushed boundaries, but some of those boundaries are quite literally up for interpretation and while he may push those boundaries he also doesn't go around and advertise all the court or legislative set backs that have occurred.
The Iran war is actually a decent example - he does not have an authorization to use force beyond the limit authorized by Congress. While we're conducting limited retaliatory strikes (Congress wouldn't disagree with doing so except maybe the pro-ayatollah/anti-liberal faction (Congresswoman Ilhan Omar for example) and engaging in a naval blockade, Trump has had to follow the rule of law here and step back more grand ambitions and plans. Now of course he may do something and we'll have to see how the system responds, but everyday law and order and such is proceeding as it has for quite some time. To be frank, it's actually a little bit worse but that's not really due to Trump so much as it is to policing failures and anti-social behavior we're tolerating when we shouldn't.