Few truly understand the True Consequences of the US Dominance.
It is a Military, Economic, Cultural, Intelligence Dominance through a combination of hard and soft methods that:
- attract though the highest compensation packages the Best Talent in Academia, R&D, Management;
- through Weaponized Strategic Corruption buy all the emerging Leaders of Foreign Countries;
- through Weaponized Strategic Media form the culture and mindset (Hearts & Minds) of Foreign Cultures and Societies;
- through Global Financial Institutions "Strongly Encourage" (or "Discourage") the Economic Life of other Countries;
- through "Intelligence Cooperation" select and groom the emerging Individual and influencers of Foreign Nations (then "head-hunted" by the Weaponized Strategic Corruption).
Only after all of the above fails, do they use the Military Power Pressures.
Goodbye to the weaponized dollar would be a fantastic thing and I am amazed that the US is shooting itself in the foot as they continue on this path. As always Glenn and Jeffrey provides crisp analyzis of the issue.
A responsible US government would accept that it is drowning in unsustainable debt and deficits, has lost its proxy war on Russia, has lost its economic war with China, is overseeing the collapse of its currency, acknowledge that the game is up, and then act accordingly
That means telling the truth to the US electorate, living within its means, reaching terms with its creditors, and trying to reach a trade and security arrangement with China, Russia and BRICS while it can (if it can)
Obviously, no incoming government would get a mandate to do that, and a sitting government would get thrown out of office for proposing it, so all that's left is more printing and collapse, hopefully followed by some sort of renewal
The Americans never stop. They are messing around in the Caucasus, too. They're also in Central Asia and they're sniffing around in Belarus again. Russia needs to finish up Ukraine and pay attention to the rest of its periphery. Keep the wolf from the door.
BRICS need to walk the walk, not just talk the talk. I doubt they have ten years. Brasil will be regimechanged by the CIA long before then and it'll be down to RICS. In fact I doubt Brasil can ever seriously be considered as a long-term ally of China and Russia, given its location.
How hard can it be to set up some banks that don't settle in USD? It doesn't take ten years.
BRICS need to get a move on, otherwise the USA will just roll them over one by one.
Much as I respect Jeffrey Sachs, all I hear is talk. Where are the figures, Jeffrey?
De-dollarisation is supposedly ongoing. Oh yeah? Where are the figures? How many tens of billions of USD have countries sold off in the last year? Two years? Three years?
You are probably right about Brazil, but BRICS is working to its own timetable
Current Chinese holdings of US treasuries is $680 billion (Bloomberg), which is down from a peak of $1.32 trillion, and Chinese banks have just been told to stop buying new US bonds, aka depreciating dollars
Between Sept and Nov 2025, China sold $30 billion (Barrons), and has been quietly selling for about ten years rather than just dumping en masse, because it doesn't want to cause a dollar crash that would weaken the rest of its holdings, or crash the world economy
China has moved from being the main US debt buyer to third place behind Japan and the UK, India dumped $50 billion of US treasuries last year, and for obvious reasons, Russia is unlikely to hold any more dollars, and the rest of BRICS are doing the same to the extent that they can
These figures seem quite small compared to US declared debt, and insignificant compared to the real US debt when you add all the other sources of debt!
Relevant to the total debt, the figures seem small because only about 25% of US debt is foreign held, the rest is 55% US investors, 7% Social security and 13% the Fed.
Sladkovian queried how many tens of billions of US treasuries have been sold off by countries in recent years, (mainly BRICS), and the answer is hundreds of billions, not tens of billions
To get it into context, in the 2008 crash, the US debt was about $10 trillion and foreigners held half of it, and 18 years later it is almost $39 trillion with foreigners holding a quarter, which speaks for itself
Hence the urgency to offload liabilities (eg., withdrawing funding of UN organisations) and grabbing wealth from others.
Prioritising the tools to do that: large military budget increase, overt Economic coercion to collapse governments, ...
What was once unthinkable, has now become the norm. Including the collapse of what used to be known as moral principles, making even Genocide a 'common sense' decision in order to steal the ground from under people's feet!
And then... enacting the dystopia in the novel 1984: Truth=Lies, Lies=Truth, Freedom=Slavery, Slavery=Freedom!
About the Economics mechanisms, perhaps with a slide pack to visualise it all.
It's amazing the world has just gone along with all the unilateral "sanctions" from the US for all these years! And now they are confident enough, unopposed, to do anything they want to collapse countries all around. Except the "great powers" of course, that do nothing to stop them.
Because he - Sachs - limits who can post on his “sub-stack”, can you ask him please why did he destroy Polish national economy in 90’s, what resulted in mass migration of Poles out the country and thousands of suicides ?
Few truly understand the True Consequences of the US Dominance.
It is a Military, Economic, Cultural, Intelligence Dominance through a combination of hard and soft methods that:
- attract though the highest compensation packages the Best Talent in Academia, R&D, Management;
- through Weaponized Strategic Corruption buy all the emerging Leaders of Foreign Countries;
- through Weaponized Strategic Media form the culture and mindset (Hearts & Minds) of Foreign Cultures and Societies;
- through Global Financial Institutions "Strongly Encourage" (or "Discourage") the Economic Life of other Countries;
- through "Intelligence Cooperation" select and groom the emerging Individual and influencers of Foreign Nations (then "head-hunted" by the Weaponized Strategic Corruption).
Only after all of the above fails, do they use the Military Power Pressures.
Thanks Glenn. Informative as always. Keep up the great work.
Thanks for your great work Glenn!
We've restacked and shared this link on 'The Stacks'
https://askeptic.substack.com/p/the-stacks
Goodbye to the weaponized dollar would be a fantastic thing and I am amazed that the US is shooting itself in the foot as they continue on this path. As always Glenn and Jeffrey provides crisp analyzis of the issue.
A responsible US government would accept that it is drowning in unsustainable debt and deficits, has lost its proxy war on Russia, has lost its economic war with China, is overseeing the collapse of its currency, acknowledge that the game is up, and then act accordingly
That means telling the truth to the US electorate, living within its means, reaching terms with its creditors, and trying to reach a trade and security arrangement with China, Russia and BRICS while it can (if it can)
Obviously, no incoming government would get a mandate to do that, and a sitting government would get thrown out of office for proposing it, so all that's left is more printing and collapse, hopefully followed by some sort of renewal
MSM has been helping CIA regime changes for decades.
Bessent is at least honest on his actions. Guess he think most people won’t understand,
may Israel america feed on its own flesh for all the tragedy they have caused .
The Americans never stop. They are messing around in the Caucasus, too. They're also in Central Asia and they're sniffing around in Belarus again. Russia needs to finish up Ukraine and pay attention to the rest of its periphery. Keep the wolf from the door.
Ten years?!
BRICS need to walk the walk, not just talk the talk. I doubt they have ten years. Brasil will be regimechanged by the CIA long before then and it'll be down to RICS. In fact I doubt Brasil can ever seriously be considered as a long-term ally of China and Russia, given its location.
How hard can it be to set up some banks that don't settle in USD? It doesn't take ten years.
BRICS need to get a move on, otherwise the USA will just roll them over one by one.
Much as I respect Jeffrey Sachs, all I hear is talk. Where are the figures, Jeffrey?
De-dollarisation is supposedly ongoing. Oh yeah? Where are the figures? How many tens of billions of USD have countries sold off in the last year? Two years? Three years?
You are probably right about Brazil, but BRICS is working to its own timetable
Current Chinese holdings of US treasuries is $680 billion (Bloomberg), which is down from a peak of $1.32 trillion, and Chinese banks have just been told to stop buying new US bonds, aka depreciating dollars
Between Sept and Nov 2025, China sold $30 billion (Barrons), and has been quietly selling for about ten years rather than just dumping en masse, because it doesn't want to cause a dollar crash that would weaken the rest of its holdings, or crash the world economy
China has moved from being the main US debt buyer to third place behind Japan and the UK, India dumped $50 billion of US treasuries last year, and for obvious reasons, Russia is unlikely to hold any more dollars, and the rest of BRICS are doing the same to the extent that they can
These figures seem quite small compared to US declared debt, and insignificant compared to the real US debt when you add all the other sources of debt!
Relevant to the total debt, the figures seem small because only about 25% of US debt is foreign held, the rest is 55% US investors, 7% Social security and 13% the Fed.
Sladkovian queried how many tens of billions of US treasuries have been sold off by countries in recent years, (mainly BRICS), and the answer is hundreds of billions, not tens of billions
To get it into context, in the 2008 crash, the US debt was about $10 trillion and foreigners held half of it, and 18 years later it is almost $39 trillion with foreigners holding a quarter, which speaks for itself
Hence the urgency to offload liabilities (eg., withdrawing funding of UN organisations) and grabbing wealth from others.
Prioritising the tools to do that: large military budget increase, overt Economic coercion to collapse governments, ...
What was once unthinkable, has now become the norm. Including the collapse of what used to be known as moral principles, making even Genocide a 'common sense' decision in order to steal the ground from under people's feet!
And then... enacting the dystopia in the novel 1984: Truth=Lies, Lies=Truth, Freedom=Slavery, Slavery=Freedom!
Where, and how, does it all end??
I would love to hear some more details too!
About the Economics mechanisms, perhaps with a slide pack to visualise it all.
It's amazing the world has just gone along with all the unilateral "sanctions" from the US for all these years! And now they are confident enough, unopposed, to do anything they want to collapse countries all around. Except the "great powers" of course, that do nothing to stop them.
Oi Glenn, existe a possibilidade de disponibilizar o seu conteúdo e português 🇧🇷 aqui nessa plataforma
You should read this article by Roman Dmowski, father of modern Poland, he explained in great detail the issue we are facing: https://paulszymanski.substack.com/p/the-traveling-salesman-in-trouble?r=1lnrkn
https://www.facebook.com/share/1JncWRWDqi/#National Strike
Because he - Sachs - limits who can post on his “sub-stack”, can you ask him please why did he destroy Polish national economy in 90’s, what resulted in mass migration of Poles out the country and thousands of suicides ?
Stablecoins are another nonbank alternative
I love that I can watch your videos here Glenn and not on YT.