this post was submitted on 08 Sep 2024
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One important aspect of eating their own tail is the overuse of sanctions in the past two decades. What was once a targeted siege war on particular enemies of the US has become a broad and still growing tactic to replace military force. At this point over a third of all nations have some kind of sanctions on their people, properties, or organizations. We're at the point where sanctions are now isolating the metropoles from foreign markets, and meanwhile sanctioned countries are working together to avoid trade in USD.
They absolutely won't lift the sanctions, and in fact are only going to increase them, but in so doing they're dooming the purchasing power of their own basket of currencies.