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Date Posted: 20:30:01 2/08/23 Wed
Author: Jasper
Subject: Zman writes about the next decade beginning now.

.
he great challenge of this age, it turns out, is that the emerging civilization centers of the world are emerging into the unipolar world. On the one hand, they need to remake the world order to reflect this new reality. On the other hand, they still depend in significant ways on the old structures from the unipolar order. They cannot overthrow the old order without incurring significant costs. Of course, there is the Global America Empire, which stands athwart history yelling “stop!”

In this regard, the dollar is a symbol of the current crisis, because it is the symbol, the primary tool, of the old unipolar order. Just as removing the dollar as the reserve currency would bring about significant economic costs, removing America as the center of the global order brings serious risks. Not the least of those risks is an increasingly unstable political class armed with nuclear weapons. Joe Biden prattling on about nuclear war does not inspire confidence.

The result is the emerging new power centers are becoming extremely cautious as they proceed down the path toward a multipolar world. China could take Taiwan by force if it chose, but that brings risks it is unwilling to assume. It is not just the cost of war, which would be significant, but also the cost of victory. The sight of an American carrier, on fire, sinking into the Pacific could collapse the American empire. That would take the dollar with it and everything that counts on it.

https://thezman.com/wordpress/

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