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IPFS News Link • Foreign Policy

The Biggest Threat To US Hegemony: China, Russia, Or Debt?

•, Via The Mises Institute

Is it going to be a continuation of the Trump administration's policies, or is there something new going on? Given the continued tenure of staffers at the Pentagon from before the Trump presidency, it seems unlikely there will be much in the way of détente: it is game-on for the cold war to continue.

Before delving into geopolitics, we must be careful to define a neutral position from which to observe developments. You cannot be objective in these matters if you justify an uninvited invasion of a foreign territory to take out a proclaimed public enemy, as America did with Osama Bin Laden and then condemn Russia for attempting to murder an ex-KGB officer living in Salisbury, or for that matter the dismembering of a journalist in the Saudi Embassy in Turkey. You must be aware that it is an established part of what Kipling called The Great Game, and always has been.

Acts of this type are the product of states and their agents acting above any laws and are therefore permitted to ignore them. We must dismiss from our minds the concept that there are good and bad guys—when it comes to foreign operations, they all behave the same way. We must dismiss nationalistic justifications. Nor can we believe propaganda from any state when it comes to geopolitics, and particularly in a cold war. Know that our news is carefully managed for us. As far as possible we must work from facts and use reasoned deduction.

We are now equipped to ask an important question: the US status quo, with its dollar hegemony is seen by the new Biden administration as an unchallengeable right, and its position as the world's hegemon is vital for … what? The benefit of the world, or the benefit of the US at the world's expense? To answer this, we must consider it from the point of view of the US military and intelligence complex.