You won’t read this on the front page or even hear it discussed; but, over the last few weeks, we have seen significant economic moves against the West.
This has, indirectly, and concerningly, security implications.
Brazil, Russia, India, China, Malaysia, Saudi Arabia, Argentina, the United Arab Emirates, countless African nations, and even France have turned against the United States and its allies, via the US dollar.
Let me explain.
Since 1973, all natural resources around the world, most importantly oil, have been traded in the US dollar.
The deal was simple.
The United States would be the world’s policeman.
It would work to crush communism, Islamic radicalism,...
Already a subscriber? Log in
Subscribe for just $2 a week
Try a month of The Spectator Australia absolutely free and without commitment. Not only that but – if you choose to continue – you’ll pay just $2 a week for your first year.
- Unlimited access to spectator.com.au and app
- The weekly edition on the Spectator Australia app
- Spectator podcasts and newsletters
- Full access to spectator.co.uk
Or
Comments
Don't miss out
Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.
SUBSCRIBEAlready a subscriber? Log in