Matisyahu's Blog

Just thinking of all the things that have occurred over the last few weeks – the speech given by Mark Carney, the free trade agreement between the EU and India, murmurs regarding China wanting to position itself as the reserve currency and all the discussion regarding the latest tranche of Epstein related documents that were made available. That doesn’t even touch on the United States budget negotiations, the behaviour of ICE and Border Patrol agents not to mention the real economy is cratering while the share market booms as day traders are getting on their own supply.

The reason I bring this up is because we maybe living in the dying days of American hegemony and I think for many the expectation was that it would eventually happen but the question was how the decline would take place. Would it be a slow decline where the United States gracefully exits the stage, will it be where the United States makes a series of dumb decisions to ‘restore the former glory’ resulting in the decline being sped up or will it be an spontaneous collapse off the back problems that have built up of decades that have been left unaddressed or one last attempt to reclaim the United States role in the world.

As I’ve noted on a post I made over on BlueSky – in my life time we’ve had 8 years of George W Bush and by 2028 there would have been 8 hears of Trump. I can’t speak for everyone but I think the world has really had it with the United States. The world is tired of the chaos, tired of the craziness, tired of a country inhabited by people who don’t understand the role that the United States plays in the world and the historical events that led to the United States being in that position. When you have a largely ignorant population then it isn’t surprising that someone like Trump eventually gets voted in resulting in the whole global order unravelling.

I have noticed over the last decade or so that the petty squabbles between many nations are being put to one side recently, alliances are being built and are now being taken seriously rather than just a get to gather once a year. BRICS was set up a while ago but the recent discussion of an alternative to the American dollar has finally turned from something talked about into something that actually has been fleshed out into something serious. There is also a discussion regarding an alternative to SWIFT, work is being done regarding an alternative to the Visa and MasterCard payment network by using UnionPay as a platform on which to build an interoperable alternative.