When everyone talks about the possibility of a new major conflict, there is also a different reading: that the real showdown of the 21st century may not take place on the battlefields, but in markets, currencies, energy, and the control of global trade.
In the following video, former American military officer and commentator Douglas Macgregor argues that China is not primarily preparing for war, but for something perhaps even more important for the global balance of power: the gradual reduction of the international system's dependence on the US dollar.
It is a view that opens up a much larger discussion.
Can the dollar really lose some of its dominance?
Can China, BRICS and new trade agreements create a different global economic system?
And what would such a change mean for the United States, Europe, and the entire international economy?
The following video is not just about China.
It concerns the great redistribution of power that is already underway in the world.
Because great empires and great powers are not only judged by their weapons. They are also judged by the currency in which the world trades.
https://www.youtube.com/watch?v=ly3Mv9oUVe0
https://www.youtube.com/watch?v=3m60H2fDVgo
photo credit, https://pixabay.com
