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-- its overall imperial agenda; and
-- culture of militarism and belligerence at the expense of democratic freedoms, beneficial social change, and human and civil rights.
It also keeps America economically dominant as long as other nations go along under a Washington controlled WTO/IMF/World Bank/Bank for International Settlements (the Central Bank of Central Banks in Basel) system, using the dollar as the world's reserve currency.
Other nations, however, are now balking, a June 2009 Yekaterinburg, Russia meeting with top officials of the six-nation Shanghai Cooperation Organization (led by China and Russia) took the first step to end dollar supremacy, perhaps replacing it eventually with a single global currency.
Today, America remains unchallenged militarily, its economic supremacy, however, weakening as it staggers under growing debt, while nations like China, Brazil, India, Russia and others are rising.
In July, 2009, Russian President Medvedev advocated a supranational currency. In September, the UN Conference on Trade and Development proposed an artificial one to replace the dollar. Other alliances, including nine Latin American countries, support a regional currency. China wants its yuan protected, and Russia plans to begin trading in the ruble and local currencies.
If these ideas take hold, America's permanent war agenda and overall hegemony will falter. Under the present system, what Hudson calls a "sinister dynamic:"
"the US payment deficit pumps dollars into foreign economies (that have) little option except to buy US (debt) which the Treasury spends on financing an enormous, hostile (global) military build-up," and its ready-to-unleash-anytime war machine. In other words, foreign US Treasury buyers may, in fact, be financing their own endangerment.
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