the_dunk_tank
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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on one hand shipwreck tells a compelling story that biden and his circle are exceedingly competent political operators playing a 5D chess game to ensure dollar supremacy. On the other hand they constantly do deranged shit like this.
They're the pawl to the republicans ratchet. They exist to prevent a shift to the left. They might not get elected this time, but that's ok, the ratchet will turn and all those ungrateful protestors will come crawling back just to make it stop. Then they get to cement the republicans gains while threatening further harm if not re-elected.
Idk, they do keep doing the unexpected thing and it keeps kind of working out for them
To be fair, I never said they were playing 5D chess.
I said that Biden took a huge gamble with confiscating Russian dollar reserves and hiking interest rates, which in turn placed the dollar in a highly vulnerable position especially during the fall of 2022, betting that China and BRICS wouldn’t dare to challenge it, and it paid off hugely for both the US imperialists and especially for the Democrats, who have now not only out-played the Republicans as the war-mongering party, but also became addicted to weaponizing the dollars for their own gains.
The weakness of the dollar hegemony that Biden himself created has been patched up, with the latest $95 billion spending bill being the final nail in the coffin for the current wave of de-dollarization attempt. Until the next dollar crisis, that is.
What I am saying though is that Biden is prone to taking high risk high reward moves (reward as in asserting the hegemony of the US empire), who is not afraid to start wars with other major powers and sacrificing millions in the process. A lot of what Biden has done since assuming the office is predicated on being ruthless and willing to take huge risks (far more than his predecessors would be comfortable with), and betting that your enemies wouldn’t dare to upset the US-dominated network of global institutions. And so far, as we have seen, it is working out well for the US empire.
I'm not sure I buy this for two reasons. First, I am somewhat unconvinced that the recent dedollarization activity was organized enough to be effective at all, regardless of the actions of the US in response. And second, the amount of money being spent on war is almost a rounding error for the total number of dollars in existence. So I think the dollar hegemony is weak but has not yet been threatened, in other words.
Tbh Biden does have a lot of foreign policy experience, as does his cabinet. So a lot of what’s happening isn’t really all that surprising when the US is in the geopolitical situation it’s in and throwing its weight around more frantically than before.
What loses me is when things like Argentina going the way it has or Israel instigating Iran is somehow Biden pulling the strings and not just him taking advantage of a situation.