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Ulrich's avatar

I understand your impatience, but I am confident that the war on Iran is far from over and we should not despair after two days of action only.

Daniel Good's avatar

It is certainly true that we should not be carried away with undue optimism, and we should remind ourselves of the many sides to these conflicts and to the fact that BRICS is the new kid on the block. But one should also realize that the USA is a spent force, despite their boasts of invincibility. The problem for the USA is the uncontrollable deficits which have become a serious threat to the US ability to maintain its hegemony. Everyone has a stake in the reserve currency. The reserve currency is a huge advantage for world trade and economic growth and developement. It helps everyone. However, if this currency is abused, as it has been by vicious sanctions, which are effective acts of war for the targetted country, then something is bound to give. The reserve currency has a bad side-effect for the USA: it prevents the US from being competitive in production. This explains the frenetic race for "innovation" which keeps the US ahead of the curve and dominant. But innovation also belongs to everyone and can be copied and even improved. And this is where BRICS is in a strong position. Let's not be too pessimistic about BRICS. Seeing Trumpism is proof certain that the US is in a state of panic.

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