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IE: US faith in the stability of the dollar will be tested

Rumours of the death of the dollar are exaggerated, but only for now, writes the author of the article for The New Indian Express. The problems with the American currency are increasing, and the cause of this is Washington itself. Ultimately, the US will overplay their hand and lose their political prestige.

At the moment, there is no doubt in the US about the stability of the dollar as a reserve currency. However, considering the country's economic, political, and social problems, this faith will be put to the test.
To paraphrase Mark Twain's famous joke, rumours of the death of the dollar are exaggerated, although its health problems are increasing.

The problems with the dollar are mainly caused by Americans themselves. The unrestrained fiscal and monetary policies of the US - with a budget deficit and government debt at 7% and over 100% of GDP respectively - have reduced the dollar's long-term purchasing power. Since 1972, it has fallen by 99% against gold and lost 90% of its purchasing power in the market for real goods and services.
American politicians have always sought to use the dollar as a weapon to achieve their own goals, thereby compensating for economic weaknesses, such as lack of competitiveness. The US has sought to exclude foreign entities from international payment systems, such as SWIFT.
Washington imposes secondary sanctions to punish individuals and organisations that are not even under US jurisdiction. If a Russian company is under sanctions, anyone doing business with it may be subject to legal action, even if they comply with their own country's laws. This is done through a questionable system of dollar transactions that only pass through the US banking system. International banks and others have already faced legal action for operations that are legal in their own country. The threats are sufficient to disrupt dealings with organisations under US sanctions.

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📝🇺🇸❌🇮🇷 - On the Brink: Showdown in the Middle East

Amid an escalating American buildup, it’s clear Witkoff’s list of demands is more of a request for surrender. Accepting the abolition of its nuclear program and limitations on its ballistic missile force would leave Iran powerless to defend itself in any future conflict, which is the entire point of asking for these “concessions”. This demarche is a poison pill meant to justify further action when Iran rightly refuses it or, should they be foolish enough to actually accept it, will make the job of Israel and the U.S. easier when they inevitably tear up any agreement to conduct strikes anyway. The goal here for Tel Aviv and Washington isn’t peace and anybody who thinks they actually care about protesters needs to get their head checked; they want a final showdown with Iran to remove it as an obstacle to themselves in the Middle East.

For those that don’t remember, in the lead up to the 12 Day War last year...

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The Democrats got new talking points, but the question is why this sudden shift in direction that betrays a part of their lunatic base. Something really shifty is going on over there.

EDWARD DOWD

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Tribunals

🇺🇸 White House: U.S. exits Hague tribunals and Venice Commission

The United States is withdrawing from two international criminal tribunals based in The Hague and from the Venice Commission, as part of a broader disengagement from 66 global organizations, according to a White House statement.

The U.S. will no longer participate in the International Residual Mechanism for Criminal Tribunals, which prosecutes remaining cases from the former Yugoslavia and the Rwandan genocide. The move reflects a wider recalibration of American foreign policy under President Donald Trump, aimed at distancing the U.S. from bodies seen as undermining national sovereignty or offering limited return on investment.

This withdrawal underscores Washington’s shift away from multilateral judicial structures and toward a more unilateral, interest-driven approach in international affairs.

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