For much of the tenure in Barack Obama’s administration, the U.S. has suffered a bout of Meige’s syndrome, which stems from excessive blinking taking place during normal activities. And whether it was the U.S. blinking in 2013 in Syria when Vladimir Putin stepped in to aid Bashir Assad, or when Washington backed down to China in allowing them to join the IMF’s SDR basket of currencies, the fact of the matter is that the reputation and strength of Washington’s power has essentially been waning steadily over the past four years.
So perhaps it should come as no surprise when Washington is once again forced to ‘blink’, and back down from their long-standing doctrine of government overthrow in any country that dares to affect the petrodollar policy when on April 1, the Obama administration announced that they would be allowing the backdoor use of SWIFT to Iran so they could sell oil in dollars following their announcement last month that they intend to sell their commodity primarily in Euros.
Since the end of World War II, the United States has attempted to portray itself as the ‘defender of Democracy‘ in global affairs and has used a combination of overt and covert methods to ensure its domination over geo-political events. But as greed and corruption suffused the Federal government in Washington following the end of the Cold War, the tables have now turned and the U.S. is no longer seen as a savior for downtrodden or bullied nations, but as the instigator of such environments.
The pendulum is shifting away from American and even dollar hegemony, and back towards the East where trade and economic cooperation is quickly replacing forced indebtedness and corporate cronyism. And while the U.S. continues to enact a combination of military and economic warfare on anyone who dares to question this era’s incursion of ‘American United Fruit Company’s’, the realization that the U.S. is no longer the sole superpower in the global landscape has led to a number of ‘blinks’ occurring out of the Obama administration, and a growing change in foreign policy where it is not the rest of the world that must cede to Washington, but rather, Washington is now forced to cede to them.