For What Reason is Trump-Bush Financing Israel’s Wars and the War Against Russia in Ukraine? The Cost of American Hegemony May Cause America’s Destruction

From [HERE] Do you remember when we were told that the “Reagan deficit” was going to destroy the economy?  In the past two and one-third months ending October 15 the US national debt increased by $1 trillion.  That is five times greater in a mere 71 days than David Stockman’s exaggerated “$200 billion annual deficits as far as the eye can see” that he falsely attributed to President Reagan’s tax rate reduction. 

In light of the $38 trillion US national debt, why is Washington financing Israel’s wars and the war against Russia in Ukraine?  The weaponization of the US dollar with sanctions and asset freezes and confiscations has resulted in a decline in the percentage of international transactions accounted for by US dollars.  Similarly, the dollar’s use as foreign central bank reserves is declining.  If the dollar loses its role as reserve currency, the interest rate needed to finance the massive US national debt would rise precipitously and absorb the entire revenues of the government.  

American power depends far more importantly on the dollar’s role as reserve currency than it does on the War Department budget or winning wars for Israel and Ukraine. Trump’s war on Putin is driving up oil and other prices that are main drivers of inflation.  Trump’s war on China might deprive the US economy of rare earths, thus halting production of essentials.  It seems to me that the cost of American hegemony is going to be America’s destruction. [MORE]