Michael Hudson on how Yankee Foreign Policy is Myopic Internationally and Domestically

This is a wide-ranging article about the long term impact of Yankee foreign policy on other countries in the world and domestically, in terms of population. The confiscation of gold and foreign reserves in Afghanistan, Venezuela, and now Russia has revealed to the world how unpredictable dollar holdings are when you are on the wrong side of the empire. This lowers people’s confidence – not only in the dollar but in the IMF and the World Bank. Secondly, sanctions against Russian products will cause significant hardship for the Yankee population.