How the US-Israel War on Iran Is Accelerating America's Global Decline
The costly US-Israel war on Iran is fueling de-dollarization, reducing American power globally and impacting economies worldwide through surging inflation.
The US-Israel war on Iran is proving to be an expensive endeavor, not just in terms of human lives, but also in pure financial cost – about $12 billion per week for the US. However, the true impact of this conflict extends far beyond the immediate expenditures, as it is causing a fundamental shift in the tectonic structures that underpin the global economy.
De-dollarization, the process by which countries are unwinding their reliance on the US dollar, is a direct consequence of this war. This phenomenon promises to reorder the world, reducing American power globally. Its impact will be felt domestically, affecting what we pay to borrow and whether we can afford to borrow at all.
Source: The Guardian
