Commentary It’s long been reported by The Epoch Times that China—and more recently due to the ongoing war, Russia—has been keen to see the U.S. dollar knocked from its perch as the biggest global reserve currency. Russia and China have now begun working on that, which isn’t a surprise. But what is a surprise is…
The Fallout From the Eclipse of US Hegemony
Commentary “America at this moment stands at the summit of the world.”—Winston Churchill, 1950 At the end of World War II, the United States was far and away the world’s predominant economic and military power. America in 1950 was nothing less than an industrial colossus. According to the International Organization of Motor Vehicle Manufacturers, the…
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