Contradictions and Challenges of the U.S Financial Hegemony

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Contradictions and Challenges of the U.S Financial Hegemony

Douglas Macgregor, a combat veteran, and a Defense and Foreign Policy consultant, exposes the U.S financial hegemony and how its contradictory in nature. He has argued that institutions like the World Bank, have often been influenced by the U.S in pursuit of its foreign policy objectives, and have been used as tools to advance US interests. He also highlighted that while the US accuses China of lending money to countries and then using that debt as leverage, the US itself engages in similar behavior through its financial dominance. According to him, the US has employed more damaging and intrusive tactics to maintain its influence. However, countries like China, India, and Russia are now becoming increasingly assertive in their own geopolitical interests. challenging the US financial dominance.