US Strategy for Dollar Hegemony

[Lauren Johnson]

As I re-read the paragraph, it turns on "express goal" and "precisely toward this end" in the following.

Other measures are taken precisely toward this end. This latest round of financial warfare has to be seen in the context of financial imperialism in general. Countries struggling for sovereignty are also being hit by sanctions, speculative currency attacks, commodity price manipulation, biased evaluations from US ratings agencies, massive fines on some banks for what the US has deemed inappropriate practices, and the prohibition of certain banks from participating in the international banking system. All of these weapons like their lethal counterparts are used toward weakening rivals (whether US allies in the global North or competitors in the global South and East) and maintaining dollar hegemony.

EDIT: I didn't finish my thought. Even though something like spread cheap, nearly free dollars globally does not have the "express goal" of causing economic pain and chaos, it can ultimately serve that end. Therefore, printing cheap dollars (exporting sovereign debt) is both a means to get out of a sketchy financial situation and later as a means of both imposing rents and asset stripping on foreign governments.