This article focuses mainly on the petrodollar system, which is at the heart of the U.S. dollar supremacy, and on the challenges it meets. Meanwhile, these trials start outlining potential futures for the international currency system.
Category Archives: Americas
Signals: China enters the Fray in the Middle East; Israel Unprecedented Interview; Saudi Arabia…
A new state of play is emerging in the Middle East, which redraws the regional web of influence, following the military victory over the Islamic State in Iraq and Syria and the concurrent and related negotiations for the end of the war in Syria. At the global level, the current jockeying taking place in the Middle East and its result will also have consequences as it impacts perceptions of global players, as well as influence and thus capability. On 16 November, three major diplomatic events centred around Saudi Arabia and Iran’s influence and involving China and Israel took place which impacted this state of play.
Signals: Lebanon, Saudi Arabia, Iran, Israel…
Impact on Issues and Uncertainties ? Unity of Arab States, willingness and capability to support Saudi Arabia, willingness and capability to counter growing Iranian influence, (critical uncertainties) ➚ (➃ conflict in Yemen) Saudi perception of Iranian expansion and resulting threat ➙ ? Lebanon destabilisation ➚ ? Hezbollah influence in Lebanon ➚➚ Iran actualization of the Shia crescent to the Mediterranean …
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Signal: Al Qaeda / Islamic State New Front In Western Egypt?
Impact on Issues and Uncertainties ➚ ➃ Reinforced jihadist front in Western Egypt ➚ ➃ Challenges to Egypt as it is squeezed between the Sinai and Western fronts ➚ ➄ Survival of the Islamic State ➚ ➄ Islamic State resurgence in the MENA region, notably Libya ➚ ➄ Strengthening of al-Qaeda in the MENA region ➚ ➄ Reinforced linkages with other jihadist groups and …
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The Paradox of U.S. Decline … and the Tensions with North Korea
This article stresses the paradoxical character of a U.S. decline, and addresses the impossibility for the U.S. to accept its demise as superpower. It applies this framework to the case of the 2017 tensions with North Korea, and deduces a possible future path for the U.S. course of action, as well as possible levers regarding …
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Signal: Still no Agreement – Iraqis Forces and Peshmergas
Impact on Issues and Uncertainties ➚ ? ➃ Short term – Willingness of Iraq to capitalize further on their military victory against the Kurds, notably capturing Kurdish oilfields (uncertainty)➘ ? Medium to longer term – capacity of Iraq to govern legitimately over its multi-sectarian multi-ethnic population (critical uncertainty) ➚ ➃ /➄ Iraq strength and international support ➘ ➂ Legitimacy of Iraqi Kurdish political authorities and parties➘ Prospects for Iraqi Kurds’ independence and even autonomy ➙ ➃ Iran’s influence in Iraq and in the region ➘ ➃ U.S. influence in the region➘ Middle East American order (Other issues stable as regard to this signal only – a full assessment would need to consider events in Lebanon and Yemen) On 5 November 2017, the ongoing negotiations between the Iraqi forces …
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Signal: Google Alphabet CEO Thinks China will Lead in AI by 2025
Impact on Issues and Uncertainties ? Will the U.S. be able to stem this declining tide in terms of AI? How threatening will the leadership of China in terms of AI be perceived? what would mean escalating tensions between China and the U.S. involving AI and how would they play out? (Critical uncertainties) ➚➚ China influence ➚ …
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Signals: Russia, Iran, Turkey – A Syrian Strategic Triangle
Impact on Issues and Uncertainties ? Degree of influence of Russia – and now possibly Iran – on Turkey compared with Turkey’s perception of threat related to a Kurdish polity on its southern flank (critical uncertainty) ➚➚ ➃ Turkey’s perception of threat ➚➚➚ ➃ to ➂ Survival of the Kurdish-led Federation of Northern Syria➚➚ ➄ to ➂ Constructive peace for Syria ➘ ➃ to ➂ Middle East Tension➚ Iran influence➚➚ ➃ Russia influence➘ Threat to Israel➚➚ ➃ U.S. influence trial – likely leading to ➘➘ U.S. influence ➚➚ ? ➁ U.S. Russia global tensions ➘ Western NGOs and then businesses prospects in Syria On 1 November 2017, the President of the Russian Federation Vladimir Putin and the President of Islamic Republic of Iran Hassan Rouhani met in Teheran.For previous and other signals check the Horizon Scanning BoardFriendly statements followed. Iran …
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Signal: Russia to Support Deeper Involvement of Kurds in Post-War Syria
Impact on Issues and Uncertainties ? Degree of influence of Russia on Turkey compared with Turkey’s perception of threat related to a Kurdish polity on its southern flank (critical uncertainty) ➚➚ ➃ to ➂ Survival of the Kurdish-led Federation of Northern Syria➚ ➃ Russia influence trial As the seventh round of Astana talks proceeds (30 Oct-31 Oct 2017), Russia’s envoy Alexander Lavrentyev stated:“The question arises on how to involve the Kurds more actively in the post-conflict restoration and political resolution.”This statement, as well as the federal design for Syria Russia favours, would let us expect that Russia will support the Kurdish led project, i.e. to see their Federation of Northern Syria within a united Syria survive and strive. As a result, the survival of the Kurdish-led project …
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Towards the End of the US Dollar Supremacy? How Currency Internationalization Impacts State Power
In this article, we shall look further upon the impacts that currency internationalization has not only on the issuer’s economy but also on its foreign policy, international power and status, as stemming from each currency function (medium of exchange, unit of account, store of value, both at the private and the public level). This will …
