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.
Tag Archives: Russia
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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Towards the End of the US Dollar Supremacy? Global Currency Fundamentals
Editor’s note: We have been monitoring “behind the scenes” the US Dollar Supremacy and the challenges it faces over the last couple of years. Indications show that it is now time to move towards strategic foresight analysis of the issue. This series results from this need and our in-depth analysis will constitute the building blocks for scenario …
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Which U.S. Decline? The View from the U.S. National Intelligence Council
The second decade of the 21st century appears to be rough for the U.S.. Could it mean that American power is waning? The question of a putative decline of the U.S. regularly emerges in international relations and in the media since at least the 1970s (Kenneth Waltz; Theory of International Politics, 1979: 177-178). However, each …
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Evaluating Likelihoods for the Future of Libya – A Salafist Victory?
In this article, we shall assess the likelihood of a total victory in Libya in the medium term by al-Qaeda and the Islamic State. By victory, we mean a complete victory by one side over its adversaries, which is not imposed from the top down by external powers. In the previous article, we evaluated the likelihood for the lasting victory of each government, finding that a COR victory was least unlikely. Now that intervention is already occurring, as we saw in our article on intervention scenarios, the “Salafist Victory” scenarios are considered sub-scenarios of Scenario 2: Intervention instead of independent scenarios. As such, this will be reflected in the indicators, mapping and likelihoods. Indeed, as events unfolded and intervention took …
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Towards Renewed War in Syria? The Kurds and Turkey
President Erdogan “Countries We Consider Our Friends See No Problem in Cooperating with Terrorist Organizations”, Eid al-Fitr celebration, AK Party’s Istanbul branch, 25 June 2017 – Presidency of the Republic of Turkey.“The entire world should know that we will never allow the establishment of a terror state across our borders in northern Syria. … We will continue to crush the head of the serpents in their nests. Here is my message to those who want to block the steps we will take for the survival of our state and nation…” President Erdogan (Presidency of the Republic of Turkey, “Countries We Consider Our Friends See No Problem in Cooperating with Terrorist Organizations“, Eid al-Fitr celebration, AK Party’s Istanbul branch , 25 June …
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Evaluating Likelihoods for the Future of Libya – Scenarios of Victories (2)
In this article, we shall assess the likelihood of a lasting victory by the GNC, GNA, and COR—in other words, the ability of each government to not only achieve victory, but also to maintain lasting control. By victory, we mean a complete victory by one side over its adversaries, which is not imposed from the top down by external powers. In the previous article, we evaluated the likelihood for the initial victory of each government, finding that a COR victory was least unlikely. Now that intervention is already occurring, as we saw in our article on intervention scenarios, the “Total Victory” scenarios are considered sub-scenarios of Scenario 2: Intervention instead of independent scenarios. As such, this will be reflected in …
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The Middle East Powder Keg and the Great Battle for Raqqa
As events accelerate both within Syria on the battlefield and in the region, this article monitors and analyse these developments. It seeks to answer the question: do the unfolding states of affairs increase, or on the contrary decrease, the likelihood to see an intensification of Turkish escalation against the Syrian Kurds and, de facto, Northern Syria?We shall look first at the race that is taking place on the Syrian battlefield around the Battle of Raqqa and towards Deir es-Zor, there addressing furthermore the entrance of a new level of Iranian influence. We shall then turn to the evolving crisis around Qatar, pointing out notably impacts on Turkey and how that crisis and the Battle of Raqqa feed into each other to heighten the risk to see …
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The “One Belt One Road” Summit and the Chinese Shaping of Globalisation?
On 14 and 15 May 2017, the “One Belt, One Road” (OBOR) Forum for International Cooperation took place in Beijing. It hosted delegations from 63 countries and several international organisations. Heads of states and governments led in person 29 delegations from Asia, Africa, South America and Europe (“Belt and Road Forum for International Cooperation”, Xinhua.net). …
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Evaluating Likelihoods for Libya – Scenario 2 Intervention
Featured image: by Andrey Belenko, [CC BY 2.0], via Flickrby Andrey Belenko, [CC BY 2.0], via FlickrHaving organized the scenarios and detailed the general methodology for Scenario 2 in the last article, we shall now discuss the indicators for intervention and determine the likelihood of intervention occurring for the General National Congress (GNC), Council of Representatives (COR), and Government of National Accord (GNA), as well as see how the general case envisioned previously needs to be amended to reflect the reality on the ground as interventions have started. The initial narratives for the intervention scenarios can be found here (scenarios 2(1) to 2(9)).Note: we shall use the acronym COR for the Council of Representatives (nationalists), GNC for the General National Congress (Islamists), and …
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