Mass media likes to use catchy headlines in order to attract an audience’s attention. Die Welt, a major German edition that enjoys popularity among businessmen and investors, has taken the same path. Not so long ago, it published an article written by Michael Stuermer, one of the leading German historian and political scientists. The article is called “USA-eine-neue-Weltordnung-schaffen-wollen.html">Wie die USA eine neue Weltordnung schaffen wollen“ (How is the USA determined to establish a new world order?).
The very headline alone makes people curious. The first few lines read that the Pentagon has to cut down its expenses and that the USA cannot and doesn’t want to bear the load of maintaining the existing world order on its own. These lines definitely cause controversial emotions. While some readers may feel joy because they are sick and tired of the USA’s selfish external policy and global domination, others may get concerned about a chaotic future without the last superpower.
Let’s have a closer look at this article…
Michael Stuermer on America’s Prospects
Michael Stuermer starts his article with a statement: The recent security conference in Munich, the US representatives warned their NATO allies that the USA had abandoned its ambitious global plans, thereby reversing its policy inside the abyss of domestic problems, including unemployment, budget deficit, public debt, healthcare and other issues.
The author provides a number of arguments and facts:
During the Libyan war, the USA only supported the UK and France (leadership from behind). The USA does not intervene in Mali. Barack Obama is not in a hurry to intervene in the Syrian conflict despite multiple urges. They say President Obama asked Israel to abstain from starting any military campaigns against Iran.
The author explains these steps by major changes in the country’s external policy.
He says Obama is determined to create the image of a peacemaker. It is not accidental that during his inauguration, President Obama said that the decade of wars was coming to an end. He is determined to keep America out of armed conflicts and to bring American soldiers back home.
Obama and his administration are determined to focus on “nation building” - from healthcare to infrastructure.
The military campaigns in Afghanistan and Iraq seriously exhausted the USA financially. Moreover, the Persian Gulf crisis and the conflict in the East China Sea showed us the limits of the American power.
Because of multiple financial and economic problems, the USA cannot stay in control of the entire word anymore. The superpower has to reconsider its priorities. The USA seems to have shifted its focus to the Asian-Pacific region as there is a new balance of powers being formed there. A conflict between Japan and China will get the USA involved in a disaster. That is why the USA urges its European allies to do what the USA cannot do alone.
Some Russian experts share Michael Stuermer ’s opinion on the matter. They say the USA is not the world’s leader anymore. Obviously, the USA still has no equal rivals in terms of economic and military power. But it cannot control the entire world on its own the way it used to be.
Even some of America’s allies become more independent in terms of their external policies. For example, France informed the USA about its intensions to intervene in Mali at the 11th hour.
We should also keep in mind that the global hatred for the USA keeps escalating. Now wonder if to consider the fact that over the last 200 years of its history, the USA managed to start some 260 wars and local armed conflicts al around the globe.
The USA’s leading position in the global economic and financial system is gradually declining as well. They say the Us Dollar will stay alive only until the entire world purchases US T-bonds and stores gold in American vaults while Russia and China keep delaying their decision to switch t another currency in international payments. However, Germany and other countries are trying to repatriate their gold stored in the USA while China and Russia keep increasing their gold reserves. Moreover, the EU is getting closer to a banking union. These and some other factors are capable of making the US Dollar collapse.
Therefore, experts say that the USA should focus on internal problems rather than external polices.
, Bloggers and Social Network Users on USA’s Prospects
According to Eugene Olkhovsky, ’s leading expert, it is too early to spell the death of the USA.
The world has still been suffering from the global crisis. However, most other currencies have been affected much seriously than the US Dollar. The Euro is weakened by the eurozone crisis caused by Greece, Spain , Italy, Portugal and other states. The British Pound is also weakened due to multiple problems in the UK economy and financial system. The Japanese Yen and the Swiss Franc are suffering from deflation. The problems of minor currencies are even bigger.
All the central banks around the globe can be considered as the local offices of the Federal Reserve. As the result we get American roller coaster or why the U.S.A. prospers while the rest world expects the default of the last super state.
The USA will stay strong until the press that prints the world’s major currency is located in the USA.
Therefore it is crucial to tell the real facts form somebody’s desire to stop the USA’s global hegemony.
According to , the continued quantitative easing conducted by the Fed may eventually force investor to move to Asia.
USD Index:
As for Michael Stuermer ’s article, the USA is not going to abandon its global hegemony. It is just offers European allies to help it keep the world under the US control.
