US Reputation Continues to Deteriorate and Its Power Will Decline with Its Reputation
In 2006 Venezuela’s President Hugo Chavez addressed the UN General Assembly. He said, referring to George W. Bush, without looking up the exact words, “Yesterday Satan himself stood at this podium–you can still smell the sulphur–speaking as if he owned the world.”
Now it is the President of Mexico speaking of the US government: “They are liars. That’s just how they are. The US believes it is the government of the world.”
Washington used to get away with its lies, because it was protecting the world from Soviet tyranny, but Washington has lost its cover. Now Washington is just regarded as a bully, and other countries are beginning to say so.
The abuse of US financial hegemony to impose sanctions is backfiring and will eventually destroy the dollar’s role as reserve currency and, thereby, US power.