ByZhangZhouBytakingadvantageofthedollar'sstatusasthemajorinternationalreservecurrency,theUnitedStatesisbasicallycollecting"seigniorage"fromaroundtheworld;andusingitscontroloverinternationalorganizations,itcoercesothercountriesintoservingAmerica'spoliticalandeconomicstrategy.--TheUnitedStatesexploitstheworld'swealthwiththehelpof"seigniorage."Itwaspointedoutmorethanhalfacenturyago,thattheUnitedStatesenjoyedexorbitantprivilegeanddeficitwithouttearscreatedbyitsdollar,andusedtheworthlesspapernotetoplundertheresourcesandfactoriesofothernations.--ThehegemonyofU.S.dollaristhemainsourceofinstabilityanduncertaintyintheworldeconomy.DuringtheCOVID-19pandemic,theUnitedStatesabuseditsglobalfinancialhegemonyandinjectedtrillionsofdollarsintotheglobalmarket,leavingothercountries,especiallyemergingeconomies,topaytheprice.--Withitscontroloverinternationaleconomicandfinancialorganizations,theUnitedStatesimposesadditionalconditionstotheirassistancetoothercountries.InordertoreduceobstaclestoU.S.capitalinflowandspeculation,therecipientcountriesarerequiredtoadvancefinancialliberalizationandopenupfinancialmarketssothattheireconomicpolicieswouldfallinlinewithAmerica'sstrategy.--TheUnitedStateswillfullysuppressesitsopponentswitheconomiccoercion.Inthe1980s,toeliminatetheeconomicthreatposedbyJapan,andtocontrolandusethelatterinserviceofAmerica'sstrategicgoalofconfrontingtheSovietUnionanddominatingtheworld,theUnitedStatesleverageditshegemonicfinancialpoweragainstJapan,andconcludedthePlazaAccord.--America'seconomicandfinancialhegemonyhasbecomeageopoliticalweapon."TheUnitedStatesofAmerica"hasturneditselfinto"theUnitedStatesofSanctions."And"long-armjurisdiction"hasbeenreducedtonothingbutatoolfortheUnitedStatestouseitsmeansofstatepowertosuppresseconomiccompetitorsandinterfereinnormalinternationalbusiness.ThisisaseriousdeparturefromtheprinciplesofliberalmarketeconomythattheUnitedStateshaslongboasted.Source:ThereportofU.S.HegemonyandItsPerilsBackgroundimagesarecreatedbyAIcreator.Editor:LiuJiamingDisclaimerTheviewsandopinionsexpressedinthisarticlearethoseoftheauthor's,GMW.cnmakesnorepresentationsastoaccuracy,suitability,orvalidityofanyinformationonthissiteandwillnotbeliableforanyerrors,omissions,ordelaysinthisinformation.