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How BRICS May Deliver Structural Shock To US Dollar System [zero hedge]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: zero hedge
How BRICS May Deliver Structural Shock To US Dollar System Authored by Pepe Escobar, The oligarchy that really controls the Empire of Chaos has hit the panic button, as the structural contours of Hegemony seriously wobble. The petrodollar is one of the key features of this Hegemony: a recycling machine channeling non-stop buying of US Treasuries then spent on Forever Wars . Any player even thinking of diversifying from this infernal machine is met with asset freezes, sanctions – or worse. At the same time, the Empire of Chaos cannot demonstrate raw power by bleeding itself dry in the black soil of Novorossiya. Dominance requires ever-expanding – plundered – resources, side by side with that non-stop printing of US dollars as a reserve currency to pay for astronomic bills. Additionally, borrowing from the world works as imperial financial containment of rivals. But now a choice becomes imperative – an inescapable structural constraint. Either keep astronomical spending on military domi Show less Read more
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