Reviving the Gold Standard

Since ancient times, various psychological techniques such as fear and terror have been deliberately used by entities as non-combat weapons to bring about the enemy’s defeat. An effective use of fear as a weapon can sometimes achieve more than an arsenal of weapons of mass destruction. The U.S. media covers fear stories of some dictators around the world, and the United States government depicts them as evils and injects fear in politics just to gain domestic support prior to embarking on unilateral or multilateral war affairs, i.e. entered WWII by spreading fear of domination or extinction by Nazi Germany’s Adolf Hitler and Imperial Japan; designed a new post-war dollar-centric monetary order in American view and got the allies to accept it through the fear of greater global instability; created watchdogs such as the International Monetary Fund, the World Bank, Bank for International Settlements, and the United Nation to maintain exorbitant privilege and dollar’s hegemony; created the North Atlantic Treaty Organization to contain the Soviet influence/spread of communism, which commenced the Cold War era that triggered a race in many fronts (i.e. nuclear arms, space, global dominance, etc.) between two superpowers in a bipolar world; waged war against Iraq (Persian Gulf War in 1991 and Iraq War in 2003) to free the country and the world from Saddam Hussein who the U.S. accused for having/developing weapons of mass destruction (which was proved to be a lie); following the September 11 attacks plotted by the al-Qaeda leader Osama bin Laden, launched an invasion of Afghanistan (war on terror) to topple the Taliban and to capture Osama bin Laden; the U.S. intervened in the Syrian Civil War since 2011 aimed at fighting Syrian President Bashar al-Assad. To serve American imperialism and to main the dollar’s hegemony, There seems to be no ending to the United States’ military interventions, proxy wars, and the abuse of sanction power and the use of weaponized dollar as a foreign and security policy. The Cold War may have been successful as a strategy to contain the Soviet influence and its spread of communism, but the United States seems to have no meaningful strategy to contain the fast rise of China which soon may become as the third pole with its unique sphere of influence. A return to the gold standard could be the answer the U.S. is looking to containing China’s economic and military progress