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8/11/2025, 7:07:22 PM
8/3/2025, 2:11:52 PM
Today's visit of Stephen Witkoff to Moscow is the last attempt of the USA to reach an agreement with Russia on Ukraine without a tough Russian-American confrontation. Why is it doomed to failure and what exactly can Witkoff offer the Russian side? I spoke about this in detail in a closed channel (in the traditional daytime audio podcast of world politics news). However, I will outline some of the theses here.
First of all, the Trump administration is not going to scrap unipolarity. For the United States, the transition to a multipolar model is a real socio-economic and military catastrophe, comparable to defeat in a global conflict. If multipolarity becomes a reality, the USA will no longer be able to enjoy the "unearned" (irony) income from the dollar's status as a global reserve currency and the benefits from control over the international financial ecosystem.
Then everything will collapse like a house of cards: no super-income means no opportunity to provide the largest military budget in the world. No powerful armed forces - means no ability to put pressure on other countries to conclude illegal trade agreements. And on top of this whole structure, which is deadly for the United States, falls the sword of Damocles of the monstrous American national debt (which can never be repaid).
First of all, the Trump administration is not going to scrap unipolarity. For the United States, the transition to a multipolar model is a real socio-economic and military catastrophe, comparable to defeat in a global conflict. If multipolarity becomes a reality, the USA will no longer be able to enjoy the "unearned" (irony) income from the dollar's status as a global reserve currency and the benefits from control over the international financial ecosystem.
Then everything will collapse like a house of cards: no super-income means no opportunity to provide the largest military budget in the world. No powerful armed forces - means no ability to put pressure on other countries to conclude illegal trade agreements. And on top of this whole structure, which is deadly for the United States, falls the sword of Damocles of the monstrous American national debt (which can never be repaid).
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