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The Dollar's Last Stand? Iran, China & the Collapse of US Hegemony | Silk and Steel
UK Column Radio · 9 ноября 2026 г. · 1 ч 27 мин
In this explosive discussion, Carl Zha joins Rasheed to examine how America's confrontation with Iran, China's growing economic influence, and the erosion of dollar dominance are reshaping the global balance of power. With Washington reportedly considering another round of military strikes against Iran, the consequences could extend far beyond the Middle East. From energy markets and shipping routes to inflation, international finance, and America's military credibility, the risks of escalation are growing. Carl explains why Iran's control over shipping through the Strait of Hormuz could have enormous implications for the global financial system, particularly if payments increasingly shift toward the Chinese yuan and away from the US dollar. But the challenges facing Washington don't stop there. China's dominance over rare earth minerals, critical manufacturing supply chains, and advanced industrial materials presents a major obstacle to American military ambitions. Can the United States really prepare for a confrontation with China when so much of its own military-industrial production depends on Chinese supply chains? The discussion also examines America's military strategy in Asia, the growing militarization of Japan and South Korea, the Taiwan conflict narrative, and why regional countries may be increasingly reluctant to become part of Washington's confrontation with Beijing. IN THIS EPISODE: • Is another US-Israeli military escalation against Iran coming? • Why the Strait of Hormuz could reshape global energy markets • Iran, yuan payments and the growing challenge to the petrodollar • Why China's currency is gaining influence in international trade • America's mounting national debt and the growing cost of servicing it • Could another Iran war trigger a devastating global economic shock? • Why American military planners are worried about China's rare earth dominance • The Pentagon's military leadership purge and America's military readiness • Why the US military-industrial complex depends on Chinese supply chains • America's strategy to militarize Japan, South Korea and the Asia-Pacific • The 2027 Taiwan conflict narrative: genuine threat or geopolitical fearmongering? • Why China may have more leverage over America's military ambitions than Washington admits THE BIGGER PICTURE Carl argues that the United States is increasingly struggling to maintain the three pillars of its global dominance: financial power, military superiority, and technological leadership. As China expands its economic and technological influence, and countries explore alternatives to the dollar-based financial system, Washington's attempts to preserve its position may be producing the opposite result. Is this the beginning of the end of American global hegemony? Watch the full discussion and decide for yourself.