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Megathread for the US war on Iran | Week 15 of 2026
(lemmygrad.ml)
This is a thread specifically for the war, not a general megathread (use the pinned /c/genzedong thread for that).
Please keep related news in this thread rather than making separate posts. Remember to include sources and avoid spreading rumours.
💰 🇺🇸 💵 The US Dollar now represents ~46% of global FX and gold reserves, the lowest in at least 26 years.
This percentage has declined -15 points since 2017.
Excluding gold, the US Dollar makes up 57% of global reserve currencies, the lowest since 1994, according to IMF data.
This comes as central banks have aggressively accumulated gold and diversified into other currencies.
The last time the US Dollar fell below 50% of global reserves was in 1990-1991, a period marked by elevated inflation, a recession, and a crisis of confidence in the US economy.
https://t.me/LebUpdate/59812
Do we think the US can recover from this crisis? When I look at how far neoliberal forces have bent the proles, I simply can't see how they can get an exit from this crisis. There's almost no alternate resource left to exploit.
I don't think it can. Heck, I don't think the global capitalist order in general can.
If you look at capitalism's primary contradiction, it's clear that capitalism as the dominant system won't make it past the 2060s at the latest, one way on an other. The imperial core is getting by from exploiting whatever former colonies they still have a grip on. And the global south is slowly but surely liberating itself. As soon as a majority of Africa manage to kick out western corporations and armies, Europe and the US will enter a final crisis they won't come back from.
There's a lot more exploiting to be done yet
I am starting to think that this topic deserves its own post in Genzedong so more comrades can discuss this 🤔
Will be great to have a discussion dedicated to this
There’s always good ole naked fascism - looking plump and juicy!