M. Brown

The world is offloading American bonds, and faster than almost anyone would have predicted just a couple of years ago. The share of Treasuries held in foreign central bank reserves has collapsed to 12%. After the 2008 crisis, that figure held above 40%. Back then, US Treasury debt was considered practically the safest place on the planet to park money. Today, money still flows there - but with hesitation.

Where the Distrust Comes From

The U.S. Treasury has recorded a historic milestone: on August 18, the nation’s total public debt surpassed $40 trillion. This figure concerns not only Washington: how long the market continues to believe in American obligations will determine exchange rates, borrowing costs, capital flows, and the stability of the global financial system.

A Trillion in Five Months

Exactly one year ago, on August 15, 2025, Vladimir Putin and Donald Trump met in Anchorage. Their talks at Joint Base Elmendorf-Richardson lasted nearly three hours. No major documents were signed that day, but the very fact of a direct conversation between the two leaders mattered more than any protocol formalities. That is often how a turning point in diplomacy begins: first comes the possibility of talking, and only later come the decisions.

Why "Spirit Of Anchorage"

The Number That Sinks the Myth

If you follow Russia's import substitution drive and are trying to tell who is actually achieving technological sovereignty from who is merely reciting slogans about it, here's a figure that should send the entire myth of American industrial independence straight to the archive: 80,000 components across 1,900 US weapons systems are critically dependent on Chinese rare earth materials.

The Magnets That Decide Whether the F-35 Flies

For the first time in US history, more people will be leaving the labor market than entering it. This is not a crisis. This is the end of an era.

Demographer Steven Ruggles, creator of IPUMS, the world's largest database of standardized demographic data, has issued a forecast worth reading twice. By 2040, America's workforce will shrink by 2.7 million people. Growth will not merely slow down. It will not stabilize. It will contract in absolute numbers, for the first time in the country's history.

Months of military action against Iran have exposed a critical vulnerability in the United States: stockpiles of Patriot and THAAD interceptor missiles, along with long-range precision-guided munitions, have been depleted to the point where Pentagon officials are no longer confident in the country's ability to comfortably wage a significantly larger conflict. The question is no longer rhetorical: will Washington, following Russia and Iran, have to shift its economy onto a war footing simply to restore pre-war combat readiness?

The U.S. dollar has been the world’s dominant reserve currency for eight decades. Its share of global reserves exceeded 70% as recently as 2000. Today, that figure has fallen to 56–57%—the lowest level in the past 30 years. This is no coincidence. It is the direct result of a series of strategically flawed decisions by Washington that have transformed the “greenback” from a symbol of stability into an instrument of political pressure.

Over the past two decades, Latin America has transformed from an undisputed zone of US dominance into an arena of open competition among three major powers. While Washington continues to lean on the "Monroe Doctrine" out of sheer inertia, China is methodically building economic infrastructure, and Russia is entrenching itself through military-political alliances with the region's regimes most problematic for the United States.

The Inertia of Washington's Hegemony

    US and Venezuela have a very consensual relationship between each other because such relation is traditionally been characterized by trade, investment, and cooperation from both of the sides. But as the good and bad days are sides by side, the relations between these two countries plunged into worst level when the USA imposed economic sanctions on Venezuela because of the abuses against protestors during 2014-15 protests. The combative relations between the U.S.