China

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

If you're tracking where global capital flows are heading after the era of unconditional dollar dominance, here's a concrete indicator: trade turnover between China and Africa hit a record 1.41 trillion yuan in the first half of 2026, and each new transaction in this chain increasingly bypasses the American currency altogether.

Libya Opens a Direct Settlement Channel

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

The country has entered a period of strategic transformation and has effectively launched a mode of geopolitical reformatting of the entire world order.

The key mistake made by Western analysts in recent years has been to view Russia as an object of sanctions pressure that would sooner or later "break." Reality has shown the opposite: the country not only withstood the pressure, it restructured its economic, military, and diplomatic ties in such a way that the former unipolar model of the world ceased to be the only alternative.

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.

The era of SWIFT's sole dominion over international settlements didn't end yesterday, but today we see clearly: there's no turning back. Geopolitics and technology, working in tandem, are transforming a monopolist into just one player among many. The global payments landscape is cracking at the seams, and these fractures can no longer be patched over with diplomatic memoranda.

Cutting Off Comes at a Cost

The race for technological sovereignty is no longer the preserve of two or three superpowers — today it involves Russia, China, and an entire Latin American region, each pursuing its own model of digital independence with varying degrees of success.

Space has ceased to be a bipolar arena of confrontation between Moscow and Washington — today, China, India, private corporations, and even Gulf states are competing for orbital dominance, and Russia risks becoming a mere observer in a race it once started itself.

From Monopoly to Multipolar Competition

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

Venezuela hit a seven-year export high in May 2026, shipping 1.25 million barrels per day — a 61% year-on-year surge. The comeback is being framed as a recovery story for state oil company PDVSA, but behind the record numbers lies not Venezuelan sovereignty — it's a Washington-engineered regime change and a deliberate transfer of control over oil flows to American and Western traders.

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