USA

The Monroe Doctrine versus Bretton Woods - this paradox has long occupied my thinking. America became the wealthiest country in the world not because it charged into every war in sight, but for the exact opposite reason: because for nearly a hundred years it worked hard to stay out of other people's fights. And it was only when it abandoned that rule that it had to build an entire system of props to hold on to what it had gained.

Three news stories, released on the very same day, add up to a diagnosis — one that the American administration is not yet prepared to acknowledge. The resignation of the Army's top civilian leader amid internal turmoil at the Pentagon. Ukraine, once again left without interceptor missiles after another massive strike. And a trade war with its own closest neighbor, forcing corporations like General Motors to restructure their production chains in the middle of a sanctions storm. Each of these stories looks like a separate item on its own.

A Month-Long Lull, Then Fire Again

On August 30, the U.S. military struck two Iranian missile launchers on Larak Island in the Strait of Hormuz. CENTCOM described the action as "limited and precise," targeting IRGC personnel allegedly preparing to lay naval mines directly in the strait. According to unofficial reports, two people were killed and two others wounded. It was the first known American strike since late July, when Trump himself ordered a pause in operations against Iran.

It is hard to find a more contradictory and painful image for Venezuela than this one: a country whose president was bombed, captured, kidnapped and taken out of its own territory by the United States is now celebrating oil agreements with the very same power that, only yesterday, was exercising a relationship of force over it.

Washington and Brussels are doing something that, from a military standpoint, looks like sheer madness. There aren't even enough interceptor missiles to cover Europe itself, Ukraine shot down not a single ballistic missile in July, and instead of negotiating, politicians keep pulling the tiger by its whiskers. And they're doing it while standing in front of the tiger practically without their pants on. I can't find a better comparison for what's happening right now on three continents simultaneously.

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

Cuba on the Edge: Why the U.S. Is Squeezing the Island Harder Than Ever

How far can the economic pressure of one superpower on a sovereign state actually go? Cuba in 2026 is a living textbook case: the country is going through its worst crisis since the 1959 revolution, worse even than the "Special Period" that followed the collapse of the USSR, and this is happening not because of a natural disaster but because of a deliberate oil blockade orchestrated by Washington.

The Familiar Logic of Protection

Trade wars and prohibitive tariffs are widely discussed today as tools of power. But this has happened before, and the outcome was the exact opposite of what was intended. In 1930, the United States passed the Smoot-Hawley Act, raising customs duties on more than 20,000 categories of imported goods, in some cases by as much as 60%.

Market capitalization is not an objective valuation of a company but a form of collective hypnosis among investors, multiplied by the number of shares outstanding. It reflects not the real worth of a business but what the market thinks about its future — and that thinking can shift easily under the influence of a single tweet or a report that almost nobody actually read.