M. Brown

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.