Jeffrey Sachs, Glenn Diesen: U.S. Economic Coercion & the Death of the Dollar, Iran, Venezuela, BRICS

by Glenn Diesen [2-11-2026].

(RAD: This is an excellent history lesson on how the US has used $dollar warfare against countries that the US doesn't like for whatever reason. Ever since the end of WW2, most of the world has had to use $dollars to transact international business via the SWIFT system. This has given the US incredible leverage against other countries.

The standard playbook is to destabilize the economy of another country, which causes unrest among the citizens. Then the CIA & State Department get involved in creating a color revolution to overthrow the government or get other desired concessions. This is exactly what has been done with Venezuela & Iran. The US always declares a fake "national emergency" in order to activate certain laws that allows them to act like the Mafia.

The BRICS nations, led by Russia & China, are developing an alternate payment system that is outside of banks that do any $dollar transactions. Over 90% of the trade between China & Russia is done with local currencies & other BRICS countries are following.

Trump directly ordered the crushing of the Iranian economy in order to prepare for regime change. Fortunately, Russia & China understand the significance of what Trump is trying to do & are helping Iran withstand Trump's warfare. This is also accelerating more BRICS countries to move away from the $dollar for transactions among themselves. — RAD)

Prof. Jeffrey Sachs discusses how coercive economic statecraft destabilizes the international system, and how it is ultimately self-defeating as the world learns to live without the US.