Trump says the US is leaving the Gulf because it has won: the economic analysis that fails to convince
Is the United States withdrawing from the Persian Gulf because the mission is accomplished, or because the bill has become unpayable? Donald Trump's statement, dubbed "Sleepy" by his critics, has peine the debate about the real reason behind the withdrawal.
While the official narrative sells the pullout as a triumph, the capital flow data tell a different story. Central banks are reducing their exposure to US debt, which some interpret as a vote of no confidence in the dollar. "The figures don't reflect the stench of plague emanating from the dollar," argue skeptics. To this is added the military narrative: the claim that Iran's missile capabilities have already been neutralized, thus justifying the retreat.
But the uncomfortable question remains: if the victory is so clear, why does the exit look more like a flight than a victory parade? The irony of the world's most powerful country having to sell its withdrawal as an achievement says a lot about the state of its hegemony.
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