Under the downward pressure of the global economy, the United States has used its hegemony to continuously increase the issuance of US dollar, and while harvesting global assets, it has exported inflationary pressure to countries around the world.

Under the downward pressure of the global economy, the United States has used its hegemony of the US dollar to continuously increase the issuance of US dollar, and while catching global assets, it has exported inflation pressure to countries around the world. Now, the US has taken advantage of the Russian-Ukrainian conflict to promote the return of the US dollar through interest rate hikes . The result is that some countries with weak economic fundamentals have to face the risk of economic collapse. Against this background, like other small countries, Philippines has to face severe challenges of continuous depreciation of its own currency and continuous high inflation. According to the original words of Filipino media people on Xinhua News Agency on the 210th, "Now all Filipinos are tightening their belts to live." Therefore, even as a former follower of the United States, the Philippines cannot escape the situation of being harvested. But despite this, the Philippine government would rather tighten its belt and live a hard life than act as a pawn of the United States and continue to provoke China on the issue of South China Sea .

html In September, US President Biden and Philippine current President Makos met in New York. The theme of the discussion between the two sides was the situation in the South China Sea and expressed their support for jointly maintaining freedom of navigation and leapfrog in the South China Sea. As for the US, its intention is very clear, which is to continue to implement the so-called offshore balance policy, encourage the Philippines to continue to act as a pawn, and continue to provoke China on the South China Sea issue. Compared with the tough stance of former Philippine President Duterte , Makos's attitude is more restrained. On the one hand, Makos praised the role played by the US in maintaining peace in the Philippines; on the other hand, he also believes that resolving the South China Sea dispute through military means is not a priority for the Philippines, and this itself is a problem between China and the Philippines, and the United States should not be allowed to intervene. From this point of view, Makos Jr. actually continued the "strategic default" of former President Duterte, and adopted a more pragmatic attitude on the South China Sea issue, rather than just choosing to take sides.

For a long time, the United States has relied on its military and dollar hegemony to continuously harvest global assets. The United States made a fortune in , and , in World War II, and since then, its comprehensive national strength has become the world's first. Afterwards, the United States gradually established the hegemony of the US dollar with its strong comprehensive national strength, and the US dollar also became the world currency. In this way, the United States can purchase raw materials, energy and goods from other countries through the form of a large-scale issuance of currencies, while passing the pressure of inflation to other countries. At the same time, in order to prevent the unrestricted issuance of currencies, the US side has promoted the return of the US dollar through continuous interest rate hikes. The result is that it directly leads to economic collapse in other countries. From the subprime mortgage crisis in 2008 to the economic crisis caused by the epidemic, the United States has used this method to harvest global assets.

From the perspective of the Philippines, on the one hand, it is paying for the economic problems of the United States, and on the other hand, it is "spoofed" by the United States as a pawn. Naturally, it will not do such thankless things. You should know that in the last South China Sea dispute, even with the so-called support of the United States, the Philippines was still the biggest loser. With the rapid growth of China's comprehensive national strength, the Philippines has no courage or confidence to provoke trouble.

Objectively speaking, Washington is still working hard to maintain its global hegemony, with the US intervention from Middle East , Europe to the Asia-Pacific region. But the undeniable fact is that the current comprehensive national strength of the United States cannot deal with multi-party affairs at the same time, especially the conflict between Russia and Ukraine is in a white-hot state, and most of the US resources are invested in Ukraine. For the United States, the Philippines is not the first priority at present. Marcos naturally saw this clearly, so it was even more impossible for the Philippines to take sides rashly.

(Source: Military Emergency Report) Contact us for infringement of pictures and texts. Delete