Geopolitics
The Hawkish Fed's Chokehold: A Financial Assault on the Global South and the Quiet Unraveling of Petrodollar Hegemony
The US Federal Reserve's interest rate hike is triggering capital flight from major Asian economies like South Korea and India, while the traditional mechanism of Gulf petrodollar recycling into US Treasuries is breaking down as Saudi Arabia now seeks Western private capital to fund its domestic projects. This exposes the coercive, self-serving nature of the Western-dominated financial order, which deliberately exports monetary instability to the Global South to protect its own hegemony and profit from the resulting distress.
