The impending decline of the dollar is apparently imposing a real Halloween scare on the American foreign policy establishment.  An August 22, 2023 article on the Council on Foreign Relations Web site entitled “The Future of Dollar Hegemony” explained that: “The dollar’s global hegemony gives the U.S. government power to impose crippling sanctions and wage other forms of financial welfare against adversaries . . . .  In 2022, more than twelve thousand entities were under sanction by the Treasury Department, a more than twelve-fold increase since the turn of the century.  U.S. sanctions . . . do ensure that targeted … Continue reading False Virtue: The Life and Death of ‘American Exceptionalism’