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As trust in the US falls, countries want their gold back

Has the US turned into a global freebooter? Credit: Getty

July 12, 2023 - 7:00am

With much talk of new trade deals being denominated in yuan and investors looking for alternatives to the greenback as a reserve currency, a recent survey of central bankers and sovereign wealth fund managers provides new insight into the politics of the global economy.

Published this week, the annual Invesco Global Sovereign Asset Management Study showed respondents looking more favourably on gold, reflecting the precious metal’s long-held status as a safe asset in times of inflation, market volatility and geopolitical uncertainty. More striking than the shift to gold, however, was central banks reporting that they are repatriating gold reserves from abroad — with 68% of countries keeping gold reserves at home in 2022, compared with 50% in 2020. While the price of gold may wax and wane, the fact that central banks are bringing gold home suggests that a less tangible and perhaps ultimately more precious global asset — trust — is also growing scarce.

As with the slowly ebbing status of the dollar as the world’s reserve currency, the repatriation of gold has the same origin: the US-led seizure of nearly half of Russia’s $640 billion reserves of foreign exchange held abroad, inflicted as punishment for Moscow’s invasion of Ukraine last year. Since then, the idea of using Russian assets to pay for Ukrainian reconstruction has even been raised.

Whatever one’s view of the course of the Ukraine war or the depravity of Vladimir Putin, the repatriation of the world’s gold reserves shows that this war is having significant long-term effects that go far beyond Eastern Europe. If central banks no longer trust other (read: Western) states to hold stocks of their precious metal, it suggests that countries around the world increasingly see the US as a global freebooter rather than as the sheriff for global capitalism. As with the status of the dollar, the shifting balance of the world’s gold reserves underscores just how much of global capitalism depends on an ethereal political faith in the stable functioning of the US state.

Given how important American stewardship of the global economy has been to maintaining its hegemony, it is worth asking why the US froze Russian assets. Why did the US risk its own position as imperial arbiter of the global economy? For all that the Americans might be expected to respond to the Russian invasion of a Western ally, it is not difficult envisage that they could nonetheless have fended off demands to freeze Russian assets. They could have cited any number of reasons to justify such a policy — the necessity to preserve the market, global capitalism, the rules-based order, or whatever — in public, and perhaps more sotte voce, explained the need to preserve the status of the greenback in private.

In any case, as we now know, the sanctions have done little to impede Putin’s war machine. The fact that the US decided to treat Russia — an industrialised, nuclear-armed major power and primary commodity exporter — as if it were Libya, or Serbia, or Iraq indicates not only a total lack of strategic foresight in Washington DC, but also a lack of understanding of the basis of US global supremacy.

What the repatriation of the gold reserves and the slow grinding processes of de-dollarisation indicate is that unipolarity is ultimately incompatible with the smooth functioning of a global capitalist economy. While global capitalism has been synonymous with American influence and power for the last 30 years, if not since the end of the Second World War, a new and more multipolar era reminds us that capitalism is bigger than the fortunes of any single state. The question for the rest of us is: what will we make of capitalism in an era in which the US no longer leads it?


Philip Cunliffe is Associate Professor of International Relations at the Institute of Risk and Disaster Reduction, University College London. He is author or editor of eight books, as well as a co-author of Taking Control: Sovereignty and Democracy After Brexit (2023). He is one of the hosts of the Bungacast podcast.

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Charles Stanhope
Charles Stanhope
1 year ago

How on earth anyone can EVER trust the US again, after the abomination that was the Iraq War is completely beyond me.

In the spirit of fair play, exactly the same goes for the UK, thanks to the wretched Blair creature and all those degenerate MPs who supported him, to their and OUR eternal shame.

Arthur G
Arthur G
1 year ago

Oh please. In the league tables of global misadventures, Iraq was a 3rd division affair. The English did something worse in Ireland, Scotland, or Wales every 50 years or so, for 1,000 years. China is committing two or three far worse crimes as we speak.

Last edited 1 year ago by Arthur G
Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Arthur G

I disagree.
Bush & Blair (B/B) behaved like Stalin or Hitler* (H/S) over the completely spurious WMD justification for assaulting Iraq. By rights they should both be hanged.

As to ‘our’ misdemeanours in Ireland, Scotland, or even Wales, what on earth are you referring to?

As for the Chinks, they don’t really count do they.

(* In fact H/S had a better justification for attacking Poland than either B/B had for attacking Iraq.)

Last edited 1 year ago by Charles Stanhope
Friendly
Friendly
1 year ago

Poland is not a pink sheep at all, she was good friends with Hitler and participated with him in the division of the Czech lands until Poland itself was divided between Hitler and Stalin. But Stalin had reasons for that, he tried to enlist the support of England and France against Hitler, but they decided – no, let the Soviet Union and Germany cut their throats, and we will look from the side. Therefore, in order to gain time and prepare the country for the German invasion, which was inevitable, Stalin had to conclude a non-aggression pact, which is referred to as the “Molotov and Ribentrop Pact” and which they blame the USSR and Stalin, and do not recognize their nasty role in that story English and French.

Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Friendly

The Poles were rather inept it must be said.

Given the proximity of both the USSR and Germany would the UK and France really have been capable of reacting in time? A classic case of ‘wishfully thinking’ I’m afraid.

Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Friendly

The Poles were rather inept it must be said.

Given the proximity of both the USSR and Germany would the UK and France really have been capable of reacting in time? A classic case of ‘wishfully thinking’ I’m afraid.

Friendly
Friendly
1 year ago

Poland is not a pink sheep at all, she was good friends with Hitler and participated with him in the division of the Czech lands until Poland itself was divided between Hitler and Stalin. But Stalin had reasons for that, he tried to enlist the support of England and France against Hitler, but they decided – no, let the Soviet Union and Germany cut their throats, and we will look from the side. Therefore, in order to gain time and prepare the country for the German invasion, which was inevitable, Stalin had to conclude a non-aggression pact, which is referred to as the “Molotov and Ribentrop Pact” and which they blame the USSR and Stalin, and do not recognize their nasty role in that story English and French.

Jim Bocho
Jim Bocho
1 year ago
Reply to  Arthur G

Have you been watching Mel Gibson movies?

Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Arthur G

Have you flagged my reply by any chance?

As @ 18:17, BST, I assume that is a YES.

As @ 1700 BST.

Last edited 1 year ago by Charles Stanhope
David Walters
David Walters
1 year ago
Reply to  Arthur G

This is a staggeringly ignorant comment that insults us non-English Brits. Take your patronising identitarian delusions and forcibly reinsert them from where they emerged.

Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Arthur G

I disagree.
Bush & Blair (B/B) behaved like Stalin or Hitler* (H/S) over the completely spurious WMD justification for assaulting Iraq. By rights they should both be hanged.

As to ‘our’ misdemeanours in Ireland, Scotland, or even Wales, what on earth are you referring to?

As for the Chinks, they don’t really count do they.

(* In fact H/S had a better justification for attacking Poland than either B/B had for attacking Iraq.)

Last edited 1 year ago by Charles Stanhope
Jim Bocho
Jim Bocho
1 year ago
Reply to  Arthur G

Have you been watching Mel Gibson movies?

Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Arthur G

Have you flagged my reply by any chance?

As @ 18:17, BST, I assume that is a YES.

As @ 1700 BST.

Last edited 1 year ago by Charles Stanhope
David Walters
David Walters
1 year ago
Reply to  Arthur G

This is a staggeringly ignorant comment that insults us non-English Brits. Take your patronising identitarian delusions and forcibly reinsert them from where they emerged.

jane baker
jane baker
1 year ago

Sadly true.

Arthur G
Arthur G
1 year ago

Oh please. In the league tables of global misadventures, Iraq was a 3rd division affair. The English did something worse in Ireland, Scotland, or Wales every 50 years or so, for 1,000 years. China is committing two or three far worse crimes as we speak.

Last edited 1 year ago by Arthur G
jane baker
jane baker
1 year ago

Sadly true.

Charles Stanhope
Charles Stanhope
1 year ago

How on earth anyone can EVER trust the US again, after the abomination that was the Iraq War is completely beyond me.

In the spirit of fair play, exactly the same goes for the UK, thanks to the wretched Blair creature and all those degenerate MPs who supported him, to their and OUR eternal shame.

polidori redux
polidori redux
1 year ago

This struck me as soon as financial sanctions were imposed on Russia. No matter how justified it appeared to be, it’s a trick that you can only pull once.

Jim McDonnell
Jim McDonnell
1 year ago
Reply to  polidori redux

Even before this happened the behavior of so many of my fellow Americans made it impossible for me to tell anyone that trusting the United States was a safe thing to do. The fact that Trump got more votes in 2020 than he got in 2016, his standing in the polls even now, the transformation of the Republican Party into a personality cult whose only agenda beyond adherence to the Fuehrerprinzip is to make liberals cry (which is way too easy) – I could go on and on. Suffice to say that the possibility of Trump getting back into the White House and his acolytes taking over both chambers of Congress frightens and depresses me and I can’t blame people in other countries for being nervous about us.

Last edited 1 year ago by Jim McDonnell
Jim Bocho
Jim Bocho
1 year ago
Reply to  Jim McDonnell

It’s Biden and the Democrats that the world is terrified of, not Trump.

Friendly
Friendly
1 year ago
Reply to  Jim McDonnell

Trump is the only president who hasn’t started another war. That’s the only thing he’s become famous for. America is a terrorist state, where America is pain, death and destruction. Your state has long been controlled by your military-industrial complex and lives on it. Having destroyed another country in the name of “democracy” and plundered, you immediately look for a new victim and allegedly whose dictator you can kill. The world tells you enough is enough, you are not hated and despised.

David Walters
David Walters
1 year ago
Reply to  Jim McDonnell

Yet the issues in this piece are about decisions of the Biden administration.

jane baker
jane baker
1 year ago
Reply to  David Walters

Seeing as the old guy is gaga shouldn’t we know the names and identities of all the committees and their constituent members who are actually making the decisions. Name and Shame.

jane baker
jane baker
1 year ago
Reply to  David Walters

Seeing as the old guy is gaga shouldn’t we know the names and identities of all the committees and their constituent members who are actually making the decisions. Name and Shame.

Michael Layman
Michael Layman
1 year ago
Reply to  Jim McDonnell

Which Presidency had the most geo-political stability-Trump or Biden? There lies your answer.

Jim Bocho
Jim Bocho
1 year ago
Reply to  Jim McDonnell

It’s Biden and the Democrats that the world is terrified of, not Trump.

Friendly
Friendly
1 year ago
Reply to  Jim McDonnell

Trump is the only president who hasn’t started another war. That’s the only thing he’s become famous for. America is a terrorist state, where America is pain, death and destruction. Your state has long been controlled by your military-industrial complex and lives on it. Having destroyed another country in the name of “democracy” and plundered, you immediately look for a new victim and allegedly whose dictator you can kill. The world tells you enough is enough, you are not hated and despised.

David Walters
David Walters
1 year ago
Reply to  Jim McDonnell

Yet the issues in this piece are about decisions of the Biden administration.

Michael Layman
Michael Layman
1 year ago
Reply to  Jim McDonnell

Which Presidency had the most geo-political stability-Trump or Biden? There lies your answer.

Jim McDonnell
Jim McDonnell
1 year ago
Reply to  polidori redux

Even before this happened the behavior of so many of my fellow Americans made it impossible for me to tell anyone that trusting the United States was a safe thing to do. The fact that Trump got more votes in 2020 than he got in 2016, his standing in the polls even now, the transformation of the Republican Party into a personality cult whose only agenda beyond adherence to the Fuehrerprinzip is to make liberals cry (which is way too easy) – I could go on and on. Suffice to say that the possibility of Trump getting back into the White House and his acolytes taking over both chambers of Congress frightens and depresses me and I can’t blame people in other countries for being nervous about us.

Last edited 1 year ago by Jim McDonnell
polidori redux
polidori redux
1 year ago

This struck me as soon as financial sanctions were imposed on Russia. No matter how justified it appeared to be, it’s a trick that you can only pull once.

Darryl Clark
Darryl Clark
1 year ago

This all indicates ‘end of empire’ for the US. Weaponising SWIFT was a stupid move by the US. It’s forced Russia and China to create an equivalent out of the clutches of the US. The same happened when OPEC played their games in the 1970s, and forced nations not to be dependent on another. History repeating itself as always.

Ticiba Upe
Ticiba Upe
1 year ago
Reply to  Darryl Clark

Well…this regime of incompetents and social misfits and the rest of the primarily Democrats and establishment Republicans cannot walk the cat forward to see the logical conclusion of their actions. It is typical.

Warren Trees
Warren Trees
1 year ago
Reply to  Ticiba Upe

As Biden’s former boss once said, “Do not underestimate Joe’s ability to F**K things up.”

Warren Trees
Warren Trees
1 year ago
Reply to  Ticiba Upe

As Biden’s former boss once said, “Do not underestimate Joe’s ability to F**K things up.”

Ticiba Upe
Ticiba Upe
1 year ago
Reply to  Darryl Clark

Well…this regime of incompetents and social misfits and the rest of the primarily Democrats and establishment Republicans cannot walk the cat forward to see the logical conclusion of their actions. It is typical.

Darryl Clark
Darryl Clark
1 year ago

This all indicates ‘end of empire’ for the US. Weaponising SWIFT was a stupid move by the US. It’s forced Russia and China to create an equivalent out of the clutches of the US. The same happened when OPEC played their games in the 1970s, and forced nations not to be dependent on another. History repeating itself as always.

Ticiba Upe
Ticiba Upe
1 year ago

Decent article except for referring to Putin as “depraved”. Right now, with a few exceptions, he is the only adult in the room of world leaders. Russia could have had a hawk like Medvedev as president instead of a pragmatic moderate like Putin. Anyone who doesn’t know that needs to expand their sources.

Ticiba Upe
Ticiba Upe
1 year ago

Decent article except for referring to Putin as “depraved”. Right now, with a few exceptions, he is the only adult in the room of world leaders. Russia could have had a hawk like Medvedev as president instead of a pragmatic moderate like Putin. Anyone who doesn’t know that needs to expand their sources.

Steve White
Steve White
1 year ago

Will there be a dumping of, and then discountiing of US tresury bonds from central banks in the future? If that happens, the USD will collapse.

Arthur G
Arthur G
1 year ago
Reply to  Steve White

The could try, but the US could also repudiate the debt held by countries it deems to be acting in concert against it. It’s a MAD scenario, that no one is going to play with.
Remember, when you owe the bank $1M, the bank owns you. When you owe the bank $1B, you own the bank.

Steve White
Steve White
1 year ago
Reply to  Arthur G

What if the Biden admin is planning on defaulting on the 33 trillion in US debt?

Steve White
Steve White
1 year ago
Reply to  Arthur G

What if the Biden admin is planning on defaulting on the 33 trillion in US debt?

Arthur G
Arthur G
1 year ago
Reply to  Steve White

The could try, but the US could also repudiate the debt held by countries it deems to be acting in concert against it. It’s a MAD scenario, that no one is going to play with.
Remember, when you owe the bank $1M, the bank owns you. When you owe the bank $1B, you own the bank.

Steve White
Steve White
1 year ago

Will there be a dumping of, and then discountiing of US tresury bonds from central banks in the future? If that happens, the USD will collapse.

Su Mac
Su Mac
1 year ago

The gold backed BRICS currency tbc at end August is likley to b a game changer. What will USA and central banks do between now and August…

Ticiba Upe
Ticiba Upe
1 year ago
Reply to  Su Mac

My understanding is that it will be commodity backed but not necessarily gold backed and will, at least for now, be used for international trade. Unlike the euro, at this time, my understanding that there will be no physical currency.,.all digital.

Ticiba Upe
Ticiba Upe
1 year ago
Reply to  Su Mac

My understanding is that it will be commodity backed but not necessarily gold backed and will, at least for now, be used for international trade. Unlike the euro, at this time, my understanding that there will be no physical currency.,.all digital.

Su Mac
Su Mac
1 year ago

The gold backed BRICS currency tbc at end August is likley to b a game changer. What will USA and central banks do between now and August…

Cassander Antipatru
Cassander Antipatru
1 year ago

The modern world seems to be hostile to the concept of trade-offs, and given that the argument against seizing Russian gold reserves was ultimately a trade-off based argument (“Sure, it will damage Russia’s war effort, but it will also have long-term negative effects on the global economic order and on the US’ hegemonic status”), it’s not surprising that American leaders went ahead and did it.

Cassander Antipatru
Cassander Antipatru
1 year ago

The modern world seems to be hostile to the concept of trade-offs, and given that the argument against seizing Russian gold reserves was ultimately a trade-off based argument (“Sure, it will damage Russia’s war effort, but it will also have long-term negative effects on the global economic order and on the US’ hegemonic status”), it’s not surprising that American leaders went ahead and did it.

David Barnett
David Barnett
1 year ago

London has a similar problem both re finance and as a venue for arbitrating disputes. Our mid-wit rulers take for granted the utility of a reputation for propriety and fair play that took a couple of centuries to build, and have been eroding it for years with regime-serving rule changes and arbitrary decision making.
Unless we change course soon, I predict that London will become a backwater on the edge of a decrepit Europe. And then where will be our much vaunted world-servicing economy?

David Barnett
David Barnett
1 year ago

London has a similar problem both re finance and as a venue for arbitrating disputes. Our mid-wit rulers take for granted the utility of a reputation for propriety and fair play that took a couple of centuries to build, and have been eroding it for years with regime-serving rule changes and arbitrary decision making.
Unless we change course soon, I predict that London will become a backwater on the edge of a decrepit Europe. And then where will be our much vaunted world-servicing economy?

Arthur G
Arthur G
1 year ago

The question is not, do nations trust the US. It’s who can they trust more? Does anyone seriously believe China is more trustworthy?

Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Arthur G

In other words ‘the lesser of two evils’.

Jim Bocho
Jim Bocho
1 year ago
Reply to  Arthur G

Apart from its European vassals very few countries consider the US trustworthy.

Friendly
Friendly
1 year ago
Reply to  Arthur G

China, unlike the Americans, has not attacked any country in its entire history, except for a few small border conflicts over the past century with India, the USSR and Vietnam. And liberals of all stripes make a horror story out of him, whose hands are up to their elbows in blood.

Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Friendly

What about Tibet?

ps. Making an absolutely idiotic remark such as : “China, unlike the Americans, has not attacked any country in its entire history “ completely invalidates anything else you may have to say.

In fact it makes you sound like an all too obvious Chinese stooge, does it not?

Last edited 1 year ago by Charles Stanhope
Friendly
Friendly
1 year ago

Tibet belongs to China since 1950, you have nothing more to tell?
China, in comparison with the United States, is just angels, these are all invasions, wars and changes of governments that took place under the strict guidance of the United States in the name of “democracy”, which has long been absent even in the United States itself.
1622 Indians attacked at Jamestown.
1635-1636 – War with the Algoquin Indians in New England.
1675-1676 – the Indian War, which ended with the destruction of almost half of the cities in Massachusetts.
1792 – War to seize Kentucky.
1796 – Tennessee War.
1797-1800 – Pirate attacks on French civilian ships.
1800 – Slave rebellion led by Gabriel Prosser in Virginia. About a thousand people were hanged, including Prosser himself. The slaves themselves did not kill a single person.
1803 – War for the capture of Ohio.
1803 – Louisiana War.
1805-1815 – War in Africa for US rule to distribute drugs in the world.
1806 – attempted American invasion of the Rio Grande (then – Spanish possession).
1810 Spanish invasion of West Florida.
1812-1814 – war with England, invasion of Canada.
1812 – Spanish occupation of the west.
1813 – the capture of the Spanish Bay of Mobile, the occupation of the Marquesas Islands.
1814 – the occupation of the Spanish Pensacola.
1816 – attack on Fort Nichols in Spanish Florida.
1817-1819 Occupation of East Florida.
1824 – invasion of the Puerto Rican city of Fajardo.
1824 – American landing in Cuba.
1833 – invasion of Argentina.
1835 – the capture of Mexican Texas.
1835 – invasion of Peru.
1840 – Invasion of Fiji.
1841 – genocide on the island of Upolu (Drummond).
1843 – invasion of China.
1846-1848 – war with Mexico.
1846 – aggression against New Granada (Colombia).
1849 – shelling of Indochina.
1852 – invasion of Argentina.
1853-1856 – invasion of China.
1853 – invasion of Argentina and Nicaragua.
1854 – the destruction of the Nicaraguan city of San Juan del Norte.
1854 – attempt to capture the Hawaiian Islands.
1855 – invasion and coup in Nicaragua.
1855 – Invasion of Fiji and Uruguay.
1856 – invasion of Panama.
1858 – intervention in Fiji, genocide.
1858 – invasion of Uruguay.
1859 – attack on the Japanese fort Taku.
1859 – invasion of Angola.
1860 – invasion of Panama.
1863 – punitive expedition to Shimonoseki (Japan).
1864 – military expedition to Japan.
1865 – invasion of Paraguay, genocide, 85% of the population destroyed.
1865 – intervention in Panama, coup d’état.
1866 – attack on Mexico.
1866 – punitive expedition to China.
1867 Attack on the Midway Islands.
1868 – Multiple invasions of Japan.
1868 – Invasion of Uruguay and Colombia.
1874 – the entry of troops into China and Hawaii.
1876 – invasion of Mexico.
1878 – attack on Samoa.
1882 – the entry of troops into Egypt.
1888 – attack on Korea.
1889 – punitive expedition to Hawaii.
1890 – the introduction of troops into Haiti.
1890 – the introduction of troops into Argentina.
1891 – intervention in Chile.
1891 – punitive expedition to Haiti.
1893 – the introduction of troops into Hawaii, the invasion of China.
1894 – intervention in Nicaragua.
1894-1896 – invasion of Korea.
1894-1895 – war in China.
1895 – invasion of Panama.
1896 – invasion of Nicaragua.
1898 – the capture of the Philippines, genocide (600,000 Filipinos).
1898 – invasion of the port of San Juan del Sur (Nicaragua).
1898 – the capture of the Hawaiian Islands.
1899-1901 – war with the Philippines.
1899 – invasion of the Nicaraguan port of Bluefields.
1901 – the entry of troops into Colombia.
1846 – aggression against New Granada (Colombia).
1849 – shelling of Indochina.
1852 – invasion of Argentina.
1853-1856 – invasion of China.
1853 – invasion of Argentina and Nicaragua.
1854 – the destruction of the Nicaraguan city of San Juan del Norte.
1854 – attempt to capture the Hawaiian Islands.
1855 – invasion and coup in Nicaragua.
1855 – Invasion of Fiji and Uruguay.
1856 – invasion of Panama.
1858 – intervention in Fiji, genocide.
1858 – invasion of Uruguay.
1859 – attack on the Japanese fort Taku.
1859 – invasion of Angola.
1860 – invasion of Panama.
1863 – punitive expedition to Shimonoseki (Japan).
1864 – military expedition to Japan.
1865 – invasion of Paraguay, genocide, 85% of the population destroyed.
1865 – intervention in Panama, coup d’état.
1866 – attack on Mexico.
1866 – punitive expedition to China.
1867 Attack on the Midway Islands.
1868 – Multiple invasions of Japan.
1868 – Invasion of Uruguay and Colombia.
1874 – the entry of troops into China and Hawaii.
1876 – invasion of Mexico.
1878 – attack on Samoa.
1882 – the entry of troops into Egypt.
1888 – attack on Korea.
1889 – punitive expedition to Hawaii.
1890 – the introduction of troops into Haiti.
1890 – the introduction of troops into Argentina.
1891 – intervention in Chile.
1891 – punitive expedition to Haiti.
1893 – the introduction of troops into Hawaii, the invasion of China.
1894 – intervention in Nicaragua.
1894-1896 – invasion of Korea.
1894-1895 – war in China.
1895 – invasion of Panama.
1896 – invasion of Nicaragua.
1898 – the capture of the Philippines, genocide (600,000 Filipinos).
1898 – invasion of the port of San Juan del Sur (Nicaragua).
1898 – the capture of the Hawaiian Islands.
1899-1901 – war with the Philippines.
1899 – invasion of the Nicaraguan port of Bluefields.
1901 – the entry of troops into Colombia.
1902 – invasion of Panama.
1903 – the entry of troops into Honduras, the Dominican Republic, Syria.
1904 – the entry of troops into Korea, Morocco.
1904-1905 – intervention in the Russo-Japanese War.
1905 – intervention in the revolution in Honduras.
1905 – entry of troops into Mexico.
1905 – the entry of troops into Korea.
1906 – Invasion of the Philippines.
1906-1909 – the invasion of Cuba.
1907 – operations in Nicaragua.
1907 – intervention in the revolution in the Dominican Republic.
1907 – participation in the war of Honduras with Nicaragua.
1908 – invasion of Panama.
1910 – invasion of Bluefields and Corinto (Nicaragua).
1911 – intervention in Honduras.
1911 – genocide in the Philippines.
1911 – the introduction of troops into China.
1912 – capture of Havana (Cuba).
1912 – intervention in Panama during the elections.
1912 – invasion of Honduras.
1912-1933 – the occupation of Nicaragua.
1914 – intervention in the Dominican Republic.
1914-1918 – a series of invasions of Mexico.
1914-1934 – occupation of Haiti.
1916-1924 – occupation of the Dominican Republic.
1917-1933 – the occupation of Cuba.
1918-1922 – occupation of the Russian Far East.
1918-1920 – the entry of troops into Panama.
1919 – landing of troops in Costa Rica.
1919 – the war against the Serbs in Dolmatia on the side of Italy.
1919 – intervention in Honduras during the elections.
1920 – intervention in Guatemala.
1922 – intervention in Turkey.
1922-1927 – intervention in China.
1924-1925 – invasion of Honduras.
1925 – military operations in Panama.
1926 – invasion of Nicaragua.
1927-1934 – the occupation of China.
1932 – invasion of El Salvador.
1936 – intervention in Spain.
1937 – war with Japan.
1937 – intervention in Nicaragua, coup d’état.
1939 – the introduction of troops into China.
1941-1945 – genocide of the civilian population of Germany (Dresden, Hamburg).
1945 – nuclear attack on Japan.
1945-1991 – sabotage activities against the USSR. (Invasion of air possessions – more than 5000
1999 – US-NATO war in Yugoslavia
2002 – the entry of troops into the Philippines.
2003 – actions in Liberia.
2003 – clashes with Syrian border guards.
2003 – Iraq: Iraqi War, which also involves a number of American allies. After the overthrow of the regime of Saddam Hussein, a multi-year occupation begins, characterized by a high level of violence in the country, which cost the lives, according to various sources, up to 655 thousand Iraqis 2004 – Somalia: US air strikes against Islamists, active support for Somali government forces in the civil war 2004 – entry of troops to Haiti.
2004 – Coup attempt in Equatorial Guinea.
2008 – Invasion of Pakistan.
2008 – War in South Ossetia 2011 – War in Libya: Air strikes and rocket attacks on the country as part of the intervention in Libya. The result was the overthrow and assassination of head of state Muammar Gaddafi 2013 – 2017 – The war in Syria: the United States and its allies began to bomb the positions of the Islamic State in Syria and Iraq 2014 – The war in Ukraine 2015 – Yemen: US missile strikes on the positions of the Yemeni rebels – the Houthis and active support for the intervention of Saudi Arabia and its allies in Yemen.
2022 – events in Ukraine.

Last edited 1 year ago by Friendly
Alex Colchester
Alex Colchester
1 year ago
Reply to  Friendly

But, you must admit, these were all in self defence.

jane baker
jane baker
1 year ago

Ha ha ha.

jane baker
jane baker
1 year ago

Ha ha ha.

Alex Colchester
Alex Colchester
1 year ago
Reply to  Friendly

But, you must admit, these were all in self defence.

Friendly
Friendly
1 year ago

Tibet belongs to China since 1950, you have nothing more to tell?
China, in comparison with the United States, is just angels, these are all invasions, wars and changes of governments that took place under the strict guidance of the United States in the name of “democracy”, which has long been absent even in the United States itself.
1622 Indians attacked at Jamestown.
1635-1636 – War with the Algoquin Indians in New England.
1675-1676 – the Indian War, which ended with the destruction of almost half of the cities in Massachusetts.
1792 – War to seize Kentucky.
1796 – Tennessee War.
1797-1800 – Pirate attacks on French civilian ships.
1800 – Slave rebellion led by Gabriel Prosser in Virginia. About a thousand people were hanged, including Prosser himself. The slaves themselves did not kill a single person.
1803 – War for the capture of Ohio.
1803 – Louisiana War.
1805-1815 – War in Africa for US rule to distribute drugs in the world.
1806 – attempted American invasion of the Rio Grande (then – Spanish possession).
1810 Spanish invasion of West Florida.
1812-1814 – war with England, invasion of Canada.
1812 – Spanish occupation of the west.
1813 – the capture of the Spanish Bay of Mobile, the occupation of the Marquesas Islands.
1814 – the occupation of the Spanish Pensacola.
1816 – attack on Fort Nichols in Spanish Florida.
1817-1819 Occupation of East Florida.
1824 – invasion of the Puerto Rican city of Fajardo.
1824 – American landing in Cuba.
1833 – invasion of Argentina.
1835 – the capture of Mexican Texas.
1835 – invasion of Peru.
1840 – Invasion of Fiji.
1841 – genocide on the island of Upolu (Drummond).
1843 – invasion of China.
1846-1848 – war with Mexico.
1846 – aggression against New Granada (Colombia).
1849 – shelling of Indochina.
1852 – invasion of Argentina.
1853-1856 – invasion of China.
1853 – invasion of Argentina and Nicaragua.
1854 – the destruction of the Nicaraguan city of San Juan del Norte.
1854 – attempt to capture the Hawaiian Islands.
1855 – invasion and coup in Nicaragua.
1855 – Invasion of Fiji and Uruguay.
1856 – invasion of Panama.
1858 – intervention in Fiji, genocide.
1858 – invasion of Uruguay.
1859 – attack on the Japanese fort Taku.
1859 – invasion of Angola.
1860 – invasion of Panama.
1863 – punitive expedition to Shimonoseki (Japan).
1864 – military expedition to Japan.
1865 – invasion of Paraguay, genocide, 85% of the population destroyed.
1865 – intervention in Panama, coup d’état.
1866 – attack on Mexico.
1866 – punitive expedition to China.
1867 Attack on the Midway Islands.
1868 – Multiple invasions of Japan.
1868 – Invasion of Uruguay and Colombia.
1874 – the entry of troops into China and Hawaii.
1876 – invasion of Mexico.
1878 – attack on Samoa.
1882 – the entry of troops into Egypt.
1888 – attack on Korea.
1889 – punitive expedition to Hawaii.
1890 – the introduction of troops into Haiti.
1890 – the introduction of troops into Argentina.
1891 – intervention in Chile.
1891 – punitive expedition to Haiti.
1893 – the introduction of troops into Hawaii, the invasion of China.
1894 – intervention in Nicaragua.
1894-1896 – invasion of Korea.
1894-1895 – war in China.
1895 – invasion of Panama.
1896 – invasion of Nicaragua.
1898 – the capture of the Philippines, genocide (600,000 Filipinos).
1898 – invasion of the port of San Juan del Sur (Nicaragua).
1898 – the capture of the Hawaiian Islands.
1899-1901 – war with the Philippines.
1899 – invasion of the Nicaraguan port of Bluefields.
1901 – the entry of troops into Colombia.
1846 – aggression against New Granada (Colombia).
1849 – shelling of Indochina.
1852 – invasion of Argentina.
1853-1856 – invasion of China.
1853 – invasion of Argentina and Nicaragua.
1854 – the destruction of the Nicaraguan city of San Juan del Norte.
1854 – attempt to capture the Hawaiian Islands.
1855 – invasion and coup in Nicaragua.
1855 – Invasion of Fiji and Uruguay.
1856 – invasion of Panama.
1858 – intervention in Fiji, genocide.
1858 – invasion of Uruguay.
1859 – attack on the Japanese fort Taku.
1859 – invasion of Angola.
1860 – invasion of Panama.
1863 – punitive expedition to Shimonoseki (Japan).
1864 – military expedition to Japan.
1865 – invasion of Paraguay, genocide, 85% of the population destroyed.
1865 – intervention in Panama, coup d’état.
1866 – attack on Mexico.
1866 – punitive expedition to China.
1867 Attack on the Midway Islands.
1868 – Multiple invasions of Japan.
1868 – Invasion of Uruguay and Colombia.
1874 – the entry of troops into China and Hawaii.
1876 – invasion of Mexico.
1878 – attack on Samoa.
1882 – the entry of troops into Egypt.
1888 – attack on Korea.
1889 – punitive expedition to Hawaii.
1890 – the introduction of troops into Haiti.
1890 – the introduction of troops into Argentina.
1891 – intervention in Chile.
1891 – punitive expedition to Haiti.
1893 – the introduction of troops into Hawaii, the invasion of China.
1894 – intervention in Nicaragua.
1894-1896 – invasion of Korea.
1894-1895 – war in China.
1895 – invasion of Panama.
1896 – invasion of Nicaragua.
1898 – the capture of the Philippines, genocide (600,000 Filipinos).
1898 – invasion of the port of San Juan del Sur (Nicaragua).
1898 – the capture of the Hawaiian Islands.
1899-1901 – war with the Philippines.
1899 – invasion of the Nicaraguan port of Bluefields.
1901 – the entry of troops into Colombia.
1902 – invasion of Panama.
1903 – the entry of troops into Honduras, the Dominican Republic, Syria.
1904 – the entry of troops into Korea, Morocco.
1904-1905 – intervention in the Russo-Japanese War.
1905 – intervention in the revolution in Honduras.
1905 – entry of troops into Mexico.
1905 – the entry of troops into Korea.
1906 – Invasion of the Philippines.
1906-1909 – the invasion of Cuba.
1907 – operations in Nicaragua.
1907 – intervention in the revolution in the Dominican Republic.
1907 – participation in the war of Honduras with Nicaragua.
1908 – invasion of Panama.
1910 – invasion of Bluefields and Corinto (Nicaragua).
1911 – intervention in Honduras.
1911 – genocide in the Philippines.
1911 – the introduction of troops into China.
1912 – capture of Havana (Cuba).
1912 – intervention in Panama during the elections.
1912 – invasion of Honduras.
1912-1933 – the occupation of Nicaragua.
1914 – intervention in the Dominican Republic.
1914-1918 – a series of invasions of Mexico.
1914-1934 – occupation of Haiti.
1916-1924 – occupation of the Dominican Republic.
1917-1933 – the occupation of Cuba.
1918-1922 – occupation of the Russian Far East.
1918-1920 – the entry of troops into Panama.
1919 – landing of troops in Costa Rica.
1919 – the war against the Serbs in Dolmatia on the side of Italy.
1919 – intervention in Honduras during the elections.
1920 – intervention in Guatemala.
1922 – intervention in Turkey.
1922-1927 – intervention in China.
1924-1925 – invasion of Honduras.
1925 – military operations in Panama.
1926 – invasion of Nicaragua.
1927-1934 – the occupation of China.
1932 – invasion of El Salvador.
1936 – intervention in Spain.
1937 – war with Japan.
1937 – intervention in Nicaragua, coup d’état.
1939 – the introduction of troops into China.
1941-1945 – genocide of the civilian population of Germany (Dresden, Hamburg).
1945 – nuclear attack on Japan.
1945-1991 – sabotage activities against the USSR. (Invasion of air possessions – more than 5000
1999 – US-NATO war in Yugoslavia
2002 – the entry of troops into the Philippines.
2003 – actions in Liberia.
2003 – clashes with Syrian border guards.
2003 – Iraq: Iraqi War, which also involves a number of American allies. After the overthrow of the regime of Saddam Hussein, a multi-year occupation begins, characterized by a high level of violence in the country, which cost the lives, according to various sources, up to 655 thousand Iraqis 2004 – Somalia: US air strikes against Islamists, active support for Somali government forces in the civil war 2004 – entry of troops to Haiti.
2004 – Coup attempt in Equatorial Guinea.
2008 – Invasion of Pakistan.
2008 – War in South Ossetia 2011 – War in Libya: Air strikes and rocket attacks on the country as part of the intervention in Libya. The result was the overthrow and assassination of head of state Muammar Gaddafi 2013 – 2017 – The war in Syria: the United States and its allies began to bomb the positions of the Islamic State in Syria and Iraq 2014 – The war in Ukraine 2015 – Yemen: US missile strikes on the positions of the Yemeni rebels – the Houthis and active support for the intervention of Saudi Arabia and its allies in Yemen.
2022 – events in Ukraine.

Last edited 1 year ago by Friendly
Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Friendly

What about Tibet?

ps. Making an absolutely idiotic remark such as : “China, unlike the Americans, has not attacked any country in its entire history “ completely invalidates anything else you may have to say.

In fact it makes you sound like an all too obvious Chinese stooge, does it not?

Last edited 1 year ago by Charles Stanhope
Charles Stanhope
Charles Stanhope
1 year ago
Reply to  Arthur G

In other words ‘the lesser of two evils’.

Jim Bocho
Jim Bocho
1 year ago
Reply to  Arthur G

Apart from its European vassals very few countries consider the US trustworthy.

Friendly
Friendly
1 year ago
Reply to  Arthur G

China, unlike the Americans, has not attacked any country in its entire history, except for a few small border conflicts over the past century with India, the USSR and Vietnam. And liberals of all stripes make a horror story out of him, whose hands are up to their elbows in blood.

Arthur G
Arthur G
1 year ago

The question is not, do nations trust the US. It’s who can they trust more? Does anyone seriously believe China is more trustworthy?

UnHerd Reader
UnHerd Reader
1 year ago

Trump would not have seized assets he is not stupid like Biden. Having the global reserve is a privilege not a right and the us and the west which laud theft as their right will see the folly soon enough.

Last edited 1 year ago by UnHerd Reader
jane baker
jane baker
1 year ago
Reply to  UnHerd Reader

Lady interviewer to Trump,what would you do
Trump,” I would call Mr Putin and negotiate a peace’
Brief,simple,concise,intelligent,sensible.

jane baker
jane baker
1 year ago
Reply to  UnHerd Reader

Lady interviewer to Trump,what would you do
Trump,” I would call Mr Putin and negotiate a peace’
Brief,simple,concise,intelligent,sensible.

UnHerd Reader
UnHerd Reader
1 year ago

Trump would not have seized assets he is not stupid like Biden. Having the global reserve is a privilege not a right and the us and the west which laud theft as their right will see the folly soon enough.

Last edited 1 year ago by UnHerd Reader
jane baker
jane baker
1 year ago

I think World Beggar Zelensky with his ever open maw,Feed Me,Feed Me tops Mr Putin in the Despicable scale.

jane baker
jane baker
1 year ago

I think World Beggar Zelensky with his ever open maw,Feed Me,Feed Me tops Mr Putin in the Despicable scale.

jane baker
jane baker
1 year ago

Watch out for your money too. Google Bail In and learn that under COVID the law was quietly changed and as soon as you pay money into YOUR account it becomes the property of the bank and they can repay it to you at their pleasure or not..This is true even if you don’t believe me.

jane baker
jane baker
1 year ago

Watch out for your money too. Google Bail In and learn that under COVID the law was quietly changed and as soon as you pay money into YOUR account it becomes the property of the bank and they can repay it to you at their pleasure or not..This is true even if you don’t believe me.