The New World Order Runs on Hydrocarbons

This is not the future that the greenie globalists imagined.

J.B. Shurk | March 22, 2026

The “world order” is certainly shifting, isn’t it? 

Since Obama’s presidency, central banks have been reducing their holdings of U.S. dollars and increasing their gold reserves.  This trend began when the Obama administration used the dollar’s status as the world reserve currency and U.S. leverage over international financial institutions (particularly the international payment system known as SWIFT) to punish Russia for its annexation of Crimea back in 2014.  Later, the Biden administration and the European Commission used these same financial weapons — while imposing widespread economic sanctions and asset freezes — to punish Russia following its invasion of Ukraine.  The message to the world was clear: The more that nation states depend upon U.S. dollars and Western-controlled financial institutions, the more vulnerable they are to economic coercion.  

During this same period of time, U.S. national debt has continued to grow.  That debt will soon reach forty trillion dollars, while annual interest payments are approaching one trillion dollars.  When President George W. Bush was in office, there was a clamor among D.C.’s class of political and economic pundits about how the financial toll of our wars in Iraq and Afghanistan had pushed the national debt over six trillion dollars.  Some analysts argued that if the federal government did not immediately arrest its profligate spending, the global financial system would one day collapse.  Those warnings fell on deaf ears.  “Austerity” became a dirty word.  Government spending in the U.S., Europe, and throughout most of the world has continued unabated.  The stubborn arithmetic of the global debt bomb abides. 

The economic system as we know it today is on wobbly footing.  Some people have been predicting economic Armageddon for two decades or more.  (Some have been predicting catastrophe since the Federal Reserve’s stealthy creation during Christmas of 1913, or at least since President Nixon decoupled the U.S. dollar from gold in mid-August of 1971.)  Others point to the ability of central bank magicians to........

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