Tag Archives: Whole Hegemony

Dr. Henry Alfred Kissinger who was chief foreign policy adviser and Secretary of State to Presidents Richard Nixon and Gerald Ford is described as the architect of American foreign policy which he named as hegemony. None of the foreign policy initiatives for global dominance could help America to balance its federal budget and control its deficit spending which is the root cause of the problems that its economy is facing now. If American economy suffers, it would definitely cause a ripple effect. I am not surprised to hear that the merchants in the New York city are willing to accept payments in Euros as an acknowledgement of the fact that the U.S. Dollar has become weak and will continue to remain weak in comparison to major global currencies.