The Shrinking American Empire | Black Agenda Report

The Shrinking American Empire

Glen Ford, BAR executive editor

08 Jul 2009

🖨️ Print Article

A Black Agenda Radio commentary by Glen Ford

Click the flash player below to listen to or the mic to download an mp3 copy of this BA Radio commentary.

The drive to replace the U.S. dollar as the de facto global currency brings the American empire that much closer to ultimate dissolution. U.S. imperialism’s accelerated decline is best dated to the invasion of Iraq six years ago. In the face of Washington’s general threat to establish itself as the “New Rome,” “much of the planetary community conspired to find ways to break the unequal ties that bound them to the empire.”

The Shrinking American Empire

A Black Agenda Radio commentary by Glen Ford

“Imperialists believe that everything can be made into a weapon with which to bludgeon the rest of humanity into submission.”

The day before the U.S. invasion of Iraq, back in March of 2003, I wrote a piece called “They Have Reached Too Far” – “they” being U.S. imperialists. I was on that day, as U.S. tanks revved their engines in the sands of Kuwait, preparing to cross into what Washington thought would be a glorious future of global domination, that a crack opened up in time, and it was clear as a desert day that the U.S. empire would be swallowed up in that widening crack – maybe in my lifetime.

George Bush and his gang had rolled the dice, betting everything on a land and resource grab designed to save a parasitical system through world-defying theft and awesome – Shock and Awesome – intimidation. But there was not the slightest doubt in my mind that they would fail catastrophically, although no one could predict precisely how the disaster would unfold.

It was also clear that the U.S. aggression against Iraq should not be narrowly interpreted as all about Israel or about oil or about further expansion of U.S. spheres of geopolitical dominance or about beating back the challenge of the euro. It was simultaneously about all of those things, and more. Empires seek to dominate the very planet, to set the terms for every human transaction. Nothing is beyond the ambitions of empire. Imperialists believe that everything can be made into a weapon with which to bludgeon the rest of humanity into submission.

So I wrote, back in 2003, that the impending Iraq war was

“an oil currency war, a preemptive strike against the euro’s potential to challenge the U.S. dollar as the sole denominator of petroleum purchases. By seizing the Iraqi oil fields and positioning itself to do the same in Saudi Arabia, Iran and throughout the Persian Gulf, the Caspian Sea and South Asia, the U.S. can stop the euro cold and rule as its own OPEC, awesomely armed and dreadfully dangerous.” The dollar would “remain supreme, backed by the oil reserves of the globe.”

“The American threat to humanity was so general, and so generally perceived and felt, it achieved the opposite of what Washington had wished.”

And that was part of the overall Plan: to set the terms of trade in oil and everything else on the planet, extracting wealth from all the world’s people while creating nothing but terror and, hopefully, submission. But the American threat to humanity was so general, and so generally perceived and felt, it achieved the opposite of what Washington had wished. Rather than the world acclimating itself to the rule of the “New Rome,” as the imperialists were openly calling themselves, much of the planetary community conspired to find ways to break the unequal ties that bound them to the empire.

The Iraq invasion greatly accelerated the process of U.S. imperialism’s decline, so much so, that only a few years later the American Lords of Capital found themselves turning to a Black man to put a dramatically different face on their imperial enterprise. But Barack Obama cannot save them. The U.S. dollar’s days as the world’s reserve currency are numbered, and when the dollar is finally dethroned, only the military aspect of the imperial husk will remain.

For Black Agenda Radio, I’m Glen Ford. On the web, go to www.BlackAgendaReport.com.

BAR executive editor Glen Ford can be contacted at Glen.Ford@BlackAgendaReport.com.

Do you need and appreciate Black Agenda Report articles? Please click on the DONATE icon, and help us out, if you can.

More Stories

The Editors
Black Agenda Report Will Return January 7, 2026
19 Dec 2025
The Black Agenda Report team are taking our annual end of year break. We will be back with a new issue on January 7, 2026. Thanks for your support and have a great holiday season!
Black Agenda Radio with Margaret Kimberley
Black Agenda Radio December 19, 2025
19 Dec 2025
In this week’s segment, we present a conversation about birthright citizenship, its benefits to Black people, and why it is under attack. But first, we hear from a U.S. activist who recently traveled…
Black Agenda Radio with Margaret Kimberley
John Parker on Solidarity with Venezuela
19 Dec 2025
John Parker is the coordinator of the Harriet Tubman Center for Social Justice In Los Angeles and a leading member of the Struggle for Socialism Party. He is joining us from Los Angeles to discuss…
Black Agenda Radio with Margaret Kimberley , Renee Johnston , Jared Ball
Birthright Citizenship and the African World
19 Dec 2025
Margaret Kimberley was recently a guest on the Black Liberation Media program, Saturdays with Renee, with Renee Johnston and Jared Ball. They discussed the issue of birthright citizenship in light of…
Ann Garrison, BAR Contributing Editor , Ahmed Kaballo
Struggling for Sovereignty: Sudan After Two Years of Civil War
17 Dec 2025
After two years of civil war, Sudan is now the site of the worst humanitarian crisis in the world. However, as in most conflicts in the Global South, colonial and neocolonial history are a large part…