The Guardian • Issue #2083



We welcome a new year with a reinforced understanding that imperialism’s death throes are inflicting unprecedented death and destruction as well as the danger of nuclear exchange and the annihilation of life on Earth – but that a new civilised world order is also on the horizon.

In Gaza the US is facilitating unprecedented human and environmental destruction. Much has been written about the annihilation of the Palestinian people in Gaza and we must continue to protest that in every way possible.

But we must also consider the appalling environmental cost of Israel’s brutal attack on Gaza which is being facilitated by the US with the silent connivance of many western countries and the shamefully subservient Australian government.

Israel has dropped more than 25,000 tonnes of explosives in Gaza since 7 October, equivalent to two nuclear bombs. The IDF is flooding Hamas’ underground tunnels with sea water which will pollute the water table in Gaza for decades.

By the end of 2023, about 200 American cargo flights had delivered 10,000 tonnes of military equipment to Israel. The flights consumed around 50 million litres of aviation fuel which sent about 133,000 tonnes of carbon dioxide into the atmosphere.

About 20 per cent of the US military’s annual operational emissions go towards protecting fossil fuel interests in the Gulf region, a climate change hotspot which is warming twice as fast as the rest of the world.

Despite claiming to support international law, the Australian government has not supported the South African case at the International Court of Justice accusing Israel of committing genocide in Gaza, and refuses to act or even publicly call for an immediate ceasefire.

This is unacceptable and the huge protests must grow and strengthen until the ALP government finally takes a more principled position.

In a desperate struggle for survival, US foreign policy is pushing proxy wars to contain Russia and China, the countries leading the drive to multipolarity. However, as Israel’s barbaric actions in Gaza and the occupied West Bank are exposed, US strategic objectives in the region are unravelling. At the same time the US and its allies realise that Russia cannot be defeated militarily and the Ukraine war will end with an agreement on Russia’s terms.

These two defeats will extract an appalling cost from humanity and the environment, but they will have a profound impact on the coming new world order.

The unipolar power exercised by the US is being challenged by an emerging multipolarity. Nations are breaking free from the US-dominated global system, trading in their own currencies, seeking greater sovereignty. BRICS leaders are building an alternative, more equitable global framework for trade and cooperation.

Saudi Arabia, the UAE, and Iran are major oil-producing countries. Russia has indicated that during its 2024 chairmanship of BRICS, it will push for the creation of a currency to challenge the petrodollar.

Saudi Arabia recently signed a currency swap deal worth US$7 billion with China in an attempt to shift more of their trade away from the dollar.

If a BRICS currency is used instead of the dollar, there could be a significant impact on several financial sectors of the US economy, such as energy and commodity markets, international trade and investment, capital markets, technology, consumer goods and retail, travel and tourism.

BRICS drives a dagger into the heart of US imperialism’s global hegemony which is anchored on the dollar being the ‘world currency.’

This is one more step in the process which will eventually bury US war making and help build a peaceful and co-operative new world order.

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