Death of Petrodollar

The Deep State should have been alert five years ago when Candidate Joe Biden announced that he, if elected as president, was determined to make the Saudi rulers “pay the price, and make them in fact the pariah that they are.”

Biden was blunt to the point of being brutal about the Saudi royal family, saying there was “very little social redeeming value in the present government in Saudi Arabia” under King Salman’s rule.  

But, instead, the Deep State felt delighted that Biden was just the man to succeed Donald Trump and reverse the Trump-era practice of forgiving Saudi human rights violations in order to preserve jobs in the American arms industry.

Biden probably knew by then that the American intelligence had concluded about the role of Mohammed bin Salman, the Saudi crown prince and the de facto leader of the country, in the killing of the dissident-journalist Jamal Khashoggi, who was a ‘strategic asset’ of the CIA for navigating the next Saudi succession and the ensuing regime change to a happy ending. Khashoggi’s decapitation crippled Washington’s game plan to instal a pliable ruler in Riyadh. 

Today, all that is history. But unlike the Bourbons, the Saudi royals never forget or forgive. They also have infinite patience and their own concept of time and space. And last Sunday, June 9, they struck. 

In great royal style, last Sunday, Riyadh simply let the 50-year-old petrodollar agreement between the US and Saudi Arabia to expire. 

To recap, the term “petrodollar” refers to the US dollar’s pivotal role as the currency used for crude oil transactions on the world market per the US-Saudi deal dating back to 1974 shortly after the US went off the gold standard. 

In the history of global finance, few agreements have wielded as many benefits as the petrodollar pact did for the US economy. At its core, the agreement stipulated that Saudi Arabia would price its oil exports exclusively in US dollars and invest its surplus oil revenues in US Treasury bonds — and, in a quid pro quo, the US would provide military support and protection to the kingdom.  

The ‘win-win’ deal ensured that the US gained a stable source of oil and a captive market for its debt, while Saudi Arabia secured its economic and overall security. In turn, the denomination of oil in dollar elevated the dollar’s status as the world’s ‘reserve currency’. 

Since then, the global demand for dollars to purchase oil has helped to keep the currency strong, not only made imports relatively cheap for American consumers but in systemic terms, the influx of foreign capital into US Treasury bonds supported low interest rates and a robust bond market.

Suffice to say, the expiration of the 1974 US-Saudi ‘oil-for-security’ deal has far-reaching implications. At the most obvious level, it highlights the shifting power dynamics in the oil market with the emergence of alternative energy sources (eg., renewables and natural gas) and new oil-producing countries (eg., Brazil and Canada) challenging the traditional dominance of West Asia. But this is more the optics of it. 

Crucially, the petrodollar’s expiration could weaken the US dollar and, by extension, the US financial markets. If oil were to be priced in a currency other than the dollar, it could lead to a decline in global demand for the greenback, which, in turn, could result in higher inflation, higher interest rates, and a weaker bond market in the US.

Suffice to say, going forward we may expect a significant shift in global power dynamics with the growing influence of emerging economies, the changing energy landscape and a tectonic shift in the global financial order as it enters a “post-American” era. The bottom line is that the US dollar’s dominance is no longer guaranteed. 

There is no question that Saudi Arabia has a roadmap worked out. Four days before the expiration of the oil-for-security deal, Reuters reported that Saudi Arabia has joined a China-dominated central bank digital currency cross-border trial, “in what could be another step towards less of the world’s oil trade being done in U.S. dollars.” 

The announcement on June 4 came from the Switzerland-based Bank for International Settlements [BIS], an international financial institution owned by member central banks. It means that Saudi  central bank has become a “full participant” of Project mBridge, a collaboration launched in 2021 between the central banks of China, Hong Kong, Thailand and the United Arab Emirates. 

The BIS announcement took note that mBridge had reached “minimum viable product” stage — that is, it is ready to move beyond the prototype phase. By the way, 135 countries and currency unions, representing 98% of global GDP, are currently exploring central bank digital currencies, or CBDCs.  

The entry of Saudi Arabia, a major G20 economy and the largest oil exporter in the world, signals a scaling up of commodity settlement on a platform outside of dollars in a near term scenario, with a new technology behind it. Interestingly, the mBridge transactions can use the code China’s e-yuan is built on! 

The intention is to modernise payments with new functionality and provide an alternative to physical cash, which seems in terminal decline anyway. China dominates the mBridge project and is carrying out the world’s largest domestic CBDC pilot which now reaches 260 million people and covers 200 scenarios from e-commerce to government stimulus payments. 

Indeed, other big emerging economies, including India, Brazil and Russia, also plan to launch digital currencies in the next 1-2 years while the European Central Bank has begun work on a digital euro pilot ahead of a possible launch in 2028.

Now, add to this Russia’s master plan to create a new BRICS payments system bypassing the dollar altogether. Moscow stock exchange announced on Wednesday that it will stop trading dollars and euros from Thursday, June 13.  

Thus, the expiration of the US-Saudi deal last weekend is emblematic of a cascading challenge from various quarters to the dollar’s pre-eminence as ‘reserve currency.’ In particular, the end is nearing for the unfettered freedom America enjoyed to print dollar currency at will and living it up far beyond its means and imposing the US’ global hegemony. 

There is growing unease among US elites that good life may be ending as the crushing debt burden sinks the American economy. In a CNBC interview yesterday, Treasury Secretary Janet Yellen warned that high interest rates are also adding to the burden as the US manages its massive $34.7 trillion debt load.  

Of course, there are no clear alternatives yet to the US dollar as the world’s leading reserve currency but the writing on the wall is that global trade strains and increased use of tariffs or sanctions could undermine its role sooner than later, as foreign investors’ concerns are rising about America’s public debt sustainability. 

The FitchRatings noted yesterday that “Large primary deficits and higher interest service costs will keep the U.S. sovereign debt burden increasing after November’s elections, regardless of who wins.” 

In sum, what seemed hitherto a geopolitical rivalry over NATO expansion and Taiwan — or setting trade/technology standards in the Fourth Industrial Revolution — is taking on an existential dimension for Washington as the future of dollar is at stake. There are enough hints testifying to coordinated moves by Moscow and Beijing to accelerate the “de-dollarisation” process.

On the one hand, Russia is pulling all stops to present to the world at the forthcoming BRICS summit in October a non-dollar payment system to settle trade, while, on the other hand, China is systematically dumping its holdings of US treasury bonds that will give it a freer hand when the crunch time comes.  

By: Ally Mathews

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03/16/2025 12:55 pm
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03/16/2025 2:59 pm
Inadequacy of Current International Law The most widely adhered-to international agreements associated with space are those within the Outer Space Treaty of 1967.8 The basic precepts of the treaty are all nations are free to scientifically investigate space, celestial bodies are only to be used for peaceful purposes, weapons of mass destruction are prohibited in space, compensation is required for damage to another country’s spacecraft, and contamination of space is to be avoided.9 Since this treaty was established when only a few nations could achieve orbit, this fifty-one-year-old document is most notably scrutinized for its irrelevancy and ambiguity regarding modern practices in the space domain.10 The Chinese antisatellite missile demonstration in 2007 provides the best illustration of the inadequacies of the 1967 space treaty. China destroyed one of its aging weather satellites traveling 800 kilometers above the earth with a ground-based kinetic strike missile.11 It is estimated that the collision formed a debris cloud consisting of an estimated 300,000 fragments at altitudes ranging between 200 and 3,800 kilometers.12 The European Space Agency reports that identifying objects less than five centimeters in diameter in low Earth orbit is not feasible at this time.13 Notwithstanding, simulations of the collision indicate that the majority of the generated debris was below this threshold, thus rendering the particles as “invisible” to ground or spacecraft detectors.14 For perspective, collisions in low Earth orbit between particles four inches across and spacecraft are equivalent to a semitruck hitting a barrier at seventy miles per hour. Should one of these particles strike another satellite, it would spark a dangerous orbital chain reaction of satellite collisions that could render space useless for everyone.15 Worsening the situation, the lack of atmospheric drag above an altitude of seven hundred kilometers allows this debris to orbit the earth for thirty years or more.16 China’s use of a conventional kinetic weapon in space is legal under current international law.17 A nation victimized by China’s irresponsible proliferation of debris must rely on today’s space treaties to seek compensation because the laws of armed conflict are irrelevant since China targeted their own satellite.18 However, should a nation demand compensation for the damage caused by the resulting debris, it must prove, beyond a reasonable doubt, that China’s demonstration caused the damage. China’s legal representation will likely counter that “contamination” is debatable because it is undefined within current treaties. If the affected nation can correlate damage with Chinese actions, it must demand payment through the bureaucracy of the United Nations and hope China honors their obligation, as a forcing function does not exist. Lawmakers and politicians alike recognize these inadequacies and simply cannot agree on a resolution. To little avail, numerous revisions to treaties, proposals of transparency, and additional conventions have been attempted to fix the inadequacies of space law.19 The committee with the most participants, the United Nations’ Peaceful Uses of Outer Space Committee, was established in 1959, but military and security operations are not applicable to this organization as its purpose is to promote international cooperation for the research of space. Additionally, the nonproliferation of weapons in space and the security of space are supposed to be discussed during Geneva’s Conference on Disarmament, but attendees cannot agree on their own agenda, let alone make substantial progress in determining international law. Furthermore, the Committee on the Prevention of an Arms Race in Outer Space at the United Nations has not had a substantial agreement in almost forty years.20 Contrary to the popular belief of many U.S. citizens, the Russians and Chinese have submitted the most documentation to the United Nations for solidifying space regulations.21 In 2008, they codrafted the “Treaty on the Prevention of the Placement of Weapons in Outer Space” and introduced it to the Conference of Disarmament.22 In 2014, their revised draft was voted on by the General Assembly of the United Nations, yielding a vote of 126 in favor, forty-six abstentions, and four against.23 The United States was the primary party against the resolution because the treaty did not discuss any process to verify compliance with the treaty’s stipulations. In late 2015, the United Nations General Assembly adopted Russia’s “No first placement of weapons in outer space” resolution with similar ballot results. The United States, again the primary voice against the resolution, stated that “weapons” in space remains undefined.24 At face value, the United States’ noncommittal stance may be misconstrued as an unwillingness to enhance prosperity for all in space. In this regard, China and Russia appear politically just in their resolve to foster peace. However, it is important to understand the United States’ justification of not committing to formal agreements without a forcing function to ensure all parties are adhering to a clearly defined policy.25 With the fall of the Soviet Union, space became a relatively benign environment where the United States reigned supreme. However, during this time of complacency, U.S. adversaries made significant progress in their efforts to control the space domain and exploit the United States’ reliance of it. Tactics like rendezvous and proximity operations, utilized by Russia and China near sensitive military satellites, reinforced the United States’ political position to “trust but verify” when establishing international space policy.26 Thus, while China and Russia are proposing supposedly peaceful legislature, their actions speak louder than their words. The United States remains vigilant to politically negate any actions that may threaten its security, but this does not excuse its lack of proposals to solve identified issues and foster sovereignty in a more peaceful manner than building military power. Inadequate Solution to Evolving Threats China and Russia are adapting rendezvous and proximity operations currently utilized by spacecraft docking at the International Space Station and turning them into potential offensive capabilities. A commercial satellite tracking agency, known as Analytic Graphics Incorporated, observed LUCH, a Russian satellite, approach a European communication satellite and at least three sensitive U.S. military communication satellites using these tactics. They have also observed SHIYAN, a Chinese satellite possessing a robotic arm capable of capturing and releasing other satellites, practicing these maneuvers.27 Each country states that the purpose of their respective satellite is to exercise servicing operations, but their proximity to sensitive targets alludes to more sinister intentions.28 SHIYAN could use its robotic arm to maneuver a satellite out of position; rendering it unable to complete its mission. Both SHIYAN and LUCH can closely approach satellites by conducting rendezvous and proximity operations, then accelerate into or unleash hidden weapons at their targets before decision-makers are able to react.29 While the United States has previously refrained from any commitment to China and Russia’s proposed legislature, perhaps U.S. leaders can regain a moral high ground on the world stage by generating political solutions to these lingering issues. UN-Space-treaty U.S. Secretary of State Dean Rusk signs the Treaty of Principles Governing the Activities of States in the Exploration and Use of Outer Space, including the Moon and other Celestial Bodies (known as the Outer Space Treaty) 27 January 1967 at a White House ceremony. At the table are (right to left) President Lyndon B. Johnson; Ambassador Arthur J. Goldberg, permanent representative of the United States to the United Nations; Sir Patrick Dean, minister of state for foreign affairs and permanent representative of the United Kingdom to the United Nations; and USSR Ambassador to the United States Anatoly F. Dobrynin. Dramatic advances in technology have rendered the treaty obsolete and largely irrelevant. (Photo courtesy of the United Nations) On 18 June 2018, the president of the United States announced his intent to secure and dominate the space domain.30 But the trivial disagreements associated with international space law cause leadership to refrain from delegating authorities over space-based assets because they remain responsible for the consequences. As concisely stated by Michael Hyatt, “Military leaders can delegate authority, but always maintain responsibility for the outcome.”31 There are few willing to risk their careers or civil freedoms because laws cannot be adequately explained or relied on. However, if conflict in space does occur, the actor willing to accept these risks is favored to win, especially if the adversary leader’s first thought is to consult a lawyer, which is a fight already lost unless decisions are already made and legally vetted. 32 Logically, Hyten believes the solution to dominating space is for the United States to treat the global commons of space just as it treats the air and sea.33 For example, to preserve its perceived right of global commerce, the United States built the strongest navy in the world and only when dominance of the seas was established did the U.S. work with international partners to establish the laws of the sea. The U.S. Air Force was created in much the same way—once the Air Force negated hostilities from the air, regulations and civil aviation laws emerged globally.34 Simply put, peace grows from strength and dominance. This remains the stance of the United States as it formulates the establishment of a sixth military branch—the “Space Force.”35 However, in both previous cases, a centralized international entity was not solidified to maintain global stabilization. Also, today, the transparency inherent in global cooperation gives governments and the United Nations awareness of activities such as rocket launches even before such events occur. Todd Harrison’s Center for Strategic and International Studies report argues that a military space force within the Department of Defense (DOD) is not an adequate solution. Referencing a 2016 Government Accountability Office study, he elaborates that with over sixty agencies between the DOD and intelligence community responsible for the acquisition of space technology, a space force within the military will not consolidate authorities and streamline the acquisitions process as intended. Rather, he suggests establishing a Department of Space with a secretary of space focally responsible for all space-related activities. He argues that a secretary of space would consolidate authorities and potentially expedite acquisition of space capabilities (thus spanning the entire federal government and addressing the aforementioned issues).36 However, a space force will not deter the rate that our adversaries increase their space capabilities. History tends to repeat itself, and this Cold War mindset of promoting peace by building military power greater than an equivalent adversary’s will most likely increase rates of production instead of curbing them. Hopefully, restraint will prevail now as it did during the Cold War when global leaders were considering the mutual destruction of each another. The Cold War mentality is a reactive approach that keeps the United States grounded in a defensive posture. Rather, the U.S. needs an offensive mindset focused on dominating space. A space force will not solve a leader’s reluctance to delegate authorities because vague international law constricts their understanding when determining proportionality of action. It is difficult for leaders to trust a subordinate’s decision when they do not understand the framing of the problem set themselves, let alone determine a solution to navigate the national and strategic consequences. In turn, the concise decision cycle required to effectively defend the nation’s space capabilities is elongated by briefings, disagreements, approval boards, and legality debates through bureaucratic chains of command. With over sixty nations already utilizing satellite payloads, adversaries demonstrating advanced tactics to control space, and entrepreneurs commercializing the newest global commons, the increasing congestion demands the United States expand its internal policies to proactively establish international regulations.37 Dominating Space by Delegating Authorities The United States’ 2018 National Defense Strategy defines the purpose of the DOD as allowing civilian leaders to operate from a position of strength. Several specified tasks to accomplish the former Secretary of Defense James Mattis’s intent directly apply to space, the priority of which is to defend the United States from attack. Other applicable tasks include deterring adversary aggression, maintaining regional power across the world, ensuring the five physical domains remain free to use, and changing the speed that capabilities are produced. To accomplish these tasks, the outlined strategy suggested offering U.S. adversaries “an outstretched hand” and to remain “open to opportunities for cooperation but from a position of strength based off our national interests.” Mattis then discussed the need to modernize the space domain by prioritizing the assurance of the United States’ space capabilities. In conclusion, he stated, “We must use creative approaches … to field a Joint Force fit for our time, one that can compete, deter, and win in this increasingly complex security environment.”38 China-launch-satellites A Chinese rocket launches CHUANGXIN-3, SHIYAN-7, and SHIJIAN-15 satellites into space 20 July 2013 from the Taiyuan Satellite Launch Center in North China’s Shanxi Province. The trio of satellites reportedly were to engage in scientific experiments associated with space maintenance technologies. However, observers noted that the SHIYAN-7, a type of satellite equipped with a robotic arm for capturing and releasing other satellites, subsequently demonstrated extraordinary maneuverability, positioning and repositioning itself at different altitudes and appearing to converge to the near proximity of other Chinese satellites, prompting concern that the Chinese were actually testing antisatellite technology. (Photo by Xinhua/Yan Yan) As previously mentioned, the United States was historically the primary critic to the new and updated space regulations proposed to the United Nations. However, under new direction from the president’s cabinet, now is the time for the United States to act by offering solutions to the issues identified in Russia’s “No First Place of Weapons in Space” resolution and the joint Chinese and Russian codrafted Prevention of Weapons in Outer Space treaty. Taking the political offensive by proactively proposing solutions to the issues identified will ensure the United States negotiates from a position of strength. Without updated international space laws, authorities will remain held at the highest military echelons. Without delegated authorities, there cannot be rules of engagement. The space domain is the only physical domain without standardized rules of engagement, which is important in differentiating defensive tactics from acts of war. 39 Consider traffic-control-point procedures utilized to safely admit personnel into a military installation or forward operating base. Obstacles are in place to manipulate traffic, identities are scanned prior to admitting entrance, measures are in place to ensure proportionality of action should an incident occur, the guards are trained and armed in case of an emergency, and in extreme circumstances, quick reaction forces are on standby to assist. More importantly, the service members understand how to react to likely scenarios. They have exercised every situation to muscle memory, as a team. Without civil laws dictating the consequences of their actions, or how personnel will react to threats, the rules of engagement would be impossible to maintain because every situation would require leadership’s analysis and approval. The effective teamwork that defends key infrastructure would cease to exist. The absence of law at traffic control points is analogous to current operations in space. While there is a “status quo” of how to act in space, decisions become complicated as norms are stressed. The United States’ inaction to solve the problems it identifies in space legislature is the same issue that makes strategic leaders hesitate and consult guidance before making critical decisions should a war erupt in space. Simultaneously, rejecting semilogical treaty proposals without offering solutions, establishing a sixth military service to control the domain, and acting without gaining global consensus promotes an arms race in space. Thus, the United States will only be able to dominate space if international law is defined and authorities are delegated to the appropriate levels of leadership from a centralized authority. Recommendations for Establishing Modern International Space Policy The first step required to generate international law will be establishing a consensus on the vocabulary defined in the policies.40 Remarkably, there is no internationally defined altitude separating the air and space domain. This is an issue because the cornerstone of all international space politics is founded on individually perceived concepts of where space begins. Some define the beginning of space as where Earth’s atmosphere is no longer traceable–roughly six hundred miles in altitude (almost three times greater than the orbit of the international space station). The U.S. military and NASA award the title of astronaut to all who travel above eighty kilometers in altitude. However, the widely accepted baseline for where space begins is known as the Kármán Line, which is one hundred kilometers above sea level. At this altitude, the atmosphere is too thin to support lift in traditional aeronautics and thus represents reasonable separation of the domains.41 Defining the separation of the space domain from the air domain begins to address the limitations associated with the rules of engagement for strategic leaders of the United States government. Decisions cannot be proposed, vetted, and negotiated in a short amount of time, which is why it is important to address limitations of rules of engagements. Take, for example, the fact that a three hundred kilometer range Scud missile developed by the Soviet Union in the 1960s is capable of intercepting the International Space Station in less than ten minutes, despite it being relatively simple to produce and not a very powerful rocket.42 In a tactical situation, with bullets, explosions, and chaos on the battlefield, ten minutes is an eternity. However, in a strategic environment, where echelons of bureaucracy need to be navigated, ten minutes is not enough time for effective decision-making. Therefore, decisions must already be made, understood down to the operator level, and the operators must be certified in the actions required for success. Understanding where space begins identifies which leaders are responsible for solving the problem, which means risk can be mitigated effectively and authorizations can then be delegated to execute specified tasks down to the tactical level. Leaders at this level can then start to develop standard operating procedures aligned with these specified tasks and defend U.S. space assets, beginning the process required to dominate the space domain. Addressing rendezvous and proximity operations is also important because these tactics have an expanding usefulness in servicing obsolete and aging satellites—as retorted by Russia and China.43 Rather than banning equipment such as robotic arms or tactics (e.g., rendezvous and proximity operations), thresholds akin to spacecraft approaching the International Space Station and boundaries associated with communication satellites in geostationary orbit can be created.44 These boundaries can be assigned to all satellites in every orbit. The distance can differ per satellite based on an agreed upon criteria: the national sensitivity of the satellite, the respective orbit, and the nature of the payload mission sets. Recognizing that foreign satellites may not approach within these boundaries, unless granted permission, is critical when formulating rules of engagement.45 Spacecraft boundaries allude to a greater acceptance of defensive weapons in space. Understanding a clearly defined defensive posture and the separation between the air and space domains leads to the refinement of nuclear weapons and weapons of mass destruction in space, such as electromagnetic pulses, due to their ability to destroy electronic equipment over vast distances. NASA-atmosphere The thin line of Earth’s atmosphere and the blackness of space are featured in this image photographed 8 June 2014 by an Expedition 40 crew member on the International Space Station. The Kármán Line, an imaginary boundary roughly one hundred kilometers above sea level, is widely (but not universally) accepted as the edge of space—an important distinction as different laws govern the domains of air and space. (Photo courtesy of NASA) To ensure safe conduct of space operations for all, testing of any space weapon that has the potential to propagate debris must be prohibited to limit contamination orbiting Earth. This includes weapons such as ballistic nuclear warheads, which can remain viable for homeland security if they do not contribute debris or electromagnetic pulse effects above the Kármán Line and do not orbit the earth. Clarifying contamination in space as the intentional or accidental creation of debris generated by or from a spacecraft, no matter the amount or size, is important to securing space for all parties involved. Incidents caused by natural phenomena, such as meteor strikes, should not penalize an offending party. However, the party would be responsible for providing evidence to distinguish natural phenomena from faulty satellite equipment to not pay a penalty. In today’s international society, enforcement of space laws by only the United States can easily be interpreted as an act of war. To enforce these regulations, penalties need to be implemented proactively and globally, not reactively. Sponsoring the establishment of a United Nations’ entity to analyze the scope of an incident’s contamination and enforce repercussions, if necessary, positions the United States to shape modern international space policies in their image.46 Using the debris proliferated by China’s antisatellite missile demonstration in 2007 as an example, the United Nations entity will identify all satellite payloads in the affected orbital region. Furthermore, they will determine a monetary compensation the offending party is to pay affected parties. This value can be based on the cost to manufacture each payload or satellite, correlated with its respective age, and the satellite’s projected lifespan. To do this, a percentage fee will be required by the United Nations to generate a conventional, nonkinetic, space system used only by the United Nations entity to decommission an offending nation’s spacecraft. One percent of a nation’s total value of all space assets, both operational and nonoperational (to include all sixty nations owning space assets) should provide enough compensation to fund the United Nations entity and operational asset. While this might be viewed as a drastic measure to ensure compliance, it resolves long-standing issues of self-regulatory rules and a general lack of enforcement capability from the United Nations.47 The teams that decommission spacecraft can additionally be used to inspect compliance of China and Russia’s proposed updated space treaties prior to launch. This also enhances space situational awareness along with missile warning because unregistered launches will immediately generate the notification of all other associated parties. Conclusion The real story is about the destruction that didn’t occur because we were so precise. The real story is about the troops on the ground that were not put in harm’s way. The real story is also about the collateral damage that did not occur to civilian populations. The bottom line is our space capabilities save lives and minimize destruction. —Gen. Lance W. Lord, U.S. Air Force, retired48 Long before the federal government contemplated establishing a sixth military branch dedicated to space operations, retired Air Force Gen. Lance Lord eloquently addressed the importance of why the United States must operate freely in the space domain. Dominating space preserves U.S. military dominance across the globe because its space capabilities protect the world’s most cherished asset: human life. As U.S. adversaries make threatening advancements in space operations and technologies, the United States has a unique opportunity to regain the moral high ground through offering solutions by establishing new international space policies. The United Nations entity addresses the United States’ issue regarding the lack of forcing functions associated with Russia and China’s proposed international space policies. The United States will be positively received on a global scale by proposing such transparency in launch payloads. By sponsoring the United Nation’s entity, U.S. strategic leaders can influence the consequences for a lack of compliance to proposed space policies without being viewed as an aggressor by other world powers. This tactic will deescalate Cold War-like tensions between the United States and its adversaries while allowing U.S. strategists to preemptively formulate favorable rules of engagement. This position of political strength and establishment of international space policy will allow U.S. strategic leaders to delegate authorities, with clear rules of engagement, to tactical leaders who will generate standard operating procedures from specified tasks and effectively dominate the battlefield when the first shots are fired in the ultimate high ground. Disclaimer: The views and opinions expressed or implied in this article are those of the author and should not be considered official sanction from the DOD, the U.S. Army, the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command, or other agencies and departments in the United States government. This article may be reproduced in whole or in part without permission. Notes Epigraph. Sun Tzu, The Art of War, trans. Lionel Giles (New York: Race Point, 2017), 112. Jim Sciutto, War in Space: The Next Battlefield, produced by Ken Shiffman, CNN Special Report (video), 29 November 2016, accessed 22 January 2019, https://www.youtube.com/watch?v=j-ZBLFhblg; Ken Mondschein, introduction to The Art of War & Other Classics of Eastern Philosophy, ed. Peter North (San Diego: Canterburry Classics, 2016), xx; Maj. Aaron Sprecher and Maj. Sameek Parsa, “Gateway to Multi-Domain Command and Control: The E-3A Final Lifetime Extension Program,” Journal of the Joint Air and Power Competence Center 25 (Winter 2017/2018): 12–18, accessed 15 August 2018, https://www.japcc.org/gateway-to-multi-domain-command-and-control/; Brian G. Chow, “Space Arms Control: A Hybrid Approach,” Strategic Studies Quarterly 12, no. 2 (Summer 2018): 111, accessed 15 January 2019, https://www.airuniversity.af.edu/Portals/10/SSQ/documents/Volume-12_Issue-2/Chow.pdf. Sciutto, War in Space; Adam Frey, “Defense of US Space Assets: A Legal Perspective,” Air and Space Power Journal 22, no. 4 (Winter 2008): 79; Jean-Michel Stoullig, “Rumsfeld Commission Warns against ‘Space Pearl Harbor,’” Space Daily, 11 January 2001, accessed 15 August 2018, http://www.spacedaily.com/news/bmdo-01b.html. Michael Nayak, “Deterring Aggressive Space Actions with Cube Satellite Proximity Operations: A New Frontier in Defensive Space Control,” Air and Space Power Journal (Winter 2017): 92, accessed 22 January 2019, https://www.airuniversity.af.edu/Portals/10/ASPJ/journals/Volume-31_Issue-4/SEW-Nayak.pdf; Chow, “Space Arms Control,” 108. Sciutto, War in Space. Frey, “Defense of US Space,” 75; Stoullig, “Rumsfeld Commission Warns against ‘Space Pearl Harbor.’” Sciutto, War in Space; Frey, “Defense of US Space,” 76; Lance W. Lord, “Why America Needs Space: The Prerequisites for Success,” U.S. Air Force Space Command High Frontier: The Journal for Space & Missile Professionals 2, no. 1 (n.d.): 2, accessed 22 January 2019, https://www.afspc.af.mil/Portals/3/documents/HF/AFD-060524-005.pdf. Nayak, “Deterring Aggressive Space Actions,” 92. Frey, “Defense of US Space,” 76; Rajeswari Pillai Rajagopalan, “Beyond Outer Space Treaty—Time for New Mechanisms,” in 50 Years of the Outer Space Treaty: Tracing the Journey, ed. Ajey Lele (New Delhi: Pentagon Press, 2017), 172. Frey, “Defense of US Space,” 76–77; Rajagopalan, “Beyond Outer Space Treaty,” 173. I. H. Ph. Diederiks-Verschoor and V. Kopal, An Introduction to Space Law, 3rd ed. (Alphen aan den Rijn, Netherlands: Kluwer Law International, 2008), 125; Rajagopalan, “Beyond Outer Space Treaty,” 173; Frey, “Defense of US Space,” 77. Frey, “Defense of US Space,” 78; Rajagopalan, “Beyond Outer Space Treaty,” 174. Frey, “Defense of US Space Assets,” 78. “CLEANSAT,” Clean Space, European Space Agency, 18 August 2018, accessed 20 August 2018, http://www.esa.int/Our_Activities/Space_Engineering_Technology/Clean_Space/CleanSat. Frey, “Defense of US Space Assets,” 78. Sciutto, War in Space. “Aircraft and Space Vehicles” (Technical Committee 20) and “Space Systems and Operations” (Subcommittee 14), Space Systems—Estimation of Orbit Lifetime, 1st ed.(Geneva: International Organization for Standardization, 2011 [obsolete]), 18. Rajagopalan, “Beyond Outer Space Treaty,” 173; Frey, “Defense of US Space,” 76–77. Frey, “Defense of US Space,” 78–79. Ibid.; Chow, “Space Arms Control,” 107; Rajagopalan, “Beyond Outer Space Treaty,” 173. Chow, “Space Arms Control,” 110–14; Rajagopalan, “Beyond Outer Space Treaty,” 178–80. Chow, “Space Arms Control,” 111; Rajagopalan, “Beyond Outer Space Treaty,” 179–80. “Proposed Prevention of an Arms Race in Space (PAROS) Treaty,” Treaties and Regimes, Nuclear Threat Initiative, last updated 29 September 2017, accessed 16 January 2019, https://www.nti.org/learn/treaties-and-regimes/proposed-prevention-arms-race-space-paros-treaty/. Ibid. Chow, “Space Arms Control,” 113. Ibid., 110–14; Rajagopalan, “Beyond Outer Space Treaty,” 178-80. Sciutto, War in Space. Ibid. Ibid. Ibid.; Chow, “Space Arms Control,” 108. Associated Press, “We Must Have American Dominance in Space, Says Donald Trump – Video,” The Guardian (website), video, 18 June 2018, accessed 25 August 2018, https://www.theguardian.com/us-news/video/2018/jun/18/we-must-have-american-dominance-in-space-says-donald-trump-video. “‘Don’t Do What Others Could Do’—Lessons for Delegation and Authority,” The Military Leader (blog), accessed 4 November 2018, https://www.themilitaryleader.com/lessons-for-delegation-and-authority/. Thomas Pugsley, “Situation Overview of the Space Domain” (briefing, Space Operations Officer Qualification Course, Colorado Springs, CO, 13 September 2018). Johnathan Joshua, “USSTRATCOM Commander Offers Perspective on Space Force & Cyber Force at Air Force Association’s 2018 Air, Space, & Cyber Conference,” LinkedIn, 20 September 2018, accessed 4 October 2018, https://www.linkedin.com/pulse/usstratcom-commander-offers-perspective-space-force-cyber-joshua/. Ibid. Marcia S. Smith, “DOD ‘Moving Out’ on Space Force as Space Council Approves Six Recommendations to President,” SpacePolicyOnline.com, 23 October 2018, accessed 4 November 2018, https://spacepolicyonline.com/news/DOD-moving-out-on-space-force-as-space-council-approves-six-recommendations-to-president/. Todd Harrison, “Why We Need a Space Force,” Center for Strategic and International Studies, 3 October 2018, accessed 16 January 2019, https://www.csis.org/analysis/why-we-need-space-force. Rajagopalan, “Beyond Outer Space Treaty,” 176. Office of the Secretary of Defense, “Summary of the 2018 National Defense Strategy of the United States of America: Sharpening the American Military’s Competitive Edge” (Washington, DC: Department of Defense, 2018), 1–11, https://DOD.defense.gov/Portals/1/Documents/pubs/2018-National-Defense-Strategy-Summary.pdf. Sciutto, War in Space. Frey, “Defense of US Space,” 77; Chow, “Space Arms Control,” 111–13. Stefanie Waldek, “Where Does Outer Space Start? It All Depends on Who You Ask,” Popular Science (website), 1 June 2018, accessed 25 August 2018, https://www.popsci.com/where-does-space-begin; National Environmental Satellite, Data, and Information Service, “Where is Space?,” National Oceanic and Atmospheric Administration, 22 February 2016, accessed 25 August 2018, https://www.nesdis.noaa.gov/content/where-space. David Wright, Laura Grego, and Lisbeth Gronlund, The Physics of Space Security: A Reference Manual (Cambridge, MA: American Academy of Arts and Sciences, 2005), 90, 168, accessed 22 January 2019, https://www.ucsusa.org/sites/default/files/legacy/assets/documents/nwgs/physics-space-security.pdf. Chow, “Space Arms Control,” 110. Diederiks-Verschoor and Kopal, An Introduction to Space Law, 65; Cornelius J. Dennehy and J. Russell Carpenter, “A Summary of the Rendezvous, Proximity Operations, Docking, and Undocking (RPODU) Lessons Learned from the Defense Advanced Research Project Agency (DARPA) Orbital Express (OE) Demonstration System Mission,” NASA Technical Memorandum 2011-217088 (Hampton, VA: NASA, Langley Research Center, April 2011), 4–33, accessed 22 January 2019, https://www.nasa.gov/externalflash/dart/Resources/Rendezvous%20Proximity%20Operations%20Docking%20and%20 Undocking%20Lessons%20Learned.pdf. Chow, “Space Arms Control,” 126–28. Frey, “Defense of US Space,” 79. Ibid. Lord, “Why America Needs Space.” Capt. Nicholas Deschenes, U.S. Army, is a space operations officer serving as the lead planning officer for space control operations in the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command. He has a BS in astrophysics from the Florida Institute of Technology and is studying for an MS in astronautical engineering at the University of Southern California. Upon graduation, he will instruct physics at the U.S. Military Academy in West Point, New York. May-June 2019
03/18/2025 11:38 am
中文PC About UsNews CenterOperation ServiceFAQs Introduction Cross-border Interbank Payment System (hereinafter referred to as the “CIPS”) is a wholesale payment system authorized by the People’s Bank of China (hereinafter referred to as the “PBC”). Specializing in RMB cross-border payment clearing, CIPS takes efforts to provide reliable, efficient, convenient and low-cost clearing and settlement services. As one of important financial market infrastructures (FMIs) in China, CIPS has played a positive role in contributing to the development of Shanghai international financial center, promoting two-way opening-up of the financial sector, strengthening financial support to China’s real sector economy, serving the Belt and Road Initiative (BRI) financing and facilitating the global use of RMB. With growing demand for RMB in the cross-border transactions and the expanding scale of RMB cross-border business, it is imperative to put in place a RMB cross-border payment and clearing system. In 2012,the PBC launched the construction of CIPS (phase 1) after in-depth research and discussion. On October 8th, 2015, CIPS (phase 1) was successfully put into operation, with 19 Direct Participants and 176 Indirect Participants from 50 countries and regions all over 6 continents. The launch of CIPS was another milestone in the construction of China’s financial market infrastructures, which marked the important progress in the development of China’s modern payment system that integrated domestic and overseas payments of RMB. CIPS played a significant role in facilitating RMB being officially included in the Special Drawing Rights (SDR). As a China’s financial market infrastructure, the construction and operation of CIPS are in line with international standards in the spirit of self-discipline and compliance, and also strictly abide by Principles for Financial Market Infrastructures and Core Principles for Systemically Important Payment Systems in terms of system design and rule establishment. CIPS has operated stably with a 100% availability after its launch. The expanding scale of participants, steadily increasing transaction volumes and progressive elaboration of the system functions are clearly observed. By the end of 2019, CIPS had 33 Direct Participants and 903 Indirect Participants (from 94 countries and regions) with an increase of 74% and 413% as compared to that in 2015, respectively. Through these Direct and Indirect Participants, the network of CIPS has reached 3000+ banking institutions over 167 countries and regions. The number of participants from the BRI countries and regions has gradually increased. By the end of 2019, 1017 banking institutions from 59 BRI countries and regions (including mainland China, Hong Kong SAR, Macao SAR and Taiwan) ran their business via CIPS. CIPS is constructed in phases. After CIPS (phase 1)’s successful launch, its functions have been steadily improved, which led CIPS (phase 2) to operation consequently. On October 9th, CIPS (phase 2) put into operation the DVP settlement and supported Northbound Trading of Bond Connect, which would reduce settlement risks and improve efficiency of cross-border bond transactions. On March 26th, 2018, CIPS (phase 2) was launched on a pilot basis, with 10 Direct Participants. On May 2nd, 2018, CIPS (phase 2) was in its full operation with other qualified Direct Participants. Compared with phase 1, CIPS (phase 2) has the following features: (1) More settlement modes. The Deferred Net Settlement (DNS) mechanism has been introduced on the basis of the Real-Time Gross Settlement (RTGS) to offer a liquidity-saving hybrid settlement mechanism. (2) Supporting financial market transactions. To meet needs for diverse financial transactions, CIPS supports settlement and clearing for RMB remittance, Delivery versus Payment (DvP), Payment versus Payment (PvP), Central Counterparties (CCP), and other RMB cross-border transactions. (3) Extended service hours. The operation time of CIPS has been extended from 5×12 hours to 5×24 hours + 4 hours, covering almost all financial markets in every time zone. Considering overseas participants and their local customer’s use of RMB, CIPS (phase 2) supports intra-day RMB settlements. (4) More types of Direct Participants. FMIs as Direct Participants are introduced. CIPS is ready to have more overseas Direct Participants. (5) Improved message design. CIPS enriches message types, enlarges message scalability and optimizes message field definition, which facilitates compliance management of participants and regulators. (6) CIPS backup system. The capacity of real-time data transmission from main system to backup system improves business sustainability of CIPS. Sitemap Contact Us Term & Conditions Links CIPS Co.,Ltd. ShangHai ICP NO.15056468
03/28/2025 5:17 pm
All Images Videos Shopping Short videos News Forums Web Books Flights Finance Search tools Feedback The Watchers 2024 ‧ Horror/Mystery ‧ 1h 42m Follow Overview Cast Reviews Trailers & clips Watch movie THE WATCHERS | Official Trailer YouTube · Warner Bros.Trailer · 2:55 The Watchers (2024) - User reviews - IMDb The Watchers: a spine-chilling Gothic horror novel now ... THE WATCHERS | Official Trailer - YouTube The Watchers (2024) - IMDb The Watchers - Trailer for Ishana Night Shyamalan's Horror Film! The Watchers' review: A mystery box with limited payoff - Los ... The Watchers' Movie Unveils Streaming Premiere Date At Max What Are The Watchers In the Movie? Creatures Explained ... The Watchers' Review - Shyamalan's Horror Movie Is a Nepo ... The Watchers - Official Trailer (2024) Dakota Fanning ... Film Review - The Watchers — RMITV The Watchers The Watchers' Review: Dakota Fanning in Ishana Night ... The Watchers': Cast, Release Date, Plot, and Everything We ... The Watchers Review: Ishana Night Shyamalan Directs a Horror ... 5.7/10 · IMDb 33% · Rotten Tomatoes Where to watch In a nutshell Harrowing, Shocking, and Bleak Overview A 28-year-old artist gets stranded in an expansive, untouched forest in western Ireland. Finding shelter, she unknowingly becomes trapped alongside three strangers who are stalked by mysterious creatures every night. Already watched Want to watch See also The Exorcism 2024 film Salem's Lot 2024 film The Strangers: Chapter 1 2024 film Imaginary 2024 film Malignant 2021 film Tarot 2024 film Night Swim 2024 film Abigail 2024 film Watcher 2022 film Blackwater Lane 2024 film The Empty Man 2020 film Never Let Go 2024 film The Watchers: Revelation Movie Sting 2024 film Apartment 7A 2024 film Wikipedia https://en.wikipedia.org The Watchers (film) The Watchers is a 2024 American supernatural horror fantasy film written for the screen and directed by Ishana Night Shyamalan in her directorial debut, ... Cast … Dakota Fanning Mina, Lucy Georgina Campbell Ciara Olwen Fouéré Madeline Hannah Howland Chloe Oliver Finnegan Daniel Alistair Brammer John Siobhan Hewlett Mina's Mother See more Feedback Why to watch Reviews aren't verified by Google Harrowing, Shocking, and Bleak View similar shows and movies "I was drawn in by the excellent trailer for The Watchers. It looked tense, fascinating, and frightening." Voice from Couch Soup "The acting is good, the movie is visually stunning and the score is a highlight with lots of surround sound effects." Voice from Reddit "The Watchers feels like a blend of previous ideas from previous projects thrown into a film of just over ninety minutes." Voice from Movies with Tarek 5.0 "this movie was amazing! had just the right amount of scares and feels. the plot twist was my favorite part, I audibly ..." 5.7/10 IMDb 33% Rotten Tomatoes 46% Metacritic 65% liked this film Google users Release date: June 7, 2024 (USA) Director: Ishana Night Shyamalan Starring: Dakota Fanning; Georgina Campbell; Olwen Fouéré; Oliver Finnegan Screenplay: Ishana Night Shyamalan Running time: 1h 42m Distributed by: Warner Bros. Pictures, New Line Cinema Feedback Audience reviews 3.4 (1,428) Reviewers found the acting to be excellent and the storyline to be compelling, with Dakota Fanning's performance being particularly praised. Some viewers found the pacing to be slow and rushed, while others felt it was boring and a waste of time. ...ector Ishana Night Shyamalan! Beautifully shot (makes you want to visit Ireland) Dakota Fanning gives a stellar performance and the script is suspenseful. Just when I thought I had it ... 5.0 Eartha Holland Google · 9 months ago ...rk fairytale with mod twist. Central to this movie is the wonderful Dakota Fanning a strong dramatic performance that sets up the theme of transformation that's explored in the movie. People disappear when they en... 4.0 Michael Soo Google · 9 months ago ...erplexed by the poor reviews. This was a riveting movie with exceptional cinematography, gripping sound design, and a pulse-pounding sound track all of which served the story and narrative pace very well. Ishana is a talent to watch!... 5.0 Vinay Chandra Google · 9 months ago ...Very slow paced with an ending that was highly predictable. The characters lacked persona... 1.0 Cait Jenn Google · 5 months ago ...t horror fantasy’s I’ve seen. Main plot felt slightly rushed and would have liked to see more aspects of shorter Scenes. Would have been and amazing s... 4.0 Millie Piddock Google · 9 months ago ...fferent quality than talent. The pace was slow, intending to add to the suspense I am sure, but I returned to boredom 3o mins in and am hoping the next hour will be less painful than I am expecting it to be. In the end I’m disappointed ... 2.0 Lee Jones Google · a month ago View all AI overviews are experimental.Learn more Feedback People also ask What is the meaning of The Watchers? Is The Watchers a good film? What true story is The Watchers based on? Who are The Watchers according to the Bible? Feedback IMDb https://m.imdb.com The Watchers (2024) A young artist gets stranded in an extensive, immaculate forest in western Ireland, where, after finding shelter, she becomes trapped alongside three strangers, ... 5.7/10(55,831) User reviewsFull Cast & CrewPlotThe WatchersParents guideIshana ShyamalanBook Tickets Trending horror films 1 Companion 2025 ‧ Horror/Sci-fi 2 The Gorge 2025 ‧ Action/Horror 3 Afraid 2024 ‧ Horror/Drama Rotten Tomatoes https://www.rottentomatoes.com The Watchers (2024) The Watchers follows Mina, a 28-year old artist who gets stranded in an expansive, untouched forest in western Ireland. When Mina finds shelter, ... 33%(181) 180 ReviewsThe Watchers PicturesIshana ShyamalanDakota FanningMost Anticipated Horror...Georgina CampbellView All Cast and Crew Reddit · r/movies 1K+ comments · 9 months ago Official Discussion - The Watchers [SPOILERS] : r/movies A young artist gets stranded in an extensive, immaculate forest in western Ireland, where, after finding shelter, she becomes trapped alongside three strangers. Don't believe the critics, The Watchers(2024) is a GREAT horror movie r/horror · 20+ comments · 2mo The movie "The Watchers" is basically from - Reddit r/FromSeries · 70+ comments · 6mo Short videos … 📽️ The Watchers (2024): Gözler üzerinizde! Ormanda yalnız bir kulübe ... Instagram · sinemakoridoru The Watchers (2024) 4K SHORT Review | Is This WORTH A Watch? #thewatchers ... YouTube · MidLevelMedia "The Watchers" Official Trailer | Video: @WarnerBrosPictures YouTube · HOLLYWOOD INSIDER The Watchers (2024) #moviereview #review YouTube · Special Mark Productions Review of THE WATCHERS from Ishana Shyamalan YouTube · Alise Chaffins The Watchers Movie Review - Just Leaving the Theater YouTube · Adam Does Movies The Watchers | In Cinemas on June 14 #Shorts YouTube · Warner Bros. India The Watchers | In Cinemas Now #Shorts YouTube · Warner Bros. India The Watchers | In Cinemas on June 14 #Shorts YouTube · Warner Bros. India The Watchers | Official Trailer YouTube · CATCHPLAY PLUS Indonesia Feedback The Watchers - Watching the world evolve and transform https://watchers.news The Watchers - Watching the world evolve and transform The Watchers is a specialized daily news service with an objective and informative approach to all significant Earth-related events. Wikipedia https://en.wikipedia.org Watcher (angel) A Watcher is a type of biblical angel. The word is related to the root meaning to be awake. It occurs in both plural and singular forms in the Book of ... Netflix https://www.netflix.com Watch The Watchers When Mina's car breaks down in a bleak forest, three strangers take her into their bunker — where mysterious creatures take note of their every move. Nerdist https://nerdist.com THE WATCHERS Is Unwatchable in Almost Every Way Jun 6, 2024 — The Watchers is a perfect case study in why things like exposition, plot, characterization, theme, and narrative structure are important in storytelling. People also watch Baghead Daddy's Head The Soul Eater Watcher Apartment 7A Hold Your Breath The Demon Disorder The Empty Man More movies like this Psychological thrillers Suspenseful movies IMDb https://www.imdb.com The Watchers (2024) - User reviews Overall, a decent debut film that highlighted a fresh look at folk-lore. The frustrating characters and some silly moments did prevent it from being:


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