Financial Warfare of the Future
Abstract
The United States has successfully used economic and financial warfare in the past to achieve its strategic goals. Those methods have tended to rely on several preconditions: 1) the dominance of the U.S. dollar as a global currency and a suitable global reserve; 2) the relatively strong economic fundamentals possessed by the U.S. and its presence within the global economy; and 3) trust by the market that the U.S. dollar will preserve its value. In a future where these preconditions begin to wane, where the global market no longer trusts in the value of the U.S. dollar and is actively seeking alternative methods of transaction that by-pass the U.S., the ability of the U.S. to execute financial warfare will correspondingly decline. The U.S. will thus be forced to examine other means of waging financial warfare that would not rely upon the above mentioned preconditions. One method is to directly attack economic confidence of the adversary via exploitation of unstable equilibriums and market opacity.
Document Details
- Document Type
- Technical Report
- Publication Date
- May 06, 2016
- Accession Number
- AD1178761
Entities
People
- Allan S Chiu
Organizations
- Marine Corps University