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Col RN Ghosh Dastidar (Retd)

Col RN Ghosh Dastidar (Retd)

Col RN Ghosh Dastidar is a Post Graduate from Madras University in Defence and Strategic Studies. He is a retired Mechanised Infantry Officer, with a vast and varied experience in the Indian Army of 38 years. He is a keen follower of Geo Strategic events around the Globe and a freelance journalist, in this field.

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9 Comments

  1. 1
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    Kapil Dev

    A well researched article. Overuse of Dollar as a weapon is fast approaching its limits. With economies like China gaining steam, alternate models will evolve, as hinted by the Author, resulting in lowered dependence on Dollar. However, for the near future, the Dollar will continue to be supreme. The future may offer surprises and no n exercising of caution by USA may hasten the process.

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    1. 1.1
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      Rabindra

      Belt Road Initiative of China spanning two third of the world GDP and its financing through Asian Development Bank may be a game changer , in case it is a success . Success of BRIC , namely Brazil and India as growth engines may too queer the pitch for the dollar …. but there is still miles to go.

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  2. 2
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    Asis Banerjee

    Masterpiece article from RN Ghoshdastidar on world economic scenario vis a vis muscle power of USD in bullying all the countries of the world by reigning on IMF. So precise about present various problems of economic and political scenario but concisely presented for comprehension of everybody that it is not expected from a defence personnel whose line of activity was altogether different.

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  3. 3
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    Shashank

    A very informative account of US dollar usage as a weapon for world political coercion. All encompassing article has been put forward in a simple language and makes it easy for a non financial person to be aware of the hegemony of US dollar. Hope world awakens to the US dollar nuke intime to mitigate the threats it poses.

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  4. 4
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    Ramesh Sharma

    Written in simple clear and understandable language . Very well analysed. Has depth and has apparently been very well researched. Overall a must read .

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  5. 5
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    Jitender Singh Gurjar

    I have been reading about US dollar and it’s effectiveness as a tool to maintain the US hegemony over the world for past one week. And this article of sir’s is the best I came across on the aforesaid matter. It encompasses all the minutest details that anyone having interest in geo – politics would be seeking of. A very comprehensive and lucid article well supported with data.

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  6. 6
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    Ramesh Sharma

    A very well articulated article .. the language is simple and makes the article very interesting. The analysis has been done in a very systematic and orderly manner . The USD has faded challenges from the Euro and now the Chinese currency . It still remains the world currency and will continue to do so till the near future.. overall a superb article . Apparently a lot of reasearch has gone into it

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  7. 7
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    Jitender Singh Gurjar

    For past one week I have been reading about US dollar and it’s effectiveness as a tool by USA to maintain it’s hegemony over the world. But this article of sir’s is the best I came across on the aforementioned topic. It encompasses all the minutest details that anyone having interest in geo politics would be seeking for. A very comprehensive and lucid article well supported with data.

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  8. 8
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    Prashant Kumar Singh

    Hi Col. I thourougly read your article. It has given me very clear understanding of your communication… As the economy is potential weapon for any country, through it’s driving capability of world economy. The US $ is so far maintained it’s position till now.

    Your article, even given me the fair clarity on world economy, hegemony and effect of the world economy standardisation on US$.

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  9. 9
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    B. S. Bagla, Retired Associate Professor of Economics, PGDAV College, University of Delhi, New Delhi

    Sir, the US dollar derives it’s power from world community’s distrust of the trading partners. So long as ,say, India and Bangladesh continue to settle their trade balances in dollars, both will be forced to supply goods and services to US in exchange for scraps of paper printed by its Treasury. In a way, US gets access to world resources in exchange of ‘medium’ of transactions. In additions we also maintain dollar balances , which further contribute to economic might of US. If the members of regional economic groupings start settling their mutual trade accounts with one another without involving dollar, it’s might will be seriously challange. But small client states of US, usually headed by dictators of various hues will always make a way into those regional groups and ensure that dollar stays currency of intervention.

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