Is the US an emperor with no clothes?

Interesting two-parter from veteran academic Andre Gunder Frank at the Asia Times.

Frank argues that both the main planks of US global dominance, military supremacy and the Dollar’s status as the world’s reserve currency, are under threat.

In the 21st century, the centre of global power is likely to return to East Asia, where it rested until the 1800s according to Frank’s excellent book ReOrient.