United Nations Facing “Imminent Financial Collapse”

Guest Post by Martin Armstrong

United Nations Secretary-General Antonio Guterres has warned that the organization could face “imminent financial collapse” unless member states pay their dues in full and on time or unless the underlying financial structure is fundamentally reformed.

“The crisis is deepening, threatening programme delivery and risking financial collapse. And the situation will deteriorate further in the near future,” Guterres said. “Either all Member States honour their obligations to pay in full and on time – or Member States must fundamentally overhaul our financial rules to prevent an imminent financial collapse,” he added.

The United States has been bankrolling the UN for decades. It has functioned in many respects like a supranational agency funded disproportionately by American taxpayers, while policies coming out of that same body are often openly hostile to US interests. That contradiction could only last so long.

During his first term, Donald Trump warned that member nations were not making their required contributions. The UN repeatedly rebuked US policy and then wondered why the POTUS suspended funding.

You cannot build a permanent international bureaucracy assuming one country will always write the largest check regardless of behavior, efficiency, or accountability. When confidence declines at home, foreign commitments are always the first to be questioned. We see this pattern repeatedly with empires and reserve currency nations. External spending gets cut when internal stress rises.

We are moving away from the post-World War II global order where the United States carried the financial burden for international structures in exchange for geopolitical influence. Those with nationalist sentiments see this as a win for the United States who has been bankrolling globalist agencies and foreign governments for far too long. What does the US receive in return? Nothing.