US-Philippines Defense Treaty Under Strain as Global Economic Landscape Shifts

The Philippines relies heavily on its mutual defense treaty (MDT) with the United States to ensure its security, but recent developments have raised questions about Washington's ability and willingness to defend Manila.

Despite the US declaring the MDT 'ironclad', the country's financial landscape is under strain due to a national debt of over $40 trillion, with annual interest costs reaching almost $2 trillion. The US dollar reserve currency-based global financial system is also eroding, with gold repatriation and de-dollarization trends weakening Washington's ability to finance its military efforts.

The US has been unable to prevent the bombardment of its own bases in the Middle East since March, causing significant damage and strain on its military capacity. The country's power projection has been fractured, with asymmetric warfare tactics targeting US bases and allies. Meanwhile, key European allies have shown hesitation in supporting US-Israeli war plans.

Domestic politics and public priority also play a crucial role in Washington's capacity for military defense. Voters are increasingly asking why billions of tax dollars are being spent on foreign conflicts while domestic issues remain underfunded.