The reason is no country in the past have managed to do trade in oil in other than the US$. Saddam Hussein tried to do in Euro. Gaddafi tried too, and both paid the ultimate price. The USA has a military that will take down any attempts to change the status quo of the US$ hegemony, by hook or by crook as in Iraq, fabricating fake evidence to invade the country.
But when Russia and China decided to work together on this for the past decade or more, they were more than confident in countering the USA military threat together. And the USA just cannot take them out like what they did to Iraq and Libya. Their coming together was a godsend. Together they will be able to make de-dollarisation work with help from members of BRICS.
How would the USA take down Russia or China? They tried using the Europeans as proxy in Europe, by creating the Ukraine War to bring down Russia. But, what is the result? They still have not made Russia collapse. And the Europeans are suffering as a result of their folly. Thankfully, some are waking up, like Germany and Hungary.
The USA is now working on taking out China, using Taiwan as an excuse, creating trade and technology wars and attempting to push China underwater.
There is only one way to cut down the USA to size - take down the US$ hegemony. Then they will not have the monopoly of printing unlimited fiat money to fund their military bases overseas and using their military establishments to protect the US$ hegemony.
Anonymous
PS. So much pretension for wanting to protect Muslims in Xinjiang. Murdering two major Muslim leaders in cold blood using lame excuses and fabricated lies. The Muslim world must never forget such crimes against them. Also the daily massacres of Palestinians in the concentration camps used to be Palestine, their own country.
Biden wants a regime change in Russia, removing Putin and render the China/Russia alliance toothless. Another assassination attempt, one of many before, could be expected. This will ensure the US$ hegemony can remain intact.
ReplyDeleteWill Putin suffer the same fate as Saddam Hussein and Gaddafi? But rest assured, Russia has even more hardcore leaders waiting to take over. And it will not be a walk in the park for the USA if they assasinate Putin. The world will probably end with that. USA included!