If BRICS had not been helmed by Russia and China, all
other countries that wanted to form such a grouping would all have gone
the way of Iraq and Libya. That is the reality. Saudi Arabia, Iran,
Argentina, UAE, Egypt and Ethiopia saw their chances of having relative
safety in joining BRICS, while many more other countries are queuing up
for the next intake.
That is why it is very important that
BRICS's de-dollarisation mission succeeds, and must succeed when Russia
and China are still capable of providing the military umbrella to
protect minority member's and their interest. This is the one and only
chance for the Global South countries to unshackle themselves from the
hold that the US$ hegemony is imposing on them.
For
de-dollarisation, there cannot be any other way, and it is very
important that BRIC's members stayed focused on the objective of freeing
themselves from treachery. The world would probably be still content
temporarily to let the US$ be the global reserve currency for a longer
stretch, had the USA not misused the hegemony for sanctions and using
the SWIFT system to hold and eventually seizing the reserves of other
countries. That is nothing more than daylight robbery!
The action
against Russia at the start of the Ukraine War was the straw that broke
the camel's back. Thoughout the decades, there were sanctions against
many countries, but never was de-dollarisation such a well supported
idea that most Global South Countries are so keen to follow. They could
see that with Russia and China leading the mission, the deterrent
against force by the USA against them had been rendered less imminent.
Unity is strength, division is weakness. That is why the USA is so
paranoid about China building influence all over the world and why
Global South unity is making the USA fearful and nervous.
And
lest it be forgotten, the US Military's capability to proliferate is all
possible with the free money printing accorded to the USA, to enable it
to sustain the upkeep of as many military bases as it likes, just
printing merrily away. Take away the US$ hegemony, and USA's military
might will capitulate and shrink like a deflated balloon. Therefore, for
Global South countries to help to prevent the collapse of the US$
hegemony, it is actually doing more harm to themselves and others. That
is why many are wary and asking the question of 'who is next'. Lesson
are learnt and fooling most people most of the time is not possible.
Anonymous
The USA talks so much about wanting to de-couple or de-risk from China, yet the USA Commerce Secretary just crawled to China to talk about what? Begging for Gallium perhaps or allowing part of Tianjin Port to be leased to Mongolia? Talking about one thing and doing another is their forte. That is the USA's way of conducting diplomacy and expect others to believe in them.
ReplyDeleteChina couldn't care two hoots about the USA hallucinating about decoupling or derisking and should not be taking too much interest in the visit. Too much of the same vile tactic is not going to work. Of course China knows how to conduct its diplomacy and will accomodate her visit, but will not be obliged to believe in her rhetoric. China knows very well that after the visit the USA will raise issues about China, eg the forced assimilitation of Children in Tibet. Oh, I am sorry they already did that before the visit, together with sanctions imposed, just days before her trip to Beijing. How co-incidental!
It really is eye opening that they could find so many issues to harp upon, some probably invented or plucked from thin air, just like the imaginery wealth they created out of thin air. Indidentally I came across one episode of Perry Mason in a rerun, where one mobster was telling his men to dig out the dirt on the accused, and if he cannot find any, invent them. That is how the USA works and is the modus operandi from top to bottom.