Just read the news about Chinese engineers working on
the Chinese funded port development project in Pakistan being attacked.
Hardly surprising turn of events. Now, this is why the USA needed to
fund that regime change to put their stooge into power, all to take down
all the co-operation between Pakistan and China while Pakistan was
under Imran Khan.
This is the reason why the USA had to resort
to install stooges in places like Papua New Guinea, Pakistan, Thailand,
the Pacific Islands among many others, with work in progress still
ongoing in Myanmar, Vietnam, Laos and Cambodia, all to ensure China does
not succeed in forging closer co-operation with these countries as
well.
The USA is deviously and discreetly killing two birds with
one stone by bringing PNG into its orbit to prevent China closing in on
influence in PNG, and indirectly instilling unease against Indonesia by
having a military presence just across the border. One does not know
how this will play out when Widodo's presidency ends and another USA
successfully installed stooge takes over.
This may sound
unlikely, and difficult, as Indonesia is a Muslim country with a huge
Muslim population, but Pakistan is also a Muslim country with a huge
population as well, but now under USA control via the stooge President,
the Military and USA bribed Parliament. Money is the universal passport
to subversion and control. Money talks and bullshit walks.
The
USA is attempting to start the fracturing of ASEAN unity and the group's
close ties with China. The Philippines, the known weak link in the
grouping, would be ideal, but the Philippines does not have the
capability, capacity nor the influence to carry this out. Indonesia is
the largest country in ASEAN, the biggest ASEAN economy and carries a
lot of weight in its influence on the whole of ASEAN. Indonesia and
Vietnam are the two main targets of USA's move to destablise ASEAN.
Myanmar, Laos and Cambodia will be difficult to succeed via regime
changes for the USA, as all have historical close relationship with
China, and are beyond the USA's attempt to install stooges.
Anonymous
Talking about de-dollarisation, of course it will not be an overnight change. Many are arguing that the US$ hegemony cannot be taken down. Neither was the rise of China ever envisaged. It is good that they do not take BRICS creation of a reserve currency as a serious contender, the way they were blindsided by China's rise, betting on plain arrogance. Let us see. It also took time for the US$ to replace the domination of the Pound Sterling.
ReplyDeleteThe fact that the US$ as a global currency foreign exchange reserve has been declining from about 72% in 2001 to the present 58% in a space of about two decades is significant. What is unpredictable is how fast is the fall going to be more going forward, with some big countries now doing big trades outside the US$ and using their own currencies. They do not need to hold as much US$ as in the past.
The USA can continue to print fiat money, but who is going to buy up their debts? Japan is itself in trouble, having sold off huge amounts of treasuries. So does China and many other countries. Just let the Anglo Saxon countries do the supporting as they do not mind suffering the risk and are willing to go into the sewers supporting the USA.
What BRICS's countries could do is just continue chipping away with the creation of an alternative reserve currency, supported by gold or tangible commodities and a settlement system to rival SWIFT. The idea here is 'alternative' not a replacement reserve currency for the US$ in the shorter term, that the Global South could make use of for trade. When it works, it will definitely take off, and countries will be able to avoid the sanctions game.