De-dollarization would never have been gaining traction
so fast over the last two years without a reason. The action by the USA
actually accelerated the process with the seizure of the Russian assets
contributing to fast tracking of the inevitable together with the
sanctions against Russia that borders on insanity.
The
weaponization of the US$ was instrumental in setting off the fuse and
that has awakened the world to the danger of one country holding all the
cards and having all the privilege to print unlimited toilet papers and
dictating all the rules of the game. It is a self-inflicted suicide by
the USA, no one else is to blame.
The whole world now wants to
get rid of a unipolar world for a multi-polar world instead. And rightly
no country should be allowed to print money without consequences, while
any other country would not get away with it. A truly global currency
must be found that is fair to every country of the world.
Exceptionalism
is not going to save the USA this time around. Not even with all the
Anglo-Saxon Whites ganging up to support the US$ hegemony. The Europeans
will soon find out that they have been sacrificed to no avail.
God
is great in pushing Russia to the side of BRICS. A blessing actually
for BRICS that Russia is on the side of China and not the USA.
Otherwise, that would be disastrous for China alone against the
Anglo-Saxon White clique. Who is to blame? Own self blaming own self is
just apt.
Anonymous
1 comment:
The USA is now, under the surface, terrified of de-dollarization. That is why Trump is admitting that the inevitable is going to happen, whether he likes it or not by threatening countries joining in the de-dollarization wagon.
Actually, the USA had been playing down de-dollarization threat, snug in the believe that it would not succeed with the US$ and SWIFT entrenched in the global financial system, but the reality is not in its favor. That is why it is nervous and paranoid. Biden would not want and avoided talking about the effect of de-dollarization, preferring to kick the can further down the road for the next leader to handle. Trump will have to handle it if he wins in November, which is why he is raising the issue and using threats to cow countries joining the de-dollarization move.
And to put it bluntly, the USA is quietly watching to see if the BRICS global currency and settlement system is going to work. The reality is that Russia, China and the rest of BRICS are going all out to make it work, and this is sending the USA into a furious attempt to counter it by using threats. It will not work.
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