The US$ hegemony is a creation of evil men to control
the world. What can be created by man, can be destroyed by man. What man
can create, God can destroy as well.
Just look at how Hezbollah
and Iran countered and destroyed the 'Iron Dome' myth of the Israelis
that were deemed impenetrable. Now they know how to penetrate the
system. And to think that they could do it with cheap drones and rockets
against million-dollar Patriot missiles costing US$30 million a pop.
Just
look at how Russia circumvents the sanctions and destroyed the economy
of the NATO countries in the process of retaliating. The irony is that
sanctions have never been proven to work, as precedents have indicated
again and again in Cuba, North Korea, Iran and Venezuela. And yet the
USA and the West wanted to cripple Russia with sanctions. Just like
venturing into Afghanistan and getting caught in the 'Graveyard of
Empires', a US$2 trillion venture that came to nought.
Despite
the sanctions, North Korea still became a nuclear power. Despite the
sanctions, Iran is a well-developed country in terms of weaponry, with
up-to-date drone and missile technology. The only thing they lack is the
bomb, which they have refrained from getting because of religious
constraints, not because they do not have the capability. That
constraint is being relooked and is going to change.
Anonymous
It is a no brainer that the US$ hegemony had been created for the rest of the world to be disadvantaged in so many ways. Why is there a need for the rest of the world wishing to trade with each other having to use their own currencies to buy US$ in order to enable their trade to go through. In the process, the USA and Western banks were able to rip them off with exchange rate conversion differentials. The same as using credit cards for purchases overseas, changing foreign currencies into US$ and then converting it back later to local currencies.
ReplyDeleteHaving said that, it was no coincidence that the USA's dirty agenda were numerous, and the world had been stupid enough to agree. First was to enable Western banks to cream off the currency conversions both ways. Second, this enabled the USA to monitor the volume of transactions and the countries doing the trading and allowed the USA to plan their economic policies, such as what to plant in agriculture and how much to cater to next seasons demands. They could also monitor trade in other areas like metals, energy, raw materials and consumer products.
BRICS new system will do away with the expensive exchange loss conversion between local currencies and the USA, thus making trade between BRICS members cheaper and easier to be conducted. It also denied the USA the privilege of tracking who are involved in those trade, big or small. And the USA had no means to know how to tailor its foreign policy having to work on the blind, like in agriculture planning. The recent cancellation by China of 1.5 million tons of wheat purchases from the USA and Australia is one instance of how that is going to affect the global supply chain. The USA is not going to be playing the status of the food basket for the world. USA farmers are now at sixes and sevens trying to tailor demands, with China now sourcing cheaper food from Brazil and Russia, all done outside the US$. That is de-dollarization coming into focus globally.
Last and not least is the weaponization of the US$ hegemony working against the rest of the world. Time to put this evil out of business for good.
When no alternatives are available, the world it held captive by the US$ hegemony, like the conversion of currencies.
ReplyDeleteWhen there is an alternative, it would be a different way of conducting trade and spending money. If it is cheaper and faster, why not.