While the Brits lost its Empire due to lack of financial
resources to upkeep its administration in the colonies it occupied. The
USA. learning from the Brits, believes that having bases in countries
on top of its money printing privilege is the way to control the world.
This is a belief based on the assumption that the US$ hegemony does not
fall. The USA can always resort to its unilateral privilege of printing
toilet papers to upkeep these bases and logistics today. Once the US$
hegemony ends, its empire will fall like a house of cards just like the
British.
De-dollarization is the Archilles Heel of the USA.
China and Russia are not using the military option to bring down the US
hegemony unless pushed to the wall, like in Ukraine. Russia and China
lack all the resources and the money printing privilege for a military
confrontation against all the USA bases around the world. The former
Soviet Union fell for the trap of trying to take on the USA in military
spending and bankrupted itself. How could the Soviet Union do the
impossible, knowing the USA had the money printing financial muscle to
outspend it.
The formation of BRICS is for the purpose of
bringing down the US$ hegemony through de-dollarization. Nothing more
nothing less. BRICS is not a military bloc like NATO nor about Russia or
China wanting to become the next superpower. It has a more important
mission which is de-dollarization.
Trump is beginning to realize
the consequences of de-dollarization picking up pace and already
threatening countries from joining de-dollarization, which inevitably
means joining the BRICS bandwagon. He wants to erect 100% tariffs
against those countries joining de-dollarization. Trump is going to fast
track the de-dollarization movement with this move if elected. What has
the USA tried to do that did not end up shooting its own foot?
People
always say, man proposes, and God disposes. There is nothing that man
proposes that will last forever. Not Empires and not Dynasties.
Anonymous
1 comment:
Thinking that BRICS de-dollarization is not going places is good for BRICS actually. When China was rising, the USA thought little of China being able to rise. After all Chinese are all only capable of being chefs and laundrymen. No undue fear about that. Just take advantage of their 'slave labor' to make more profits and continue to enjoy reaping all the rewards. Great strategy!
Now that no undue fear is turning into great fear and desperately trying to stop China from rising too fast. It will be the same with the de-dollarization moves by BRICS. All the narrative dismissing the effects of de-dollarization is good news for BRICS to rise uninterrupted. As the Chinese saying goes 'Do not beat the grass to scare the snake'.
One fine day, the de-dollarization tsunami will come. That day is not too far off. Now it may just be a trickle scavenging upon the US$ and the USA can just look away and pretend BRICS is just an irritant. Good for the world and particularly the Global South.
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