10/29/2024

De-dollarization is the Archilles Heel of the USA

 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:

  1. 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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