Having said that, de-dollarization is one effective way to stop the USA's rogue and terrorist behavior. When the US$ loses its predominant position, the privilege of unlimited money printing by the USA is taken away. Just like the British Empire unable to upkeep its military due to its inability to print unlimited amounts of money for its spending on keeping its military together. The USA will face the same fate if de-dollarization successfully produces an alternative system. Which is why the USA is so provocative towards BRICS with all the threats being raised, all realistically exposing its fragility. The effect of de-dollarization may not be clearly obvious so far, but given time, will become a real threat to the US$ hegemony and to the USA hegemony. In China's hands three or four-decades long timeline mean nothing. That is the norm
Having said that, only with the backing of Russia and China could the agenda of BRICS de-dollarization move forward successfully. Other attempts have been put down decisively by the USA using its military power and propaganda machinery. Saddam Hussein called for pricing of oil in Euros, the same thing as de-dollarization and was put away using fabricated evidence of having weapons of mass destruction. Gaddafi suffered the same fate for having the same mindset. The USA will invent a reason when it wants to get rid of others. That has been its modus operandi over the last 70 odd years.
Which tells us why it is important and why it is necessary for Russia and China to helm BRICS to give it the protection that other BRICS countries really need, otherwise countries inside it will go the way of Saddam Hussein or Gaddafi.
Anonymous
BRICS is the doorway for any effective plans to deal with the USA hegemony. Nothing else is going to work.
2 comments:
Right, de-dollarization is the only way and nothing else is going to work. It may take time, but even a mountain can be levelled with time.
Trump is so bizarre, that every word that comes out of his mouth is not to be taken at face value. Not one word! He just blared out his mind depending on which side of the bed he got up from and tried to extract a response. China is making him irrational by ignoring his tantrums.
Just take the issue of meeting Xi at the APEC summit in South Korea this coming November as an example. Trump had been making unilateral wishes that Xi will meet him for talks at the summit, while Xi has not spoken a word of wanting to meet him or even attending the meeting. He followed up with that by trying to put pressure on Xi by saying it is of no benefit to meet Xi in the face of China's further sanctions on rare earth, which was later retracted. Today, he is sending again changing the script that he may not even meet Xi at the APEC meeting, taking into account the silence of Xi. Perhaps he has begun to realize that Xi is not in favor of meeting him at all. Why make to and from excuses that are untrue, knowing that he has no more cards to play?
Now Trump is putting words in India's mouth by claiming that India has agreed to buy less Russian oil, which India has just kept quiet without having to refute. India just said that India's buying of oil is all about taking care of its own interest. Now perhaps the Indians are smarter than the stupid Europeans, not knowing they are being led by the pipe piper into the sewer by following without question.
All the grandstanding about stopping countries from buying Russian energy is only an agenda hatched by the USA to force countries to buy USA energy, which China has completely cut off now. China's move is a real indication of its desire to decouple from the USA, clear and simple.
Cannot blame the Europeans doing exactly what doggies do when instructed by their master.
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