Washington clowns coercing the world to break away from American controlled systems. China offering the alternatives

Remember the Global South is fast developing and expanding economically as Chinese investments and infrastructures help them to progress. As I always say, progress and becoming wealthy is not the prerogative and monopoly of the Anglo-Saxon Whites. It is a universal aspiration now being unleashed by China's example. BRICS may still be seen as just an irritant but will soon be more than that.

The Global South is an expanding market for China whichever way they may want to propagandize and demonize it regarding the Chinese help given as a debt trap. The USA market is not China's priority going forward. It will be a huge loss for USA consumers and a big gain for the Global South. No two ways looking at it as well.

The bigger picture is what effect that will eventually be if countries begin to see the benefits of trading in their own currencies instead of being held hostage by the US$ hegemony at huge costs. The exchange rate losses resulting from ridiculous currency exchanges trotted out in big deals like the oil trade is nothing that sounds like peanuts to small and poor countries. If they can cut down on such losses, why still stick to using US$ for trade. Same as smaller deals made under credit card spending that is losing steam in the face of other payment systems that does away with currency conversion for every purchase done using credit cards.

For decades, the whole world had been held hostage by the USA weaponizing its US$ hegemony. Now, with BRICS, the game is changing. The USA can continue to create more opportunities for countries to shy away from using the US$, which is of no benefit to itself. Trying to invoke secondary sanctions is another nail in its US$ hegemony coffin. It is going to backfire badly.


Anonymous