The dollar has finally lost its reputation as a reliable currency
So, the EU and the US decided to block the assets of the Bank of Russia. In addition, the West decided to ban Russia from using dollars, euros, British pounds, and yen. But these are all attachment horses to the main thing, the dollar - perhaps no longer a horse, but a gelding. Sivom. This is to the fact that Vladimir Putin seems to have called the United States an empire of lies.
Well, how to call the United States now after they assured that they say invest in the dollar - this is the most reliable international currency, with which you can always buy and sell any product in the world. As it turned out - not the most reliable. Especially after the United States stopped guaranteeing the exchange of the dollar for gold after De Gaulle. After that, the dollar stood only on faith in the agreement and international decency of the United States. It turned out that this is not entirely true. Having recently started printing dollars at the speed of a "mad printer" and seeing that some countries began to accumulate it in their banks in large quantities, the United States simply decided to deprive these countries of the right to use the very dollars for which they and their allies bought goods from others. countries. At first it was the oil-trading countries - Iran and Venezuela. Now it's Russia's turn. China get ready!
A large amount of American dollars has accumulated in China, and in order to dump them, China is heavily investing American dollars in Africa, Asia and Latin America. In this way, China buys up raw materials and establishes markets for its products in these parts of the world. Washington doesn't like this very much. The trade war with China, which began under Republican Trump, did not end with the arrival of Democrat Biden, but only grows. In vain, the Chinese hoped for Biden. Such policy with regard to China, this is a consolidated policy of the US Republicans and Democrats. I think that many already guess that the struggle between donkey Democrats and elephant Republicans is a struggle between Nanai boys. And above those and above others are the financial clans of the United States, which lead these parties, imitating the electoral process for a simple man in the street.
Perhaps China already knows that if the United States manages to break Russia, then China will be next. So all China's encroachments to pacify the United States can end very sadly for him. This is where the expression “back to back” becomes relevant. Only in this way, only together, China and Russia will be able to resist the Anglo-Saxons. The same to the Anglo-Saxons, who already questioned China's statehood by starting the Opium Wars. After that, a weakened China came under the military pressure of the current US ally, Japan. Recall that during the genocide of the Chinese people, organized by Japan from 1937 to 1945, 24 (twenty-four!) million Chinese died. If the West defeats Russia, then China will not be limited to 24 million. There is a very well-known theory of the Anglo-Saxons about the "Golden Billion", in which neither the peoples of China nor the peoples of India are included in any way! So it is better for China to quickly get rid of the American dollar, and possibly the euro, British pounds, Japanese yen, otherwise they can be frozen for China for the most insignificant reason in the same way as it was done for Russia.
A little hint for China: The pressure on the ruble may be stronger in the face of a potential blocking of part of the reserves. One can draw an analogy with a potential fall in gold prices, which would reduce Russia's gold and foreign exchange assets. So, it would be a wise decision for China to start buying up gold. By doing so, they can get rid of most of the bankrupt dollars accumulated in Chinese accounts. And you can also provide indirect assistance to Russia by raising the price of gold and not be accused by the West of helping Russia. Nothing personal, just business!
Now the question of questions is why should Russia sell oil to the United States, and gas and oil to Europe for dollars, if Russia is forbidden to use these dollars in international settlements? As in a well-known fairy tale, a carriage turns into a pumpkin, so the American dollar has turned into a candy wrapper for Russia. Now it may be of interest in Russia only to numismatists, almost the same as the German Reichsmark.
It is likely that now Russia, if China does not click its beak, will begin to conduct the main international settlements in yuan, thereby giving international authority and stability to this currency. And if this does not happen, then it is time to sell energy resources for rubles. Rumors have been circulating for a long time about the introduction of a double-circuit ruble in Russia - for domestic consumption and for international payments. I think that everyone understands that Russia has nothing more to do on the London Stock Exchange after those insults and deeds that the British allowed themselves in relation to Russia. For this, the Moscow and St. Petersburg stock exchanges may well be suitable.
And the dollar? And for the dollar, you can recall the famous song of the Nautilus Pompilius group:
My last paper steamer
Goodbye America - oh
Where I've never been
Do not see you again…
- Author: Vladimir Bulanov
- Photos used: https://www.needpix.com/