Ukraine events deal a blow to the global power of the dollar

5

The military operations in Ukraine have actually divided the world into three camps: the US and NATO, Russia and China, and all other countries that are more or less neutral. Many of them (UAE, Egypt, Saudi Arabia and others) are guided in this case by their own interests.

At the same time, more and more countries are witnessing the decline of US power, seeing their hasty withdrawal from Iraq and Afghanistan. Relinquishing Washington's monopoly on world order could become a reality in the coming years.



Along with many other processes, this is reflected in the weakening of the dollar as a world currency. More and more countries prefer to trade in national currencies, not being tied to the US dollar. Thus, Xi Jinping called on the oil-bearing states of the Persian Gulf to sell black gold to China for yuan. Over time, this may establish it as one of the major international currencies.

A negative role for the United States in this regard is also played by the growing public debt, which has reached $31 trillion. Observing unfavorable processes in economies In the United States and other Western countries, against the backdrop of energy price turbulence, largely caused by the Ukrainian crisis and anti-Russian sanctions, most countries are increasingly moving closer to China and Russia.

Given the growing power of the PRC, it cannot be ruled out that in a few years the yuan will become a full-fledged alternative to the dollar. This will deal a severe blow to the global leadership of the United States and could lead to the decline of its military and economic power.
  • maxpixel.net
Our news channels

Subscribe and stay up to date with the latest news and the most important events of the day.

VK Zen Telegram
5 comments
Information
Dear reader, to leave comments on the publication, you must sign in.
  1. trampoline instructor
    trampoline instructor
    -2
    26 December 2022 12: 04
    Observing unfavorable processes in the economies of the United States and other Western countries against the backdrop of price turbulence for energy resources, largely caused by the Ukrainian crisis and anti-Russian sanctions, most countries are moving closer to China and Russia.

    Maybe someone is getting closer to China, but so far Russia is clearly being bypassed, given that these are quantities of a completely different order.

    Given the growing power of China, cannot be ruled out that in a few years the yuan will become a full-fledged alternative to the dollar.

    Yes, right after the crayfish whistles on the mountain. laughing
    1. lord-palladore-11045
      lord-palladore-11045
      0
      26 December 2022 12: 20
      The Jews are waiting for a sign, but the Greeks are looking for wisdom.
  2. prior
    prior
    0
    26 December 2022 12: 19
    more countries are witnessing the decline of US power

    There is such an expression "to wash off in time."
    That is what the US did in Afghanistan.
    Russia to the state of "American decline" still needs more than one decade of intensive development.
  3. Jacques sekavar
    Jacques sekavar
    +1
    26 December 2022 12: 38
    The start of the struggle for the redivision of the world was given by D. Trump's prohibitive duties on Chinese goods, and the NVO of the Russian Federation in Ukraine gave the economic process a military content. As a result, an amorphous group was formed from China, the Russian Federation, Iran, North Korea, Venezuela, due to different interests and a common desire to negotiate with the United States, which would mean for the United States the loss of absolute dominance in the world, which they cannot agree to. This predetermines further political, economic and military confrontation, in which the dollar is the main weapon, and its main opponent is the Chinese digital currency launched in 2020 under the designation e-CNY.
  4. gosha smirnov_2
    gosha smirnov_2
    0
    27 December 2022 04: 37
    China and the United States are different sides of the ONE coin. They are strongly interconnected. At the end, after emerging from the global economic crisis (another change in the technological order), BOTH countries will come out weakened, but already having new places in the "world ranking table" (that is, a kind of pyramid, where the USA is still at the top). But who and where it will be is a big question for today. And, most likely, without a big war, the USA will NOT be moved from the top. The dollar has a unique status and will fall last, if at all .He is not just an equivalent or measure of value at all.
    Next. The US national debt in its structure is about 70% debt exactly to itself. This money will stupidly burn out partially during the next fall in the stock market, and another part will be eaten by inflation. The rest of the money will go to the driver sectors of the new technological order (it began to actively form around 2018 and money is already going there - more precisely). But this is not so much the point. The United States has achieved the main essence of capitalism - monopoly. .They have it global. And this is thanks to the dollar. And the monopoly can be destroyed ONLY from the outside and it doesn’t really matter how expensive the content is for its beneficiaries - they write the rules of the game and can always change them in their favor.
    And the Americans left Afghanistan so quickly and almost completely from Iraq for a banal reason - they perfectly remembered the rule not to fight on two fronts and knew for sure that they needed resources for the war between Ukraine and the Russian Federation. This turned out to be much more important for them. And I personally here on the site he also wrote that people are completely in vain rejoicing, such as the flight of the Americans from Afghanistan. Everything is not so simple. And this is a bad bell and there is nothing to rejoice about: the trap opened and the Russian Federation did fall into it.