Wednesday , March 29 2017
Home / Spectrum / Russia and China present a serious danger to the dollar

Russia and China present a serious danger to the dollar


While people were giving their attention to other news, case against the Russian government was settled by the Permanent Court of Arbitration in The Hague with $50 billion to shareholders of the former oil company Yukos. Following this court decision, the governments of Belgium and France have frozen Russian state assets in their countries.

It is interesting how this decision emerged at a time when Greece is expected to solve their issues with EU. Greece has been making proposals to Russia to help it out of the problem. IMF and other major multilateral institutions are all puppets guided by Washington’s foreign policy agenda. If a country turns to Russia in time of the crisis, it will experience serious consequences.

The Washington’s agenda is to make the US the center of foreign affairs and monetary policy, while other countries work as servants to fulfill the US instructions. However, Russia and China defy to the idea of unipolar world guided by dictatorship of the US. But, things are starting to change because the world is tired of Washington’s massive transfer of wealth.

The Europe tried to diminish the dollar status by introducing euro, but euro is collapsing. Europe was never actually considered as a threat to the US, as Europe operates under the wing of the US. Instead, Russia and China present a serious danger to the dollar because the two countries have what it takes to form another monetary system to compete against the dollar.

The US is aware of this and that is why the US government with its allies is doing everything it can to have coverage to start a war. Russia’s asset seizures are a product of politically-motivated actions.

The US is fully aware that Russia will not bow to its reign but still keeps doing anything it can to punish Russia for being independent. The US is behind every action against Russia, and those include economic sanctions, attempt to freeze Russia out of world financial markets, to take away their hosting of the 2018 World Cup and the confiscation of Russian state assets.

So far, the Russian answer was very controlled. But, if the pressures continue, it will only guide Russia to strike a Sino-Russian monetary arrangement that will eventually dethrone the dollar. Moreover, if the US continues their harassment, their fears will come to life and that means that the monetary system guided by dollar will come to an end.


Check Also

Turkey, NATO: Getting closer to divorce

It appears that relationship between NATO and Turkey is no longer mutually beneficial. Turkey has …

Please support the site
By clicking any of these buttons you help our site to get better
Social PopUP by SumoMe