USA in recent years, regularly unleash financial war against those countries that dare to assert their own independent economic policy. Today in Washington, the endless sanctions against Russia. And against Turkey — huge import duties. All because both countries recently decided to refuse calculations in dollars in international trade. Who’s the next victim of American aggression?
With the dollar good-bye!
The U.S. dollar is already very long considered a major world currency standard that is bound to any other national currency. So most international transactions are denominated in U.S. dollars. In addition, it is also the reserve currency for many States. Such a financial system on the planet formed after the Bretton woods conference in 1943. That it is time to abandon the hegemony of the dollar, say for a long time. But really loud and seriously stated this at the BRICS summit, which was held in late July in Johannesburg.
To attempt rejection of the hegemony of the dollar, the BRICS have moved long ago. Even in 2015, was put in place contingent reserves (Contingent reserve arrangement), conceived as an alternative to the International monetary Fund (the latter, incidentally, also established in 1943 at the Bretton woods conference). The purpose of introducing this mechanism is to rid the BRICS countries from the pressure of dollar liquidity.
The same purpose was established the New development Bank with an authorized capital of $ 100 billion (the equivalent in national currencies, of course). It headquarters in Shanghai, and the first regional office was opened in Johannesburg.
Among the new financial instruments — the emergence of crypto-currencies of the BRICS, and also a counterpart of special drawing rights (SDR). In addition, China has already proposed to introduce futures oil contracts with “gold” (not dollar!) coating.
By the end of 2017 the volume of mutual trade between the BRICS countries exceeded $ 102 billion. Not so much. And why it is especially important that the South African summit agreed to continue de-dollarization of their economies, not just BRICS countries, but also Turkey, whose President Recep Tayyip Erdogan intends to join the interstate unit.
To beat the United States should be their weapon
Turkey wants to transfer a trading operation with the largest foreign trade partners (including Russia and China) in the national currency. This will allow, according to Erdogan, to get rid of economic and political pressure of the United States.
Today our relations are really at the lowest point in many years: the us administration criticized official Ankara plans to supply Russian s-400, in the growing relations with Iran (including the military), the increase in duties on American goods and many more. Turkey is seriously affected by a US trade war: from the beginning, its national currency has depreciated by 20%. And now the real value of the Turkish Lira at the lowest level in history.
But Erdogan is waging a consistent and tough policy in the confrontation with the United States. In may he addressed the nation with the requirement of getting rid of American dollars, converting them into national currency — the Turkish Lira.
But at a press conference after the South African BRICS summit, Erdogan promised to issue government bonds denominated in yuan to counter the “biased” Western ratings agencies and to diversify the sources of financing of the national economy. Erdogan also urged the IMF to nominate their loans in gold instead of dollars to “save the state and the nation from American currency.”
Russian officials, such statements do not hurry — even on the background of statements of the US state Department on the introduction of an unprecedented tough (and, in fact, absolutely no motivated) sanctions against Russia. Except that Senator Igor Morozov said that the response to the aggressive rhetoric of Washington should be a massive dollar dumping.
— All countries which lay the national sovereignty in its foreign policy, should make every effort to transition to settlements in national currencies, — said Morozov.
The rapidly changing global geopolitical situation “Free press” was discussed with our resident expert, senior researcher, Institute of Oriental studies, Professor Mikhail Roschin.
“SP”: — Mikhail, the final version of the anti-Russian sanctions are not yet known. In General, in your opinion, how far the American establishment willing to go?
— In the US in the circles of the political elite woke up the demons of the Cold war. In the end, in the face of Russia Washington again acknowledged serious force, and therefore, the enemy. Russian card actually turned into one of the main tools of American political struggle.
But the decline in anti-Russian rhetoric can contribute to the success of the Republicans in the upcoming fall midterm elections in Congress. Such a victory may make a decisive break, to strengthen the position of trump, and then anti-Russian attacks of his opponents will gradually decline.
“SP”: — amid increasing us pressure, Turkey has asked the BRICS. What do you think, obliges you to continue to get closer with Turkey because of their common anti-Americanism?
— Obviously impulsive policy trump “blows” prevailing today in the international community’s political balance. We see it in the formation of new relations of the USA with European allies and in the revision of our relations with Turkey. Sure, in the new Turkey, more and more of it will move closer to Russia. And gradually — with Iran.
Thus brings us together with Turkey not only the growing political interaction and common economic interests. Economic cooperation between Russia and Turkey arose at the dawn of “perestroika”. But in our days it is obvious that the number of connections grow into a new quality. And both presidents, Putin and erdoğan, fully aware of its importance and potential for our two countries.
“SP”: — the United States threatened to reduce the level of diplomatic relations with Russia. Is this, in your opinion, and complete rupture of military-political contacts on Syria? That could lead to a real military confrontation with the Americans in the middle East?
In my opinion, a certain interaction between the Russian and American military in Syria will continue. Just the us military, unlike politicians, are not interested in increasing the degree of confrontation with Russia. This position also contributes a calming note that political hawks ignore not.
The us military, unlike politicians, understand how unpredictable consequences can lead to a possible collision of the two sides. In particular in Syria, where both groups are very dangerously close to one another.
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