Recently, with the end of the Russian-Turkey Conference, several achievements are gradually turning the end of the US dollar hegemony into facts. Since the beginning of this year, the United States has ignited Russia and Ukraine to crack down on the clashes, forcing Putin to carry out special military operations without sufficient preparation. Next, the United States imposed a series of sanctions on Russia in a self-righteous manner. This involves kicking Russia out of the SWIFT protocol.
looks aggressive, but it opens the curtain for the world's de-dollarization. After Erdogan met with Putin, one result was that the trade between the two countries was settled in their local currency. Before this, Russia had completed local currency settlement with Iran and many Indian countries. Saudi and China have also completed local currency settlement. When this trend begins, it cannot stop. The dollar has been suffering for a long time and has become a world consensus. The initiator of all this is the United States itself.
This point is seen through by Japan, who knows more about the United States. Japanese scholar Takeshi Kawara published an article in Nikkei.com, which deeply pointed out: "Although on the surface, the tough hike policy implemented by the Federal Reserve is making the US dollar look strong. But if you look at the income and expenditure of the current project, you will find that the US account deficit is serious.
The United States drinks poison to quench thirst by unlimited printing of money, which will only accelerate the global de-dollarization trend." In fact, US Treasury Secretary Yeron himself is very clear about this issue. She summarized this into economic laws, but the premise of this "economic laws" is that the United States fanned the flames all over the world.
There was once an argument that the United States does not want peace all over the world. Because military complex needs to sell weapons. If we start from the perspective of World Island , if the United States wants to maintain its hegemony, it will require countries around the world to continue to be popular. You can refer to the modern British policy.
China's development has shocked the world
But now the economic level has actually shown this rule. Yelun believes: "The US dollar is the most stable asset in the world. If its stability decreases, the US dollar will naturally return to the United States." This sentence is correct, and the objective law is indeed the case.
China's rapid development over the past few decades is essentially China's political stability. But stability is something that any country wants to do. How to make the world "unstable" is the science of American studies. Since the establishment of the petrodollar hegemony in the 1970s, U.S. policy has also changed. In the 1950s and 1960s, the U.S. economy was selling products.
During that period, the United States mainly did it to suppress Europe. As long as European companies are not large, the United States can continue to dump its products into the world. This situation changed in the 1970s. After the establishment of the petrodollar dollar, as long as the economy develops, the United States can obtain seigniorage by printing money. Starting from the 1970s, the European economy began to flourish and Japan's manufacturing industry began to rise.
70s France's GDP growth was strong
But after The collapse of the Soviet Union, the United States fell in love with "cutting leeks". By relying on the ability to print money indefinitely, the United States invests a large amount of US dollars in emerging markets to make profits during its economic boom. Then the US dollar was returned in the tightening cycle, creating financial storms .
From Latin America to Japan to Southeast Asia and then to EU , all of them were cut off by US dollar capital. This kind of game is becoming increasingly difficult to sustain today. Because the American allies are no longer the market for rapid development in the 1970s and 1990s, the investment location has become an independent country.
According to IMF forecast, under the background of the global economic downturn in 2022, only China, Russia, Germany and Saudi Arabia can have a large current account surplus. The current account surplus in the four countries reached one trillion US dollars.
But judging from the current situation, only Germany in these countries can return the US dollar to the United States. Needless to say, Russia has cut off its own way out. Now that part of Russia's foreign exchange has been frozen by the United States, Europe and the United States cannot withdraw its assets in Russia. Will Russia invest in the United States again? There is no need to think about this.
Saudi Arabia and China are also trying their best to prevent US dollar assets from flowing to the United States.At the BRICS summit in June this year, countries have formulated a package of monetary policies. The main purpose is to reduce the impact of the return of the US dollar on the economies of various countries. Saudi Arabia and Iran are also actively applying to join the BRICS Organization. They hope to get rid of the impact of this dollar return by joining the organization to avoid danger. The US dollar cannot return, which is a fatal blow to the United States.
Since the establishment of the petrodollar hegemony, the United States has become a financial empire. GDP relies on the large amount of liquidity generated by financial transactions. If the US dollar capital cannot return, it will cause the US $944 billion deficit in 2022.
This is completely beyond the scope that the US fiscal can afford. The United States will enter a vicious cycle. When a large amount of US dollar capital cannot flow back, it can only rely on printing money to maintain fiscal operations. The large amount of money printing will cause the global price of commodity to continue to rise, and small countries will continue to go bankrupt. More countries will seek to join the local currency exchange system established by China and Russia to avoid risks. The dollar hegemony kills itself in the system it has established.
Author/其族日本的日本, please pay attention to more military international facts, opinions and comments, or leave a message in the comment area to discuss
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