Global to the US dollar movement "Washington destroyed yourself"

Russian President Putin recently held an economic issue with Russian government officials that the Western economic lightning war on Russia did not work. Russia is confidently responding to Western financial and technological aggression. Come down.

He emphasized that in order to ensure the "security buffer" of the economy under the current conditions, the process of "de -US dollar" in Russia and the world is inevitable.

Russia's economic performance has allowed the West to try to completely weaken Russia's abacus through overtime sanctions.

The new round of "going to the US dollar" caused by this is probably greatly exceeded the US expectations.

"Sanctions on Russia have become Western oolong balls"

Russia's "going to the United States" is completely American, and it has begun since the Crimean crisis in 2014.

Since then, Western countries led by the United States have initiated multiple rounds of sanctions against Russia, trying to solve Russia outside the world economy and international financial system. In the process, Russia has greatly reduced its holdings of US Treasury bonds and US dollar assets, while continuously increasing gold reserves.

According to the Russian central bank data, compared with 2014, the proportion of foreign currencies such as US dollars in existing foreign exchange reserves in Russia has fallen sharply.

After the outbreak of the Russian -Ukraine conflict in February this year, the western and Western upgrades have been sharply upgraded to Russia's sanctions, which not only freezes overseas assets such as the Russian central bank and other large state -owned financial institutions, but also kick some Russian banks out of the US -led Global Bank Financial Communications Association payment system ( Swift).

In response, Russia used the local version of the financial information transmission system (SPFS) that has already developed to partially replaces SWIFT.

As of June this year, 70 financial institutions in 12 countries have access to the SPFS system.

Correspondingly, Russia quickly introduced the "ruble settlement order", so that the ruble's exchange rate on the US dollar will not rise under Western sanctions.

At the same time, most Russian crude oil found new buyers in Asia. Iran, Turkey, India, etc. are worried that countries that have been sanctioned by the United States have also actively cooperated with Russia to step up the use of non -US dollars for trade settlement.

India's "Business Standards" commented that the connection between the United States cutting off Russia and Swift will only allow people to pay attention to the necessity of global trade "to the United States."

"In the current geopolitical and economic background, the formation of new strategic alliances and the development of regional market systems is a prerequisite for obtaining legitimate interests such as India and other Eastern countries."

India's "news clicks" website pointed out that the reason why sanctions against Russia became Western "oolong balls" because sanctions were based on misjudgment.

"They (Western) originally thought that sanctions would quickly make Russia yield, and some people even talked about Russia's regime change issues, but all this has proven to be completely unrealistic."

Go to the US dollar: The global sports in the ascendant

Relying on the hegemony established after World War II, the US dollar gradually turned from an ordinary payment, settlement and investment carrier to the American political blackmail and coercion tools.

Utilizing this tool, the United States can not only give unilateral sanctions on other countries, but also pass the interest rate risk and harvest global wealth.

In order to suppress the high inflation that has not been encountered in the country for 40 years, the Fed has raised interest rates four consecutive times this year, and said that it might be a greater rate of interest rate hikes in the next few months.

Promoted by the Fed's continuous interest rate hike, the US dollar index reached a new high in nearly 20 years, and multinational currencies have depreciated sharply against the US dollar.

Because about 70%of global trade is priced in the US dollar, appreciation of the US dollar will not only increase the import costs of many countries, but also allow economies to repay debts with US dollars, especially economies with insufficient foreign exchange.

As the United States increasingly regards the US dollar as a tool to seek geopolitical interests and curb the rise of other countries, "US dollar credit" is also increasingly anti -bullish.

More and more countries are eager to give up the dollar as the main trade currency and get rid of the restraint of the US dollar hegemony.

An important manifestation of the acceleration of the "de -US dollar" operation is that many countries, including some American allies, have reduced their holdings of US debt and began to pursue the diversification of foreign exchange reserves in their country.

A report released by the International Monetary Fund (IMF) showed that as of the fourth quarter of last year, the US dollar's share in the global central bank's international reserve has fallen to 58.81%, a new low in 26 years.

In the words of the US "International Bank" magazine, "We are witnessing a global global roll for the US dollar."

The article believes that considering that about a quarter of the world's population is directly affected by US sanctions, "the increase in the development of the US dollar around the world may not be surprising."

Former US Assistant Finance Secretary Paul Craig Roberts pointed out in an interview recently that Russia -Ukraine's conflict has lasted for more than half a year. US sanctions have made Russia finally recognize the true face of the West, and instead find real partners and speed up the United States Western -controlled international system. In this sense, the White House led by Biden "regained the Kremlin and destroyed the European Empire of Washington."

Roberts bluntly stated that the US hegemony after World War II has always relied on the US dollar world reserve currency status. After the sanctions of the Biden government began to keep the world away from the US dollar, this privilege was no longer safe.

"Once the dollar becomes just another kind of banknotes, the strength of the United States will collapse." In fact, it is "Washington's own destroyed hegemony."

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