“Today’s U.S. authorities are breaking their ‘tools of greatness.’ The dollar is one of the few instruments of today’s greatness of the United States. They are pushing the global economic agents away from the dollar with their own hands. It will happen anyway due to the shrinking of the U.S. economy, but they are accelerating this process,” Putin said, according to the translation provided by the Kremlin. “Naturally, new instruments are emerging, such as financial instruments of the central banks, which we discuss within BRICS.”I agree with Putin in what he said here. Yes, the United States, as a result of the policy it is following, is breaking with its own hands the “tools of greatness” as Putin called them. They are sowing war and hatred everywhere, so it is natural that a day will come when they will reap what they sowed with their own hands.
Yes, the United States, as a result of the policy it is following, is breaking with its own hands the “tools of greatness” as Putin called them. They are sowing war and hatred everywhere, so it is natural that a day will come when they will reap what they sowed with their own hands.
Politically, yes, many countries in the world have become hesitant to support the policies of the United States, but economically, the dollar is still the primary controller and is important in the financial markets, and even attempts to replace it with the euro or the yuan have failed.Yes, I agree with your opinion that the alternative does not exist or is not yet ready. Although many countries have come to wish for the dollar’s dominance to disappear, they have not yet dispensed with it because it is the strongest and most stable currency in the world so far.
Also, the yuan, due to the nature of China, will not be an ideal alternative, so many banks have resorted to trying to diversify their economy away from the dollar by buying gold and concluding exchange deals, but the road is still long and we need years before we see a real impact on the dollar.
Putin says it is become a neocolonialism, I say it has already been it for a long time.
I mean, they invaded Iraq just because Saddam didn't want the Oil deal to be made in US Dollars
BRICS is the most formal alternative to this neocolonialism the USA has made.
Politically, yes, many countries in the world have become hesitant to support the policies of the United States,
“India is giving a face-off to our (northern) neighbour in almost all the fronts we have with them. Wherever there is a mountain pass, we are stationed there to face the eventuality. Wherever there is a road, we have to be ready there. So that way we are there, we are standing against a bully in a very determined fashion. And we expect that our friend, the U.S., will be there with us in case we need their support,” Mr. Aramane said.
So, yeah the world is slowly ditching USD.The world? I do not agree, the world is far from ditching the U.S dollar. I hear all the talk about de-dollarization, especially amongst the brics nations, and sometimes i have a feeling it comes from a place of envy and hatred for the U.S dollar. If the U.S. dollar is going to cease being the world's reserve currency, it is not happening anytime soon.
So, yeah the world is slowly ditching USD.The world? I do not agree, the world is far from ditching the U.S dollar. I hear all the talk about de-dollarization, especially amongst the brics nations, and sometimes i have a feeling it comes from a place of envy and hatred for the U.S dollar.
Ask every single one of those who preach for the death of the USD how much USDT they have in their crypto wallets of how much they use USD stable coins and how much they use rupees or rubles!!!!It is rather ironic, some of them probably do not even know that when they store or use usdt, they are 'indirectly' using the U.S dollar through a stablecoin. I have been hearing about the death of the U.S dollar for a long time, but nothing of such is happening, and right now i understand that it is more of a wish than what is realistic.
Find the balance, Biden/Trump will say something better than what it is, and Putin will say something that is worse than what it is, where the balance is would be somewhere between those tow without a doubt.You don't need to listen to anyone, the facts are there for you to check over the internet, check how many countries still use the dollar for international trade and how many have stopped, also check how many countries seek help in one way or another from the U.S. if you are honest after doing your research, you'll come up with the truth, without listening to anyone.
You don't need to listen to anyone, the facts are there for you to check over the internet,