Chinese journalist Alex Le Fay has warned of an imminent collapse of the US dollar if the US does not stop using its currency as a weapon against countries whose policies they do not like.
“Now more countries want to move away from the dollar, not because it is economically beneficial, but to avoid the hegemony of US foreign policy, which in the past two decades has increasingly used the global hegemony of the dollar as a weapon,” Lu said. This is stated in an article for the South China Morning Post.
The author connected his thought with the statement of the founder of the Soviet Union Vladimir Lenin: “There are decades in which nothing happens, and weeks during which decades happen.” And he thought that in a way it refers to revolutions and collapses of financial systems, because they always come without warning.
He stressed that Washington has long ignored the rules of international trade.
He continued: “The United States imposes sanctions on individuals, companies and countries at its own discretion and forces them out of the world market with one click. But that is not all. Now the United States tells countries and companies with whom it can and cannot trade.”
He pointed out that due to the unique position of the dollar, the White House can use the national currency as an instrument of foreign policy for a long time to come, but myopia will lead to disastrous consequences.
Source: News
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