The US government is aghast that there is a new grouping of nations that seeks to form an alternative to the US trade bloc and trade settlement system that uses the dollar. These nations have been driven to this extreme, time-consuming, and difficult project by clueless US leaders who have imposed sanctions on Russian assets (literally stealing them) and have denied Russia and other nations from using the SWIFT messaging system for trade settlement.
In this way, the US hopes to preserve the dollar’s premier status as the world’s reserve currency and its world leadership based upon the dollar and its military might. I have a better, cheaper, and more peaceful way to accomplish these US goals (i.e., remove every incentive to leave). It’s as simple as that. At a minimum that means preserving the purchasing power of the dollar and ending the policy of confiscating the assets of other nations, even those with whom the US has serious disputes. In other words, end coercion and begin real world leadership based on trust and fair dealing.
This will be a tall task, because what nation today would believe in America’s honesty, integrity, and commitment to international law? Nevertheless, it is the only way that the American-led West can find its place in a new world. There is a new world coming and the US must be a part of it if it wishes to prosper well into the future and not just through the current election cycle.
I disagree with the authors proposals for keeping people on the dollar standard. My disagreement lies in the area of who should control the value of the dollar, some neutral party outside of the US or people in the US, themselves. We already have outsiders in control of the value of the dollar: the Federal Reserve Bank, which is owned by subscribing banks which are by-and-large owned by Rockefellers and Rothschild. They are not the people of the US, they are something else: globalists. Do you think we should follow all of this fellow’s recommendations? Please change my mind.