Say you’re an up-and-coming superpower wannabe with dreams of
dominating your neighbors and intimidating everyone else. Your ambition
is understandable; rising nations always join the “great game”, both for
their own enrichment and in defense against other big players.
But if you’re Russia or China, there’s something in your way: The old
superpower, the US, has the world’s reserve currency, which allows it
to run an untouchable military empire basically for free, simply by
creating otherwise-worthless pieces of paper and/or their electronic
equivalent. Russia and China can’t do that, and would see their
currencies and by extension their economies collapse if they tried.
So before they can boot the US military out of Asia and Eastern
Europe, they have to strip the dollar of its dominant role in world
trade, especially of Middle Eastern oil. And that’s exactly what they’re
trying to do. See this excerpt from an excellent longer piece by
Economic Collapse Blog’s Michael Snyder: (more)
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