I really hope that you are not smoking some low quality Afghani OpiumTsavo Lion wrote:They r pro-Turkish guerillas, not terrorists, just like the Talibs that r not terrorists.
Why not use Turkey to cut American losses there? She wouldn't mind to be there anyway with US help, to put pressure on China & Iran in C. Asia. Together with her friend Pakistan, hopefully Afghanistan will be prevented from becoming an ISIS or some other terrorist outfit base.
+50
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54 posters
New Multipolar World
UZB-76- Posts : 28
Points : 28
Join date : 2020-09-13
- Post n°176
Re: New Multipolar World
franco- Posts : 6031
Points : 6061
Join date : 2010-08-18
- Post n°177
Re: New Multipolar World
UZB-76 wrote:I really hope that you are not smoking some low quality Afghani OpiumTsavo Lion wrote:They r pro-Turkish guerillas, not terrorists, just like the Talibs that r not terrorists.
Why not use Turkey to cut American losses there? She wouldn't mind to be there anyway with US help, to put pressure on China & Iran in C. Asia. Together with her friend Pakistan, hopefully Afghanistan will be prevented from becoming an ISIS or some other terrorist outfit base.
He lives on the US - Mexico border so who knows what he is using

GarryB- Posts : 36380
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Join date : 2010-03-30
Location : New Zealand
- Post n°178
Re: New Multipolar World
They r pro-Turkish guerillas, not terrorists, just like the Talibs that r not terrorists.
They are not guerillas or freedom fighters, they are terrorist scum and my idea to use them in Afghanistan is to use them up... ie get them killed fighting Taleban who I have more respect for... though not a lot more.
These pro turkish guerillas happily cooperate with ISIS in Syria.... sending them to Afghanistan they would likely buddy up with Al quada and ISIS there too.
But it saves American lives so the Americans will love the idea, and these nutters are a problem for Turkey because they don't want them in Turkey either... killing them off in Afghanistan solves both their problems... wouldn't be the first time the US has used Pakistan as cannon fodder or vice versa.
I am sure if the US paid them enough they would be happy to do it.
The Taleban in Afghanistan are not in power so they will be helping government forces (that the US installed) against an insurgent force (that the US has been fighting for a good part of two decades), so it should not to difficult to sell and get funding though the normal channels.
hopefully Afghanistan will be prevented from becoming an ISIS or some other terrorist outfit base.
But that is the main problem... these nutters are just as likely to side with Al quada and ISIS and try to spread the Calphate around a bit, whereas the Taleban didn't venture much beyond their own borders, and they certainly hammered the drugs trade, whereas these terrorists would probably see it as a good quick easy income.
So on the whole I don't think it is a good idea, though certainly something America would think of because from their perspective it is win win... they don't really care about ISIS and the drug trade effects Russia and Iran so that is a good side effect as far as they are concerned.
Introducing Syrian terrorists would be a cure worse than the disease.
magnumcromagnon- Posts : 8158
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Join date : 2013-12-05
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- Post n°179
Re: New Multipolar World
UZB-76 wrote:I really hope that you are not smoking some low quality Afghani Opium
The guy is a certified mental-midget. There's been countless videos from the Turkish backed murder-hobos that display beheadings of civilians, there's been videos of the Free Syrian Terrorists caging women and children and drowning them in water, there was another video of the FSA beheading a terminally ill child that they dragged from a hospital bed, another were they sawed the head off a Christian priest, and there was another video of FSA vermin ripping a heart out a dead soldier and publicly eating it.
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Tsavo Lion- Posts : 5789
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Join date : 2016-08-15
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- Post n°180
Re: New Multipolar World
that's why they won't be sent there; the Turkish mil. esp. SOFs already has experience fighting the Kurds in Turkey & Iraq as well as pro-Assad forces & recently Armenians in NK, also some troops were in Afghanistan as part of the NATO force, so this type of mission isn't new for them.These pro turkish guerillas happily cooperate with ISIS in Syria.... sending them to Afghanistan they would likely buddy up with Al quada and ISIS there too.
lyle6- Posts : 1747
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Join date : 2020-09-14
Location : Philippines
- Post n°181
Re: New Multipolar World
Tsavo Lion wrote:They r pro-Turkish guerillas, not terrorists, just like the Talibs that r not terrorists.
Why not use Turkey to cut American losses there? She wouldn't mind to be there anyway with US help, to put pressure on China & Iran in C. Asia. Together with her friend Pakistan, hopefully Afghanistan will be prevented from becoming an ISIS or some other terrorist outfit base.
Both are subhuman scum only fit to serve as fertilizer. Satisfied?
SeigSoloyvov- Posts : 3462
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Join date : 2016-04-08
- Post n°182
Re: New Multipolar World
Tsavo Lion wrote:They r pro-Turkish guerillas, not terrorists, just like the Talibs that r not terrorists.
Why not use Turkey to cut American losses there? She wouldn't mind to be there anyway with US help, to put pressure on China & Iran in C. Asia. Together with her friend Pakistan, hopefully Afghanistan will be prevented from becoming an ISIS or some other terrorist outfit base.
Yes and no.
A terrorist is a freedom fighter to some and a terrorist to others.
Tsavo Lion- Posts : 5789
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- Post n°183
Re: New Multipolar World
They r no worse than the USMC- Uncle Sam's Misguided Children, aka jarheads/leathernecks bullet stoppers.Both are subhuman scum only fit to serve as fertilizer. Satisfied?
The Americans & Japanese also regarded Philippinos & other Asians as subhuman.
The Turks closed trade routes to the Orient, gave shelter to Jews, & forced the Europeans to sail & explore the seas; the Pakistanis were smart enough to get nukes before India did. Not bad for "subhumans", isn't it?
our history been written by the victors ever since writing was invented.A terrorist is a freedom fighter to some and a terrorist to others.
UZB-76- Posts : 28
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Join date : 2020-09-13
- Post n°184
Re: New Multipolar World
I don't think USMC would be that quick in chopping heads and destroying other places of worship..Tsavo Lion wrote:
They r no worse than the USMC- Uncle Sam's Misguided Children, aka jarheads/leathernecks bullet stoppers.
Same can't be said for Turks and their jihadist dogs.. not that I am fan of USA.
Look at Afghanistan, what those jihadist did?
Turks also used to have same opinion and they still do.
The Americans & Japanese also regarded Philippinos & other Asians as subhuman.
Irrelevant, Turks also were known for raiding, raping, looting and pillaging..
The Turks closed trade routes to the Orient, gave shelter to Jews, & forced the Europeans to sail & explore the seas;
They do it now also.
Then, a retard named Zia-ul-Haq took over..
the Pakistanis were smart enough to get nukes before India did. Not bad for "subhumans", isn't it?
Tsavo Lion- Posts : 5789
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- Post n°185
Re: New Multipolar World
they did terrible things in C. America, Vietnam & Iraq.I don't think USMC would be that quick in chopping heads and destroying other places of worship..
I'm not sure it's true: some Asians like Kazaks, Uzbeks, Kyrgyz, Uyghurs, Tartars & Yakuts speak Turkic languages, as well as related European Hungarians.Turks also used to have same opinion and they still do.
the Crusaders drowned Christian Constantinople in blood, long before the Turks took it. The Ataturk's revolution is what created modern Turkey, & she is becoming a strong regional power on her own right, with some Russian help, to balance other players in the region.Irrelevant, Turks also were known for raiding, raping, looting and pillaging.
UZB-76- Posts : 28
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Join date : 2020-09-13
- Post n°186
Re: New Multipolar World
Yeah Turks are doing the similar stuff already without access to those exotic materials like DU.Tsavo Lion wrote:
they did terrible things in C. America, Vietnam & Iraq.
They only see them as future subsidiaries to the ottoman Titanic empire..
I'm not sure it's true: some Asians like Kazaks, Uzbeks, Kyrgyz, Uyghurs, Tartars & Yakuts speak
Moreover, Magyar belongs to uralic group of languages and they are more similar finno-ugric group.
Turks just created more trouble..
the Crusaders drowned Christian Constantinople in blood, long before the Turks took it. The Ataturk's revolution is what created modern Turkey
Ataturk's revolution will be killed by erdo for his own ambitions.
Turkey is already paying Russians back in Azerbaijan, Syria and, Ukraine..
she is becoming a strong regional power on her own right, with some Russian help, to balance other players in the region.
Russia supported only to pull Turkey out of NATO..
This gambit failed and is paying the price for it.
Russia and Turkey are geopolitical enemies, anyone thinking otherwise, is in delusion.
I'll leave you here if you want to continue simping for

Tsavo Lion- Posts : 5789
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- Post n°187
Re: New Multipolar World
Turkey will become another Egypt once the Istanbul Canal is built, & that's why, among other things, Russia is against it. But it would be a counterbalance to EU, Georgia, Armenia, Iran, & China that Russia could exploit. She also had 14 wars with Turkey & knows how to deal with her on the battlefield & at sea again.
UZB-76- Posts : 28
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- Post n°188
Re: New Multipolar World
Doubtful, Russia if anything has been too soft on turkey despite it's machinations and actually seems to want an alliance with itTsavo Lion wrote:Turkey will become another Egypt once the Istanbul Canal is built, & that's why, among other things, Russia is against it. But it would be a counterbalance to EU, Georgia, Armenia, Iran, & China that Russia could exploit. She also had 14 wars with Turkey & knows how to deal with her on the battlefield & at sea again.
lyle6- Posts : 1747
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- Post n°189
Re: New Multipolar World
If you act like a subhuman you are a subhuman. You can't hide behind your race.Tsavo Lion wrote:
They r no worse than the USMC- Uncle Sam's Misguided Children, aka jarheads/leathernecks bullet stoppers.
The Americans & Japanese also regarded Philippinos & other Asians as subhuman.
Yeah and how'd that work out for them? They locked themselves out from exploring the rest of the world while their enemies conquered everything in sight. Fat lot of good it did them.Tsavo Lion wrote:
The Turks closed trade routes to the Orient, gave shelter to Jews, & forced the Europeans to sail & explore the seas; the Pakistanis were smart enough to get nukes before India did. Not bad for "subhumans", isn't it?
Tsavo Lion- Posts : 5789
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- Post n°190
Re: New Multipolar World
At its height, the Ottoman Empire stretched from Morocco to Arabian Sea, traded with India & China, & didn't need overseas colonies. The European colonizers fought among themselves until 1945, but Turkey stayed out of WWII, & had the best of both worlds by joining NATO & maintaining good relations with the USSR.
Her geographic position at the Eurasian crossroads is helping her to expand her influence.
Her geographic position at the Eurasian crossroads is helping her to expand her influence.
GarryB- Posts : 36380
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- Post n°191
Re: New Multipolar World
A terrorist is a freedom fighter to some and a terrorist to others.
No sort of Freedom fighter puts all the young women in the village they just captured and tell they they have to become brides of the fighters that took the village to be let out... the ones that don't marry get petrol poured on them and are burned to death.
I appreciate there are some groups that could be confused as one or the other, but the ones who openly commit serious war crimes makes it pretty clear to everyone who is honest.
They r no worse than the USMC- Uncle Sam's Misguided Children, aka jarheads/leathernecks bullet stoppers.
The Americans & Japanese also regarded Philippinos & other Asians as subhuman.
They had the odd massacre and shot enemy combatants out of hand, but there was no organised sex trafficking and murder of civilians in such a brutal way.
our history been written by the victors ever since writing was invented.
Which is why it is preferred to come on two ply soft paper...
they did terrible things in C. America, Vietnam & Iraq.
More the CIAs work and the higher ups in the US military... there is a bit of a difference morally pouring petrol on someone in a cage and setting it on fire, to ordering a B-52 bombing raid to level enormous areas of a city, though I agree the scale and results for the US actions are worse.
Doubtful, Russia if anything has been too soft on turkey despite it's machinations and actually seems to want an alliance with it
Russia wants good relations with everyone... not to build up a military alliance, but merely to trade and make money...
Tsavo Lion- Posts : 5789
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Join date : 2016-08-15
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- Post n°192
Re: New Multipolar World
Will Turkey Fit into the Great Game in Afghanistan?
https://regnum.ru/news/polit/3249099.html
https://regnum.ru/news/polit/3249099.html
kvs- Posts : 14105
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- Post n°193
Re: New Multipolar World
The NATzO west is trying hard to prevent the emergence of a multipolar world through the attempt to foist a capricious
"rules based" system on it. The "west" will make the rules and will not be subject to them, but instead use them as a
bludgeon to enforce its imperialism. A multipolar system would naturally be based on the existing "international law"
approach which has emerged over centuries. That is because the multipolar world is what we had originally. This
includes the period when Spain and the British were aligned against each other and similar historical moments when
there were independent actors on the world stage instead of a puppet theater.
All the people who piss on the UN as being worthless are helping NATzO push its new world order.
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GarryB- Posts : 36380
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- Post n°194
Re: New Multipolar World
There are a few problems with the UN but those centre around it being dominated by the parties at the end of WWII.
Of the five permanent UN security council states, the US essentially gets three votes... with France and the UK being their humble bitches... the Soviet Union and now Russia cannot really count on China for support most of the time.
However the UN is not meant to be the worlds police, it is a forum or venue for countries to discuss international issues.
Just a shame it is in the US, and just a shame the west uses it as a rubber stamp tool for their imperial ambitions... but why would they treat it any differently from any other international organisation.
Of the five permanent UN security council states, the US essentially gets three votes... with France and the UK being their humble bitches... the Soviet Union and now Russia cannot really count on China for support most of the time.
However the UN is not meant to be the worlds police, it is a forum or venue for countries to discuss international issues.
Just a shame it is in the US, and just a shame the west uses it as a rubber stamp tool for their imperial ambitions... but why would they treat it any differently from any other international organisation.
kvs- Posts : 14105
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- Post n°195
Re: New Multipolar World
Good analysis of the utter delusion of western analysts and deciders.
LMFS likes this post
andalusia- Posts : 687
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Join date : 2013-10-01
- Post n°196
Re: New Multipolar World
I want to know would this Russia, China and Pakistan alliance hurt Russian relations with India?
Is India drifting away from Russia?
https://eurasiantimes.com/countering-quad-is-there-a-china-russia-pakistan-strategic-nexus-in-the-making/
Is India drifting away from Russia?
https://eurasiantimes.com/countering-quad-is-there-a-china-russia-pakistan-strategic-nexus-in-the-making/
slasher- Posts : 197
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Join date : 2015-09-28
- Post n°197
Re: New Multipolar World
andalusia wrote:I want to know would this Russia, China and Pakistan alliance hurt Russian relations with India?
Is India drifting away from Russia?
By their own choice, since back when Obama was US President, and is clearly the Modi government 's strategic decision to align with the US.
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andalusia- Posts : 687
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Join date : 2013-10-01
- Post n°198
Re: New Multipolar World
slasher wrote:andalusia wrote:I want to know would this Russia, China and Pakistan alliance hurt Russian relations with India?
Is India drifting away from Russia?
By their own choice, since back when Obama was US President, and is clearly the Modi government 's strategic decision to align with the US.
Russia has sold India all those fighter jets and Russia wants to sell them more which they shouldn't. I hope the US doesn't get their hands on them.
Who does Russia support in the China/India border disputes?
Kiko- Posts : 2151
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- Post n°199
Re: New Multipolar World
"May affect the economic leadership of the United States": the US is concerned about the policy of Russia and China to abandon the dollar, by Vladimir Tsegoev and Ksenia Kalinkina for RTNEWS in Russian. 29.07.2021.
The United States drew attention to the policy pursued by Russia and China to abandon the dollar. In recent years, Moscow and Beijing have sought to reduce the use of the US currency in their economies. In particular, the parties are actively increasing settlements in national currencies, as well as developing their own financial and payment systems. American analysts do not exclude that over time, such actions may affect the status of the dollar and the global economic leadership of the United States. This is stated in the report of the US Congressional Research Service, which RT got acquainted with.
The United States plans to explore the prospects for de-dollarization in Russia and China. Such information is contained in the report of the US Congressional Research Service.
According to representatives of the department, for more than ten years now, Moscow and Beijing have been striving to reduce the use of the dollar in their economies. So, according to the authors of the study, countries are trying to protect themselves from the sanctions of Washington, as well as to reduce the influence of the economic and monetary policy of the US.
“Although Russia and China have somewhat reduced the use of the dollar in their trade, both countries, like most others, still rely heavily on the dollar ... However, over time, if efforts to de-dollarization bring results, this could affect American sanctions, the American economy, as well as the global economic leadership of the United States", the report says.
American analysts recalled that since the Second World War, the dollar has remained the dominant reserve currency in the global market. This fact, in turn, allows the United States to maintain a leading position in the international financial and economic arena, experts say.
"The dominant position of the US dollar in cross-border transactions gives the United States unique significance and leverage through policies such as financial sanctions that impede access to the US financial system or the use of the US dollar in international trade," the report's authors emphasize.
Nevertheless, in the past few years, the share of the dollar in world reserves has been systematically decreasing . So, if back in 2015 the American currency occupied about 66% of the total volume of global financial reserves, then by the end of 2020 the indicator dropped below 59%. This is evidenced by the data of the International Monetary Fund.
One of the reasons for the observed dynamics was the trade wars conducted by Washington during the presidency of Donald Trump. Viktor Supyan, professor at the Faculty of World Economy and International Affairs at the Higher School of Economics, shared this opinion in a conversation with RT. According to him, the introduction by the United States of a number of tariff restrictions on its partners had a negative impact on the position of the dollar as the main reserve currency of the world.
“Under Trump, the United States pursued a not completely balanced, chaotic policy in relations with its partners - it introduced sanctions against European allies, Canada, and also the countries of Southeast Asia. Nobody liked this, of course. As a result, in order to insure themselves against such unpredictable actions in the future, states began to actively switch to settlements in national currencies, ”Supyan explained.
In addition, the decline in the share of the dollar in global reserves may be associated with the growth of multipolarity in the world economy. This point of view in an interview with RT was expressed by the analyst of FG "Finam" Alexey Korenev.
“The world is becoming multipolar, and countries are increasingly beginning to negotiate with each other, bypassing the United States. I think this trend will continue, because the dominance of the American currency puts states in the position of being dependent on a certain "boss" in the person of the States. Nobody wants this, especially Russia and China, ”added Korenev.
Beijing way
According to American analysts, now the dollar is still an important component for the Chinese economy, and the US national currency occupies about 50-60% of the reserves of the Asian republic. Experts attribute this to the fact that the United States is the largest sales market for goods from China. In addition, Beijing still mainly conducts payments for exports to other countries, as well as in the framework of the One Belt One Road project, in dollars.
Meanwhile, China is actively taking steps to de-dollarize its economy. In particular, the country is trying to increase the use of the yuan in trade deals with its partners, including Russia.
Note that over the past seven years, the share of settlements in national currencies between Moscow and Beijing has grown almost tenfold . If back in 2013-2014, countries carried out 2-3% of all transactions in rubles and yuan, then by the end of 2020 the corresponding figure was about 24-25%. This was previously stated by the Russian ambassador to China, Andrei Denisov.
In addition, Beijing has repeatedly shown interest in further developing the national payment system and promoting its own digital currency. As noted by American analysts in their report, through such initiatives, China is trying to create alternative options for the global economic, financial, trade and technological networks, which are currently controlled by the United States.
“I believe that the global influence of the United States will decline, simply because they are physically unable to maintain the dominant that they previously possessed. In this regard, China is a very powerful economic power, it is growing more and more actively every year and is likely to overtake the United States in the coming years. Next in line is India. It is assumed that by 2035 India will take second place after China, displacing the United States in third, "said Alexey Korenev.
Russian insurance
Russia, in turn, stepped up efforts to de-dollarize the economy in 2014, when Washington imposed sanctions on Moscow over the situation in Ukraine. Subsequently, the United States began to increase sanctions pressure on Russia due to unsubstantiated "malicious actions" attributed to it, which included, for example, "interference" in the American elections.
As analysts from the Congressional Research Service note, in the issue of de-dollarization of the economy, Moscow is focused on three areas. We are talking about reducing the share of the dollar in reserves, reducing the volume of settlements in the American currency when conducting trade operations, as well as creating its own national payment system.
Thus, Russia is trying to protect itself from the risks of new restrictions. Natalya Milchakova, deputy head of the Alpari information and analytical center, spoke about this in an interview with RT.
“As part of the sanctions rhetoric, Russia may be banned from transactions with the dollar, at least to legal entities. This option is likely, it is not completely ruled out. The issue of disconnecting Russia from the international payment system SWIFT has also been repeatedly raised, which may complicate payments in dollars and other reserve currencies for export goods. So, on the one hand, de-dollarization is an attempt to hedge himself, ”Milchakova said.
In 2014, Russia, as an analogue of SWIFT, developed the Financial Messaging System (SPFS). As noted in the Central Bank, the platform guarantees the uninterrupted transmission of payment orders within the country and abroad. Also in 2014, after Visa and Mastercard stopped servicing the cards of several banks that fell under Western sanctions, a decision was made in Russia to create a National Payment Card System.
In addition, as part of the de-dollarization in 2018, Moscow began to actively sell off US debt securities. Then, from March to May, investments in American bonds decreased by more than six times - from $ 96 billion to $ 14.9 billion, as a result of which Russia left the list of the largest holders of US government debt. According to the latest data from the US Treasury, in May 2021 this figure dropped to $ 3.8 billion.
In addition, over the past three years, the share of the dollar in the international reserves of the Central Bank has more than halved - from 45.8% to 21.2%. At the same time, the share of the euro increased by almost a third - from 21.7% to 29.2%, and the yuan - fourfold, from 2.8% to 12.8%. Along with this, in June 2021, the Ministry of Finance and the Central Bank announced their decision to completely abandon the storage of funds of the National Wealth Fund in dollars.
Risk assessment
Against this background, American experts note that if Russia and China in the future still manage to "significantly reduce the use of the dollar", for example by increasing the share of trade settlements in another currency or developing a digital currency, the United States may face certain "consequences."
In this regard, analysts have formulated several questions for their possible consideration by the United States Congress. In particular, they are concerned about what factors could contribute to the success of de-dollarization policies in Russia and China, and what are the signs that the global role of the dollar may be at risk.
In addition, experts raised the question of whether Congress should oblige the US Treasury Department to prepare an annual report on the use of the dollar in the international economy. "If so, should this report address the use of sanctions and the role of the dollar?" - concluded the representatives of the research service.
One of the key challenges for the American currency in the foreseeable future may be the refusal of Moscow and Beijing from the dollar in payments for energy resources. This opinion was shared by the head of the laboratory for the analysis of institutions and financial markets at the Institute for Applied Economic Research, RANEPA, Alexander Abramov, in an interview with RT.
"If Russia and China manage to move the dollar in the field of settlements for oil and gas in the global market and they convince producers in the Middle East to trade and price oil and gas not only in dollars, but also in other currencies, then this will be an unpleasant surprise for the United States." , - considers Abramov.
A similar point of view was previously expressed by Russian President Vladimir Putin during a speech at the St. Petersburg International Economic Forum in early June. As the head of state noted, the withdrawal of oil companies from settlements in dollars "will be a very serious blow" to the American currency and its status. At the same time, the Russian leader declared his unwillingness to use de-dollarization in “political fights”.
“We're not going to do this. But the very logic of the development of the world economic system, the world monetary system, suggests that a plurality of reserve currencies is needed to guarantee the safety and stability of the world economy and financial system. We are thinking about this carefully, ”Putin stressed.
https://russian.rt.com/world/article/889964-ssha-dedollarizaciya-rossiya-kitai
The United States drew attention to the policy pursued by Russia and China to abandon the dollar. In recent years, Moscow and Beijing have sought to reduce the use of the US currency in their economies. In particular, the parties are actively increasing settlements in national currencies, as well as developing their own financial and payment systems. American analysts do not exclude that over time, such actions may affect the status of the dollar and the global economic leadership of the United States. This is stated in the report of the US Congressional Research Service, which RT got acquainted with.
The United States plans to explore the prospects for de-dollarization in Russia and China. Such information is contained in the report of the US Congressional Research Service.
According to representatives of the department, for more than ten years now, Moscow and Beijing have been striving to reduce the use of the dollar in their economies. So, according to the authors of the study, countries are trying to protect themselves from the sanctions of Washington, as well as to reduce the influence of the economic and monetary policy of the US.
“Although Russia and China have somewhat reduced the use of the dollar in their trade, both countries, like most others, still rely heavily on the dollar ... However, over time, if efforts to de-dollarization bring results, this could affect American sanctions, the American economy, as well as the global economic leadership of the United States", the report says.
American analysts recalled that since the Second World War, the dollar has remained the dominant reserve currency in the global market. This fact, in turn, allows the United States to maintain a leading position in the international financial and economic arena, experts say.
"The dominant position of the US dollar in cross-border transactions gives the United States unique significance and leverage through policies such as financial sanctions that impede access to the US financial system or the use of the US dollar in international trade," the report's authors emphasize.
Nevertheless, in the past few years, the share of the dollar in world reserves has been systematically decreasing . So, if back in 2015 the American currency occupied about 66% of the total volume of global financial reserves, then by the end of 2020 the indicator dropped below 59%. This is evidenced by the data of the International Monetary Fund.
One of the reasons for the observed dynamics was the trade wars conducted by Washington during the presidency of Donald Trump. Viktor Supyan, professor at the Faculty of World Economy and International Affairs at the Higher School of Economics, shared this opinion in a conversation with RT. According to him, the introduction by the United States of a number of tariff restrictions on its partners had a negative impact on the position of the dollar as the main reserve currency of the world.
“Under Trump, the United States pursued a not completely balanced, chaotic policy in relations with its partners - it introduced sanctions against European allies, Canada, and also the countries of Southeast Asia. Nobody liked this, of course. As a result, in order to insure themselves against such unpredictable actions in the future, states began to actively switch to settlements in national currencies, ”Supyan explained.
In addition, the decline in the share of the dollar in global reserves may be associated with the growth of multipolarity in the world economy. This point of view in an interview with RT was expressed by the analyst of FG "Finam" Alexey Korenev.
“The world is becoming multipolar, and countries are increasingly beginning to negotiate with each other, bypassing the United States. I think this trend will continue, because the dominance of the American currency puts states in the position of being dependent on a certain "boss" in the person of the States. Nobody wants this, especially Russia and China, ”added Korenev.
Beijing way
According to American analysts, now the dollar is still an important component for the Chinese economy, and the US national currency occupies about 50-60% of the reserves of the Asian republic. Experts attribute this to the fact that the United States is the largest sales market for goods from China. In addition, Beijing still mainly conducts payments for exports to other countries, as well as in the framework of the One Belt One Road project, in dollars.
Meanwhile, China is actively taking steps to de-dollarize its economy. In particular, the country is trying to increase the use of the yuan in trade deals with its partners, including Russia.
Note that over the past seven years, the share of settlements in national currencies between Moscow and Beijing has grown almost tenfold . If back in 2013-2014, countries carried out 2-3% of all transactions in rubles and yuan, then by the end of 2020 the corresponding figure was about 24-25%. This was previously stated by the Russian ambassador to China, Andrei Denisov.
In addition, Beijing has repeatedly shown interest in further developing the national payment system and promoting its own digital currency. As noted by American analysts in their report, through such initiatives, China is trying to create alternative options for the global economic, financial, trade and technological networks, which are currently controlled by the United States.
“I believe that the global influence of the United States will decline, simply because they are physically unable to maintain the dominant that they previously possessed. In this regard, China is a very powerful economic power, it is growing more and more actively every year and is likely to overtake the United States in the coming years. Next in line is India. It is assumed that by 2035 India will take second place after China, displacing the United States in third, "said Alexey Korenev.
Russian insurance
Russia, in turn, stepped up efforts to de-dollarize the economy in 2014, when Washington imposed sanctions on Moscow over the situation in Ukraine. Subsequently, the United States began to increase sanctions pressure on Russia due to unsubstantiated "malicious actions" attributed to it, which included, for example, "interference" in the American elections.
As analysts from the Congressional Research Service note, in the issue of de-dollarization of the economy, Moscow is focused on three areas. We are talking about reducing the share of the dollar in reserves, reducing the volume of settlements in the American currency when conducting trade operations, as well as creating its own national payment system.
Thus, Russia is trying to protect itself from the risks of new restrictions. Natalya Milchakova, deputy head of the Alpari information and analytical center, spoke about this in an interview with RT.
“As part of the sanctions rhetoric, Russia may be banned from transactions with the dollar, at least to legal entities. This option is likely, it is not completely ruled out. The issue of disconnecting Russia from the international payment system SWIFT has also been repeatedly raised, which may complicate payments in dollars and other reserve currencies for export goods. So, on the one hand, de-dollarization is an attempt to hedge himself, ”Milchakova said.
In 2014, Russia, as an analogue of SWIFT, developed the Financial Messaging System (SPFS). As noted in the Central Bank, the platform guarantees the uninterrupted transmission of payment orders within the country and abroad. Also in 2014, after Visa and Mastercard stopped servicing the cards of several banks that fell under Western sanctions, a decision was made in Russia to create a National Payment Card System.
In addition, as part of the de-dollarization in 2018, Moscow began to actively sell off US debt securities. Then, from March to May, investments in American bonds decreased by more than six times - from $ 96 billion to $ 14.9 billion, as a result of which Russia left the list of the largest holders of US government debt. According to the latest data from the US Treasury, in May 2021 this figure dropped to $ 3.8 billion.
In addition, over the past three years, the share of the dollar in the international reserves of the Central Bank has more than halved - from 45.8% to 21.2%. At the same time, the share of the euro increased by almost a third - from 21.7% to 29.2%, and the yuan - fourfold, from 2.8% to 12.8%. Along with this, in June 2021, the Ministry of Finance and the Central Bank announced their decision to completely abandon the storage of funds of the National Wealth Fund in dollars.
Risk assessment
Against this background, American experts note that if Russia and China in the future still manage to "significantly reduce the use of the dollar", for example by increasing the share of trade settlements in another currency or developing a digital currency, the United States may face certain "consequences."
In this regard, analysts have formulated several questions for their possible consideration by the United States Congress. In particular, they are concerned about what factors could contribute to the success of de-dollarization policies in Russia and China, and what are the signs that the global role of the dollar may be at risk.
In addition, experts raised the question of whether Congress should oblige the US Treasury Department to prepare an annual report on the use of the dollar in the international economy. "If so, should this report address the use of sanctions and the role of the dollar?" - concluded the representatives of the research service.
One of the key challenges for the American currency in the foreseeable future may be the refusal of Moscow and Beijing from the dollar in payments for energy resources. This opinion was shared by the head of the laboratory for the analysis of institutions and financial markets at the Institute for Applied Economic Research, RANEPA, Alexander Abramov, in an interview with RT.
"If Russia and China manage to move the dollar in the field of settlements for oil and gas in the global market and they convince producers in the Middle East to trade and price oil and gas not only in dollars, but also in other currencies, then this will be an unpleasant surprise for the United States." , - considers Abramov.
A similar point of view was previously expressed by Russian President Vladimir Putin during a speech at the St. Petersburg International Economic Forum in early June. As the head of state noted, the withdrawal of oil companies from settlements in dollars "will be a very serious blow" to the American currency and its status. At the same time, the Russian leader declared his unwillingness to use de-dollarization in “political fights”.
“We're not going to do this. But the very logic of the development of the world economic system, the world monetary system, suggests that a plurality of reserve currencies is needed to guarantee the safety and stability of the world economy and financial system. We are thinking about this carefully, ”Putin stressed.
https://russian.rt.com/world/article/889964-ssha-dedollarizaciya-rossiya-kitai
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- Post n°200
Re: New Multipolar World
Russia has sold India all those fighter jets and Russia wants to sell them more which they shouldn't. I hope the US doesn't get their hands on them.
Who does Russia support in the China/India border disputes?
70% of Indian weapons are Russian, so if they want to turn to the US then their military is in serious trouble because it will be very very expensive to dump 70% of their systems and equipment and to replace it with western equivalents... especially when that 70% probably constituted perhaps 20% of the cost of their military, with the 30% western stuff costing 80% of their budget.
Another factor is that I rather doubt the US would lease them an SSN for any price let alone the only aircraft they could offer are the F-35 and the F-15 with no assembly options.
Joint ventures with India and US companies are pretty unlikely, and support for US equipment normally gets paid for by US aide which can only be spent on US military equipment of their choosing... and a lot of it is loans that have to be paid back anyway.
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