The De-Dollarisation of the Petrodollar ends the Pax Americana. Tim Tufuga 5th June, 2023.
With War in Ukraine, what is truly changing is the global economic system with BRICS arising as the new economic power bloc to challenge the American Economic hegemonic control of the world monetary system.
The De-Dollarisation has led to the end of the Bretton Woods system with the end of the Saudi Arabian reliance upon the American Dollar as the Petro-currency and allowing America to hold the world to ransom with the Dollar as the Gold Standard for Global Trade.
With the Ukrainian War, the EU and NATO Sanctions upon Russia, the IMF and World Bank were to punish the Russian economy only for Russia to fall back upon BRICS and the New Development Bank alternate monetary system default to bolster the Russian economy.
In the meantime, the EU Nations highly reliant upon the Russian Oil and Gas were to cut their noses to spite their faces led to the current Germany Recession which will soon spread to other EU Nations.
The BRICS Nations have not been deterred with the Russian sanctions as the sanctions has backfired upon the EU whereas the BRICS Nations continue to expand and increase in value with new applicants aspiring to become BRICS members including MENA Nations and the all important OPEC member Nations.
The BRICS Nations are also directly engaged in open hostile relations with America and their Allies which include Australia, Britain and the EU Nations, namely Russia and China, which seems to be escalating by the day it appear inevitable that the world will soon engage in open military conflict over Ukraine and Taiwan in the very near future.
In the economic polemical divide between BRICS member Nations from the American led Western Hemisphere, the Ukrainian conflict will end with China, Russia, Iran and OPEC, African Central and South American States aligning themselves against the EU, North America and Oceania.
It appears that Samoa has chosen to ally with the EU and North America like Australia and New Zealand. A disaster for the economic security of Samoa as Australia and New Zealand can not continue to bite the hand that feeds them, that is China, India and Middle Eastern and Asian Economies that enriches Australia's economy. But, Australians are Eurocentric and think that our path of economic prosperity is with America and Europe when in reality this is far from the truth. Delusion and Racism blinds Australia from their own economic wealth and economic security within the South Pacific. The Pacific Island Forum have also fallen for the Eurocentric smoke and mirrors of economic prosperity and Eurocentric delusions.
The Chinese especially have realised the delusions of AUKUS and the Eurocentrism of past Colonial greatness of European Colonial powers hoping to reassert their past glories within AUKUS and QUAD military alliances. The hope of the Sahib in India will lead the Indians within QUAD and the Anglo American World War Two Victory will allow AUKUS to rest on their laurels of past military greatness whilst not realising that other Nations have not only emulated their military capabilities but have, in actual fact, surpassed their military power projection capabilities with more advanced warfighting capabilities. It appears that the only baptism of fire to realise the true change of power is through another World War.
As it appears salient to many observers the Chinese are up to the challenge of resetting the world military balance of power and to re-write history with the nascent Superpower from Asia, the rise of the Chinese Dragon to titular dominance throughout Asia and to directly challenge the purported World Hegemony of the United States of America since the end of World War Two. Along with the perpetual rise of the Bretton Woods American Dollar.
In 2023, the American De dollarisation has been spearheaded by the alternative to the Petrodollar with the Chinese Renminbi by Saudi Arabia. This historic event signalled the end of the monetary dominance of the American dollar throughout the world. In effect, the de-dollarisation has signalled the end of American eocnomic hegemony and the start of the demise of the American economy as the most powerful economy in the world which will begin in earnest. A World War with China and Russia will hasten the demise of the American Global Hegemony once and for all.
A war with China and Russia will DESTROY American a lot faster than simply the de-dollarisation which is the beginning of the end of the American Global dominance at least from the economic side. A military conflict will only hasten the end of the Pax Americana.
When the Americans spoke about American Greatness, and Making America Great Again, unknown to the Americans within MAGA, American Greatness is now, American Hegemony is at its zenith right now, with America deciding on when or how Nations should behave according to the International Rules of Law, led by Americans. This rule based law, is currently controlled by Americans and their allies within the ICC, the World Bank, the International Monetary Fund, and the United Nations Security Council that would veto Russia and would allow for almost any American UNSC resolution such as a justification to invade a Nation after false evidence of Weapons of Mass Destructions, which would have resulted in a veto vote from a member from the Middle East or MENA if they were a permanent member of the UNSC.
Presently, the permanent members of the UNSC are made up of the vicrtors of World War Two. The Nations that had destroyed Nazism and Global Fascism. These same permanent members of the UNSC have now become out of step from their victorious forefathers who had founded the United Nations.
Paradoxically, the Neo Nazis from Ukraine are the mea culpa reason for the fast tracked end of the American Hegemonic World Order that we are now seeing it come to an end with the Ukrainian War, the sanctioning of Russia, the likely conflict with China economically and soon militarily.
The United Nations will be dissolved after the next World War, when the rise of NAZISM will lead to the next World War and demise of American leadership will result in the rise of China, India and Russia from the dust of warfare.
Europe will degrade in global significance as Asia, MENA Nations, Africa, Central and South America, will rise in global significance from the dust of Europe and North America.
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