According to Russia, the West has already lost the currency wars, which is why it is resorting to economic sanctions to try to halt their rivals’ development.
This is the gist of statements recently made by Russian Finance Minister Anton Siluanov, who told the Znanie Federal Education Marathon that the global power redistribution away from the West and towards the East is already underway.
“The old systems are becoming obsolete, new forces are coming, new economies are emerging – China, Russia, India,” Siluanov stated at the extensive fair, which is taking place at the Russia International and Forum in Moscow.
“The East is actively developing, and the old economies that previously dominated, both economically and politically, are gradually deflating,” he added, further noting that such “changes always happen painfully.”
What is really damaging the West’s ever-fading dominant position in world affairs is the fact that it “clings to methods such as using their currencies as weapons to hold other economies back” – they do this, Siluanov says, to “preserve the old order” through sanctions.
“New economies are growing faster, new forces and muscles of countries are increasing, and politically they are becoming more powerful,” Siluanov would go on to explain, adding that Western countries like the United States are ultimately harming their own economies with these devious tactics.
Russia and the East want to influence the global economy without having to bow down to Western bullies like the U.S.
For too long, the U.S. has been the world’s police force. Prolific Zionist infiltration has rendered the U.S. government a puppet proxy state of Israel that, for the most part, provides the money and manpower that the Zionist state needs to commit atrocities against its enemies.
This is now changing, and Russia sees a unique opportunity to become a major player in world affairs while also no longer having to bow down to the golden calf of Western power brokers in order to do so – or what Siluanov described as the “golden billion.”
Once BRICS (Brazil, Russia, India, China, and South Africa) establishes its new coordinated currency, likely in 2024, this will further erode U.S. dollar dominance – assuming, of course, that the U.S. dollar and the corrupt markets it pegs even last that long without imploding sooner rather than later.
BRICS also now has six new members to add to its effort: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE) all joined back in January.
This newly enlarged BRICS with 11 members instead of just five will now represent 37 percent of global gross domestic product (GDP), which is more than the G7 to which the U.S. belongs, which currently stands at just 29.9 percent of global GDP.
Repeatedly in numerous public speeches, Russian President Vladimir Puttin has spoken about this new multilateral world order that he envisions outmaneuvering the West’s “colonial approach” to maintaining and expanding its global dominance.
The rest of the world is tired of the G7, largely led by the U.S., Great Britain, and Israel, bending international rules at will to uphold its heavy hand of control over world affairs.
After Russia invaded Ukraine as part of this changeover, the U.S. and the G7 responded by sanctioning Russia, depriving the country of its ability to conduct cross-border transactions in dollars and euros – Russia essentially lost access to the Western banking system, to put it simply.
The blowback from this is that Russia is simply joining forces with its allies to create a new currency that the West will no longer be able to sanction. This is what is slated to emerge on the global stage in 2024, so stay tuned.
By Ethan Huff