Moscow called on Eurasia to abandon the dollar to avoid world war
The only way to avoid a world war is to abandon the dollar for the countries of Eurasia. Academician of the Russian Academy of Sciences Sergei Glazyev stated this in an interview with the Den TV channel.
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“The only way to avoid war is to deprive the United States of the opportunity to finance its military expenditures by issuing dollars. To do this, it is necessary to abandon the use of dollars in foreign exchange reserves, as a means of payment, as a mechanism for international trade and economic exchange. This is a nightmare for our American “partners,” Glazyev said.
He admitted that currently 85% of global transactions take place in dollars and losses are inevitable, but he considers it possible to create a broad coalition for de-dollarization in Eurasia at the expense of countries not interested in war.
“We will do this with those of our partners who do not need war. This is China, which has already won the competition with the USA, Vietnam, India. There is not a single country in Eurasia that would be interested in war. If we build a partnership regardless of the United States, relying on our currencies and international law, forming a new world economic structure, then American power will deflate in no time,” the academician believes.
He recalled that over the past 8 years the United States has tripled the number of dollars.
“The dollar is not backed by anything; it is issued against the obligations of the American government. Half of the issued currency goes to other countries, we finance the American budget deficit. American economic power comes from the printing press. If the Americans could not cover the deficit with emissions, they would not be able to bear such gigantic military expenses, which are equal to the expenses of all the world’s countries combined,” Glazyev emphasized.
See also: China proposed to Russia to create an alliance against NATO: What will Moscow answer?
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