Many national economies seem to have been actively engaged in protecting themselves from what is considered an established economic system. Dedollarization – has become popular not only among many countries, but also ordinary citizens, thanks to global technological progress and the expansion of Internet access.
The US dollar is the world's main reserve currency. The planning and financial rules that support this situation are formed in America in the interests of Washington and a small group of its allies.
This was reflected in the creation of the petrodollar, the abolition of the gold standard, in the latest financial crisis and the senseless program of quantitative easing.
All these economic decisions were made with a clear goal – the extension of American dominance in the global economy and the artificial support of an unstable financial system.
The practical consequences of volatility over time have led to the idea of a viable alternative that allows us to simultaneously escape from the dominance of the dollar and link the economy with real value.
The need to circumvent this situation has become especially urgent for countries with large dollar debts and where they face the threat of disconnection from the international payment system SWIFT.
In 2015, an alternative payment system called Cross-Border Interbank Payments System (CIPS) appeared in China. It, being, in fact, an exact copy of SWIFT, serves as a backup system for those "rebellious" states that Americans can disconnect from SWIFT.
Venezuela is considering a more radical step: creating its own virtual currency. President Maduro announced the advent of a state-owned cryptocurrency based on the cost of oil and multibillion-dollar oil reserves.
The sanctions against Russia and the influence that Washington has on the world economic system due to the dollar forced Moscow and Beijing to sign a de-dollarization agreement, which sets the gold standard for the renminbi.
Russia sells hydrocarbons to China, which pays for them in RMB, after which Russia converts the yuan into gold on the Shanghai Gold Exchange, which allows to bypass Washington’s sanctions.
Many other countries are ready to take similar steps.
The United States intensifies financial and economic pressure on states through international organizations such as the IMF and the World Bank, after which these countries come together to counter external interference.
High technology contributes to the implementation of a decentralization strategy (with centers in Washington and London), the main cause of various global problems.
The possibility of unlimited printing of dollars distorts the global economy, inflates the stock markets and leads to an uncontrolled growth of national debts.
Even the gold market is being manipulated through too much easy money and financial pyramids such as derivatives.
If all this collapses, as the events of 2008 showed, central banks will begin to bail out their partners through a quantitative easing program and the provision of an unlimited amount of money.
Moreover, all this ultimately falls on the shoulders of taxpayers and small players in the financial market.
It is probably difficult for an ordinary person to understand what is happening, but in reality, the dollar is steadily depreciating in relation to more tangible assets.
Organizations such as the Fed (and their owners), private banks, hedge funds, rating agencies, and audit firms are conspiring to create tremendous wealth, which is pushing the world into fraudulent credit scams.
Washington is already facing the consequences of its rash steps against its geopolitical opponents.
The decision to disconnect Iran from SWIFT and the ongoing economic war against Russia and Venezuela are forcing China to create an alternative economic system.
Beijing thus warns America and its allies that an economic alternative already exists and is ready to work independently of the Euro-American system.
A decentralized and technologically reliable system is what Washington's geopolitical adversaries are looking for in an effort to put an end to the hegemony of the US dollar.