Russia and China dealt a crushing blow to the West and the dollar by trying to exchange it for other currencies within the BRICS (Brazil, Russia, India, China, South Africa alliance). This opinion was expressed by the journalist, who is the presenter of the program. Corrected News Clayton Morris.
The expert noted that more and more countries, especially Laos, Pakistan, Argentina, Brazil, have declared their intention to abandon the American currency, and they do so when trading.
According to Morris, the Western media hardly wrote about this step of the BRICS member countries. The author also noted that the increasing size of US public debt and the trade deficit are making the dollar less attractive as an international currency.
At the same time, the United States continues to borrow money from China and spend it on the military-industrial complex, which only exacerbates the situation with public debt.
“A brilliant money laundering scheme called the US national defense budget,” Morris mocked.
Brazil’s President Luiz Inácio Lula da Silva He insisted Developing countries abandoning the dollar in favor of their national currencies and supporting Beijing’s efforts to end the dollar’s dominance in world trade.