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Currency Games: Exit Dollar Hegemony, Enter Renminbi and Russian Gold Ruble

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Increasingly since 2010, as Washington attempted to impose the Pentagon’s Full Spectrum Dominance on the world in the form of the so-called Arab Spring manipulated regime changes from Tunisia to Egypt to Libya and now, with poor results, in Syria, China and Russia have both been pushed into each others’ arms. A Russian-Chinese alternative to the dollar in the form of a gold-backed ruble and gold-backed renminbi or yuan, could start a snowball exit from the US dollar, and with it, a severe decline in America’s ability to use the reserve dollar role to finance her wars with other peoples’ money. That could just give the interests in favor of a world at peace a huge advantage over that warring lost hegemon, the United States.
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Natylie Baldwin is author of The View from Moscow: Understanding Russia and U.S.-Russia Relations, available on Kindle and Book Baby bookshop. She is co-author of Ukraine: Zbig's Grand Chessboard & How the West Was Checkmated. Her fiction (more...)
 

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