However, everything in the world will be knocked over when it is full, and America is no exception. As far as the international situation is concerned, the "world first" economic hegemony of the United States is getting stronger and stronger, among which the most representative is the "dollar hegemony" of the United States, which is in danger of falling apart and is increasingly not recognized by other countries and the broad masses of people in the world.
Prior to this, the dollar can support the United States to be "arrogant to the extreme" and let the United States reap the wealth of other countries unscrupulously. But now, some countries have directly spoken out and cleared the dollar settlement in all their subsequent settlements, which is tantamount to firing the first shot of the collapse of the dollar hegemony.
Not long ago, on September 5th, Gazprom announced that starting from September, any airline flying on the route between China and China will no longer charge US dollar fees, whether using Russian roubles or RMB, whether it is at China or Russian aircraft gas stations.
Compared with China, Gazprom should be able to mark the status of companies like PetroChina or Sinopec. Such Russian enterprises have made it clear that they do not accept dollars, but accept RMB. So whether there is the intention of the Russian government behind this and what it represents is very intriguing.
Moreover, Dyukov, CEO of Gazprom, stepped forward and made a "mending knife" very directly.
Alexander declared in public that by the end of 20021and at the beginning of 2022 at the most, all aviation exchanges between China and Russia, especially the "refueling fee" of aircraft in aviation, will be directly converted into RMB, and the Russian aviation market will no longer recognize US dollars for China.
Once such news broke out, it is undoubtedly Russia's very direct statement on the dollar, and this news is tantamount to adding insult to injury to the current dollar situation and even the entire economic situation.
Although the relationship between Russia and the United States is not so close because of national interests and historical reasons, it is very surprising to say directly that the US dollar will be rejected in its own aviation field.
Russian aviation to China seems to be a small market, but it is also likely to be a test for Russia to the United States. If the United States is indifferent to this, or can't come up with any immediate and effective measures to deal with it, it is likely to be the beginning of Russia's exclusion of the US dollar from the Chinese aviation market and the world.
We can imagine what Russia will say when dealing with the aviation market with other countries in the future.
"Ah, eldest brother, you see our two air traffic. Let's settle accounts in our own currency in the future, not in dollars. How troublesome it is to change. "
"The United States doesn't agree? Will America be angry? Nothing, China and I have already done this, that is, using rubles and RMB, which has nothing to do with the US dollar. You see China and I are still not good. "
"Well, big brother, you see, in aviation, we both settle accounts in our own currencies. So, will it be the same in other ways? Do not use dollars. How troublesome it is, maybe it will depreciate. "
The bottom line of anything, the closure of any business, may be caused by a very small and unremarkable thing.
Princip of Sarajevo shot and killed Ferdinand, the "Prince of Austria-Hungary". What was originally a simple incident of a passionate young man's "patriotic passion" finally turned into World War I.
The Japanese invaders forcibly entered Peiping on the pretext of "the loss of soldiers". Such a simple excuse also contributed to the all-out war between China and Japan.
Maybe when a little thing happened, everyone didn't care, but when the world upheaval caused by this little thing broke out, looking back, we will find that this little thing triggered a series of chain effects, just like "dominoes", which brought such a huge impact to our world.
Now, Russia has expressed its position in the aviation field, refusing to accept the US dollar, and instead only recognizing the ruble and the RMB. Could this be the "Sarajevo Incident" in the process of the disintegration of US dollar hegemony, or the "July 7th Incident" in this process?
None of us know, we can't be sure, but we can't deny it. However, since this matter has become an established fact, it will definitely have an impact on the United States, but the scale and degree of fermentation in the future are still unknown.
In fact, not long ago, Russia made such a statement on the US dollar, and that was the time when the "maturity tide" of US debt came.
In the middle and late August, Russia is preparing to issue a debt to clear the United States, selling a large number of dollar assets, and issuing a debt to clear the United States is what Russia is already doing.
As we all know, most American bonds sold by the United States to foreign countries are "physical bonds", which is simply "bearer securities". No matter who bought this bond when it was first issued, as long as someone returns to the United States with this bond, then the United States will return the loan and interest to this person, "denying the debt."
At the same time, this also leads to the fact that such bonds can be bought and sold, but after the bond expires, the price must be lower than the yield.
For a simple example, Russia sold Poland a batch of American bonds. After these bonds expire, you can get the principal and interest of 1000 billion dollars when you go to the United States, but now Russia sells them to Poland for 90 billion dollars, even if it loses money.
Don't say that the Russian Ministry of Finance can't settle accounts, they are already doing this kind of thing.
So why should Russia do such a loss-making thing?
There are two reasons.
First of all, the United States can't afford to pay back the money after the expiration, let alone give 1000 billion, that is, 90 billion or even 350 billion US dollars, and the United States can't take it out.
Then this account will become a bad debt.
Russia has taken a US debt that will definitely become a "bad debt" in their view, and now it has nothing to lose by quickly changing 90 billion US dollars.
Second, the United States paid back the money, including the principal and interest, 1000 billion dollars, and paid back all the money.
But the returned 1000 billion dollars is far less valuable than the current 90 billion dollars.
Because the 1000 billion dollars returned by the United States at that time is probably printed by him now, which is to pay off debts and issue additional shares.
As we all know, "scarcity is precious", and issuing additional US dollars will lead to the depreciation of the US dollar to a certain extent. Therefore, after calculation, the Russian Ministry of Finance has determined that the current US$ 90 billion is more valuable than the US$ 1000 billion after the maturity of this batch of US debt, so sell it now.
In short, in the current situation in the United States, buying American debt is a business with a high probability of losing money. What Russia can do is to find ways to reduce losses and stop losses in time.
Moreover, not only American debt, but also the dollar assets in Russia's international reserves are being sold in large quantities, replaced by gold and RMB. Russia calls this "optimizing the structure of foreign exchange reserves" and "raising more high-quality foreign exchange assets".
How to calculate "optimizing foreign exchange reserve structure" and "raising more high-quality foreign exchange assets"?
Throw those "inferior foreign exchange reserves" out of your own international foreign exchange reserves, and what remains is "high-quality foreign exchange reserves." Then, can Russia's own "foreign exchange reserve structure" be "optimized"?
It can be seen that in the eyes of Russia, the US dollar has long been an "inferior foreign exchange reserve" that must be eliminated from its international foreign exchange reserves, even if it is "losing money".
Russia, a "fighting nation" that has always been "silent", really wants to completely empty its "dollar assets" in international foreign exchange reserves and prepare to "stop playing" completely.
In fact, it didn't happen overnight that the dollar fell to this point.
When did the dollar establish its status as an "international currency" and "the overlord of the dollar"? It was after the Bretton Woods conference after World War II that the Bretton Woods system was established, and the dollar was directly linked to gold. At that time, the standard was that 1 ounce of gold was converted into 35 dollars, and 1 ounce was about 30 grams. So at that time, 1 dollar could buy more than 1 gram of gold, and the name of "dollar" was "dollar"
From then on, the United States began to harvest the wealth of other countries at will with the help of dollars, and the dollar became the sharpest sickle in the hands of the United States.
The most famous event was Soros shorting the Thai baht.
In the 1990s, Soros just bought at the simplest low price, then hyped at a high price in US dollars, and then sold at a high price, thus directly reaping the wealth of the whole country in Thailand. It can be said that Thailand's economy has been directly regressed by Soros for many years.
Later, Soros took aim at Hong Kong, China, and prepared to send a "generous gift" to Hong Kong, which has just returned to China. Fortunately, the central bank of our country supported Hong Kong behind its back, and with its not too weak economic strength and very correct decision-making, it just "escaped" Soros's attack.
Why did the Thai people at that time, regardless of gender, age and wealth, suddenly seem like "everyone has no brains" and then desperately bought dollars to "help" Soros raise the price of dollars?
Can't they think that this is digging a hole for themselves?
I really can't believe it, because they bought dollars.
In the understanding of these Thais, the US dollar is an "international currency". Even if I drop it, where can I go?
Therefore, with the dominance of the US dollar in the "world currency", Soros directly swept away most of the wealth of the Thai people with almost no effort.
This is just the most obvious example of the United States harvesting the wealth of other countries with dollars. In recent decades, there have been countless examples of the United States harvesting the wealth of other countries with such dollars.
This practice in the United States can be said to be "a godsend, and it cannot be used."
It is undoubtedly a waste of time for the United States to use dollars like this.
Therefore, it is found that the role of the US dollar as an "international currency" has changed from the original advantages to disadvantages, and more and more people feel that "the world has suffered from the US dollar for a long time".
Moreover, due to the "international currency" status of the US dollar, as long as there is an economic crisis in the United States, the whole world will be involved.
Especially since the beginning of 2 1 century, all the major economic crises that affect the world have basically originated in the United States.
Who can stand such a thing? There is an economic crisis in America. Why do people all over the world have to "take the blame" with the United States?
However, the United States does not think so. In the eyes of Americans, since we have the invincible "killer weapon" of the US dollar, why can't we rely on this "killer weapon" to pass on the crisis after our own economic crisis and let others "take the blame" for ourselves?
In the eyes of Americans, "the best friend is immortal and original" is simply justified.
But where there is oppression, there is resistance.
The United States oppresses and exploits people all over the world with dollars, so people all over the world have the right and obligation to tear down this "mountain" that is pressing on their heads.
In addition, the "maturity tide" of US$ 28 trillion debt is imminent. At this juncture, the Biden administration actually wants to continue to issue additional US debt in an attempt to "support debt with debt and stimulate the economy". To put it bluntly, it is "robbing Peter to pay Paul". The depreciation of the dollar is predictable. In this case, who is willing to continue to climb the "dollar hegemony"
Therefore, Russia will stand up directly and start the "first shot" of shorting the dollar and oppose "dollar hegemony." Moreover, Russia has also pointed out that the real "potential stock"-RMB can replace the US dollar, and there will be no disadvantages of the US dollar at present.
This is the choice of history, this is the choice of the times, maybe soon, we will all make the same choice as Russia: dollar hegemony, goodbye!