A worldwide movement gaining momentum and the transition towards the multipolar world has put an end to the dominance of the US dollar, says a US-based activist.
Richard Becker, an anti-war activist from the Answer Coalition based in San Francisco, told Press TV in an interview on Monday that the US government is “very worried” about the dollar losing its dominance.
“The [US] government is very worried about this… there is a rising movement in the world along with the multipolarity that is emerging and has emerged, in fact, I think the movement has put an end to this kind of domination,” Becker remarked.
His remarks came after US Treasury Secretary Janet Yellen admitted that Washington’s imposition of unilateral sanctions on countries around the world could weaken the dominance of the US dollar.
“There is a risk when we use financial sanctions that are linked to the role of the (US) dollar that over time it could undermine the hegemony of the (US) dollar,” Yellen told CNN in an interview on Sunday.
Becker said the "sanctions policy and the use of sanctions so widely as the US is doing, facilitated by the dollar being the world currency, has caused great destruction and immense human suffering, especially in smaller and weaker countries that are subject to sanctions.”
He added that dollar dominance has allowed Washington to continue to wreak havoc and cause suffering in many countries around the world.
According to Becker, China, Russia, Iran, Brazil, and many other countries abandoning the use of the US dollar and agreeing to settle their trade in Yuan or other currencies would hopefully mean the end of the long reign of the dollar.
“I really do hope so because the domination of the 9US) dollar has been so destructive to a long list of countries,” he added.....more below
Any moment now I am expecting John Cleese (a veteran of Monty Python) to jump out of the bushes and announce the creation of the Ministry of Silly Wars, with Donald Trump as the deranged leader. For you youngsters out there, Monty Python’s skit, The Ministry of Silly Walks, helped make the members of MP legends. I had to reference Monty Python because the line of bullshit the Trump administration is feeding the American people and the world about the amazing, obliterating US attack on Iranian nuclear sites on Sunday morning, is more ridiculous that all of the silly walks pictured in the following video:
My hopes that Donald Trump would finally act like a responsible adult are dashed. He’s a dangerous buffoon. While the team around him are working frantically to maintain the fiction that Trump has a vision and is calling the shots on the foreign policy front, he is careening around the globe like an out-of-control cue ball on a billiards table. It started a week ago… first, he claimed...
Tuesday marks the third anniversary of the launch of the Fujian, China's first aircraft carrier equipped with electromagnetic catapults. Official media said China is about to enter a three-aircraft-carrier era, with the Fujian expected to enter service by 2025.
After the launch of the Fujian on June 17, 2022, it carried out its first sea trial from May 1 to 8 in 2024. Since then, the Fujian has completed multiple sea trials, accumulating more than 100 days of sea trial, China Central Television (CCTV) News reported on Tuesday.
Wei Dongxu, a Chinese military affairs commentator, said that the aircraft carrier Fujian has been making steady progress in sea trials, and is expected to be commissioned within this year, CCTV News reported.
With a full displacement of more than 80,000 tons, the Fujian is the world's first conventionally powered aircraft carrier to feature electromagnetic catapult technologies, according to CCTV News. The report noted that it will carry a wide variety of carrier-borne...
Chinese President Xi Jinping said Tuesday that China and Central Asian countries have explored and formed the China-Central Asia Spirit, which features mutual respect, mutual trust, mutual benefit, mutual assistance, and the pursuit of common modernization through high-quality development.
Xi made the remarks in his speech at the second China-Central Asia Summit in the Kazakh capital of Astana.
Xi said that the Chinese side has decided to establish three cooperation centers and a trade facilitation platform within the China-Central Asia cooperation mechanism.
When addressing the summit, Xi said these institutions include the China-Central Asia poverty reduction cooperation center, the China-Central Asia education exchange cooperation center, the China-Central Asia desertification control cooperation center, as well as the China-Central Asia trade facilitation cooperation....more below
