A top Russian banker has accurately stated that the US Dollar’s dominance is coming to an end.
RT:
The hegemony of the US dollar is seriously challenged by the rise of the Chinese yuan and by Washington’s failed attempt to wreck the Russian economy by weaponizing the greenback, Andrey Kostin, head of Russia’s banking major VTB, told Reuters on Friday.
The major banking figure said that under the current geopolitical circumstances more and more nations are shifting away from trade settlements in dollar and euro, while China is moving towards removal of strict currency policies.
“The long historical era of the dominance of the American dollar is coming to an end,” Kostin said, in an interview with the news agency. “I think that the time has come when China will gradually remove currency restrictions.”
According to Kostin, VTB has been discussing using the Chinese national currency in settlements with third countries.
“China understands that they will not become world economic power number one if they keep their yuan as a non-convertible currency,” he explained, adding that it was also dangerous for the Peoples Republic to keep reserves invested in US Treasuries.
Nobody knows how all this is going to play out, but clearly we see a major move around the world by countries to detangle themselves from the US Dollar.
At some point, the US Dollar will no longer be the world’s global reserve currency. This is inevitable. The US government and the insane Jews who run it have done far too many crazy things in the name of their satanic global butt sex agenda. They’ve totally undermined the economic system which has been the foundation of all of their power.
