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The world currency role made U.S. financial hegemon.
This power together with the IMF and World Bank enabled the U.S. to plunder foreign resources the way vanishing American resources had been plundered.
Countries are starting to abandon the US dollar as the currency of international transactions and arranging to settle their international accounts in their domestic currencies.
China’s Silk Road encompasses Russia with much of Asia in a trade bloc independent of the Western financial system.
Other countries hoping to escape US control are turning to Russia and China to achieve sovereignty from Washington.
These developments will reduce the demand for dollars and impair US financial hegemony. Alternatives to the World Bank will remove areas of the world from the reach of US plunder.
American Decline: What is left will be a ruin…
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Financial Report Date: August 2019
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