American journalist and host of the Redacted News program Clayton Morris said that Moscow and Beijing have dealt a crushing blow to the dollar, working on its replacement within BRICS. This was reported by RIA Novosti.
Morris claims that Russia and China have dealt a crushing blow to the dollar. He claims that more and more countries are seeking to abandon the US dollar.
“Putin and China have dealt another devastating blow to the West.<…> More and more countries are deciding to abandon the US dollar – Laos, Pakistan, Argentina, Brazil – all are moving away from the dollar for transactions,” he notes.
The journalist believes that the Western media (media) is paying little or no attention to this move by the BRICS countries. He stresses that America’s sovereign debt problem and trade deficit have made the dollar “less attractive” as an international currency.
The Redacted News presenter notes that the United States continues to borrow money from the People’s Republic of China (PRC). He specifies that the US continues to spend it on the military-industrial complex, further exacerbating the country’s national debt situation.
“A brilliant money-laundering scheme called the US national defence budget,” the reporter joked.
The columnist also drew attention to the anti-Russian sanctions, which show that abandoning Russian fuel has only hurt the West. Russian Federation as a gas supplier has almost completely “replaced” European importers with other countries.
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