/ world today news/ The attempt to attack Russia with the help of the dollar threatens the USA with global consequences, said economist Mikhail Khazin.
US President Joe Biden indicated Washington’s readiness to introduce “unprecedented” sanctions against Russia in case of escalation in Ukraine. As one of the mechanisms, he indicated the deprivation of Russian banks from the possibility of dollar transactions. According to Hazin, the US behaves like hooligans who are not ready for a real fight. Using the dollar as a weapon against a country like Russia threatens Americans with global consequences, the economist warns.
“Good, they are removing the dollar. But we have an example of a country with a canceled dollar – Iran. It is significantly smaller than Russia, but nevertheless Iran lives. If they cancel the dollar for Russia, then we have India, China and Iran. That’s 3 billion words”Khazin reminded.
Russia can respond to the collective West by forming a larger alliance than NATO. The expert is convinced that China and other countries will draw their own conclusions from the situation with the dollar about the unreliability of the American currency as the basis of the global financial system. Therefore, Biden is single-handedly accelerating the collapse of the dollar economy worldwide, undermining confidence in it.
Hazin attributes the rare speech by the US president to several factors. The first is the new statistics for the US economy, which show a decrease in industrial production in the country by 0.3%. The expert noted that official statistics understate real inflation in the US and the recognition of the problem with the industry may indicate more serious difficulties. The second factor is the visit to Moscow of Iranian President Ibrahim Raisi, whose speech was assessed by experts as extremely friendly to Russia. Khazin believes that a strong alliance is being built between Russia and Iran, which particularly irritates the US.
“I do not believe that they will exclude Russian banks from the dollar. Roughly speaking, it is very complex from a technical point of view. They may shut down certain sectors, harass certain banks. But when you start to think about it, how it will be done practically, you come to the conclusion that it is very difficult. Once he gets down to the specific details, all these pathetic sums become, if not a bluff, then a gross exaggeration.”Khazin said.
Experts doubt that the US will decide to use the dollar as a weapon against Russia. According to analysts, the West is deliberately increasing the tension in order to provoke Russia to decisive actions, which will then be declared as “aggression” and an attempt at sanctions.
Translation: V. Sergeev
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