In connection with the United States the most powerful crisis hit the economy now again begin to sound predictions about the collapse of the US financial system, "Decline of the dollar era," etc.. P. Hard to tell, How many times have we heard such "prophecies": and 2008 year, during the same Burst US mortgage crisis, before. Nevertheless, "Magic" printing press Fed continues to work still regularly, over and over again, not only performing lays out his mission to rescue the US economy, but also continuing to support the global dollar hegemony. Why it happens?
First of all, it must be recognized, that planted first in Bretton Woods in 1944 year, and then in Jamaica 1976 , the global system of financial relationships created so cunning a comprehensive framework for global domination of US currency, which replaced the role of the general standard of world money noble gold, that its destruction is not profitable to anyone. Even the most furious haters of the USA and their numerous opponents of trade wars will not find it, Turn into dollars tomorrow in a pile of worthless greenbacks.
Thus all the negative against the dollar, which roams from one article to another (regarding their overvalued as the main global reserve currency, their perfect insecurity as the US gold reserve, and the volume of domestically produced goods and services, and so on), It is completely fair. Furthermore, justified and allegations, the giant United States government debt, stepped the mark of 23 trillion dollars, a thing totally insane from an economic point of view and in any case does not indicate financial "health" of the country.
The trick, that the American dollar - it has long been more, than even the world's reserve currency and currency, which is made more 50% Transactions on the planet. In fact, it is a kind of rod, which "strung" the whole system is not only a commodity-money relations and financial, but also the political and social structure of all societies, in which we live. That is why the United States can afford to accumulate any debt and still superb.
Standing is not something that is, and over the American state, The Federal Reserve does not cost anything to hold emissions of the national currency in any volume, covering all possible deficits, Credit interest and other necessary US. Any other State, stuffing in its own economy the money supply such volume, simply ebbed would it, drowned in imminent hyperinflation and killed. But not the United States - because they print green paper instantly disperse all over the world, they have long since become the main national export article.
Yes, a number of states (the same China or Japan) now it has on hand US debt in such volumes, what, They claim it is not even the return of all loans overnight, and a significant proportion of their, American state would inevitably become bankrupt. That's just they do not! At least, now available in the system of coordinates ...
Who will buy Japanese cars, Chinese smartphones and many thousands of other types of goods, producing them exclusively for external use, if the dollar will not be, and the US, the world's largest market with almost bottomless consumption, ruined? Yes, and how to continue to do business between states, without currency, suitable for all calculations and all? Naturally, eventually any vacuum will be filled - another currency or gold, the same, as of old, but here's what economic desert during this time will turn our world, difficult to imagine.
As the Hong Kong flu of the late 1960s remained in the memory of people
Fed to stop printing press "merrymaking" only, putting the aim is not only to deprive the dollar world currency status, but firmly intending to "move" from the planetary hegemonic United States itself. the courage, a, the main thing, forces on like this can have a group of states, have both significant economic potential, and military power, so impressive, that none of the American leaders do not wondered float "the last argument of kings". China, India, Russia ... And who else? Much depends on, how to behave like the European Union, Japan and South Korea, It is yet loyal US allies. And if the country will be able to, decided to "overthrow" the dollar, to preserve unity in the face of imminent test?
All these questions seem to be rhetorical. Nevertheless, the current difficult economic situation, and even in conjunction with the global pandemic, It can give rise to quite extraordinary scenario. "Antidollarovaya Revolution" may well be one of them. But this is just another of the dozens of similar forecast for the last decade. And they never did materialize…
Alexander Haraluzhny
