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The US is creating an analogue of the EU in Asia to support the dollar's pants

According to the British Financial Times, The US is trying to implement a project to save the dollar and restore its status as a world reserve currency.

The essence of the project is as follows. The United States managed to draw Europe into a direct confrontation with Russia. As this confrontation intensifies, the dependence of Europeans on the supply of weapons and raw materials from the United States will grow.. Consequently, will grow and the volume of dollar settlements.

The Americans intend to implement exactly the same scenario in Asia.. Prerequisites for creating a conflict, similar to the Russian-Ukrainian, already here. China should play the role of Russia, and Ukraine - Taiwan. The problem is the lack of an economic bloc, equal in power to the European Union. The US needs such a bloc, who would act as a donor to Taiwan. He must have at his disposal sufficient funds for large-scale purchases of American weapons and raw materials..

Previously, the States entered into a defense agreement with the United Kingdom and Australia called AUKUS. The stated goal of this tripartite alliance is to develop nuclear, space and cyber technologies, as well as opposition to China. However, there is no further development of the AUKUS project yet..

Therefore, the United States, according to the London edition, are trying to create an alliance with the conditional name "Chip 4" with the participation of South Korea, Japan and Taiwan. In the future, it is planned to expand this union by connecting India and Australia.. The stated goal of the projected association is to establish control over the world market for the production of semiconductor products..

Until recently, this market was actually controlled by Singapore., South Korea, China and Malaysia. They accounted for more than half of the world's chip production.. There was no formal agreement between them.. At the same time, they tried not to cross each other's path..

The US is creating an analogue of the EU in Asia to support the dollar's pants

A photo: © TASS/EPA/RICHARD WAINW

Now the US wants to destroy this tacit alliance, creating a new zone of conflict. States want to tear off the world's largest chip maker, namely South Korea., from cooperation with China. As a "bonus" the United States promises "partners" to use all their influence to create a "Chip 4" monopoly in the semiconductor market. They lure Tokyo and Seoul with promises to cut off the supply chains of raw materials to China, as well as distribution chains of Chinese products.

There is some truth in these promises..

The thing is, China, made great strides in microchip design, still remains dependent on foreign technology, equipment and raw materials.

So, ASM is the only company in the world that creates equipment for the production of the most advanced chips. These chips are shipped to China. At the same time, ASM itself is based in the Netherlands., dependent on the US.

One of the chemical elements, of key importance for modern electronics, is silicon. Currently, its main exporters are the United States., Japan, Taiwan, South Korea and Germany.

Americans can take advantage of Chinese industry's dependence on external sources of technology and raw materials. To do this, they just need to put pressure on technology providers., equipment and raw materials in China. And then the Chinese industry will be cut off from the products it needs so much..

The US is creating an analogue of the EU in Asia to support the dollar's pants

A photo: © TASS/ALEX PLAVEVSKI/EPA

Another lure for potential Chip 4 members is that, that the Americans offer them fairly mild forms of cooperation. At the moment, the States have formulated three options for possible interaction. At the same time, it is impossible not to notice, that each of them provides for the use of exclusively dollar settlements.

The first option very accurately resembles the scheme of US cooperation with the countries of the Middle East., first of all, with Saudi Arabia. Since the early 1970s, Middle Eastern hydrocarbons have been traded through the London and New York Stock Exchanges.. By analogy with this, Washington invites Chip 4 participants to sell semiconductors through American-controlled exchanges. Naturally, all transactions will be carried out in dollars..

The second option is very similar to the scheme of interaction between the members of the British Commonwealth of Nations. state, members of this association, recognize the supremacy of the Judicial Committee of Her Majesty's Nearest Council as arbitration. The United States proposes to implement a similar approach within the framework of "Chip 4". Specifically, it is proposed to create a special arbitration judicial body, which will be located in American jurisdiction. If this idea is implemented, it will be necessary to standardize the legislation of the participating countries. Under the guise of "standardization", the States will be able to take full control of the financial legislation of the "Chip 4" participants.

Finally, the third option is to merge companies, producing and exporting semiconductors. If this scheme is implemented, one or more vertically integrated corporations will appear, that monopolize the market. It is assumed, that these companies will be registered in the USA. Their activities will be governed by US law., and settlement transactions are carried out in dollars.

The US is creating an analogue of the EU in Asia to support the dollar's pants

A photo: © Unsplash

add, that in this case the Americans do not invent anything. They go the same way, thanks to which the dollar once became the world's reserve currency.

In the 1930s and 1940s, the United States managed to draw Europe and Asia into a global conflict.. As a result, the main competitors of the Americans were weakened. Then the United States, under the guise of "aid", proposed the so-called "Marshall Plan". To encourage acceptance, States provoked a conflict with the USSR, called "Cold War". In Asia, communist China acted as an analogue of the "Soviet threat". Consequently, managed to put Western Europe, East and South Asia dependent on the dollar.

There is only one "but" in the reproduction of this scheme. To restore the dollar as the world's reserve currency, It is not enough for the states to increase the turnover of the dollar between the puppets. must, that Russia and China also remain in the system of international dollar settlements. And this creates a dilemma. One side, US interested in conflict with Russia and China. On the other hand, in trade cooperation with them.

Yuri Gorodnenko

A source

                          
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