SANCTIONS? Or enough rope to hang yourself?
Two years ago, international trade was done in US dollars. And that secured the currency, with a huge percentage circulating the globe in international trade. Keeping it stable was in everyone’s interest.
By then Brics (originally Brazil, Russia, India, China and South Africa) was growing and discussing trading in currencies other than USD.
The UN was the arbiter of international law and justice, but the American thumb weighed heavy on the scale.
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The US then ensured the conflict in Ukraine kept building until Russia stated its special military action. And that’s where things went terribly wrong.
Russia was sanctioned, kicked out of international trade and international bodies. Russian assets abroad were seized.
Russia needed to fund its war and to do that it has commodities the world needs. It couldn’t trade in USD, so had to find other ways. That meant roubles and yuan, for the most part, but it also pressed the accelerator on the new Brics currency.
Meanwhile, the Israeli genocide of Palestinians meant the UN had to try to bring Israel to reason. The US defended the Zionist state. This is such an affront to so much of the world that the UN faces huge changes or it will no longer be relevant in 60% of the world.
The US has huge trade and expensive military. It continues to have a huge influence, but for how long? There are more than 50 countries currently waiting to join Brics, and it looks like the organisation will soon hit 65 members and account for two-thirds of world trade, possibly more.
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The EU is talking of taking $50bn of Russian assets and putting that power into the hands of the Ukraine. Russia will return the favour, no doubt.
Remember that Russia wanted to supply cheap fuel to Europe and built pipelines to do this. Sanctions put the price of fuel in Europe up by five times the cost, wrecking German industry in the process. The US destroyed the pipeline, according to journalist Seymour Hersh.
The world turns away from the US, towards the mutipolar future offered by Brics. Away from usury and threat towards mutual benefit. The USD has lost its stabilisation force and is no longer a currency protected by the world. European industry is mostly gone or reduced.
Every weapons system that the US military might have relied upon has been defeated, by Russia in Ukraine, by Iran in Israel and even by the Houthi in the Red Sea. Even US fighter jets are affected. Russian titanium is no longer available, they’ve turned to other sources of dubious quality and that has compromised equipment.
China’s economy is on par with America’s. Russia is fourth-largest, but India, Brazil and South Africa over-match the G7. Turkey, having spent decades trying to join the EU, has now turned its eye to Brics, signifying a sea change in the Middle East.
The world is mutipolar and new lines are being drawn. The US has lost popularity and is being exposed for its lies, deceit and bullying tactics. The CIA playbook for fomenting internal unrest in countries is well known, and the value of the dollars they’ve used is much reduced.
The US used to be listened to, but more and more countries are deciding to turn the propaganda channel off.
The UN faces change, the US threats to judges at the ICC/ICJ can’t be tholed. The permanent members of the Security Council are being challenged.
The UN will become what it always should have been or it will fall, just as the League of Nations did.
Times are changing, and Scotland needs to land on the right side. Time we weren’t stuck to what England decides.
Brian Kelly
Dunfermline
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