Source: Satellite land (ID: land4us)
Since the Russian Ukrainian war, the continuous rise of the ruble and the energy crisis in Western Europe have given a vivid lesson in finance to people all over the world. It is an unproven truth that money is money when there is money. Because once the face is really torn, who can’t live without leaving is a question that must be clarified first.
If I have goods, you only have coins. My goods don’t recognize your coins. What’s the use of your coins?
News: Russia will stop all natural gas supplies to Europe until the West lifts sanctions. At the same time, we can also see that the US dollar index is still reaching new highs, and the US dollar hegemony seems “high and motionless”. In fact, we know that Russia has emptied all US dollar foreign exchange long ago. After the Russia Ukraine war, Russia announced that the ruble was settled, and the Russian Central Bank collected and stored foreign exchange in a unified manner. But all this has not really shaken the foundation of US dollar hegemony. Why?
Because all Russia’s practices have never really left the closed-loop system of the dollar.
As for the closed-loop system of the US dollar, I have already introduced it in the previous article super sovereign system and world yuan. Here, the “ruble settlement order” of natural gas sold by Russia to Western Europe is taken as an example to illustrate this currency transaction process.
From April 1, enterprises declared by Russia as “unfriendly countries and regions” need to start ruble accounts in Russia and use the accounts to pay for Russian natural gas. Obviously, Western European enterprises using the euro have to do so.
And Gazprom, which has been handling natural gas transactions with the west, is not on the Western sanctions list and is authorized to implement the decree. The bank will open two accounts in euros and rubles for Western European buyers.
Then the Western European buyer remitted the euros to the euro account, and Gazprom converted these euros into rubles, and then transferred them to the ruble account of the Western European buyer. Western European buyers take these rubles to pay for Russian natural gas.
The process is shown in the following figure:
The whole process seems complicated, but the essence is the continuous conversion of currencies within different institutions. Let’s compare the currency trading process before the ruble settlement order.
Before the ruble settlement order, Russia had no foreign exchange control. Therefore, Western European enterprises directly open a euro account in Gazprom, and the euro in this account can be directly paid to Gazprom.
????????
So a simple comparison before and after the ruble settlement order shows:
1. Gazprom received euros before and rubles after. 2. The ruble settlement order is only a way for the Russian central bank to uniformly collect and store foreign exchange, limit capital flight and stabilize the exchange rate.
The Central Bank of Russia’s unified collection, storage and settlement of foreign exchange have only stabilized the exchange rate of the ruble, and it still needs to continue to sell the euros it earns. Although this debt finally returned to the banks in Western Europe, we all know that Western Europe is controlled by the United States and also has no foreign exchange control (the free flow of capital is the tenet of Western Economics), so this debt will eventually flow to the US dollar system.
Therefore, although Russia’s approach has made progress, it has not solved the fundamental problem. The reason is simple: you have not really left the dollar system.
We can see that in the whole transaction process, Western Europe spent zero euro on Russian natural gas in vain, that is, it obtained real energy input. The United States, on the other hand, is a praying mantis that catches a cicada and catches a golden finch. It obtains control of this debt in the form of us external debt, thus maintaining the stability of the US dollar.
At the same time, this also explains the fundamental reason why the United States is constantly building a fire between Russia and Ukraine and even killing Europe. Because only by creating geographical conflicts can global capital be forced to go to the United States. The United States wants to be the world’s king of debt and control all global offshore liquidity by being the king of debt.
At the same time, this also explains the fundamental reason why the US dollar’s position has not been fundamentally shaken over the years, although its proportion in international trade settlement has become smaller and smaller. Because the euro is its shadow currency, of course, other currencies are also. The US dollar has gained control of the global offshore finance in the form of external liabilities.
This is like a owes B and C 3 yuan each, but B owes C3 yuan. In fact, a owes C6 yuan. It’s too simple.
This is the closed-loop circulation of the US dollar. This is also where most people’s perception of the dollar is stuck.
We can simply classify foreign exchange transactions. Central banks of all countries always have to achieve a balance of buying and selling foreign currencies. This is a passive order, which must be done. When the United States creates fear of geo conflict in the world, when the capital actively converts the currency of the country into US dollars, this can be called the active offer, which is the reason why the capital actively chooses to avoid risks or gain profits.
????????????????”???”??????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????
At the same time, it also explains the fundamental reason why the United States is so hateful towards super large countries such as Russia and China, and wants to constantly create geographical conflicts and even incite division for you. Because your country is really too large and has an independent and powerful national defense system, you can completely escape its control. It not only wants to dismember you day and night, but also incites you and all your neighbors to become sworn enemies for generations.
All this is to facilitate it to fully control the global offshore financial system in all directions and without dead ends. Always be a global country in this way.
And because everyone has to eat, you have to eat no matter how developed your economy is, right? This explains the most fundamental reason why the United States is engaged in global grain dumping and continues to trick China into giving up the red line of 1.8 billion mu of arable land. The capital super sovereign system wants to control the foundation of the Chinese people.
?????????????????????????????????????????????????????????????????????????????????????????????????????????????????
However, this explanation is completely inadequate!
For one thing, Iraq is only a small country. Although it has rich oil resources, its trade volume is not large. Second, the most important reason is that through the above analysis, we already know that even if Iraq does settle in euros, what will be the problem? Can it threaten the dollar? The euro is only the shadow currency of the United States dollar. Wall Street can still “Amoy” European funds to the United States dollar. What’s more, this is what they have been doing, and it is the same now.
In my previous article Khrushchev in the Cuban missile crisis, I said frankly that the underlying logic of the United States has shown that it is a gangster. It is very important to realize this. Of course, because the United States has dominated globalization in the past few decades, and the dollar has controlled the credit between countries in the world, many people are not easy to recognize this essence under the aura of power. Even today, when this order is already crumbling and the true face of the United States is fully exposed, some people are still unwilling to believe this dark fact. Of course, many people think of the United States too well, which is also a very important reason.
However, this is the whole truth. I can only say that these people, who are unwilling to believe, should be doing quite well. They have no real understanding of the dark side of society, nor do they know what the life of ordinary citizens living under usury and underworld is like.
When triads and usurers bully and bloodsuck ordinary citizens, what will they do if they can’t receive money? Will you kill people as often as in movies and TV dramas? If that is the case, how can the money they lent be recovered? But if they really do, there is only one real reason, that is, to make an example of others and deter all potential forces that want to resist it. The most important thing is to let other countries prostrate themselves under his wanton power and have greater interests. Killing chickens is second, and making an example of monkeys is the most important goal. This is also the root of the tragedy of silly wood. Of course, the same goes for cardazzo.
It is precisely because the essence of the US empire is the highest level version of the underworld that we should truly realize that there is nothing to be afraid of in itself. It is a paper tiger worthy of the name. The so-called US dollar hegemony is just a financial trick that deceives itself and others. Its organizational form also determines that once it cannot continue to suck blood from outside its system to maintain the system, its system will collapse in a flash. Now we are in the midst of a “great change that has not been seen in a century”.
We should also deeply realize that the US dollar is not only the enemy of the Chinese nation, but also the enemy of the working people all over the world.
????????????????????