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The
announcement marks the willing of the neoliberal West to penetrate
and conquer Chinese economy to start the known catastrophic action
with the help of the IMF mafia. China is about to make its biggest
mistake by attaching its economy to the Western bloc.
From
huffingtonpost.com
:
The
Chinese yuan will join a basket of the world's leading currencies,
the International Monetary Fund announced Monday.
The
IMF said that the yuan "met all existing criteria" to
be included with the U.S. dollar, euro, Japanese yen and the
British pound as one of the currencies used for the global
organization's Special Drawing Rights, which serves as a standard
for dealing with the financial reserves of its 188 member
governments.
China
is the world's second largest economy. Currency traders and
economists say the move should encourage the government in Beijing
to deliver on promises to make the yuan "freely tradable"
and to open up its financial system. The country has
historically pegged its currency to the dollar, giving it an
advantage in exporting goods to the United States and helping it
to emerge as a manufacturing powerhouse.
[...]
Lagarde
said she would have reserved judgment about the yuan's addition a
year ago. But China reformed the openness of its policies
in setting interest rates and the transparency of its data. The
IMF chief said the decision was an “indication of the
reforms that have been implemented and will continue to be
implemented.”
|
We
all know now what the IMF means when it talks about "reforms".
We saw it in the Greek experiment.
Most
importantly, this move has probably a deeper target: to stop the
increasing independence of the BRICS economic bloc. One of the best
ways for such a purpose, is the attachment of one of the biggest
economies to the Western economic system, introducing China into the
destructive neoliberalism.
A
monetary attachment of China to the Western bubble-currency system
will endanger potential plans concerning the autonomy of a rival
system based on the gold standard: “As BRICS are in the
processes to decouple economies from the Western neoliberal monetary
monopoly, they could bring back the gold standard as a base for their
transactions, which is much more steady than the paper money unstable
financial bubbles. They are ready, because they are emerging
economies with billions of potential consumer tanks and can attract
other countries too being victims of the international financial
mafia, like Argentina and Greece.”
(fa.ev/russias-moves-to-decouple-economy)
Despite its
size and its powerful economy, it is certain that the neoliberal
dictatorship will put restrictions on China's transactions with
Russia and the rest of the BRICS, targeting mainly the complete
economic isolation of Russia.
The Western
trap aims to prevent the possibility of “The Chinese yuan as the
leading currency [that] can be used in settlements among BRICS member
states, ...” (fa.ev/greeces-alternative-brics-to-switch-to)
and limit the options of other countries that are seeking to escape
from the debt prison of the neoliberal monetary monopoly, and start
using their currencies in an alternative monetary system.
By joining
the West-controlled club of hard currencies, China falls to another
trap because it will not be too easy to devalue its currency at will.
It is known that China was boosting its exports by devaluing its
currency as a key action. In the currency wars so far, the United
States many times showed to be displeased with China's flexibility on
devaluation.
However, the
IMF announcement shows the failure of the Western economic wars on
China and that the Western monetary bloc is facing troubles. There
are signs of weakness and degeneration in the neoliberal monetary
monopoly. It seems that the dynamic progress of the Chinese economy
is difficult to be confronted directly. It is characteristic that
many countries from the Western bloc rushed to join the Asian Infrastructure Investment Bank (AIIB), despite the
dissatisfaction expressed by the US.
Therefore,
China needs to understand that its invitation to the hard currencies
club, is an effort by the West to control its perspective towards a
competitive monetary system, in which the country may have a leading
role. It's what the bubble-economy elites fear most: the potential of
a far more reliable alternative to the neoliberal monetary monopoly
which will seriously threaten their global dominance.
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