Last week, in a revealing 2-hour interview with Tucker Carlson in Moscow, the subject of geoeconomic shifts was raised. It was a small segment of the interview, yet I was able to read the transcript and summarize the key points of the segment.
Russian President Vladimir Putin, who currently leads the BRICS Alliance, shared his observations on the United States’ current economic and financial strategies, suggesting that America is on the path to self-destruction on the global stage.
Putin portrayed a scenario where the U.S. is unwittingly undermining its own power, particularly through its handling of the dollar as the world’s reserve currency.
The conversation, which began with a question about BRICS quickly expanded to encompass broader issues of global economic stability and the strategic missteps of the United States.
Putin argued that America’s internal policies, especially its weaponization of the dollar, are precipitating its downfall.
The Dollar’s Dominance and Its Self-Destruction
The Russian leader highlighted the dollar’s pivotal role in establishing the United States as a global superpower post-World War II. He pointed out that the U.S.’s control over the world reserve currency has afforded it considerable leverage and political strength, allowing for unprecedented levels of spending and accumulation of over 34 trillion dollars in debt without triggering domestic economic collapse.
Also see: Checkmate (Part 2) – A Global US Dollar Divorce and Re-Monetizing Gold to Support Our RV/GCR
However, Putin warned of the inherent risks in the U.S.’s current approach, particularly its reliance on the dollar for global trade. He criticized the U.S. leadership for using the dollar as a tool in foreign policy, which he views as a strategic error that has started to alienate both allies and adversaries, potentially threatening the dollar’s global status.
The Global Shift Away from the Dollar
Significantly, Putin noted a shift in global trade practices, with countries increasingly questioning the necessity of using the dollar for transactions. This move, according to him, could lead to a drastic reduction in the use of the dollar, undermining the U.S.’s economic dominance and potentially leading to severe internal financial crises.
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The Russian president also touched upon the response from other nations to the U.S.’s sanctions and restrictive measures, such as asset freezes, which have spurred a reevaluation of the dollar’s indispensability in international trade.
He highlighted Russia’s own shift from dollar and euro transactions to rubles and yuan, portraying it as a defensive measure against U.S. policies.
Global Repercussions: The Rise of BRICS Alternative
Putin’s insights reveal a broader concern about the future of international economic relations and a significant shift in global power dynamics. He implicitly suggested that the U.S.’s actions could pave the way for other currencies and economic blocs, such as the BRICS Alliance, to assume more central roles in global trade and finance.
Also see: New BRICS PAY System: How BRICS Will Reset Global Currency Power
The geoeconomic segment of the interview concluded with Putin reflecting on the consequences of the U.S.’s economic strategies, not just for America but for the global community.
He questioned whether U.S. policymakers fully grasp the long-term implications of their actions, which he believes could lead to diminishing U.S. influence and the emergence of new global powers.
Watch the full interview here: