
New centers of global economic growth have emerged to rival the West, and are seizing opportunities to cooperate and strengthen ties, Russian Foreign Minister Sergey Lavrov told RT on Wednesday.
Lavrov named China, India, Iran, the Gulf countries, and groups such as the Community of Latin American and Caribbean States (CELAC) as among the growing economic powers.
“The West has been calling the shots in the world for over five centuries. And this era is over. It will take time for this era to be replaced by multipolarity, which has already started to take shape,” the Russian diplomat stated.
Lavrov cited the suggestion by Brazilian President Luiz Inacio Lula da Silva, who said CELAC should “really think about getting rid of total dependence on the US dollar and think about their own currency.”
Lula has also suggested an alternative payment platform for the BRICS group of nations, Lavrov noted. The Russian diplomat claimed that these ideas are a response to the way the US is “abusing the role of the dollar with unilateral sanctions, just canceling overnight all the principles they were basing their model of globalization [on], and inviting everyone to join.”
Lavrov argued that the same had happened at the World Trade Organization as soon as China gained more clout in global trade and investment. “As China was winning over the United States on American-made turf, immediately the WTO dispute resolution organ was immobilized,” he said.
The Russian diplomat claimed that Washington invents rules which it insists everyone else must follow, as long these regulations serve US interests. As soon as other nations become more efficient than the US itself, the rules are changed, Lavrov said.
“This era is coming to an end because of these new world centers of economic, military, political power, and influence,” he stated, adding that the process of shaping a new world order would take time.
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Via https://www.rt.com/business/587325-western-economic-dominance-over-lavrov/
Well, yippee, is all I gotta say. The US needs a good spanking.
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I totally agree, Katherine.
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Don’t forget Germany. 😉 We only had tried to bound whole Europe to Russia. Soon we will reestablish the connections, to leave the treaty with the USA.
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I sure hope so, OIKOS. Germany belong with countries supporting a multipolar world.
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“Western Economic Dominance is Over”
America is over; finished!! Dr. Bramhall, I don’t know if you watch videos of the shit that’s going down over here, but if not, we ain’t looking so good and that is a serious understatement. We are soon going to get to the point whereas there are more homeless people than there are housed people. The food bank lines look worse than Depression era breadlines. People are NOT shopping. People are NOT eating out like they used to. Folks are broke!! It is more cutthroat over here than I have ever seen it. America is finished, and unfortunately, her most vulnerable citizens are getting hit hard first, but it’s going to eventually get around to US all.
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Fortunately it’s not quite that bad yet in New Zealand, Shelby, but I see it moving in that direction.
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US “adversaries” have some good ideas that maybe we should consider adopting. One is the “gold standard” in a limited fashion, as I believe Russia and China are doing. Some people claim that President Nixon closed the “gold window” in 1971, but FDR made trade in gold illegal in 1933, when he declared a bank “holiday” after his election during the Depression.
Now we have a fake central bank, which is tied to fake banks around the world, and electronic money that can be disappeared in an instant, as Justin Trudeau recently proved in Canada.
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