- Iran Is China’s Secret Weapon for Killing off the US Dollar’s Global Reserve Status
by Federico Pieraccini, October 3, 2019, https://www.strategic-culture.org/
There is a strong current of change affecting the international political arena. It is the beginning of a revolution brought on by the transition from a unipolar to multipolar world order. In practice, we are faced with the combination of several factors, including the application of US tariffs on Chinese exports, Washington’s sanctions on Iran, US energy self-sufficiency, the vulnerability of Saudi industrial facilities, and Iranian capabilities for resisting US attacks, as well as its exportation of large quantities of gas and oil to China. Everything converges on one factor, namely, the looming decline of the US dollar as the global reserve currency.
We have recently been witnessing events of considerable importance in the Middle East, almost on a daily basis. The tensions between Washington and Tehran are fueled above all by the Trump administration’s need to placate most of the US deep state, wedded to neoconservativism, who march in lockstep with Trump’s financiers from Wahhabi Saudi Arabia and Israel.
The aggressive policy towards Tehran, consisting of provocations and false-flags, has recently resulted in the type of public-relations disaster for the US military-industrial that I have anticipated for years would happen.
The attack by Yemen’s Houthis struck two major oil installations in the Kingdom of Saudi Arabia, exposing the shortcomings of the very expensive American Patriot air-defense systems.
This attack shocked policy-makers around the world by demonstrating how low-cost, asymmetric means of warfare can be effective beyond all expectations, able to inflict billions of dollars worth of damage with an outlay of just a few thousand dollars. The real extent of damage caused by the Houthi attack remains unknown, with Aramco struggling to provide official information.