Letter to the editor: What’s it all about Alfie?
Tackling the world’s most important question reminds me of a song from 2008 sung by Dionne Warwick entitled “What’s It All About Alfie?”
Our daily struggles demand an answer to that question.
The world is divided into two economic camps. The United States and its allies and the second is the BRICS (Brazil, Russia, India, China, South Africa) and its partners. Each camp is in a death struggle to determine the financial future for the world.
The United States demands the world use the dollar globally as the source for international trade as is the current system since 1935. The BRICS demand change and insist international trade be implemented in the currency of each nation.
Why change the system now? Inflation is out of control; the U.S. is $38 trillion in debt and getting worse. The unlimited printing of dollars by the Federal Reserve (still continuing) has made the value of the dollar more worthless everyday.
The world essentially rejects the dollar as a medium of exchange precisely because the dollar’s value continually weakens. If the world successfully rejects the dollar; the power, prestige, and influence the US has will evaporate. The US will become a third world country overnight.
In the past, countries like Iraq and Libya tried to escape the dollar and each country was destroyed by the US.
The unity of the BRICS makes it impossible for the US to collectively attack them because of strength in numbers. How far will the US go to try to save the dollar?
Trump is implementing gimmicks by passing the Genius Act and the Integrity Act to make the dollar relevant worldwide using stable coins. If this new system is implemented (totally unconstitutional) it will destroy the money system as we know it and it will forfeit our right of free choice.
If this “new system” fails would the US go so far as to use the unthinkable nuclear bomb? The BRICS are gaining influence worldwide as the US dollar system is being rejected. What’s it all about? It’s about trying to save a currency system that has already failed.
Terrence Watto
Lehighton