Russia's Putin responded forcefully in an interview with a well-known American journalistIt is precisely because of your arrogance that you are killing the dollar.
Obviously, Putin's statement is in response to the previous Western countries led by the United States want to confiscate the frozen Russian overseas assets, of course, the Western countries claim that they only handed over these assets to Ukraine, not their own.
Putin made the remarks in an interview with a news anchor in the United States on Tuesday.
Talking about the global trend of de-dollarization, Putin believes that even among the allies of the United States, the reserves of the dollar are constantly decreasing.
The data does show that over the past 20 years, the share of the US dollar in the reserves of central banks around the world has decreased by nearly 20 percentage points, which of course includes some US allies, who are also ** dollar assets.
Putin also stressed that if the dollar takes advantage of its dominant position and restricts other countries from time to time, including restricting payments or freezing assets, this will be a warning to the whole world.
Not long ago, the United States continued to urge the G7 countries to make a decision to confiscate more than 300 billion Russian overseas assets that had been frozen earlier. The European Union has also stated that it will transfer some of the proceeds generated by its overseas assets to Ukraine.
Russia has already responded accordingly, and if Western countries make such a move, it will be possible for Russia to retaliate. According to Russia**, 288 billion of Western countries' assets in Russia may face corresponding retaliation.
However, some analysts pointed out that if the United States really wants to confiscate these assets, it needs to have a legitimate reason. It is clear that the United States is having a headache with this.
The reason why the US dollar can still gain the recognition of all countries after getting rid of the constraints of ** is because the US dollar has given the world corresponding confidence in the past. But now global confidence in the dollar is crumbling.
First of all, because the size of the U.S. debt is getting bigger and biggerEvery time the size of the U.S. debt breaches the ceiling, the U.S. Congress always gives a higher ceiling. The original ceiling that binds the US debt has become a joke, and in fact, it is also a renegment on the US commitment to the total debt again.
The second is the repeated confiscation of overseas assets of other countries by the United States。A growing number of countries are concerned about the insecurity of their assets overseas, especially in US dollars, and of course in the Fed's coffers.
Iran has abandoned the use of the US dollar after its assets were frozen. And after Russia's overseas assets were frozen two years ago, Russia also abandoned the use of the dollar.
The experience of several countries shows thatThe discontinuation of the use of the dollar did not have such a bad impact as expected. On the contrary, the abandonment of the use of the dollar also reduces the threat of future asset confiscation by the United States.
Therefore, if the United States does make a move to confiscate Russian assets this time, there may be an even more powerful wave of global sell-off of dollar assets.
This could be an unbearable loss for the United States.