Kurginyan: If China becomes the world’s leader the US will lose its ability to print the global currency

20.04.2021, Moscow.

The US cannot allow China to become the leader in the world’s economy because in such case the dollar will lose its status as a world currency, and the US will lose the ability to live off the dollar’s emission, said political scientist, the leader of the Essence of Time movement Sergey Kurginyan on April 12 on the Donetsk Union TV channel.

“And what about all these trillions of dollars? Where do they come from? Where is the resource that generates them?” Kurginyan poses a question.

According to Kurginyan, the US is hastily restructuring the world to contain China by fracturing the UN. The new plan envisages an alliance of democratic countries against the “axis of evil” – an alliance of authoritarian countries. Among them, China is the most authoritarian.

The US is in a very bad situation and, in essence, everything is determined. Although, there is always a 5-7-10% chance that everything turns around, ” concluded the leader of the Essence of Time.

In March 2020, US President Donald Trump signed a law to bail out the economy with more than $ 2 trillion. Among other things, the law provided for a one-time payment to citizens in the amount of about $ 1200 per person.

In March 2021, US President Joe Biden signed the American Rescue Plan, providing $ 1.9 trillion to aid the economy. About $ 1 trillion will be spent on one-time payments to citizens. Every US citizen, whose annual income does not exceed $ 80 thousand, will receive $ 1400. That includes about 85% of the country’s citizens.

Source: Rossa Primavera News Agency

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