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French Expert: ‘US Monetary Control of World Will Collapse’ Due to Ukraine War

News - World: US monetary control of the world will collapse if Russia resists Washington’s sanctions and survives with Chinese support during the course of the war with Ukraine, a leading historian has warned.

 

 
In an interview with Le Figaro on Friday, French historian and anthropologist Emmanuel Todd said, “If the Russian economy offers long-term resistance to sanctions and manages to bleed the European economy white and manages to survive with Chinese support, US monetary control of the world will collapse and with it, the US’ ability to finance its mammoth trade deficit for next to nothing.”

Todd stressed that the US and its European allies are involved in the war and cannot get out of it before Moscow.

“This war has become existential for the United States. It cannot get out of the conflict before Russia. They cannot let go. This explains why we are now in an open-ended war, in a confrontation that is bound to result in the collapse of one side or the other,” Todd added.

He also recalled a piece of analysis offered by Professor John Mearsheimer, a leading politician at the University of Chicago, who argued that whereas for Russia this conflict was “existential,” for the US it was just another game among other countries, and that victory or defeat in it would be of little importance to the US.

“But this analysis is insufficient. Biden now has to hurry. America is fragile and the Russian economy’s resistance is pushing the US imperial system toward the abyss. Nobody had expected the Russian economy would be able to withstand the ‘economic power’ of NATO,” Todd said, referring to Mearsheimer’s analysis.

He is convinced that the United States is in a long-term drawdown and, given its declining influence in the world, wants to push for more influence in its “main bulwarks” acquired after World War II, namely Europe and Japan.

Source: Press TV


 

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This page is the English version of Almasirah Media Network website and it focuses on delivering all leading News and developments in Yemen, the Middle East and the world. In the eara of misinformation imposed by the main stream media in the Middle East and abroad, Almasirah Media Network strives towards promoting knowledge, principle values and justice, among all societies and cultures in the world

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