20:43 GMT +3 hours24 May 2016
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Will Iran, China, Russia Push US Dollar to the Brink of Extinction?

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Iran is moving forward to get rid of the US dollar as a means of payment, independent researcher Timothy Alexander Guzman points out, adding that Washington has obviously shot itself in the foot by imposing sanctions on Moscow and Tehran.

The supremacy of the US dollar is in danger: more and more countries around the world are seeking to replace the American currency, independent researcher and writer Timothy Alexander Guzman notes, pointing to a series of Russo-Iranian agreements aimed at stopping mutual settlements in US dollars with foreign countries.

"This past March, Iran and Russia signed an agreement to jointly create a regulation committee to 'oversee interbank financial transactions between the two countries.' The positive outcome of the agreements is to avoid any future sanctions Washington and its crony allies use as a financial weapon against its adversaries," Guzman writes in his article for SilentCrowNews.com.

It is no secret that US leadership uses the dollar as a weapon in its economic warfare against those countries, which reject bowing before Washington's political elite.

The US' arm-twisting policies prompted the world's nations, especially oil producers, to seek a substitute for the dollar.

Both Saddam Hussein and Muammar Gaddafi openly declared their commitment to replace the dollar with the euro and a 'single African currency' backed by gold, respectively, for oil transactions and foreign trade. As a result, both had been toppled and killed.

"Iraq, Venezuela and Libya tried to drop US dollars for oil trades but were met with resistance from Washington," Guzman emphasizes.

Currently, Tehran is leading the charge in the Middle East to escape the dollar's diktat and replace with other currencies.

Predictably, Washington is panicking.

"Iran is a long term goal for regime change. However, with Russia and China in the picture, it seems very 'less likely' to happen. Russia and China are major obstacles for the Pentagon war planners. The US has hopes that the Islamic State [Daesh] can create more chaos in the region allowing ISIS to target Iran within its borders but that is a long shot," the researcher elaborates.

Besides Iran and Russia, China is replacing the dollar as mediating currency in its trade with Russia and other countries, at the same time bolstering the positions of the yuan as an alternative reserve currency.

As more countries are pushing ahead with de-dollarization, the US dollar faces decline in its exchange value. And it will result in a weaker dollar.

The de-dollarization is an obvious backlash against the US' longstanding policy of oppression of its geopolitical rivals. In fact, Washington has shot itself in the foot by imposing restrictions on Russia and Iran's trade. No one likes a bully.

"Washington started this war with its economic sanctions on Iran and Russia because they do not comply with its demands as Imperial power that makes all the rules for the world to follow. Now Iran and Russia will finish it by dropping the US dollars for their business transactions, a solution long overdue," Guzman concludes.

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transactions, reserve currency, regime change, economic warfare, gold, rial, dollar, yuan, oil, trade, ruble, cooperation, Operation Iraqi Freedom, Iraqi war, The Syrian war, Saddam Hussein, Muammar Gaddafi, Iran, China, Libya, Iraq, United States, Russia, Venezuela
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  • teddy j
    let the world HOPE and see the day -- soon -- THAT the USA DOLLAR -- GOES EXTINCT.

    yes -- a LOT of ''instability" will be caused - much ''assets and wealth" based on dollar will be ''erased"

    BUT -- the greater importance - indeed -- the ONLY importance , is to remove it from its perch as the world's PILLAGE AND PLUNDER instrument of american empire and its

    unearned, unjustified power to RAPE the world and her peoples...that enriches the USA with ill-gotten wealth and make-believe ''assets" and ''value" in the USA dollar.

    the SOONER IT GOES -- and gets buried -- what is LEFT - WILL BE BETTER for the world.
  • Randall Lee Hilburn
    Smart move! The American Empire is a giant with feet of clay. The clay being its total dependence for its existence on the use of the US Dollar as the worlds reserve currency.
  • teddy jin reply toRandall Lee Hilburn (Show commentHide comment)
    Randall Lee Hilburn,

    " WE ARE A Nation of Gangsters and Racketeers for our Big Boss: our super nationalistic capitalism and our cultural and economic assault on the world..

    "our Foreign policy has always been geared towards gathering as much of the world's resources unto ourselves -- at the expense of others...

    "we have our big, corporations, big banks, big finance, big industries -- who have their big brains who identify who shall be destroyed that gets in our way...

    ''and of course we have our Big Muscle...our armed forces -- which i led as our chief high class muscle enforcer for our racket in 3 continents...

    "the TROUBLE with US americans is: when our own dollar can't really buy more than a few percent -- 5-6 percent of its own value at home - WE get uneasy -- so we go abroad to force countries to let it buy 100 percent more than it is really worth....

    ''and where our Dollar goes -- there follows our Flag -- where the flag goes -- there go our armed forces".

    "for 30 years i served -- suspending my own conscience knowing that
    WHAT WE DO IS EVIL ...and i will have nothing more to do with it::.''

  • AnomicDust
    The dollar stops being a tool of aggressive leverage when its share of global reserves (62%) drops near US global GDP share (17%). This massive spread floats the greatest skimming operation in history.
  • coolerheads
    Russia, China, and Iran don't have a large enough share of global GDP to have a large impact on the dollar. Plenty of other countries are buying up dollars in record numbers, which is why the dollar is on an upward surge. The surging dollar helps U.S. consumers, but hurts U.S. exporters. It's a two-edged sword.
  • Mitach2002
    The sooner the terrorist American government falls the sooner the world becomes safe.
  • cast235
    There is one one piece of the equation overlooked. INDIA. India is REVIVING and becoming as powerful as China in many aspects of economy already. India is even newer than China and well played and careful, not allowing deep inflationary points to go up, it will be a lasting one. India is a good friend to Russia and considers Russia a BIG strategic partner. China is dominating in some areas, BUT it must be remembered, that it's a good start. India is now more into buying power. Russia MUST remain out of been the sole constructor and teacher.. also allowing cooperation. What Russia needs is a good balance where all this deals etc signed with India can be realized without hurting Russia's interest.. And is possible.
    ACADEMIA should be a great start. And think tanks at academia level. But selling this to give teachings is no good. there should be a balance.. And cannot get newest stuff just like that.. Because it would HURT Russia. S400? Well soon S500 and maybe S 600 be out.. building for export would be good.
    Ukraine had a pie that they still have no idea under the E.U and U.S propaganda. They ve no idea what they lost. Now? yes laugh all you want on Russia.. Wait until Russia put all acts together.. see who will laugh at end.

    All people think is about GPD. IF they had an idea, they wouldn't there are so many other factors where GPD is only a measure.. And no a final outlook.
    China is beginning to move into the arena. by 2030 , China will surpass all it dreams today... When world economies do better. Now all this coups, regime change DAESH , weakened the whole world.
    That's why Russia MUST somehow form a BIG military block. To end that. Once the coups etc end, the world will be oriented in economy. Not war. Money will roll.
    Unfortunately the happy 4 and friends decided terrorism is the way to go. Like the Opium wars, they designed to do one things. Weaken opponents that they want to dismantle . In this case Russia. And is the same players all over again. Russia needs a NAVY like the world had never seen. To project power to be used to fight global terrorism. China can help , finding opportunities where Russia gets cash and tech... And India should be in it, if it expect something from Russia. Because India will be tested by them. India was chipped before, and who was the ONLY to step on. Russia. Russia will get lands again, many will love yo join what Russia make. BUT it must create own institutions, to be able to actually merge EU and EEU... THAT would be awesome. Bu all is one step at a time. No oone was born running.
  • Ivan Zadorozhny
    Good riddance to bad rubish.
  • maskazer
    Looking forward to it, but let us hope that in addition to dropping the US-dollar from global transactions, Iran, China and Russia may also consider implementing the rules for control, supply and insurance aspects of oil and gas business across Eurasia and if Washington keeps normal behavior, it too could receive some oil and gas in the future.
  • maskazerin reply tocoolerheads(Show commentHide comment)
    coolerheads, They do if they play the shots in the Straight of Hormuz, which is very close to my home town. Western GDP numbers, are mostly fake. They can drop in no time once the game begins.
  • gmprattin reply tocoolerheads(Show commentHide comment)
    coolerheads, We will see whether the rising US$ is based on economic activity or political. Surely as more countries abandon the greenback Washington will require its "allies" to buy dollars to take up the slack.
  • karlof1
    The answer to the headline's question is no, but with a caveat: The USA will still use the dollar as it has since the nation's inception, but it will no longer enjoy the lofty height as the world's solitary reserve currency as its replaced by a basket due to the gross mismanagement of a great many things by numerous dysfunctional Outlaw US Empire officials.
  • marcanhalt
    This is a great article to think on...I have a suspicion that Iran has been ready for any outside invasion since the US's sanctions started. IF ISIS crosses that border we will hear that such-and-such a faction has been annihilated, decimated, destroyed "to the last man and there were no wounded to report". You cannot have a people ever on the alert since the start of sanctions began after the Iranian Revolution in 1979, with the US promoting more sanctions in '95 and the UN getting involved in '06 and not set up a grudge match with someone; anyone. Further, if Turkey is, somehow, the banking system in the Middle East on behalf of the Federal Reserve, and if the country has its own internal wars, who would want to come to that Nation's aid outside of NATO and Saudi Arabia, both of whom would be bankrupt at the time? I suggest that the Saudi's follow Iran when it comes to replacing the dollar as they don't have too many more they can spend anyway. Further, it is time for new elections in Turkey which will save the face of Erdogan's promise to resign.
  • goaismine
    the US Currency is on decline no doubt the question that remains what will the US do
    once the final phase is reached ?! attack china .. or maybe iran or in a worst case scenario
    may god forbid russia ? if so it would be the last mistake this Regime in the US could do ?
    are you combat ready ?! you bet we are
    viva mother russia !
  • goaisminein reply tocoolerheads(Show commentHide comment)
    coolerheads, depends how long china will follow the rules
    no matter how many countries buy or not buy if the rules are being changed
    and they are yes in a slowly pace but they do . The US has robbed and killed on this planet and be sure their will be end to it !
  • ivanwa88
    Anyone who thinks US $ value currently against Canada and Australia in particular are real values are sadly mistaken. They are willing participates! in propping up the US $. In the same way Canada has been leveraged to use all its reserves to prop up Ukraine economy to the tune of 290 Billion. As also Europe to fund refugees to compromise Euro to keep on par with US $. Wake up people there is a huge amount of extraordinary geopolitical manipulation going on to keep US currency from falling through the proverbial toilet.........!!? but how long will it last........!!?
  • It is simple, the USA bullies only those countries that do not have nukes. Any country with nuclear weapons is too much to ask for American sissies. Instead of destroying them Russia should get in an agreement with friendly countries to install small special military and security bases (free of charge for the Russian military) in order to prevent any regime changes/government coups. And then drop the US dollar in these countries :)
  • rmpblue
    How's that Russian Ruble coming along? Oh, and about the Iranian Rial . . ?


    Both have about as much purchasing power as the stone Fred Flintstone used i Bedrock. And their combined stability is about as reliable as the San Andreas Fault in California's earthquake country.

    Russian media has been printing about the dollar's demise for literally years . . .

  • daltonfury33
    Ironic part is right now the only currency Iran and Russia will accept for oil is the US dollar
  • ivanwa88
    Yes for now! massive massive intervention on many levels is being manipulated to prop up $ and weaken Ruble etc. this is a vicious short term action dependant on the virus maiming the victim. If the victim survives well that's another story altogether then its a $ worth about 40c Australian. The other story is the intended victims now have a will and a plan to keep the economies strong by purchasing with sovereign currencies. I imagine they will draw up a charter setting the value for a future point in time to redeem. Thus ensuring a limited form of internal well being. Whilst they watch those nations attached to $ have to revalue based on some sort of security ie Gold. Except US doesn't have any, leading to a sharing of gold to balance currencies, which is already happening on a lesser scale albeit. This of course will lead some to abandon ship and join the flotilla.
    There is no doubt now that US has spent all its gold and spent 3-4 times over realistic values of its currency as also absorbing reserves of there allies to wage a massive campaign since 2000 to complete the the act of world domination.
    Like all super ambitious plans, part of it works and most fail. This was an all out all in last ditch super sonic effort to prolong the Western Empire beyond reach of any aspiring nations with thoughts of a multi power sharing ambition. The unstoppable decline of $ will end the Empire and bring about a long peaceful transition into world peace and prosperity. Long may it reign.
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