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Ebook: The Last World War - The US to Move and Lose

Author: Sergei Glazyev

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13.02.2024
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The coming design of a new monetary/financial system via an association between the EAEU [Eurasian Economic Union] and China, bypassing the U.S. dollar, advance some of the features of this system – which is certainly not a Bretton Woods III – but seems to be a clear alternative to the Washington consensus and very close to the necessities of the Global South. In a bout of Russophobic hysteria, the ruling elite of the United States played its last “trump ace” in the hybrid war against Russia. Having “frozen” Russian foreign exchange reserves in custody accounts of Western central banks, financial regulators of the U.S., EU, and the U.K. undermined the status of the dollar, euro and pound as global reserve currencies. This step sharply accelerated the ongoing dismantling of the dollar-based economic world order. This book explains the transition to a new global economic system based on a new synthetic trading currency based on an index of currencies of participating countries. Later, we proposed to expand the underlying currency basket by adding around 20 exchange-traded commodities. A monetary unit based on such an expanded basket was mathematically modeled and demonstrated a high degree of resilience and stability. At the same time, propose to create a wide international coalition of resistance to the hybrid war for global dominance that the financial and power elite of the U.S. unleashed on the countries that remained outside of its control. This book "The Last World War: the USA to Move and Lose", published in 2016, scientifically explains the nature of this coming war and argued for its inevitability — a conclusion based on objective laws of long-term economic development.
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