Katasonov: The Petrodollar and the UN No Longer Function as They Used To

Ирина Орлонская World
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In a recent interview, Russian economist and publicist Valentin Katasonov views the events occurring in Venezuela as an indicator that the international system has lost its previous functionality. He emphasizes the swift operation by the United States, characterizing it as the beginning of a new era where power has come to dominate over law. According to him, the active actions took less than an hour, and the entire incident lasted only a few hours, highlighting the readiness of the United States to act decisively and without regard for international organizations.

The economist mentions that modern conflicts significantly extend beyond traditional wars. Key factors now include finance, intelligence networks, and engagement with influential domestic groups. He underscores that the rear, which was once associated with the economy, now also encompasses the information space, social environment, and internal state security.

An important topic in the conversation is the future of the UN. Katasonov notes that this organization has effectively lost its significance: the United States is reducing its participation in numerous structures, violating its commitments and demonstrating disrespect for collective decision-making mechanisms. He also cites statements from American politicians questioning the necessity of the UN's existence and asserts that the situation in Venezuela confirms that the system established after World War II has ceased to function.

The interview extensively discusses the history of the global financial system. Katasonov returns to the Bretton Woods Conference, the US's abandonment of the gold standard, the creation of the petrodollar scheme, and the "Jamaican reform," which he describes as a closed conspiracy among several Western countries. He claims that the dollar became the global currency not due to trust, but because of military power and control over key raw material markets. The economist also emphasizes that attempts by various states to create alternatives, from Gaddafi's gold dinar to independent settlement schemes, have faced coercive pressure.

In light of current events, the expert observes signs of a systemic crisis in the global currency and financial model. He asserts that Saudi Arabia is beginning to move away from previous agreements with the US, a new power is forming in the Middle East, and internal conflicts in several countries from Latin America to Iran are related to the struggle for control over resources and financial flows. In his opinion, the world is entering a period of instability, where old rules have already been destroyed, and new ones have yet to be established.

Katasonov: The petrodollar and the UN no longer work as they used to
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