China seeks to destroy the dollar: the White House expert offers a defense plan
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The People’s Republic of China wants the dollar to lose its power as a reserve currency, Vechernye Vesty reports with reference to Sky News.
The economist of the White House made a statement about the evidence of China’s intentions in relation to the currency of the United States of America as a reserve currency. To protect the dollar, he called on the American Congress to increase the limit of the upper debt format of the United States of America.
The economist is confident in the importance of the position of the dollar. It allows America to gain certain advantages on the world stage. An example of such advantages was the possibility of imposing sanctions. Such as Washington imposed on the Russian Federation as a result of the full-scale invasion of the Ukrainian state.
“The only thing we can do to strengthen and protect the dollar in its position as a reserve currency in the world is to increase the debt ceiling,” Jared Bernstein said.
Let us remind you that the dollar continues to strengthen on the world market.
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