- News & Activities
Arafat: The dollar to become an “ordinary currency”
On Tuesday, 12/9/2017, Melody FM radio held an interview with the secretary of the People Will Party and the leader in the Change and Liberation Front, Alaa Arafat. In the interview Arafat discussed the latest political developments at the global, regional and local levels. Here are some of the most important questions and answers in this interview.
- Melody FM:
In recent weeks, there have been major developments in political and military files. Which one of the two files of the solution are proceeding faster, the military or political one?
If we look at the international situation, we find that the military, the political and also the economic, are all accelerating. For example: China issued a decision that it will buy oil in the Chinese yuan in terms of oil futures. This decision coincided with the BRICS summit, but it is a Chinese decision in the first place.
At the previous BRICS summit, the parties agreed to exchange local currency between countries, and also agreed on the creation of the BRICS bank (BRICS Development Bank). But the Chinese decision is a remarkable decision; It is a very strong strategic decision, and it has not received the fair media coverage it deserves, because the economic media is somewhat weak in studying the political effects of decisions of such a magnitude. It is an economic decision, but, at the same time, a high-level political decision.
What is the content of this decision? China imports 17.5% of the world's oil, so it issued a resolution saying that 17.5% of the oil it imports will not be paid for in dollars, that is, we have a dollar bloc that has no business. The dollar issue in the world is very important, and the Chinese decision means weakening the dominance of the dollar, which in turn means weakening the dominance of the Americans, the US economy and the US dollar. Therefore, the matter has deep political effects, and Washington may try to make tensions, but the wars in the traditional sense – and a Third World War as in the past – are not possible, because they are all nuclear states, and the battle can lead to the destruction of all.
- Melody FM:
Is this linked to what is happening in Myanmar and the Rohingya issue?
Certainly, we cannot exclude these issues from this general framework. Washington is now in stalemate, trying to blow up all possible mines in the face of its adversaries, including the ones in Myanmar, North Korea and the Eastern Mediterranean.
- Melody FM:
I understand from your words that it is, for the United States, a loss of a financial mass related to the dollar, and the volume that will come out of this economic circle. How much is this bloc?
We are talking about 17.5% of oil, that is, the amount of dollars traded during the purchase 17.5% of oil. What needs to be estimated here is the amount consumed by the oil market; it is about 116 billion dollars, and this number is really influential.
The point is that such action became possible and will motivate many parties to move in the same direction, and it will not be too long before the dollar becomes an ordinary currency. I do not say that the dollar will come out of the economic process definitively, but it will turn into an ordinary currency, like any other currency, and lose its status of domination imposed over the past 50 years in the economic sphere and in the field of exchange as a world currency.
The global balance of power is rapidly changing today, and in this lies the secret of the acceleration of operations in Syria and around it. At the beginning of the talk we said that there are military and political matters that accelerate. When you want to analyze any political position – even if it touches the internal situation of any country – you should look at the global framework, because the global atmosphere is determined by a few countries in the world. This should be recognized, and on the basis of this understanding the remaining issues should be analyzed.
- Melody FM:
So, is there an international decision to stop the war in Syria? Is it a US-Russian decision?
It is an international decision of course, and a Russo-American decision. There is no doubt that the Americans agree to stop the war, or let me use the exact phrase: they are "obliged" to agree to stop the war, since they have no choice, because not stopping the war means defeat, and therefore it is necessary to go to this agreement, and this what actually happened.
- Melody FM:
There are those who have been talking about the so-called East Euphrates and West Euphrates for a year now. Does what happening on the ground today, whether in Deir Al-Zour or Raqqa, prove the hypothesis of the division of influence between the Russian the American?
I do not blame analysts and politicians who think this way, because this is the way it has been for at least a century, and it is difficult to change their analysis, because recognizing the change is a difficult process.
The balance of international forces is changing, and the problem of those who talk about areas of influence, lies exactly in their inability to notice this change. They see Washington as the world's policeman up to now. Therefore, such ideas are consistent with the premise that the United States is the world’s master.
They have not yet realized that Washington is in decline, unable to find new areas of influence nor to maintain the existing ones. This is the point I want to stress. The Americans are far from this, and their capabilities do not allow them to do so.
As for the subject of East Euphrates and western Euphrates, I know that there are Russian-American agreements related to aviation, and therefore, there are areas where American aircraft fly without Russian ones, and areas where Russian planes fly without American ones. This is the basis on which those who speak about the subject of the Eastern and Western region depend. But there is no agreement prevents the Syrian army from exceeding the Euphrates, there is no such a thing.
The Russian-American agreement that exists objectively, and that we know about it, is the one related to aviation, there is nothing else according to our information. Any other allegations have to be proven by those who are talking about them.
- Melody FM:
But can there not be a distinction between Syrian and Russian policies? Russians are friends of «Israel» for example ...
Who said that the Zionist Entity is a friend of Russia? There are preconceived ideas that are being promoted, but have no basis. The Russians are not friends of the Zionist Entity. What is the evidence? There are Russian-American relations, is there a greater hostility than the hostility between the Russians and the Americans? Can you say that Russians and Americans are friends? The hostility between the Zionist Entity and the Russians is greater than the hostility between us ourselves and the [Zionist] Entity. The Zionist movement played a big role in the collapse of the Soviet Union, and this is not going to be forgotten by the Russians. The Zionist Entity is a loyal ally of the United States of America. Relations may occur without presupposing friendship, but there are those who promoting this propaganda for specific interests.
Translated from Arabic by Kassioun.