Thursday, September 22, 2022

The Meeting Of The Shanghai Cooperation Organization And Why It Is Important:

Will The United States and NATO Wake Up To What Happened at the Meeting of the Shanghai Cooperation Organization?



I am certain that most Americans do not have a clue what transpired this week at the meeting of the Shanghai Cooperation Organization (aka SCO). It is a clarion call, a defiant declaration, that the countries, which account for over half of the world’s population, are no longer going to defer to the United States. The attendees included Russia, China, India, Turkey, Iran, Pakistan, Egypt and Saudi Arabia.

The speeches by Russia’s Vladimir Putin and China’s Xi Jinping are especially noteworthy. Both countries put the United States on notice that the United States and NATO will be treated as a sponsor of terrorism because they supply weapons to Ukraine that are being used to attack civilian targets. You may accuse me of exaggerating because neither Putin nor Xi mention the United States or NATO by name. But the actions of the NATO allies in Ukraine are seen by both Russia and China as acts of terrorism. I am reprinting the salient portions of each speech below.

Russia and China also put the west on notice that Iran is no longer going to be treated as a pariah state. Iran is welcomed emphatically by both Putin and Xi as a member of the SCO. Going forward, this means that Iran will do business with all members of the SCO under the rubric of a new financial order being organized by Russia, China, India and Brazil.

I am sure this is jarring news to the western allies. They have enjoyed the luxury of the dominance of the U.S. Dollar as the international reserve currency. It was the Golden Rule at work–those with the gold make the rules. The United States faces a dilemma because it insists on levying international sanctions on any nation or leader who refuses to toe Washington’s line, but the blow back effects of those sanctions are savaging the European economies and will hurt America as well.

China and Russia now realize and affirm that the United States is no longer a reliable, trustworthy partner. They see the United States as a petulant child that, in the past, coerced others by throwing temper tantrums and launching ill-conceived, foolish foreign military operations.





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