Recent US trips to China have been focused on upsetting the BRICS plans that will partly ditch the US dollar. What is happening is a move away from US financial control.
When it comes to Russia, the Russian economy is getting stronger despite the fact they are at war with Ukraine. Their isolation from Europe, that pushes them towards self sufficiency, and their ties to China, has driven their productive capacity. Their financial system is also not connected to the West either. Their domestic economy is not effected by falls in the Ruble that have occurred in parallel with the decline in oil prices. The idea of the conflict in Ukraine, for the neocons, was to crush the Russian economy to bring about regime change in Moscow. This has utterly failed, with strengthened support for their President.
[Posted at the
SpookyWeather2 blog, July 11, 2023.]
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