By Nirmal P. Acharya
Recently, after following the news regarding the US printing money and raising interest rates, I tend to understand a little more about the principle of the US reaping the world, day after day. The US is printing money and raising interest rates through the Federal Reserve Bank, which determines the value of the dollar. So, rather than the market determining the value of the dollar, a handful of people in the US are doing it.
Printing money is essentially creating money out of thin air and after printing money the US ridiculously chooses the winners and losers in the so-called free market. Raising interest rates is designed to lure dollars from around the world back to the US and cause economic crises elsewhere, with asset prices plummeting. Furthermore, the US holds a huge amount of dollars, ready to go to countries to buy the bottom, easily overharvesting the world.
Thanks to the propaganda power of the US, people still think the US has free market capitalism, however, the truth is that the US economy along with the global financial system is completely rigged and manipulated. The dollar can be used to harvest not only other countries’ assets but also their sovereignty. The MCC, for example, has captured Nepal’s sovereignty with ease.
The MCC has been described by US officials as a gift from the United States to Nepal. However, Nepal only has the right to pay matching funds for this “gift”, but has no right to manage and audit this “gift”, and Nepalese law has no jurisdiction over this “gift”. This “gift” is nothing more than a tool to harvest Nepal’s sovereignty.
Instead, Nepal should discard the MCC and think of ways to join BRICS, which is a transformative force in geopolitics for many reasons and the economy is based on substantial resources and industrial capacity, unlike the money-printing US, run by a handful of banksters. The only way, is the US will no longer be able to exploit, destroy and hold Nepal to financial ransom.
Login to add a comment