Eritrea President Isaias Afwerki: ‘They Are Printing Money’
Eritrean president Isaias Afwerki believes that a new world order is needed to counter the hegemony of established currencies. In a meeting with Russian President Vladimir Putin, Afwerki accused Western nations of weaponizing traditional financial systems without contributing to the global economy. He argued that the global monetary system, controlled by the dollar and the euro, is being used as a means of control. Afwerki further explained that this strategy is aimed at containing the growth of Russia and China. To counter this, Afwerki called for a new financial architecture that is not controlled by existing currencies. He highlighted the use of sanctions, defamation, demonization, and psychological warfare as methods employed by Western nations to achieve their objectives.
Main breakdowns of key points:
- Western nations are printing money without manufacturing anything, using the global monetary system as a weapon.
- This strategy aims to contain the growth of Russia and China.
- Afwerki calls for a new financial architecture that is not controlled by the dollar, euro, or other existing currencies.
- Western nations use sanctions, defamation, demonization, and psychological warfare to achieve their objectives.
- The U.S. imposed sanctions on Eritrea, restricting its access to international transactions in dollars.
Hot Take
Isaias Afwerki’s comments shed light on the concerns of many countries about the dominance of established currencies and the power wielded by Western nations. The call for a new financial architecture reflects a desire for greater autonomy and fairness in the global financial system. It also highlights the challenges faced by countries that resist the conditionalities imposed by Western powers. The weaponization of the dollar and the use of sanctions as a tool for control raise important questions about the future of global finance and the need for a more inclusive and equitable system.