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Camilo Irineu Quartarollo

Author of nine books, chemist, chemistry professor, with partial training in theology and philosophy.

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Give to Trump what is Trump's

What keeps Trump up at night is the fall of the dollar and the negotiations conducted in other currencies, such as the Chinese Yuan with Mao's face on it.

Give Trump what is Trump's (Photo: Official White House Photo by Molly Riley)

On the night of August 15, 1971, President Nixon interrupted the Bonanza program, speaking on national television, and lassoed the international monetary system, imposing the dollar. If someone came to collect their debt in gold, they would not receive the metal but more dollars, printed by the Mint, with the phrase "we trust in God." Other nations could have written on their national currencies "whatever God wills." Not everything is acceptable; look at the scheme hatched at Master Bank to artificially inflate the value of its own bonds, paying high interest without having "anything to pay for it." Will there be a way around this, a traveling "prison" on the Greek islands?

In the Middle Ages, thick walls protected feudal castles, cities, and abbeys to keep foreigners and the villages below away from the nobles. Even so, coins slipped through the gaps in the walls and onto fingers. 

Fearing thieves, gold owners entrusted their gold to a guardian, receiving a receipt stating its weight and value. When the owner sold the gold, the new owner didn't remove it from its safe place; they left it there, with a receipt. They "kept" the metal in their pantry, under guard and with its value. Then the guardian ventured to give receipts to several people for the same gold, knowing that no one would remove it or claim it, only pass on receipts. In the American case, the receipts became more valuable than the gold itself! And unique. 

The powerful American war machine asserts itself, enforces its agreements, and breaks those it has signed and no longer serves its interests. It dominates "insubordinate" nations with punishments and trade embargoes to stifle the governments and laws of these countries, thus extracting their natural resources such as oil, gold, and rare earth elements. These embargoes on persecuted nations prevent governments from buying or selling – a boycott. They expect Venezuelans, Cubans, Iranians, and even Brazilians to blame their presidents and legal systems – or even their traditions – to accept sycophants in their caps. Shame even within their own political-electoral camp. 

What keeps Trump awake at night is the fall of the dollar and the negotiations conducted in other currencies, such as the Chinese Yuan with Mao's face on it. Almost half of the business between the two countries is already done in the Chinese currency or in their own currencies. The war against Iran or over the Arctic is, in reality, against the route of Chinese products, businesses, and partnerships in logistical constructions in those states. 

The Chinese will not abandon Iran or any other country on their trade routes; they will "nibble away at the edges." Neighboring countries of the Americans, such as Canada, or long-standing partners like those in Europe, join BRICS, presided over by Dilma Rousseff – a presidency, incidentally, that was praised and lauded by the Chinese. Nations attacked by tariffs or offended by Trump join BRICS without switching sides from Mao to the US, but they do join nonetheless; even Argentina, a pro-American nation, does business with the Chinese without ceremony. 

Who will bring down the Empire? China, Russia, India...Brazil. No. It will fall on its own.

* This is an opinion article, the responsibility of the author, and does not reflect the opinion of Brasil 247.