The Shanghai Cooperation Organisation member states have recently met at Zhengzhou China. The members are made up of 18 countries from the Eurasia area and consist of member states, observer states, and dialogue partners. The meeting is about International relations throughout the globe changing and moving quickly, more countries becoming independent, equal trade among countries, and the bypassing of the US dollar.
This from the Prime Minister of Russia Dmitry Medvedev;
“Russia is proposing to start consultations between the Eurasian Economic Union and the Shanghai Cooperation Organisation, including prospective SCO countries, and the member states of the Association of Southeast Asian Nations on the possibility of creating economic partnerships based on the principles of equality and respect for mutual interests.”
With the formation of the BRICS Development Bank, the Asian Infrastructure Investment Bank, the Silk Road Fund, and the SCO Interbank Association it is obvious more and more countries are moving away from the US’ hegemonic rule of the globe and the US Dollar. One of the reasons International relations are changing is because these countries want trade on equal and just terms and not be forced to sign trade deals similar to the corrupt TPP deal. The fact that the IMF change their lending rules as they go and have suggested that Ukraine doesn’t have to pay back Russia the $3 billion they borrowed does not really help the US backed institutions.The SCO are also looking into adding another financial model to assist countries to exchange currencies among themselves without exchanging any US dollars.
It is very likely that with the current situation on the globe many more countries will move away from their current relations and become Independent countries with fair and legal economic growth and trade. If countries are moving away from the US dollar it then weakens and loses value as nobody will use it. It then becomes a matter of time when the US’ dollar status of reserve currency comes to an end and is replaced with a currency that is not backed by debt.