|calendar>>July 24. 2014 Juche 103|
U.S. Falls into Decay due to Economic Crisis: Rodong Sinmun
|Pyongyang, July 24 (KCNA) -- The U.S. blusters that it would remain as the "world's leader" in the 21st century, too, but the rapidly changing reality gives a negative answer, says Rodong Sinmun Thursday in an article.
This is proven by the ever-worsening state of the U.S. as the dollar empire, the article says, and goes on:
The U.S. dollar had held a predominant position among all currencies in the world.
It is the current international financial system that put the U.S. dollars on such a position.
This system sustained a heavy blow as dollar's convertibility to gold ended in August 1971.
The U.S. had made desperate efforts to maintain dollar's predominant position.
Entering the 21st century, the European Union dealt a heavy blow at the U.S. attempt by introducing regional currency.
In the Latin American region, Sukre, the common currency of member nations of ALBA appeared. It is also foreseen that Africa is to introduce regional currency.
Lots of countries that possessed U.S. dollars as reserve currency are replacing them with other convertible currencies
The situation proves that the U.S. dollar is rejected in different parts of the world and even in America.
The world has got awakened from its illusion about dollar and is turning its back on it. It has given a death sentence to the dollar.
No matter how desperately the U.S. may try to maintain its existence, it can never turn back its fate doomed to ruin.
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