Скачать или смотреть America's Financial System Enters Crisis Mode — China's Latest Move Brings the System Even Closer to

Pan Gongsheng's June 2025 Shanghai speech represented far more than typical central banking rhetoric—it was a calculated declaration of economic war against US dollar hegemony, delivered while America's financial system entered unprecedented crisis mode with $38 trillion debt, $1 trillion annual interest payments, and systematic policy self-sabotage through tariff regimes that triggered the largest market correction since 2008. China's Cross-Border Interbank Payment System (CIPS) achieved 47% growth versus SWIFT's mere 12%, while Chinese foreign reserves reached $3.339 trillion alongside an 11-month gold accumulation spree totaling 74.06 million ounces, demonstrating systematic preparation for post-dollar monetary architecture through currency swap agreements spanning 28 countries across Asia, Africa, and Latin America. The convergence of American fiscal recklessness with Chinese strategic patience has created mathematical inevitability where dollar reserve status declined to 57.7% in Q1 2025, BRICS expansion encompasses 40% of global population, and 99% of China-Russia trade bypasses dollar mechanisms entirely through yuan-ruble settlements that prove alternative financial infrastructure has achieved critical mass. This represents the most significant monetary transition since Bretton Woods collapse, except this time America is not managing the transition—it is the victim of systematic displacement orchestrated by Chinese policymakers who understand that dollar dominance ending means American geopolitical power ending, creating space for Chinese expansion without Washington's financial coercion.