calendar>>March 31. 2015 Juche 104
Empire of Dollars Is Bound to Go Bankrupt: Rodong Sinmun
Pyongyang, March 31 (KCNA) -- The U.S. secretary of Treasury, addressing the Financial Service Committee of the U.S. House of Representatives recently, uttered that if U.S. Congress does not approve the reform of such relevant bodies as the IMF, the U.S. position may be threatened at international bodies. He underscored the necessity of the reform, asserting that it is the best way of keeping the "leading role" of the U.S. in the IMF and it is aimed to protect the interests of U.S. economy and national security.

Rodong Sinmun Tuesday observes in an article in this regard:

What the U.S. secretary of Treasury said at the Congress was nothing but a shriek to prevent the leading position of dollars, the U.S. domination position in the world financial circle from rapidly collapsing.

The U.S. domination position is bound to collapse though the IMF is reformed and it is bound to decline though the IMF is not reformed.

Dollars have already lost its monopoly position as the world's key reserve currency. Many countries are boycotting dollars at present.

Not a few countries are conducting trade settlements with uniform regional currency instead of dollars.

European enterprises are decreasing dependence on U.S. dollars. Even U.S. enterprises are making settlements in trade by foreign currency, not by their own currency.

As seen above, the U.S. currency is being rejected worldwide.

Many countries of the world are set not to tolerate the U.S. financial sanctions any longer.

Many countries are rejecting with vigilance the U.S. using its currency as a lever for bringing down the social systems of other countries and realizing "liberalization."

The world is turning back on U.S. dollars, awakened from illusion about them.

The U.S., the empire of dollars, is bound to go bankrupt.

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