This is an opinion editorial by Vinicius Piscinia bitcoin crowd.
Despite the great growth potential of Latin American countries, such as Brazil, Argentina, Chile and even Paraguay, external influences contribute to the stagnation and proposed economic decline of these countries. We can affirm that the international prominence that this potential would provide in normal times of fair competition is overshadowed by the manipulations of great powers, highlighting the USA and China.
Various actors are interested in exerting their influence in the developing world. The US financial system, characterized by the hegemony of the dollar in international reserves and the relevance of US monetary policy to other countries, ensures that the US is on an unassailable footing in the diplomatic arena. Bitcoin can be a scourge for this, thanks to its decentralized system and, more importantly, the fact that it has no controlling body (not even a known founder), which makes unfair competition impossible.
When we look at Chinese interference tactics, we look at the predatory lending with which China has completely dominated countries like the Maldives and Sri Lanka. This is currently happening in many South American countries. There is also the direct creation of military bases, as in Paraje Quintuco in the province of Neuquén in Argentina which is built under the guise of a space station. Apart from this, we see the great influence that the Chinese system exerts throughout the continent in the form of policies adopted there and tested in China, which is very evident after the control measures taken under the pretext of the COVID-19.
The US has a more visible and prominent influence—especially economically and demographically—on some South American countries, such as Brazil and Colombia. It is worth recognizing that the United States is not only an economic power, but also an institutional power. The ruling political class in this country has more power to manipulate international laws, either through the UN, or even through bilateral agreements or joint actions. A good example is the Paris Agreement, in which the United States is now the main sponsor.
Henry Kissinger, the great architect of US international influence
Kissinger is not only responsible for China’s economic boom, which has gradually occurred since the 1970s because of the financing promoted by his policies, but he is also responsible for an American foreign policy that has as to target the economic downgrade of developing nations in different ways. This is achieved primarily through an emphasis on population reduction and the establishment of nuclear non-proliferation.
Everything has passed through the sieve of the authorities of most developing countries as a mere diplomatic compromise, as well as a capitalization opportunity promised by the American government. In this way, the control of the international monetary system is essential for the implementation of these measures, not only to put pressure on non-compliance, but also to pass on subsidies to the most committed.
In a document called the “Kissinger Report,” which was a secret document until the 1990s and circulated to the embassies of 107 countries, Kissinger called for the containment of population growth and decline through the ‘wide spread of contraceptive methods and abortion in the program of the US Agency for International Development. It has also called for the strengthening of advertisements that promote the will not to procreate and the control of the prices of numerous inputs necessary for a desirable rate of procreation and fundamental to sustainable economic development.
The deindustrialization of the southern hemisphere has always been a desire of the great Anglo-Saxon empires after the 18th century, once under the tutelage of the United Kingdom and now with the USA as the central figure. As a way to guarantee the perpetuity of the project, another policy explicitly advocated not only by Kissinger, but by all the global institutional apparatuses, was the non-proliferation of nuclear weapons, which came to cause a diplomatic imbalance at the table of negotiations between some developed countries. in the Northern Hemisphere and in the developing countries of the Southern Hemisphere.
Unequivocally, once the weakening of the dollar becomes more and more evident, it will weaken the capabilities to implement these destructive measures, since control of the financial system is imperative for their implementation. Bitcoin, as a currency that cannot be counterfeited by any government or private entity, will be crucial in ensuring that outside powers do not replicate these methods of unfair competition and subversive control.
This is a guest post by Vinicius Piscini. The opinions expressed are entirely my own and do not necessarily reflect those of BTC Inc. or Bitcoin Magazine.