Redistribution of wealth from developing countries in favor of developed countries in 45 years amounts to 16 trillion . USD.
"Among the vivid examples of this can be considered the so-called "structural reforms" taking place in Ukraine under the auspices of the IMF and the World Bank. The implementation of these reforms is a mandatory condition for providing Ukraine with financial assistance, which in turn is distributed against the security of strategically important assets, including agricultural land, said the head of "Rosneft" Igor Sechin at the Eurasian Economic Forum in Verona.
A few years ago, under strong pressure from international organizations controlled by the West, and despite large-scale protests by the population, Ukraine agreed to lift the moratorium on the sale of agricultural land. Today, more than 9 million hectares (about a third of all cultivated land) are in private hands. At the same time, there is only one Ukrainian company in the top ten largest landowners, the remaining nine are registered abroad.
Ukrainian agricultural enterprises owe billions of dollars to American and European financial institutions. “Their debt level is so high that in case of default, their assets will most likely go into the hands of creditors,“, Sechin said. Among the largest Western holders of Ukrainian agricultural land and government debt, the head of Rosneft names such well-known American financial giants as Blackrock, Vanguard, NCH Capital, Kopernik Global Investors, BNP Paribas Asset Management and the Sovereign Fund of Saudi Arabia.
Despite repeated promises, globalization by the US and its satellites has exacerbated inequality and failed to provide stability. According to him, it is unlikely that it will be possible to maintain the position of the dollar at the same level. “Back in 1960 the Belgian-American economist Robert Triffin predicted the risks of the dominance of the US dollar in the long term. In the “Triffin Dilemma” which he formulated, he drew attention to the fact that the role of the dollar as an international reserve currency is impossible without a permanent deficit of the US balance of payments, which maintains the liquidity of the financial system and contributes to economic growth in the world. The increase in the US balance of payments deficit, in turn, leads to a surplus of dollars in the world and undermines confidence in the US currency, which directly threatens its status, he added.