The oil war was designed to preserve US control over global energy and finance. Instead, it is raising costs, weakening indebted Western economies and accelerating the construction of a payment system beyond Washington’s reach.

BRICS does not need a common currency. China, Russia and Iran are building a government-level clearing system that can settle trade without relying on the dollar, SWIFT or Western banks.

In this discussion with Lena Petrova, I explain why the more immediate danger lies inside the United States: an oil shock hitting an economy already frozen by high interest rates, private-equity debt and falling purchasing power.

Watch the full interview:
https://www.youtube.com/watch?v=5gEfk-JT5S8