President of the Russian Federation Vladimir Putin said that the current global financial system, created on the basis of the American dollar, is collapsing. He spoke about this during a meeting of the Valdai international discussion club.
“The Bretton Woods system <...> is gradually collapsing. After all, a currency is a derivative of the power of the economy of the country that issues this currency. The share of the American economy in global GDP is declining – these are also obvious things,” said the Russian President.
Formerly Vladimir Putin told that the global financial system is far from ideal: “It is, of course, not ideal, balanced and meets the interests of the vast majority of participants in international communication.”
Previously, the President of Russia, the US authorities are shooting themselves in the foot by making decisions that are unprofessional, stubborn and disdainful of all other states and their economic systems. Read more about this in material Public News Service.
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