Commentary
On May 28, in a speech delivered at Joint Base Langley-Eustis in Hampton, Virginia, President Joe Biden made startling remarks that the United States is “in a battle between democracies and autocracies,” and that Xi Jinping “firmly believes that China, before the year ’30, ’35, is going to own America.” Some may think Biden is scaremongering, but the fact is that since Xi proposed to build “a community of shared future,” the Chinese Communist Party (CCP) has been blowing the trumpet for world domination. However, in order to dominate the world, the CCP must first bring down the United States, and in order to do so, it must first shake the international status of the U.S. dollar in the global settlement system. It was for this purpose that the Asian Infrastructure Investment Bank (AIIB) was established.
