VLADIMIR PUTIN:
"We cannot rely on and exploit others, as the United States does.
Every year, the United States has a $1 trillion trade deficit.
What is this? I believe everyone present here will understand what I mean.
This is a modern version of neocolonialism.
By using the dollar’s monopolistic status, the United States consumes $1 trillion more annually than it produces.
It extracts these resources from other countries.
We spoke about the pandemic period earlier.
What did they do?
I do not recall the exact amount of money the United States printed, but it totalled over $5 trillion.
By the way, Europe printed an estimated 3.4 trillion euros.
What did they do next?
They circulated all these banknotes domestically and then started buying foods on the global food market.
They absorbed all these resources within their country, acting like a vacuum cleaner, and for the first time in many years, they became net food buyers and importers, rather than exporters.
As a result, global food inflation skyrocketed.