UN General Assembly
1971

117. The panic which seized the finances and the economies of the European Common Market countries, Japan and the Latin American countries following the dollar crisis clearly shows the difficulties in which United States imperialism can put its partners when it comes to protecting its own hegemonic positions; it reveals how precarious is the basis on which relations among themselves are built. It would be naive to suppose that those countries will stand idly by and that they will quietly submit to United States economic diktat. No, they too will struggle; they will resist and defend their positions and interests. All that will inevitably aggravate the struggle between competitors on the world market, will change relations in international trade and will entail a resurgence of the struggle of monopolies to grab new markets. We already see the Federal Republic of Germany, Japan and a number of other countries that are the most harmed by the United States measures maneuvering to find a way out.