GrayZone Project — Venezuela has suffered from an economic crisis in recent years, and while the US government and corporate media outlets have blamed this hardship solely on the ruling socialist party, internal US government documents acknowledge that Washington has been using what it clearly describes as “financial weapons” to wage “economic warfare” on the oil-rich South American nation.
Journalist Robert Inlakesh reported live from the streets of London earlier this week, covering a protest against the U.K. Government’s ‘Trump train’ support of regime change on Venezuela.
In an interview on Fox Business, Trump’s hyper-militaristic National Security Adviser John Bolton admitted the US-led coup in Venezuela is…
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SANA’A, YEMEN — Hoping to secure control of Yemen’s oil-rich provinces, Saudi Arabia is attempting to circumvent Yemen’s legitimate parliament by holding its own parliament sessions outside of Yemen’s capital. Saudi Arabia hopes the move, which will see a separate Saudi-backed Yemeni parliament meeting in Aden or in Saudi Arabia in early 2019, will force a moratorium on Yemen’s domestic energy development, as the Saudis hope to secure control of Yemen’s substantial oil reserves for themselves.
Iranian leader Hassan Rouhani and Indian leader Mehendra Modi enjoying an increase in bilateral trade between the two countries.
Ever since the U.S. has embarked on its current phase of economic warfare against multiple countries, target nations have been driven to adopt evermore creative ways of bypassing the U.S. dollar system, and thus ‘busting’ punitive economic sanctions being imposed by Washington.
More than any single time since World War II, financial experts in the West are openly questioning the current US dollar-led monetary order.
A number of fundamental questions continue to hound the US going forward in what many believe is an increasingly decentralized, volatile global financial playing field.
How long can the US continue to rack-up trillion dollar deficits? If the US dollar does lose its its world reserve currency status, what will the new monetary order look like?
In terms of global liquidity and ubiquity, by far the most utilized currency is the U.S. dollar – known widely as ‘the world’s reserve currency’ – because every country on the planet keeps large sums of dollars in reserve in order to make hard currency trades on majority commodities like oil, gas, grain and gold. That’s why the U.S. dollar makes up roughly 64% of all known central bank foreign exchange reserves. This advantage is what gives Washington unprecedented power and leverage in international affairs.
Former US President Barack Obama admitted that the neoliberal capitalist policies he and his predecessors supported fostered the rise of…
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