petrodollar

The Inevitable De-Dollarization of the Global Economy, with ​Ben Norton

Ben Norton returns to the Watchdog to shed light on the rapid decline of the U.S. dollar and its implications for American empire as countries worldwide shift away from the dollar in favor of regional currencies and China's rise challenges Washington's global dominance.
The post The Inevitable De-Dollarization of the Global Economy, with ​Ben Norton appeared first on MintPress News.

The Coming Global Financial Revolution: Russia Is Following the American Playbook

No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United […]

Interview 1710 – New World Next Week with James Evan Pilato

This week on the New World Next Week: Saudi enters talks with China to denominate some oil sales in yuan; the Ukrainian Defense Ministry turns to Clearview AI for facial recognition on the battlefield and the home front; and a Gates-driven project to launch GM mosquitos takes off in California and Florida.
The post Interview 1710 – New World Next Week with James Evan Pilato first appeared on The Corbett Report.

Saudis in Potential Deal with China that Would Topple US Dollar as Reserve Currency

China buys more than 25% of the oil that Saudi Arabia exports, and if priced in yuan, those sales would boost the standing of China’s currency, and set the Chinese currency on a path to becoming a global 'petroyuan' reserve currency, replacing the US petrodollar and position as the world's reserve currency.

How a Hidden Parliamentary Session Revealed Trump’s True Motives in Iraq

Since the U.S. killed Iranian General Qassem Soleimani and Iraqi militia leader Abu Mahdi al-Muhandis earlier this month, the official narrative has held that their deaths were necessary to prevent a vague, yet allegedly imminent, threat of violence towards Americans, though President Trump has since claimed whether or not Soleimani or his Iraqi allies posed an imminent threat “doesn’t really matter.”