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As US President Trump took the podium at the UN to deliver a speech warning the entire planet that American hegemony was back and stronger than ever, the rest of the world continues to move away from the US dollar…in what will be a slow, but fatal final blow to American global dominance.
(ANTIMEDIA Op-ed) — Following the Trump administration’s move to target Iran with fresh sanctions while ending sanctions relief, China has come to Iran’s aid with an extraordinary gesture. According to the Times of Israel, the president of Iran’s central bank announced that a Chinese state-owned investment firm has provided a $10 billion credit line for Ir
The government of Venezuela has confirmed that it is ceasing the sales of its vast oil reverse in the US Dollar. The move will help the oil rich South American country dodge the unilateral sanctions recently passed by the US. US sanctions and threats of military action against Venezuela have been roundly condemned by both Russia and China.
Venezuela will begin trading oil in Euros. A similar move was made by the Iraqi government in the year 2000.
The Head of the Russian Direct Investment Fund (RDIF) Kirill Dmitriev has stated that the BRICS may opt to create their own cryptocurrency for the purposes of global commerce.
A cryptocurrency is a digitally based means of exchange wherein the value of said currency is not determined by a central-bank. Most cryptocurrencies can be converted into state-issued currencies (Dollars, Euros, Yuan, etc.) through various foreign exchange services.
Russia has stated that it seeks to lessen its dependence on the US Dollar as well as the overall US controlled financial system. Russia seeks to do this by increasing bilateral trade with other nations in local currencies.
Late last week, Saudi Arabia and other members of the Gulf Cooperation Council (GCC) that are involved in attempting to isolate Qatar sent the tiny Gulf nation a list of 13 demands. They are insisting that Qatar meet these demands within ten days or face unspecified further action.
Could we see Greeks purchasing their next coffee with USD?
As the Greek debt crisis resurfaces for a third time, Donald Trump’s reported pick as EU ambassador, Professor Ted Malloch, has revealed that senior Greek economists have enquired about the possibility of adopting USD’s if the country crashes out of the eurozone single currency.
Malloch said that Athens is so desperate to quite the eurozone, it is prepared to tie itself to the dollar, much like Puerto Rico.
