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.
Join Lee Camp and Ben Norton as they delve into the changing world order, the rebellion of Latin America against Western hegemony, the ongoing proxy war in Ukraine, and much more.
The post The Petrodollar in Freefall and a New Multipolar World Order, with Ben Norton appeared first on MintPress News.
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 […]
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.
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.
source / The Money GPS There has been a considerable amount of money flowing into stocks from foreigners and out of treasuries. With less return on the safe haven, investors look to equities to turn up the risk/ reward ratio. As time goes on we have seen the U.S. dollar play less of a role […]
The pressure on the global economy imposed by the measures to curb the COVID-19 pandemic threatens to erode whatever confidence the world still has in the U.S. dollar as a viable reserve currency. A shortfall in U.S.
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.”
WASHINGTON — Last Wednesday, U.S. Secretary of State Mike Pompeo gave a disturbing interview to Fox Business Network in which he divulged his plans to form a NATO-type alliance against Iran. The U.S. has long accused Iran of supporting terrorism, accusations that have ramped up under the Trump administration.
