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BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates
BRICS Nations Developing “New Currency” as Quest for Global De-Dollarization Accelerates China and Brazil recently finalized a trade deal in their own currencies completely bypassing the dollar, but that’s not the only bad news for the world’s reserve currency. Last week, a Russian official announced that the BRICS nations are working to develop a “new currency,” […]
De-dollarization Has Begun.
De-dollarization Has Begun. Last week, China and Brazil reached an agreement to settle trades in one anothers’ currencies. Over the past 15 years, China has replaced the United States as the main trading partner of resource-rich Brazil, and as such that shift may have been inevitable. But within the context of recent circumstances, this appears to […]
“Don’t Talk About Nord Stream”: WaPo Report Further Demolishes Official Narrative
“Don’t Talk About Nord Stream”: WaPo Report Further Demolishes Official Narrative German investigators are now expressing severe doubts about the official Nord Stream sabotage narrative that was pushed hard in the aftermath the bombshell Seymour Hersh report which pointed the finger at a joint CIA-US Navy covert operation, with help from Norway. Last month, Hersh published an article on Substack that said […]
“Worst Since Lehman”: Banks Break The World Again
“Worst Since Lehman”: Banks Break The World Again Last week we detailed BofA’s Michael Hartnett’s warning that “The Fed will tighten until something breaks”. Well, something just broke… SVB’s collapse – the second biggest US bank failure in history – dominated any reaction to this morning’s mixed bag from the BLS (hotter than expected earnings growth, rising unemployment (especially […]
The Weakening Electric Grid: Less Reliable, More Fragile
The Weakening Electric Grid: Less Reliable, More Fragile California Independent System Operator announced a statewide electricity Flex Alert urging conservation to avoid blackouts in El Segundo, Calif., on Aug. 31, 2022. (Photo by Patrick T. Fallon/AFP via Getty Images) As more and more irritated customers become certain that power shortages and blackouts have become more […]
The Top 3 Reasons the US Has Entered the Inflation Death Spiral
The Top 3 Reasons the US Has Entered the Inflation Death Spiral Rapidly rising food, housing, medical, and tuition prices are squeezing Americans, and many do not understand the real cause of their falling living standards. That confusion opens the door for opportunistic politicians who promise supposed freebies to ease the pain of inflation. Many, […]
America’s Largest Power Grid Faces Worsening Reliability Risks
America’s Largest Power Grid Faces Worsening Reliability Risks A new report reveals the US’ largest power grid is shuttering power generation units faster than new supply can be brought online, threatening electric reliability in 13 states that stretch from Illinois to New Jersey with over 65 million customers. PJM Interconnection published a new study Friday that examines […]
Comer Launches Probe into State Department’s Alleged Funding of Group Blacklisting Conservative Media ‘Under the Guise of Combatting Disinformation’
Comer Launches Probe into State Department’s Alleged Funding of Group Blacklisting Conservative Media ‘Under the Guise of Combatting Disinformation’ Rep. James Comer (R-Ky.), chairman of the House Oversight and Reform Committee, delivers remarks during a hearing in the Rayburn House Office Building in Washington, on Feb. 01, 2023. (Anna Moneymaker/Getty Images) House Oversight Chair James […]
China Report Excoriates ‘US Hegemony’, War Crimes, CIA Coups 400 Foreign Interventions
China Report Excoriates ‘US Hegemony’, War Crimes, CIA Coups 400 Foreign Interventions China’s Foreign Ministry published a lengthy report condemning “US hegemony” and its crimes around the world, including wars with millions of victims, coups and “regime change” against elected leaders, and 400 foreign military interventions. Photo obtained via Flickr The Chinese government has published a […]
Russia Tells UN That Ukraine Crisis Is A “War With The West For Survival”
Russia Tells UN That Ukraine Crisis Is A “War With The West For Survival” In two days of United Nations special sessions this week related to Ukraine as well as the Nord Stream pipeline sabotage, Russia mounted a robust defense, arguing that it sees its ongoing military action in Ukraine is a matter of “survival”. […]
Iraqi central bank to drop dollar for yuan in trade with China
Iraqi central bank to drop dollar for yuan in trade with China Iraq is the latest nation in the Global South to move away from the US dollar in bilateral trade with China (Photo credit: AFP) The Iraqi central bank announced on 22 February that, for the first time, it plans to allow trade from […]
Will Nuclear War, Debt Collapse or Energy Depletion Finish the World?
WILL NUCLEAR WAR, DEBT COLLAPSE OR ENERGY DEPLETION FINISH THE WORLD? Fragility has probably never been greater in history. Just three words encapsulate the destiny of the world. The THREE words are: WAR, DEBT, ENERGY A FOURTH word will financially save the ones who understand its significance. It will also play a major role in the […]
Russian Diplomats Issue Dire Warnings that War with US Is Close
Russian Diplomats Issue Dire Warnings that War with US Is Close FILE PHOTO: Russian Foreign Minister Sergei Lavrov and President Vladimir Putin are seen during a meeting with Germany’s foreign minister in Moscow, Russia, March 23, 2016. (Credit: Kremlin) The Kremlin’s top diplomat has warned that Western involvement in Ukraine is nearing “the point of […]
