Home » Posts tagged 'us dollar' (Page 2)
Tag Archives: us dollar
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar
IMF Prepares Financial Revolution – Say GOODBYE to the Dollar Global reserve currency status allows for amazing latitude in terms of monetary policy. The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally […]
Only the US Can Destroy the US Dollar
ONLY THE US CAN DESTROY THE US DOLLAR US Dollar as a reserve asset was the first “flywheel” – and only the US can destroy its own ecosystem. Being the reserve currency has enormous benefits. And in the entirety of financial history, the US is the first and only fiat reserve currency. Sterling, and any […]
How De-Dollarization is Likely to Play Out
How De-Dollarization is Likely to Play Out Much has been written in recent years about “De-dollarization” — the shift from the use of the US dollar as the “international reserve currency” in favour of more diverse bi-lateral and multi-lateral currency agreements and transactions. The current system has a long and complicated history, but its most […]
Global Economic War Is Coming And The Threat To The US Dollar Is Real
Global Economic War Is Coming And The Threat To The US Dollar Is Real In a recent statement posted to social media, Tucker Carlson explained succinctly his many reasons for traveling to Russia to interview President Vladimir Putin. His decision, mired in an avalanche of outrage from leftist media talking heads and a multitude of western […]
Iraqi parliament calling to ditch US dollar for oil trade
Iraqi parliament calling to ditch US dollar for oil trade Washington has exercised strict control over Iraqi oil revenues for the past two decades (Photo credit: INA) The Finance Committee in the Iraqi parliament made a statement on 31 January calling for the sale of oil in currencies other than the US dollar, aiming to counter US […]
‘Playground of choice’: Iran mobilises to drive US troops out of Iraq
‘Playground of choice’: Iran mobilises to drive US troops out of Iraq The US has the cudgel of the American dollar to prevent its expulsion from Iraq, but will the Biden administration use it? When Iraqi Prime Minister Mohammed al-Sudani arrived in New York City in September for the UN General Assembly, a delicate truce […]
More Golden (and Black-Gold) Proof: The Dollar is Totally Screwed
More Golden (and Black-Gold) Proof: The Dollar is Totally Screwed Ever since day-one of the predictably disastrous and politically myopic insanity of weaponizing the world reserve currency against a major power like Russia, we warned that the USD had reached an historical turning point of slow demise and increasing de-dollarization. We also warned that this would be […]
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction
De-Dollarization? China Completes First Digital Yuan Purchase For Cross-Border Oil Transaction De-dollarization continues accelerating with news of the Shanghai Petroleum and Natural Gas Exchange (SHPGX), a Chinese-backed exchange for trading energy-related products, settling its first cross-border transaction in digital yuan. Chinese-based financial news outlet “Yicai” first reported PetroChina International bought one million barrels of crude […]
What Are the BRICS Planning With the August 22nd Durban Accords?
What Are the BRICS Planning With the August 22nd Durban Accords? Photo by Khashayar Kouchpeydeh In my first explainer about the BRICS nations, you met the players and you know why their decisions affect the global economy. But why do their decisions affect us? You need to understand that first – before the August 22nd Durban Accords […]
Lesson of the Day: If You Weaponize the Dollar and Confiscate Assets, Expect Retaliation
Lesson of the Day: If You Weaponize the Dollar and Confiscate Assets, Expect Retaliation Russia seized the local assets of Carlsberg beer and yogurt maker Danone. It now threatens Austria’s Raiffeisen bank. Russia Seizes Western Yogurt and Beer As backdrop to the Raiffeisen bank story, consider the Bloomberg report, Russia Seizes Western Yogurt and Beer. President Vladimir […]
