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What the “Rules Based International Order” Really Means
What the “Rules Based International Order” Really Means This map, from Multipolarista, shows the US-centred Empire bloc of nations (in red) that subscribe to the US-invented Rules Based International Order. The countries in green do not recognize that order, and they continue to support de facto a UN-centred international system governed by international law. There was […]
The Writing’s on the Great Wall for a China Crash
The Writing’s on the Great Wall for a China Crash As the economy continues to implode, capital flight rises. As the saying goes, if you want to know what’s really going on, follow the money. That catchphrase doesn’t just apply to foreign companies and investors backing out of China. It also applies to the Chinese […]
Israel A ‘Nuclear Wildcard’ On ‘Dangerous Road To Armageddon’: Macgregor
Israel A ‘Nuclear Wildcard’ On ‘Dangerous Road To Armageddon’: Macgregor Tucker Carlson sat down with Col. Douglas Macgregor (ret.), who laid out a disturbing scenario in which the United States could quickly be pulled into a direct conflict with Iran, Russia and China over Israel’s anticipated response to the October 7 Hamas attack. Carlson starts off highlighting […]
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 […]
Xi, Putin Hail First BRICS Expansion In Over A Decade As Gulf Oil Powers Join
Xi, Putin Hail First BRICS Expansion In Over A Decade As Gulf Oil Powers Join At a moment China and Russia have envisioned the future of BRICS as fundamentally an anti-Western bloc of developing nations, the Gulf oil powers Saudi Arabia and the United Arab Emirates have been formally invited to become members, which marks the bloc’s first expansion […]
China Snaps Up Record-High Volumes Of Russian Crude In The First Half Of 2023
China Snaps Up Record-High Volumes Of Russian Crude In The First Half Of 2023 In the first half of 2023, China imported 2.13 million barrels per day of Russian crude oil, making Russia its single biggest supplier. In June, China once again imported record-breaking levels of Russian crude, a 44% increase compared to the same […]
Experts Warn Renewable Energy Creates ‘New Opportunities’ for Chinese Grid Attacks
Experts Warn Renewable Energy Creates ‘New Opportunities’ for Chinese Grid Attacks Wind turbines are viewed at a wind farm in Colorado City, Texas, on Jan. 21, 2016. (Spencer Platt/Getty Images) America’s increasing reliance on intermittent power sources and batteries is creating novel risks, according to grid specialists who testified before Congress on July 18. Many […]
Time to trash Triffin
Time to trash Triffin The dollar-based credit bubble is imploding, and emerging economies are seeking protection by accepting trade settlement in other currencies. The US policy of threatening regime change, currency destabilisation, or other means of ensuring nations remain in its sphere of influence are now failing. Mainstream economists in the West insist the dollar […]
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 […]
Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar
Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar Jacob Lawrence Struggle: From the History of the American People, Panel 8 1954Eurasia’s geo-economic integration took a great leap forward as a result of the Iranian–Saudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of […]
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 […]
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 […]
