Reality Check: Bank Of England Governor Criticizes The Petrodollar!

By Cheikh Amma Diop, -

It is remarkable that Bank of England Governor Mark Carney recently spoke publicly about “the U.S. dollar’s “destabilizing” role in the world economy,” going on to suggest that “central banks [...]

How To Build A Global, Moneyless, Interest-Free Trading System

By Matthew Slater, -

The idea of societal collapse is very undefined. What I do believe is that it’s too late to avert catastrophic climate change, and so we’re headed towards 2, 3, 4 degrees of warming and [...]

A World Without Dollars? Are We Approaching The End Of America’s Financial Order?

By Staff, -

In the last decade or so, the reputation of the U.S. dollar has been widely discredited because it is viewed by many governments around the world as a risky asset since the U.S. economy holds [...]

Trade War With China Waged To Make Rich Richer

By Dean Baker, Truthout. -

Donald Trump seems determined to double down and keep pressing forward on his trade war with China. He promises more and higher tariffs, apparently not realizing that U.S. consumers are the ones [...]

Citizen Currencies Strengthen Agricultural Supply Chains

By Françoise Wautiez, -

This is the third issue of the series we started in October, on the theme of “local currencies”, after a general presentation of the advantages and challenges of local currencies through the [...]

Goodbye To The Dollar

By Chris Hedges, -

The inept and corrupt presidency of Donald Trump has unwittingly triggered the fatal blow to the American empire—the abandonment of the dollar as the world’s principal reserve currency. Nations [...]

Russia And China Continue Dumping US Treasuries

By Staff, -

The latest US Treasury Department data shows that foreign investors slashed their holdings of American debt in November by $105 billion, from a year earlier, to $6.2 trillion. China, the largest [...]

More Signs The US Is Losing Status As Global Reserve Currency

The US dollar may one day be rivaled by the Chinese national currency – the yuan – which is likely to become a major global reserve currency, according to the governor of the Bank of England [...]

Top 5 Countries Opting To Ditch US Dollar & The Reasons Behind Their Move

By Staff, -

The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are [...]

EU Pushing For Euro To Challenge Dollar’s Role

The European Commission is expected to publish a blueprint to promote a “stronger international role” for the euro in the face of policies pursued by the Trump administration, it was reported on [...]

SWIFT’s Iran Ban Will ‘Expedite Global De-Dollarization’

By Max Keiser, -

The blacklisting of Iran from international financial messaging system SWIFT serves as a warning to Washington’s enemies, but will hasten the demise of the dollar, stockbroker-turned broadcaster [...]

Venezuela Ditches Dollar After US Sanctions Hit Private Sector

By Staff, -

Venezuela is replacing the dollar with the euro or yuan in its international business endeavors, Bolivarian Minister of Industries and National Production, Tareck El Aissami said Tuesday. The [...]

Crashing Currency Chaos Spreads Across The Global South

By Pepe Escobar, Asia Times -

There is a serious currency crisis affecting key emerging markets. Three of these – Brazil, Argentina and Turkey – are G20 members, and Iran, absent external pressure, would have everything to [...]

Venezuela’s Monetary Revolution Vis-a-Vis Economic Sanctions

By Nino Pagliccia, -

Venezuela has undergone many challenges in the last 20 years since Hugo Chavez was elected president and continued after his death in 2013. The main reason is that Venezuela has taken seriously [...]

Saudi Economic War Triggers Yemen Currency Collapse And Worsens Plight Of War-Torn Nation

By Ahmed Abdulkareem, -

SANAA, YEMEN — More than three years of U.S.-Saudi-led coalition war against Yemen has already created the world’s largest food security emergency. With millions of people currently facing [...]

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