Skip to content

De-dollarization

Russia And China Hatch Sanctions-Busting Plan To Limit Use Of Dollar

February 3, 2022 Layla Guest, RT. , , ,
Amid a worsening stand-off between East and West, Russia and China are increasingly contemplating using their own currencies in mutual settlements and finding ways to work together to counter sanctions, Moscow’s envoy in Beijing has disclosed. Speaking as part of an appearance on YouTube channel Soloviev Live on Wednesday, Andrey Denisov weighed in on the impact of embargoes imposed by Western nations on ties between the two nations. “The fact that these sanctions have a negative impact on some aspects of our relations is indeed true,” he said, pointing at the impact on financial settlements. “If penalties are imposed on one of our banks, it is quite difficult for Chinese recipients of our products to pay us, although they have the money and the desire to do so.”

In Quest Of A Multi-Polar World

March 30, 2021 Michael Hudson and Pepe Escobar, Consortium News. , , ,
Fifty ago, I wrote Super Imperialism about basically how America dominates the world financially and gets the free ride. I wrote it right after America went off gold in 1971, when the Vietnam War, which was responsible for the entire balance of payments deficit, forced the country to go off gold. And everybody at that time worried the dollar was going to go down. There’d be hyperinflation. And what happened was something entirely different. Once there was no gold, America strong-armed its allies to invest in U.S. Treasury bonds because their central banks don’t buy companies. They don’t buy raw materials. All they could buy is other central bank’s treasury bonds. So, all of a sudden, the only thing that other people could buy with all the dollars coming in were U.S. Treasury securities.
«1234»
assetto corsa mods

Urgent End Of Year Fundraising Campaign

Online donations are back! Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

Donate Here

Urgent End Of Year Fundraising Campaign

Online donations are back! 

Keep independent media alive. 

Due to the attacks on our fiscal sponsor, we were unable to raise funds online for nearly two years.  As the bills pile up, your help is needed now to cover the monthly costs of operating Popular Resistance.

Donate Here
Sign Up To Our Daily Digest

Independent media outlets are being suppressed and dropped by corporations like Google, Facebook and Twitter. Sign up for our daily email digest before it’s too late so you don’t miss the latest movement news.