dollar

How Trump’s Return Will Impact The World

November 11, 2024 Ben Norton, Geopolitical Economy. Resistance Report China, dollar, Donald Trump, Iran, Israel, Russia, Tariffs, Ukraine, US Imperialism

As he prepares to return to the White House, US President-elect Donald Trump has appointed neoconservative Iran hawk Brian Hook to lead his State Department transition team. This has excited pro-Israel groups. At a September event at the Israeli-American Council, Trump proudly declared, “I was the best friend Israel ever had”. All of the likely candidates for Trump’s secretary of state and national security advisor are China hawks. These include neocons Marco Rubio, Robert O’Brien, and Mike Waltz. Three other possible choices, Ric Grenell, Bill Hagerty, and Vivek Ramaswamy are so-called “MAGA” Republicans who have distanced themselves from neoconservatism, but still share the neocons’ vehement hatred of China and would escalate tensions with Beijing.

BRICS Plans ‘Multi-Currency System’ To Challenge US Dollar Dominance

October 20, 2024 Ben Norton, Geopolitical Economy. Resistance Report BRICS, De-dollarization, dollar, Finance, Global Economy, Russia

The Global South-oriented organization BRICS has released plans to transform the international monetary and financial system and challenge the dominance of the US dollar. As the chair of BRICS for 2024, Russia proposed the creation of a BRICS Cross-Border Payment Initiative (BCBPI), in which members of the organization will use their national currencies to trade. BRICS will likewise establish an alternative messaging infrastructure to circumvent the SWIFT system of interbank communication, which is overseen by the United States and subject to Western unilateral sanctions. This “multi-currency system” will also include new mechanisms not only to de-dollarize trade, but also to encourage investment in BRICS members and other emerging markets and developing economies, including a BRICS Clear platform, a “new system of securities accounting and settlement”, and financial instruments denominated in national currencies.

Trump Threatens To Punish De-Dollarization

September 14, 2024 Ben Norton, Geopolitical Economy. Resistance Report Brazil, BRICS, China, De-dollarization, Dilma Rousseff, dollar, Donald Trump, Iran, Lula da Silva, New Development Bank (NDB), Russia, Tariffs

Countries across the planet are seeking alternatives to the US-dominated financial system. However, former President Donald Trump has pledged that, if he returns to the White House, he will punish nations that de-dollarize. “We will keep the US dollar as the world’s reserve currency”, Trump promised at a campaign rally in Mosinee, Wisconsin on September 7, 2024. “It is currently under major siege. Many countries are leaving the dollar”, the Republican presidential candidate lamented. “They’re not going to leave the dollar with me”, Trump insisted. “I’ll say, ‘You leave the dollar, you’re not doing business with the United States, because we’re going to put 100% tariff on your goods'”.

Most Important Stories Of 2023: Gaza, Ukraine, China, BRICS, Dedollarization, Bank Crises, Inflation

December 31, 2023 Ben Norton, Geopolitical Economy. Resistance Report Argentina, Brazil, BRICS, China, crypto, De-dollarization, Debt, dollar, Donald Trump, Egypt, Ethiopia, Fed, Federal Reserve, Gaza, Imran Khan, India, interest, Iran, Israel, Janet Yellen, Javier Milei, Jerome Powell, Joe Biden, Lula da Silva, Narendra Modi, New Years Eve, Pakistan, Pedro Castillo, Peru, Russia, Sam Bankman-Fried, Saudi Arabia, SBF, UAE, United Arab Emirates

These were the most important geopolitical and economic issues of 2023, including the wars in Gaza and Ukraine, US-China tensions, BRICS expansion, growing de-dollarization, inflation crisis, crypto fraud, bank crashes, European de-industrialization, and more.

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