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Donald Trump

Trump Waves White Flag, Ends Yemen War In Omani-Mediated Truce

US President Donald Trump announced on 6 May that Washington will put a stop to its illegal war against Yemen, claiming that the Ansarallah-led Yemeni Armed Forces (YAF) “don't want to fight anymore.” When pressed by reporters on the terms of the agreement with Sanaa, Trump claimed Yemeni officials “said please don't bomb us anymore.” Asked where he got that information, Trump said, “It doesn't matter where I heard it – a very good source.” Nevertheless, the Omani Foreign Ministry announced later that Muscat successfully brokered a ceasefire agreement between Washington and Sanaa that will see both sides end hostilities.

Trump Shuts Down 25 USGS Centers That Monitor Drought And Flooding

More than two dozen United States Geological Service (USGS) centers that monitor the country’s waters for flooding and drought, as well as manage water supply levels to make sure communities don’t run out, have had their leases terminated by the Trump administration. The 25 centers being targeted are part of a network that tracks the quality and levels of surface and ground water, reported The Guardian. The data the centers’ employees and equipment provide plays a crucial role in protecting human life and property while maintaining water supplies and helping to clean up oil and chemical spills. In the aftermath of a chemical or oil spill, USGS data tracks plumes with real-time monitoring in some locations to protect drinking water, Inside Climate News reported.

Trump’s Tariffs Turbocharge De-Dollarization

Donald Trump has made it clear that one of his top goals is to maintain the dominance of the US dollar as the global reserve currency. When he was running for president in 2024, Trump promised he would punish any country that sought alternatives to the US currency by hitting them with sky-high tariffs. “Many countries are leaving the dollar. They’re not going to leave the dollar with me!”, Trump vowed at a campaign rally. “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'”. Since Trump has returned for his second term as US president, however, his tariffs and trade war have actually accelerated the decline of the dominance of the US dollar, not slowed it.

Trump DOJ Sues To Block States From Holding Fossil Fuel Companies Accountable For Climate Crisis

The United States Department of Justice (DOJ) on Wednesday filed lawsuits against Michigan and Hawaii over their planned legal actions against fossil fuel companies for the harm their greenhouse gas emissions caused by contributing to the climate crisis. The lawsuits — which are unprecedented, according to legal experts — claim there is a conflict between the state actions and federal government authority, as well as President Donald Trump’s energy agenda. The justice department is also suing Vermont and New York over their “climate superfund laws.” “These burdensome and ideologically motivated laws and lawsuits threaten American energy independence and our country’s economic and national security,” said U.S. Attorney General Pamela Bondi in a press release from the DOJ.

Trumpland

The Christian fascists and oligarchs gleefully handing Donald Trump his sharpie and executive orders are not making war on the deep state, the radical left or to protect us from “antisemites.” They are making war on verifiable fact, the rule of law and the transparency and accountability that is only possible with a free press, the right to dissent, a vibrant culture and a separation of powers, including an independent judiciary. All of these pillars of an open society, as I detail in my book “Death of the Liberal Class,” were degraded long before Trump. The press, including public broadcasting, academia, the Democratic Party, a corporatized and banal culture, a judiciary that serves the billionaire class and a Congress bought by lobbyists, have been disemboweled.

Trump’s Suez Power Play Threatens To Drag Egypt Into War

President Donald Trump’s call to permit the free passage of American ships through Egypt’s Suez Canal has sparked public outrage across a nation already in steep economic decline. While Washington appears to feel entitled to Cairo’s trade route, U.S. policies have long contributed to Egypt’s financial crisis. Earlier this week, Trump announced immediate action was being taken to allow U.S. ships to transit through both the Panama and Suez canals free of charge. While the move will likely deal an economic blow to Panama City, Cairo is already teetering on the brink.

Trump To Boot National Security Advisor Mike Waltz

US media reports on 1 May revealed that US President Donald Trump is expected to remove National Security Advisor Mike Waltz and one of his top deputies, Alex Wong, from their posts, allegedly over the “Signalgate” scandal. “He could leave imminently, but the move is not final,” POLITICO cited informed sources as saying. According to US officials who spoke with multiple western media outlets, Waltz and Wong are expected to step down after “losing the trust” of other officials and lacking support within the White House. “Special envoy Steve Witkoff, a real estate developer and friend of President Donald Trump, is under consideration to replace Waltz as national security advisor,” CNN reported.

NATO Fraud Exposed: Europe Defenceless Without ‘US Cavalry’

On April 23rd, Politico published an extraordinary article, “The US cavalry isn’t coming”, documenting in forensic detail the extent to which European defence planning and infrastructure has for decades been exclusively “built on the assumption of American support,” and “speeding American reinforcements to the frontlines.” Now, “the prospect of that not happening is throwing military mobility plans into disarray,” and the continent “stands alone” – defenceless, directionless, and bereft of solutions to the disastrous results of their prostration to US hegemony over many decades.

Hurricane Helene Survivor Reacts To Trump Administration Aid Response

On April 25, North Carolina Governor Josh Stein announced that the Department of Housing and Urban Development (HUD) under the Trump administration had approved a USD 1.4 billion grant for post-Hurricane Helene rebuilding efforts. Last year, hurricanes Helene and Milton devastated some of the most impoverished regions of the US, leaving behind billions of dollars in damages and resulting in hundreds of deaths. “This is great news for western North Carolina,” said Governor Josh Stein in a statement. “I thank the Trump Administration for moving quickly to approve this plan so we can get busy rebuilding people’s homes.”

Is Trump The Last Straw For The Dollar System?

As regular viewers of Geopolitical Economy Hour will know, we have done many programmes on the dollar’s shaky basis, and on how and why we can expect its role as world money to unravel. Now, suddenly, the Western press is full of forebodings of the demise of the dollar. The Financial Times alone, normally a loyal proponent of the wonders of the dollar system, has published a series of stories, each marshalling a different reason for the dollar system’s possibly imminent demise — over a dozen in April alone. So let me start us off with the following observations: What is interesting is how much these recent stories attribute to Trump the dollar system’s possible demise – evidenced by the simultaneous sell-off of US stocks, bonds, and dollars, which is surprising given that the latter two are generally considered “safe haven” assets which are bought when there is a sell-off of riskier assets like stocks.

Trump’s Reinstatement Of Student Visas Shows Power Of Mobilizing

In the face of mounting opposition and outrage to his reactionary program, Trump has been forced to reinstate thousands of visas of international students that his administration has tried to revoke. This policy reversal puts important limitations on his administration’s attempts to repress dissent from universities (especially from the Palestine movement), and carry out mass deportations. It is a testament to the power and importance of mass resistance from below, and speaks to the fact that Trump never had a mandate for his reactionary agenda. Opposition to Trump’s authoritarian policies has been increasing ever since Trump began his second term.

As US Military Prepares For War On China, Silicon Valley Oligarchs Profit

Evidence grows showing that the US military is setting the stage for war on China. A leaked memo obtained by the Washington Post reveals that the US Department of Defense has made preparing for war with China into its top priority, giving it precedence over all other issues. The Pentagon is concentrating its resources in the Asia-Pacific region as it anticipates fighting China in an attempt to exert US control over Taiwan. US Defense Secretary Pete Hegseth, a fundamentalist self-declared “crusader” who called for overthrowing the Chinese government, took a trip in March to Japan and the Philippines, where he repeatedly threatened Beijing and boasted of US “war-fighting” preparations and “real war plans”.

Trump’s Yemen Surge: How DC Think Tanks Brought Famine Roaring Back

President Donald Trump’s new Yemen campaign is driving what experts call a spiraling humanitarian disaster, nearly doubling the previous administration’s costs while slashing aid and intensifying airstrikes. Under pressure from powerful Washington think tanks, Trump has sharply increased airstrikes, cut $107 million in aid, and designated Yemen’s Ansar Allah as a Foreign Terrorist Organization (FTO )—all steps that experts and aid groups say are deepening famine, displacement, and collective punishment. The latest moves target Ansar Allah-controlled northern Yemen, home to roughly 70% of the population and 80% dependent on food imports.

Trump’s Mass Deportation Operation Escalates With Workplace Raids

On Monday, April 21, US Customs and Border Protection raided Vermont’s largest dairy farm, detaining eight immigrant workers in the largest immigration raid in the state’s recent history. The next day, ten workers at a Home Depot in Pomona, California were arrested by immigration authorities. Workers across the country are bracing for the possibility that many of their coworkers may fall victim to sudden kidnappings by federal agents in the name of carrying out Trump’s agenda of mass deportations. In a country where undocumented workers perform many of the most essential functions in the nation’s economy, escalating immigration raids could have enormous ripple effects.

Bonds Away!

I recently wrote about a somewhat mysterious group of financial traders known as the bond vigilantes. Their actions caused Donald Trump to abort many of his Liberation Day tariffs, but that does not make them the good-guy defenders of democracy. In fact, they are quite the opposite. Many understood that point, thankfully, but others wondered about the government bond market, how it worked, and why the value of something fully backed by the faith of the U.S. government might be mutable in value. Readers had questions and the answers will help us understand why Trump flinched when the bond vigilantes drove up the interest rates on government bonds.
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