The US is facing major moves by the global community to de-dollarize their economies. The reserve status of the US dollar will eventually come to an end, maybe not anytime soon, but sometime in the future as it is facing numerous challenges not only from major powers such asContinue reading De-Dollarization Accelerates in Southeast Asia
Challenging the western monetary system, the Eurasia Economic Union is leading the Global South toward a new common payment system to bypass the US Dollar.Continue reading The Global South Births A New Game-Changing Payments System
It’s wake-up time. For months, there has been a tremendous amount of denial out there. So many of the “experts” assumed that the Federal Reserve and other central banks had everything under control and that things would “return to normal” before too long. But that hasn’t happened.Continue reading Even The Banksters are Being Forced to Admit that the U.S. Economy is Coming Apart at the Seams
Continue reading The Rise of the Global South and the Foundation of a New Currency System
“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out.”Vladimir Putin said at the BRICS business forum.
The heads of America’s biggest banks welcomed a Congressional staffer into their ranks during a public hearing.Continue reading Proof Revolving Door Between Congress and Banks Exists
A new position is being created to advise the Biden administration on how to avoid collateral damage from restrictions.Continue reading US Treasury Looking for Sanctions Wizard, Not A Joke
Sergey Glazyev’s thinking is rooted in an old and powerful intellectual current that derives from a strong tradition in Russia based upon state credit, national sovereignty, large-scale infrastructure, scientific progress, and win-win cooperation.Continue reading The Root Causes of the Current Unfolding Systemic Financial Collapse of the West
European energy companies are facing margin calls of a total of $1.5 trillion in the derivatives market and many would need policy support to cover them amid wild swings and skyrocketing gas and power prices, an executive at Norway’s energy major Equinor told Bloomberg on Tuesday. According to Helge Haugane, Equinor’s senior vice president for gas and power, the $1.5-trillion estimate is even “conservative”.Continue reading “Lehman Event” Looms For Europe As Energy Companies Face $1.5T In Margin Calls
“And thus it renders more and more evident the great central fact that the cause of the miserable condition of the working class is to be sought, not in these minor grievances, but in the capitalistic system itself.” Friedrich Engels, The Condition of the Working Class in England (1845) (preface to the English Edition, p.36)Continue reading Triggering A Multi-Trillion Dollar Global Debt Crisis
The idea that there is an agenda for global government among the financial and political elites of the world has long been called a “conspiracy theory” within the mainstream and the establishment media.Continue reading Vatican Goes Full Technocracy With ‘Council for Inclusive Capitalism’
“Take The Tragedy in Sri Lanka and Multiply By Ten”. We are living in a period of mass “Jonestown” economic delusion. Just twenty months ago – central bankers were offering to buy nearly every junk bond known to mankind, dramatically distorting the “true cost of capital.”Continue reading The Fed Just Lobbed A Financial Nuke That Will Obliterate The Global Economy
The pursuit of inter-banking agreements comes amid efforts by Tehran and Moscow to strengthen their economies and bypass western sanctions.Continue reading Iran-Russia Interbank Agreement Soon to Be Implemented
Catherine Austin Fitts (CAF), Publisher of The Solari Report and former Assistant Secretary of Housing (Bush 41 Admin.), contends this is what the so-called “reset” looks like. High food and fuel prices along with crushing interest rates are no accident. CAF explains,Continue reading This Financial Coup d’ Etat aka Great Reset is A Planetary Takedown by Financial “Insiders”
Understanding of the dollar’s world role is dominated by the ideas of ‘dollar hegemony’ and ‘US hegemony’. In this paper, based on their extensive past work, Radhika Desai and Michael Hudson reveal how these ideas are ideologies, not theories.
They reveal an understanding that is theoretically sound and accords with the historical record, a geopolitical economy of the international monetary system of modern capitalism.
They begin with a theoretical outline of how money operates under capitalism. They then consider how capitalism needs world money and, at the same time, makes its stable functioning difficult.
They then go on to trace the fundamental instability of the modern international monetary systems based on national currencies of dominant countries, from the gold standard to the current volatile and predatory dollar-centred system, and their close connection to short-term and speculative.
“Weak growth in the global economy, low and negative interest rates, the risk of endless stagnation and rising inflation, and prospects for a prolonged recession are, unfortunately, part of the economic reality. Clearly, the globalisation-based financial supercapitalism model, of which the United States was a beneficiary for quite a long time, and which relied on endless lending and financialisation, which turned the commodity markets into financial ones, has run its course.”
– Alexander Losev from the PrefaceValdai-Paper-116
On April 13th, Treasury Secretary Janet Yellen gave a speech at the Atlantic Council in Washington. In the speech, “On the Way Forward for the Global Economy,” Yellen chillingly sketched the new “globalist order” she fantasizes will emerge from the Biden Administration’s provoked war with Russia in Ukraine—while portraying herself literally as “the world.”Continue reading Janet Yellen Declares World Bankers’ Dictatorship
Sergey Glazyev is a man living right in the eye of our current geopolitical and geo-economic hurricane. One of the most influential economists in the world, a member of the Russian Academy of Sciences and a former adviser to the Kremlin from 2012 to 2019.Continue reading Dawn of a New Global Financial System
The “rules-based international order” – as in “our way or the highway” – is unraveling much faster than anyone could have predicted.Continue reading All That Glitters is Not Necessarily Russian Gold
The Russian ruble has been stabilizing against the US dollar and euro, after a record drop amid Ukraine-related sanctions’.Continue reading Ruble Rising in the Face of Sanctions
The Russia-led Eurasian Economic Union and China just agreed to design the mechanism for an independent financial and monetary system that would bypass dollar transactions.Continue reading Say Hello to Russian Gold and Chinese PetroYuan
The most powerful private financial interests in the world, under the cover of COP26, have developed a plan to transform the global financial system by fusing with institutions like the World Bank and using them to further erode national sovereignty in the developing world.Continue reading UN-Backed Banker Alliance Announces “Green” Plan to Transform the Global Financial System
As the geniuses running the western financial bubble sometimes called an “economy” continue to double down on their obsession to pump a dead financial system with ever more trillions in stimulus spending, arguments are raging among brainwashed economists living in denial over the oncoming systemic collapse.Continue reading Lobotomized Economists Clash on the Deck of the Titanic
Washington is about to control the data of all financial transactions in the world. With the objective of combating financial crimes, the American government is about to pass a law that greatly expands the inspection power of financial regulatory agencies, which will have the freedom to use new technologies that allow them to supervise operations outside American territory.Continue reading US FinCen About to Control Global Financial Data
“The total amount of third world debt has already been repaid six times over in interest.”(1)Continue reading Debt: A “Financial Weapon” Used to Subordinate Developing Countries
Credit Suisse is hours from collapse and the consequences could be a systemic failure of the financial system. Disappointingly, my dream last night stopped there. So unfortunately I didn’t experience what actually happened.Continue reading The $2.3 Quadrillion Global Timebomb
In 2018, the Chinese launched a gold-backed, yuan-denominated oil futures contract. These contracts were priced in yuan, but convertible to gold, raising the prospect that “the rise of the petroyuan could be the death blow for the dollar.”Continue reading Beijing Greenlights Purchases Of Billions In Bullion
If the pandemic represented stage one of Technocracy’s coup d’etat, then there remains a grand finale yet to come. Now the World Economic Forum is preparing for a massive cyber attack leading to the collapse of the global financial system. This could complete the “Great Reset” where everything flips. ⁃ TN EditorContinue reading WEF Warns Of Cyber Attack Leading To Systemic Collapse Of The Global Financial System
Russia and China need to work to further reduce their dependence on the dollar and switch to national currencies for trade in order to alleviate the risks of US sanctions, says Russia’s top diplomat.Continue reading Russia, China Need to Move Away from Dollar to Reduce Risks of U.S. Sanctions
Over the past decade at least, financial scandals involving theft and money laundering hounded the Holy See’s Secretariat of State and its Financial Information Authority. Ongoing financial reforms made under the current CEO Bergoglio are not enough to improve its cash flow.Continue reading Vatican is Going Bankrupt from Decades of Financial Corruption
The road to hell, an old adage holds, is paved with good intentions. And it may be that the route to successfully implementing objectionable policies is forged by simply not naming them. It should come as no surprise that crises accelerate the adoption, or at least the consideration, of what were once borderline proposals.Continue reading The Back Door To Universal Basic Income