Tag: purchasing power

The US Dollar Can No Longer Threaten China and Russia

Tina Marie (Ms. Cat)

In 2022, the US kicked Russia out of the SWIFT system, causing significant losses for Russian businesses and ordinary citizens. Even Switzerland’s traditionally neutral banks joined this looting. The monopoly over the financial system and global currency once gave the U.S. and EU such capability, but at the 2024 BRICS summit, Western countries permanently lost this advantage.

The US Dollar Can No Longer Threaten China and Russia

Previously:

Russia outlines proposal for BRICS DLT cross border payment system

Sean Gervasi, 1992 lecture: The US Strategy to Dismantle the USSR

Tina Marie (Ms. Cat)
Source

Sean Gervasi, 1992 lecture: The US Strategy to Dismantle the USSR

Related RAND Corporation documents:

Economic factors affecting Soviet foreign and defense policy: a summary outline

The Costs of the Soviet Empire

Sitting on bayonets : the Soviet defense burden and the slowdown of Soviet defense spending

Moscow’s Economic Dilemma: The Burden of Soviet Defense

Exploiting ‘fault lines’ in the Soviet empire: an overview

China’s economy is still far out growing the U.S. – contrary to Western media “fake news”

Tina Marie (Ms. Cat)

GDP data for China, the U.S., and the other G7 countries for the year 2023 has now been published. This makes possible an accurate assessment of China’s, the U.S., and major economies performance—both in terms of China’s domestic goals and international comparisons. There are two key reasons this is important.

China’s economy is still far out growing the U.S. – contrary to Western media “fake news”

Argentina: the movement against Milei has begun

Tina Marie (Ms. Cat)

As we were about to publish the latest editorial of the Argentine section of the IMT, concerning the first budget announcements of the new government of far-right demagogue president Milei, he doubled down: announcing by decree the abolition of over 300 pieces of legislation, which regulate economic activity in a wide range of fields. This is an unprecedented, ultra-liberal assault on the rights and living conditions of the working masses, introduced using undemocratic emergency decree powers. The announcement provoked a spontaneous movement of protest, with thousands coming out into the streets of Buenos Aires, as Alejandro Spezia describes in this special update (the original article follows after).

Argentina: the movement against Milei has begun

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

Tina Marie (Ms. Cat)

The US Federal Reserve printed $300 billion in a week to save collapsing banks and bail out Silicon Valley oligarchs. 93% of Silicon Valley Bank’s deposits were uninsured, over the FDIC limit of $250,000, but the government still paid them. 56% of SVB’s loans went to venture capitalist and private equity firms.

US government bailout of Silicon Valley and banks is $300B gift to rich oligarchs

China meets American hegemony head-on

Tina Marie (Ms. Cat)

In a rare scathing essay, Beijing’s foreign ministry has blasted Washington’s continued attempts at world domination

China meets American hegemony head-on

Related:

No holds barred as China launches frontal assault on American dollar hegemony

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