On Aug. 22, about 2
The Coming Shock to the Global Monetary System½months from today, the most significant development in international finance since 1971 will be unveiled.
Tag: Ruble
De-Dollarization Kicks Into High Gear
The US dollar is essential to US global power projection. But in 2022, the dollar share of reserve currencies slid 10 times faster than the average in the past two decades.
De-Dollarization Kicks Into High Gear
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Taiwan A Red Herring for A Weak Link to US War in Asia
Part One : “Takusa” is born in social media
Now it is becoming clearer. The American claim that it must support Taiwan due to an impending invasion by China is a dead herring.
Taiwan A Red Herring for A Weak Link to US War in Asia
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake
If the United States and its allies impose sanctions on China, this could be the greatest financial mistake in all of modern history. Unlike Russia, China is more resilient and has deeper ties across the global economy. Punishing China will likely backfire against the dollar and unleash a de-dollarization wave that could knock it off the reserve status. Here’s what you must know!
Sanctioning China Will Destroy The Dollar | America’s Ultimate Mistake via Sean Foo
Related:
One Year After Russia Mega Sanctions, Senate Asks ‘Can We Do Same To China”
Today’s Russia Is Upholding the Best of the Soviet Legacy
By Victoria Nikiforova – Dec 5, 2022
The following essay is written and published by a columnist at Russia’s main state media outlet, RIA Novosti. The essay provides an overview of the achievements and the lasting legacy of the Union of Soviet Socialist Republics (USSR) for today’s Russia and for the world. It is not a comprehensive history of the USSR; that is for historians to continue to write and debate. The essay’s most salient feature is the insight into the thinking of the people of the Russian Federation at this very turbulent turning point in their history.
The essay voices the wholesale loss of positive expectations of the Russian Federation people for the Western imperialist countries as the latter escalate their drive to isolate and weaken their country and its government. Many other such writings are appearing in Russian media. Altogether, they reflect a deepening understanding in Russian society that world imperialism—headed by the United States and including the major powers of Europe and Japan–is very much alive, dangerous, and, quite literally, out to get them. There is a profound upheaval taking place in the political thinking and the aspirations of the many peoples of the Russian Federation.
Today’s Russia Is Upholding the Best of the Soviet Legacy
Feet on the Ground in St. Petersburg: The Public Mood
by Gilbert Doctorow
One of the first questions put to me by a reader via the Comments function with respect to Monday’s report of my initial impressions after arriving in St Petersburg was: and what is the general mood of people? I begged off answering, saying that I would have to speak to a lot more people before I could confidently answer that question.
Feet on the Ground in St. Petersburg: The Public Mood
Sanctions don’t seem to be effecting the wealthy or the middle class, in Russia, much.
The Euro Without German Industry
By Michael Hudson
The reaction to the sabotage of three of the four Nord Stream 1 and 2 pipelines in four places on Monday, September 26, has focused on speculations about who did it and whether NATO will make a serious attempt to discover the answer. Yet instead of panic, there has been a great sigh of diplomatic relief, even calm. Disabling these pipelines ends the uncertainty and worries on the part of US/NATO diplomats that nearly reached a crisis proportion the previous week, when large demonstrations took place in Germany calling for the sanctions to end and to commission Nord Stream 2 to resolve the energy shortage.
The Euro Without German Industry
Is the USA Scoring Self-Goals With Its Ukraine Policy?
There has already been significant criticism of the Ukraine policy of the USA government from a perspective of world peace. The base of US policy is the concept of a proxy war that can bleed and weaken Russia as much as possible (at great cost to the people of Ukraine as well as the peace and stability of the rest of the world). This has been documented at several places. However another important aspect which has unfortunately received very less attention is that the Ukraine policy of the USA government also seriously violates the real, broader interests of the USA government and people.
Is the USA Scoring Self-Goals With Its Ukraine Policy?
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Nearly 90 Percent of the World Isn’t Following Us on Ukraine
Globalization can function only if most participants believe it advances their interests. If the rest believe the West is unfairly using the system for its own benefit, the rules- based international order falls apart and alternatives will emerge.
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These concerns are generating considerable anti-Western sentiment across much of the Global South. While a nuclear-armed Russia shows no willingness to end a war its leaders cannot afford to lose; the West is rapidly losing the rest and thus undermining the very rules-based international order it has sought to create. Our most promising solution to this dilemma is likely to be some sort of diplomatic compromise.
Europe, more than Putin, must shoulder the blame for the energy crisis
The same arrogant, self-righteous posturing from the West that fuelled the Ukraine war is now plunging Europe into recession
Europe, more than Putin, must shoulder the blame for the energy crisis
U.S. ups the ante: are we indeed headed into WWIII and what can save us?
Gilbert Doctorow, 9/9/22
The UK and Commonwealth may be mourning the passing of Queen Elizabeth II yesterday. I am in mourning as well, but for a very different reason: the gathering of the Ukraine Defense Contact Group in the Ramstein air base in Germany yesterday reshuffled the deck on Western military and financial assistance to Ukraine, raising contributions to the ongoing holy crusade against Russia from still more nations and adding new, still more advanced precision strike weapons to the mix of deliveries to Kiev. It was an open summons to the Kremlin to escalate in turn, as were the test firing the same day of a new intercontinental rocket, the Minuteman III, from Vandenberg air base in California and the unannounced visit to Kiev yesterday of not only Secretary of State Antony Blinken, who was featured in Western media accounts, but also other top officials of the Biden administration. The most notorious member of this delegation was surely Blinken’s deputy, Victoria Nuland, who had stage managed the February 2014 coup that put in power in Kiev the Russia-hating regime that Zelensky now heads.
Gilbert Doctorow: U.S. ups the ante: are we indeed headed into WWIII and what can save us?
Related:
A Former US Marine Corps Officer’s Analysis of the Ukraine War (archived, in case the original is removed)
Ms. Cat’s Chronicles 
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