De-Dollarization Kicks Into High Gear

April 30, 2023April 30, 2023 Tina Marie (Ms. Cat)

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

IMF sets another condition for crisis-hit Pakistan to revive loan

March 28, 2023March 28, 2023 Tina Marie (Ms. Cat)

Crisis-hit Pakistan has made various economic modifications including hikes in fuel prices, raising taxes, and others demanded by IMF to unlock the loan program.
IMF sets another condition for crisis-hit Pakistan to revive loan

In 2018, Imran Khan became Prime Minister of Pakistan. For this, they arranged friendly loans from Saudi Arabia, United Arab Emirates and China to avoid tough IMF conditions. In 2019, when economic conditions worsened, they went to IMF for the twenty-second time for a loan of US$1 billion. IMF gave loan based on conditions such as hike in energy tariffs, removal of energy subsidy, increase in taxation, privatization of public entities and fiscal policies to the budget.

IMF bailout package — rescue or trap for Pakistan?

“The IMF’s agenda is not to strengthen global economies because if it does that, then the Fund itself will be out of business,” he said.

Imran Khan loses no-trust vote, prime ministerial term set for unceremonious end

April 9, 2022April 9, 2022 Tina Marie (Ms. Cat)

Imran Khan loses no-trust vote, prime ministerial term set for unceremonious end

After announcing results, Sadiq gave the floor to Shehbaz Sharif, who is the joint opposition’s candidate for the post of prime minister.
…
He rejected the claims that the “threat letter” was fake, adding that the meeting in Washington took place on March 7.
“On March 8, the no-confidence motion was submitted against the prime minister. Look at how these things coincided,” he said, calling for holding an in-camera session.
…
Human Rights Minister Dr Shireen Mazari’s speech revolved around the alleged US influence on Pakistani politics. “It is this nation’s misfortune that America has always been successful in [changing] the leaders of Pakistan.”
She recalled that the opposition was invited to check the ‘threat letter’ that according to government is ‘proof’ of a foreign-funded conspiracy.
“But I know why you did not come … because you’re a part of that conspiracy, which clearly states that ‘if you will oust Imran Khan and no-confidence vote is successful, then the nation will be forgiven.
“What will be forgiven? What crime has Pakistan done? An independent foreign policy? Who the hell is America to forgive us? And for what crime? For God’s sake have some shame. This is America’s old ways. In the 1950s, America and UK conspired to oust Iranian leader Musaddik — who was a democratic leader.”
She said America has either ousted democratic leaders or assassinated them and has installed dictatorship in countries.
“A few days ago, [US President Joe] Biden went to Poland and said ‘remove Putin and bring regime change’. This is America’s way.”

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Succeeded: Regime Change in Pakistan