Tag: US Dollar

By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer

Tina Marie (Ms. Cat)

The U.S. empire’s social stability can no longer rely on buying off the workers within its own borders. When Che Guevara observed that international worker solidarity gets undermined by the proletarians in the core imperialist countries receiving special benefits compared to the proletarians in the exploited countries, he was right. But with the contraction of capital, and the consequential introduction of neoliberalism to keep capital afloat, this has changed. Every year, the masses within the United States face conditions that are more like the ones in the Global South. The global wealth gap is still the primary wealth gap in a macro sense, but this widening of the U.S. empire’s internal inequality represents a contradiction which can bring about the empire’s defeat from within. And therefore a major step towards eliminating the global gap.

By endangering the petrodollar, Ukraine conflict brings multipolar world & U.S. revolution far closer

Joint Statement of the Communist Party of Kenya and the Zimbabwe Communist Party On the Expansion of AFRICOM

Tina Marie (Ms. Cat)

The Communist Party of Kenya (CPK) and the Zimbabwe Communist Party (ZCP) are deeply concerned with the decision of Zambian President Hakainde Hichilema to make Zambia a center for the operations of the United States military with the opening of an AFRICOM office in Lusaka. This does not, at least at this stage, mean that US ground forces will be sent to Zambia. It does mean that the USA will train and direct Zambian troops in its interests. The pattern in Africa is similar to that pursued by the USA in Latin America for 150 years in which a country would be effectively occupied by its own army on behalf of the imperial power.

On the Expansion of AFRICOM

[4.24.2022] US sanctions against Russia are illegal and only make things worse

Tina Marie (Ms. Cat)

4.24.2022 – Perpetually new sanctions against Russia, actively imposed by the United States and its European allies, are formally unilateral measures that have neither a legal basis nor UN approval, writes the Global Times.

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Notably, Washington is imposing severe sanctions on those economic sectors where US firms are Russia’s main competitors – ignoring industries where US dependence on Russian supplies is evident, such as titanium, which Americans use to make their aircraft and need rocket engines. According to Deputy Secretary of the Russian Security Council Mikhail Popov, the United States has also allowed its companies to import chemical fertilizers from Russia while imposing a ban on other states, writes the Global Times.

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In addition, the US itself has felt the negative impact of the sanctions more than expected, the article said. Gita Gopinath, first deputy executive director of the International Monetary Fund, has already warned that financial restrictions on Russia threaten to gradually weaken US dollar hegemony and lead to even greater fragmentation of the international monetary system. And according to Andrew Milligan, a former UK Treasury official, the sanctions could also cause US corporate profits to fall, the Global Times reports.

US sanctions against Russia are illegal and only make things worse

Related:

UN Security Council Sanctions (<—No UN sanctions on Russia)

Brazil’s Lula proposes creating Latin American currency to ‘be freed of US dollar’ dependency

Tina Marie (Ms. Cat)

Brazil’s left-wing leader Lula da Silva says if he wins the 2022 presidential elections, “we are going to create a currency in Latin America,” called the Sur (“South”), to combat “the dependency on the dollar”

Brazil’s Lula proposes creating Latin American currency to ‘be freed of US dollar’ dependency

Previously:

US Coup Specialist Victoria Nuland Visits Brazil

Sadly, I doubt that Lula is going to become President, if this is true, or he won’t stay President very long. US’ interests (AKA Big Business/CIA/NED) won’t allow it. 🤷🏼‍♀️