Tag: US Dollars

Putin Throws Down the Gauntlet Again at Western Currency System

Tina Marie (Ms. Cat)

Today we will touch upon President Putin’s speech at the Eastern Economic Forum in Vladivostok, Russia.

Just like back in June of this year, Putin trash-talked not only the dollar but the euro and the British pound.

He also announced that Russia and China would be bypassing the dollar from now on when dealing with natural gas.

Eastern Economic Forum

CNBC Article

Putin Throws Down the Gauntlet Again at Western Currency System via maneco64

U.S. Strategic Petroleum Reserve Falls To 35-Year Low as American crude heads overseas at a record pace

Tina Marie (Ms. Cat)

U.S. Strategic Petroleum Reserve Falls To 35-Year Low

According to the Institute of Energy Research, the SPR is expected to shrink to a 40-year low by the end of October, with inventories then at 358 million barrels, compared to 621 million barrels a year ago.

Related:

US oil exports to China and India jump as American crude heads overseas at a record pace

The only thing that climbed as high as gas prices earlier this year was the disapproval of US President Joe Biden 😂

Biden was wrongly blamed for rising gas prices. But he doesn’t deserve much credit for the drop

NATO, the Left, and the Path to Peace

Tina Marie (Ms. Cat)

Posted on the United National Antiwar Coalition July 13, 2022 by Alan Freeman, published on The Valdai Discussion Club, July 4, 2022

If anyone tries to justify a monstrous and unnecessary human sacrifice on the grounds that it’s for the best, then they are measuring ‘good’ in dollars instead of bodies, and they’re not part of the left, because the left stands for humans, not property, Valdai Club expert Alan Freeman writes.

NATO, the Left, and the Path to Peace

China getting rid of US debt holdings amid Washington DC’s escalatory actions and overall US decline

Tina Marie (Ms. Cat)

This year marks exactly 50 years since the establishment of ties between the United States and the People’s Republic of China. US President Richard Nixon visited China in 1972 and initiated an unprecedented thaw in relations, the first ever between a Communist power and a leading capitalist one. It was a very unusual occurrence, especially as the (First) Cold War was reaching its zenith precisely at that time. Although Mao Zedong himself and Nixon paved the way for the establishment of this relationship, it was only after Deng Xiaoping took power that the modern Sino-American relationship grew and in many ways shaped the economic and geopolitical realities of our time.

China getting rid of US debt holdings amid Washington DC’s escalatory actions and overall US decline

Related:

US debt held by China drops to lowest in 12 years

Speaking at a Senate Banking Committee hearing, Federal Reserve Chairman Jerome Powell acknowledged that the recent battle with inflation could tip the country into another recession.

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