Saudi Arabia, Iran, Argentina, the UAE, Egypt, and Ethiopia were invited
BRICS Invites Six Countries to Join Bloc in Major Expansion
Video via Sean Foo
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Tag: world economy
Putin’s speech at the 15th BRICS Summit in Johannesburg
Yellen secretly yells for China’s help
By Herman Tiu Laurel
The US and its President Biden has been looking sillier and sillier to America’s global audience the past months. Take the inane “Chinese spy balloon” hullabaloo the shadowy anti-China political-media network concocted in February, Pentagon just a few days ago, on June 30, now officially admits “did not collect intelligence while flying over the country.” Yet, that spy thriller concoction delayed Blinken’s “reconciliation” visit to China by five months, pushing through only on June 18.
Yellen secretly yells for China’s help
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‘Nearly A Third Of The World Economy Is Now Subject To Sanctions’
The Center for Economic and Policy Research (CEPR) just published a study about:
The Human Consequences of Economic Sanctions.
The results are as any observer of such acts would expect. Sanctions are used too broadly. They hardly ever serve their supposed original purpose and do not reach their aims. They hurt the poor more than the supposedly targeted leaders of this or that country.
‘Nearly A Third Of The World Economy Is Now Subject To Sanctions’
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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Biden releases 10 million oil barrels Strategic Petroleum Reserve after OPEC decision
President Joe Biden will order more oil released from the Strategic Petroleum Reserve as gas prices are on the rise and OPEC announced it was making its biggest cuts in production in more than two years.
Biden releases 10 million oil barrels Strategic Petroleum Reserve after OPEC decision
US, Allies Agree To Implement Russian Oil Price Cap Plan
US, Allies Agree To Implement Russian Oil Price Cap Plan
If Russia responds to the attempted price cap by cutting oil production [they already have], experts have warned prices could skyrocket. In the worst-case scenario, analysts at JPMorgan Chase said oil could shoot up to a “stratospheric” $380 per barrel. Oil prices are currently hovering around $100 per barrel.
How do higher oil prices prevent a worldwide recession?! Did the Biden Administration even think this through?! 🤯
US & Europe Are Victims Of Their Own Sanctions On Russia & China
I Cannot Live on Tomorrow’s Bread
On April 19, the International Monetary Fund (IMF) released its annual World Economic Outlook, which forecasted a severe slowdown in global growth along with soaring prices.‘For 2022, inflation is projected at 5.7 percent in advanced economies and 8.7 percent in emerging market and developing economies – 1.8 and 2.8 percentage points higher than projected in … January’, the report noted. IMF Managing Director Kristalina Georgieva offered a sobering reflection on the data: ‘Inflation is reaching the highest levels seen in decades. Sharply higher prices for food and fertilizers put pressure on households worldwide – especially for the poorest. And we know that food crises can unleash social unrest’.
I Cannot Live on Tomorrow’s Bread
Related:
H/T: The New Dark Age
The end of Western domination
The Western sanctions against Russia, decided unilaterally by Washington, are presented as a just punishment for the aggression against Ukraine. But, without mentioning their illegality under international law, everyone can see that they do not reach their target. In practice, the United States is isolating the West in the hope of maintaining its hegemony over its allies.
The end of Western domination
Ms. Cat’s Chronicles 
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