Post Tagged with: "Dollar"

The Dollar and Delusional Assumptions about Sanctions against Russia

The Dollar and Delusional Assumptions about Sanctions against Russia

Sanctions are a form of warfare, and few would deny that we have moved into a new era of economic warfare with sanctions, led by the US, have become the norm, rather than the exception. This was the conclusion recently of the pro-Western World Economic Forum. If there is general agreement that sanctions are a form of warfare, and not[Read More…]

by 28/04/2022 Comments are Disabled World
Rouble Gains, Euro Falls  As Russia Cuts Gas Supplies To Bulgaria and Poland

Rouble Gains, Euro Falls  As Russia Cuts Gas Supplies To Bulgaria and Poland

The euro plummeted to a five-year low against the US dollar during Wednesday’s trading, amid heightened fears of a possible energy crisis and an economic slowdown in Europe. Media reports from Europe said: As of 11:01am GMT, the euro/dollar exchange rate was down to $1.061 from the previous closing level of $1.0636. Earlier in the day’s trading, the index fell[Read More…]

by 28/04/2022 1 comment World
Israel Adds Yuan To Its Reserves And Cuts Dollar Holdings

Israel Adds Yuan To Its Reserves And Cuts Dollar Holdings

Israel’s central bank has made the biggest changes to its allocation of reserves in over a decade, adding the Chinese yuan alongside three other currencies to a stockpile that last year exceeded $200 billion for the first time ever. A Bloomberg report said: Starting this year, the currency mix will expand from the trio of the U.S. dollar, the euro[Read More…]

by 21/04/2022 Comments are Disabled World
Special Status of US Dollar Should Not be Used to Harm People of Other Countries

Special Status of US Dollar Should Not be Used to Harm People of Other Countries

            In certain historical circumstances the US dollar received the status of world reserve currency at the end of the Second World War. It is a very privileged and special position. It gives very sweeping control and benefits relating to international finance, payments, banking and trade. However with power comes responsibility and the USA certainly has a special responsibility to[Read More…]

by 09/04/2022 2 comments World
USA Must Avoid Misuse of Its ‘Exorbitant Privilege’ of Dollar Domination

USA Must Avoid Misuse of Its ‘Exorbitant Privilege’ of Dollar Domination

                  A very important issue of international relations on which open and free discussion is often avoided relates to the extent to which maintenance of worldwide domination of US dollar is important for the USA and the extent to which it is reflected in US policy. Transparency and unbiased discussion on this issue is clearly very important. The period[Read More…]

by 04/03/2022 Comments are Disabled World
Towards a New Gold Standard? Or a Currency War with China?

Towards a New Gold Standard? Or a Currency War with China?

Rumors have it that the remaining months of 2020 may bring drastic and explosive changes in the world’s financial system. But such “doomsday” rumors have been floating around every beginning of fall during the last few years. Why? – The US dollar is getting weaker and weaker. It is not quite on a free fall, but still remains a major[Read More…]

by 06/10/2020 Comments are Disabled World
The end of the US$ and the U.S. military

The end of the US$ and the U.S. military

Train of thought To start with, here are some recent quotations that weigh heavily on the negative aspects of the US$ and its role as the global reserve currency, also known as the petrodollar. One of the current global issues is refugees, in Europe and elsewhere: These waves of migration – and the anti-immigrant backlash that has done so much[Read More…]

by 17/09/2020 Comments are Disabled World
U.S. dollar’s grip on global markets might be over, warns Goldman

U.S. dollar’s grip on global markets might be over, warns Goldman

Goldman Sachs has issued a bold warning Tuesday that the dollar is in danger of losing its status as the world’s reserve currency. Goldman Sachs Group Inc. has put a spotlight on the suddenly growing concern over inflation in the U.S. With the U.S. Congress closing in on another round of fiscal stimulus to shore up the pandemic-ravaged economy, and[Read More…]

by 30/07/2020 Comments are Disabled World
Explaining The Dollar: How It Became The Global Currency And What It Means For You

Explaining The Dollar: How It Became The Global Currency And What It Means For You

    Most working people think of the buck as the way they pay their bills. But its use goes far beyond the USA’s borders. The greenback is the major world currency for trade and finance. This international role bestows vast power on the U.S. government and the rich. But its status doesn’t help ordinary people much. Fundamentally, the exchange[Read More…]

by 07/06/2017 1 comment World