Citing officials, the Financial Times said on Sunday: Brazil and Argentina plan to create a common currency. According to the newspaper, this move could finally create the world’s second-largest currency bloc with roughly 5% of global GDP, if the initiative is successfully implemented across all of Latin America. The plan will be discussed and officially announced at a summit in Buenos Aires[Read More…]
by Yevgeny Ivanov & Ashish Singh After the World War II, the role of the dollar has grown significantly in global trade. Since then, the American currency has been used not only for transactions in foreign markets but also for transactions within countries. The collapse of the USSR has made the dollar an informal tender (vs legal tender) across[Read More…]
According to a Bloomberg report, Saudi Arabia is ready to discuss trading in currencies other than the US dollar, according to Saudi Arabia’s finance minister Mohammed Al-Jadaan. Al-Jadaan’s comments come a month after China’s President Xi Jinping said that Beijing is ready to make energy purchases in yuan instead of the US dollar in trade exchanges with members of the[Read More…]
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…]
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…]
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 $200 billion for the first time ever. A Bloomberg report said: Starting this year, the currency mix will expand from the trio of the U.S. dollar, the euro[Read More…]
In certain historical circumstances the US dollar received the status of world reserve currency at the end of the Second World War. It is a very privileged and special position. It gives very sweeping control and benefits relating to international finance, payments, banking and trade. However with power comes responsibility and the USA certainly has a special responsibility to[Read More…]
A very important issue of international relations on which open and free discussion is often avoided relates to the extent to which maintenance of worldwide domination of US dollar is important for the USA and the extent to which it is reflected in US policy. Transparency and unbiased discussion on this issue is clearly very important. The period[Read More…]
Rumors have it that the remaining months of 2020 may bring drastic and explosive changes in the world’s financial system. But such “doomsday” rumors have been floating around every beginning of fall during the last few years. Why? – The US dollar is getting weaker and weaker. It is not quite on a free fall, but still remains a major[Read More…]
Train of thought To start with, here are some recent quotations that weigh heavily on the negative aspects of the US$ 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…]
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…]
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…]
Mega Infrastructure project in Great Nicobar Island would be violative of the Constitutional mandate and adversely impact the lives of the local tribals 
Greta Thunberg’s arrest shows why we must abolish the Energy Charter Treaty 
Support Iran Women struggle, but Avoid US Trap 
Lives In Acting 
A Feminist Defense of Urfi Javed 
India China Border Conflict-7: Arunachal : Demographic mess and ethnic strife 
Multi-nation Holocaust Mourning Best be Followed by Remembering Why and How it was Allowed to Happen 
Why success of the movie ‘Pathan’ matters? 
Why Australia Should Quit Military Links With Serial War Criminal America 
Bursting of Adani Bubble Due to Hindenburg Impact; Can Modi Govt Absolve of Its Responsibility? 
Violence begets violence! 
Activists Take Over a Street to Protest Tyre Nichols Killing 
Doomsday Clock Jitters and “How to Fix a Broken Planet” 
I Wrote this Myself and Enjoyed it 
Why are whole grains important? 
Condemn the Indian Government’s attempt to stop screening of the BBC documentary 
Must the motor car industry be so selfish, must the government neglect public transport ? 
Tempting the Banksters: Zelensky Courts US Companies 
War And No War Against Russia: Contradictory Statements By European Leaders 
Considering the Invasions of Panama and Ukraine 
Why Checking Climate Change Needs an Entirely New Framework 
Nuclear Fusion Won’t Save the Climate, But It Might Blow Up the World 
The U.S. Foreign Policy Establishment Proves in Ukraine That It Forgot the Lessons of Vietnam 
Why a Small City in Ukraine Is a Focal Point in the War 
A State for Some of Its Citizens: Captured Black Soldier’s Saga Highlights Racism in Israel 
Legislators Called Upon to Pass the No Ban Act Now! 
Is India still a Republic or a Monarchy? 
Game of Chess, India Bangladesh Enclaves, Constitution Amendment and Godda Power Plant What Can the United States Bring to the Peace Table for Ukraine? 
Ukraine War To Cost Germany 4.5% of GDP In 2024, Finds Study 
Burkina Faso Ejects French Troops 
Positive Tipping Point Disinformation 
McKinsey goes Global 
Vaddakandal Massacre 
CPI (ML)Leader Ranajit Singh passes Away 
Why and How the Homes of Tughlaqabad’s Workers Should be Protected from Demolition 
We are letting down the legacy of architect B.V.Doshi 
A time of unprecedented danger: It is 90 seconds to midnight 
China Rebukes U.S. For Brinkmanship Over U.S.’s Catastrophic Debt Problem 
Dharavi, Asia’s Biggest Slum to become the El Dorado of Adani, India’s Biggest Crony Capitalist? 
Our beloved K.P.Sasi is no more. Filmmaker, cartoonist, writer, mentor, friend and above all tireless activist championing the cause of every underdog, Sasi breathed his last, mid-afternoon this Christmas day – after battling a medical condition for months. I remember the last time I met him, almost exactly a month before he passed away, at the ayurvedic healing center in[Read More…]
