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…]
Groundwater management, farm subsidies & food security- Need to adopt a holistic view 
Following Raid In Trump’s Home, The Far Right Calls For Civil War In The U.S. 
5G Spectrum – Is it a distress sale? CAG may look at it carefully 
India 
Sale of talcum powder to be stopped globally by Johnson & Johnson 
This Is No Time for Climate Complacency 
A Military Rich in Dollars, Poor in People 
RSS’s International Wing Defeated at Californian City of Manteca 
European Imperialism and How India and Pakistan Won and Lost August 14-15, 1947 National Freedom 
Battle for possession of the Tricolour 
Finding new and unfamiliar voices to tackle the climate crisis 
How easy it is to be a patriot 
Taliban Break Up Afghan Women’s Protest in Kabul 
India: 75 Years of Independence 
Opposition to Laal Singh Chaddha is because its story doesn’t fit into BJP’s divisive agenda 
Europe Dries Up 
After 75-years of Independence 
Employees Pension Scheme: Not consistent with human dignity 
Fact-Finding Report of Himmatnagar and Khambhat Riots in Gujarat 
Whose FREEDOM@75? 
India’s position on the World Hunger Index has fallen and malnutrition and unemployment rising 
Azadi ka Amrit: Between compulsive flag-waving and conditional rations 
Condemn the brutal attack on Salman Rushdie 
Ideas 
Warmer Nights Could Lead To A 60% Increase In Global Mortality, Finds Study 
A Brief Outline of Strategy for the New Phase of Janatha Aragalaya 5G Spectrum – Is it a distress sale? CAG may look at it carefully 
Information Overload: A New Challenge for a Modern Man to Tackle 
Sit-in protests by the families of the missing – 2000 days with no response from the Government 
The Inflation Reduction Act – Is it Enough Soon Enough? 
Two Most Important Crises of World Today and Their Inter-Connection 
The plight of homemakers, post-Covid-19 
Celebrating the 75th Anniversary of Independence – Why Gandhi-Nehru brothers RSS-BJP? 
75th anniversary of Indian Independence Part 2 -Post-1947 period 
What’s that decisive moment in art and life? Nafrat Chodo – Bharat Jodo Abhiyaan! 
Europe Faces Worst Drought In 500 Years 
This happens there in the US 
What ails the World of Medical Education? Caste Discrimination in the World of Medical Education 75th Anniversary of Indian Independence Part 1 –Analysis of pre-1947 to present 
Binu Mathew, the editor of Countercurrents.org and the editorial team have been working selflessly with minimal funds and accepting no advertisements. Besides CC abhors foreign institutional funding, corporate funding or government aid. It has been in existence for about two decades and standing on the side of the people and taking an anti-establishment stance. To that extent it is like[Read More…]
