The end of world dollar hegemony is coming, and hardly anyone in government is taking notice or even understanding what this means. Since the Bretton Woods Conference in 1944, the dollar has been the only currency accepted throughout the world for settlement of international trade accounts among nations.
Kish, since you are wondering, is an Iranian island in the Persian Gulf famed for its tourist and shopping attractions. It is becoming a serious rival to other nearby vacation hubs in Doha and Dubai.
While whispers of the current emerging market debt crisis, the result of the rapidly strengthening dollar, could be heard throughout the summer, virtually no one predicted the blow the dollar’s rise would deal to some other developed economies. But with the dollar reaching levels not seen in a generation, a
“Nobody f*cks with a Biden,” said the U.S. president, and the oil ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC+) replied, “Hold my beer.” OPEC+ then proceeded to approve production cuts of 2 million barrels per day, despite a full court press by the
Assault on crucial infrastructure in Europe have grown recently, and it now seems that these may be impacts of the conflict in Ukraine. Now, Russia foiled the attack on Turkstream pipeline and saboteurs were arrested.
The War of Economic Corridors has entered incandescent, uncharted territory: Pipeline Terror.
The CIA forewarned Germany of prospective assaults on gas pipelines in the Baltic Sea weeks before Nord Stream 1 and 2 were struck. Furthermore, a former Pentagon advisor has said that the US likely attacked Nord Stream pipelines in order to isolate Germany.
On September 12, Russian President Vladimir Putin stated that, given mounting economic sanctions, full “de-dollarization” of the Russian economy is only a matter of time (RBC, September 12). Putins remark was preceded by a statement from Russian Deputy Finance Minister Alexey Moiseev, who argued that “Russia no longer needs the
The president asserted that sanctioning Russia was no longer sufficient for “Anglo-Saxons.” He further added that the Anglo Saxons went ahead and sabotaged the Nord Stream pipelines.
