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.
The Finance Committee of the Iraqi Parliament stated that they are calling to ditch the US dollar for oil trade.
To thwart US sanctions on the Iraqi banking system,...
The war against Syria is an attempt by the West to maintain control over the world. Now, Syria is demanding compensation for oil and gas stolen by the United States at the UN.
Saudi Arabia had publicly expressed its dissatisfaction with the Biden Administration's lack of assistance for Saudi defense against the Iran-backed Houthis in Yemen before. Now, the US Senate has passed the NOPEC Antritrust bill, paving way for Biden to sue OPEC.
The White House called on India and China to implement the G7’s price restrictions on Russian oil exports. Since the West started to curb energy exports from Moscow in response to the war in Ukraine, India and China have significantly increased their imports of Russian energy. On Tuesday, Moscow and Beijing signed a new agreement to trade oil in yuan and rubles.
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.
After opposition from Serbia and Hungary Russia has stated that Bulgaria will pay for the gas in rubles whether the west likes it or not.
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.
