It is now established that the US dollar’s status as a global reserve currency is eroding. When corporate western media begins to attack the multipolar world’s de-dollarization narrative in earnest, you know the panic in Washington has fully set in. The numbers: the dollar share of global reserves was 73 percent in 2001, 55 percent…
Who would have expected that the BRICS nations could rise as the potential rival of the G7 countries, the World Bank and the IMF combined? But that once seemingly distant possibility now has real prospects which could change the political equilibrium of world politics. BRICS is an acronym for Brazil, Russia, India, China and South…
The more Joe Biden continues with his erroneous, hapless foreign policy initiatives, the more America drifts farther away from the Global South. Who said Americans don’t do irony? This boot camp which Biden runs, places the U.S. as the high order and grand master of human rights who ranks the pupils in the class and…
This is the tale of two pilgrims following the road that really matters in the young 21st century. This is the tale of two pilgrims following the road that really matters in the young 21st century; one coming from NATOstan and another one from BRICS. Let’s start with Le Petit Roi, Emmanuel Macron. Picture him…
There’s no doubt that BRICS’ planned creation of a new reserve currency will accelerate de-dollarization processes and advance financial multipolarity, but that’s very different from the dollar’s death that many folks prematurely predicted. Duma Deputy Chairman Alexander Babakov’s remarks last week in Delhi during the Russian-Indian Business Forum about BRICS’ new currency project sent shockwaves…
Last summer, the Group of 7 (G7), a self-anointed forum of nations that view themselves as the most influential economies in the world, gathered at Schloss Elmau, near Garmisch-Partenkirchen, Germany, to hold their annual meeting. Their focus was punishing Russia through additional sanctions, further arming of Ukraine and the containment of China. At the same…
