While US Defence Secretary Lloyd Austin convenes the “Contact Group for the Defence of Ukraine” in Germany to supply more and more weapons to Kyiv and fuel the war in Europe, Russian Foreign Minister Sergei Lavrov is visiting Brazil, Venezuela, Nicaragua, and Cuba. In Latin America – the USA considers Latin America its “backyard” –…
We were waiting for the end of the worldWaiting for the end of the world, waiting for the end of the worldDear Lord, I sincerely hope You’re coming‘Cause You really started something Elvis Costello , Waiting for the End of the World, 1977 NOTE: THIS IS THE ENGLISH ORIGINAL OF A COLUMN SPECIALLY COMMISSIONED BY…
Already, 2023 has been a brutal year for US geopolitical hegemony — and it’s not even halfway over. An unprecedented wave of “de-dollarization” is sweeping the globe. De-dollarization means countries which have used the US dollar for international trade since WWII are actively adopting alternatives, threatening to end to the US dollar’s global reserve currency…
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…
At the end of his recent video about the Chinese-Saudi-Iranian diplomatic deal on 10 March, the astute foreign policy expert Muqtedar Khan asks whether this breakthrough may lead to the “de-Americanisation of Saudi Arabia” itself. It is an interesting question that reflects current realities pertaining not only to Saudi Arabia but also to the entire…
There’s no doubt that upcoming Saudi moves in support of the petroyuan that are taken in coordination with Iran and Russia would catalyze the next natural phase of de-dollarization. Russian-GCC real-sector trade that’ll be carried out via Iran across the North-South Transport Corridor will be conducted in national currencies and thus prepare those three for…
