In recent years observers in many different countries have been warning ever more insistently about the inevitable collapse of the dollar – which Washington has inflated far above its true value. The US has experienced nine recessions since the beginning of the 1970s, and the dollar has fallen twice in real terms, from 1972-1974, and…
Let’s start with three interconnected multipolar-driven facts. First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.” So is…
The US is facing major moves by the global community to de-dollarize their economies. The reserve status of the US dollar will eventually come to an end, maybe not anytime soon, but sometime in the future as it is facing numerous challenges not only from major powers such as Russia and China who are actively…
Consider this, Consider this the hint of the centuryConsider this, the slip, that dropped me to my knees, failed.What if all these fantasies come flailing around?And now, I’ve said…. too much— R.E.M. – Losing My Religion I probably should have codified these before the turn of the new year but I didn’t even think of…
On Dec. 9, China’s President Xi Jinping met with the leaders of the Gulf Cooperation Council (GCC) in Riyadh, Saudi Arabia, to discuss deepening ties between the Gulf countries and China. At the top of the agenda was increased trade between China and the GCC, with the former pledging to “import crude oil in a consistent manner…
The Eurasia Economic Union (EAEU) is speeding up its design of a common payment system, which has been closely discussed for nearly a year with the Chinese under the stewardship of Sergei Glazyev, the EAEU’s minister in charge of Integration and Macro-economy. Through its regulatory body, the Eurasian Economic Commission (EEC), the EAEU has just…
