The US Dollar is in trouble. Many of us in the alternative media and several economists who were ignored by the mainstream media and others saw this coming many years ago. The mainstream media is now listening, in this case Bloomberg News in an opinion piece written by Stephen Roach, ‘A Crash in the Dollar…
The widening gap between the current state of the U.S. economy and the role of the dollar is nearing a tipping point. As America’s economic power relative to that of other countries and regions is shrinking, this means that the dollar will hold less and less of a privileged position. Until recently, the dollar had…
At Counterpunch, Michael Hudson has penned an important article that outlines the important connections between US foreign policy, oil, and the US dollar. In short, US foreign policy is geared very much toward controlling oil resources as part of a larger strategy to prop up the US dollar. Hudson writes: The assassination was intended to…
In August of 1945, the United States became the only country to drop nuclear bombs on an enemy. Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II. Ever since, world superpowers have been rapidly advancing…
America’s tariffs against China are already showing signs of undermining the global economy and will create a funding crisis for the Federal Government when it leads to foreigners no longer buying US Treasury debt and selling down their existing dollar holdings. A subversive attempt by America to divert global portfolio investment from China by destabilising…
“Inflation” occurs when the creation of currency outruns the creation of real wealth it can bid for… It isn’t caused by price increases; rather, it causes price increases. Inflation is not caused by the butcher, the baker, or the auto maker, although they usually get blamed. On the contrary, by producing real wealth, they fight…
