The reported initiative follows a recent trend by Venezuela to take back control of its national reserves and move away from US- and dollar-controlled financial institutions.
President Trump seems to be trying to compensate for the decline in US power overall by way of adopting more bellicose and foghorn rhetoric for others to comply with American demands.
Trump is trying to square a globalized world through a national-based American capitalism. It won’t work. Former President Teddy Roosevelt (1901-09) described the essence of US foreign policy as “speaking softly while carrying a big stick”. Under the incumbent president, Donald Trump, it seems to be all about “speaking loudly”. What Trump is
The Turkish selloff certainly continued into July and August as U.S. relations with Turkey deteriorated this week after President Trump doubled steel and aluminum tariffs to pressure the nation to release a jailed American pastor.
Last month, when we reported that Russia had liquidated the bulk of its US Treasury holdings in just two months, we said that "we can't help but wonder - as the Yuan-denominated oil futures were launched, trade wars were threatened, and as more
The number of countries switching to national currencies to settle bilateral trade deals is growing in the face of the US weaponization of the dollar.
When US President Donald Trump re-imposed sanctions on Iran last week, he warned that any company doing deals with the Iranians in dollars would also be subject to sanctions. Several Russian companies are also under US sanctions, while Trump’s tweet last week doubling tariffs on imports of Turkish steel has caused Turkey’s currency to crash more
As Western capitals brace themselves for Wednesday’s two-day NATO summit, Iranians and Europeans alike are hoping EU leaders can finally put their money where their mouth is and unshackle themselves from U.S.-imposed hegemonic bondage.
VIENNA, AUSTRIA -- While the White House’s frenzied anti-Iran campaign has entailed unprecedented attempts to twist the arms of the United States’ traditional European allies, the pressure may be backfiring – a reality made all the more clear by Russian Foreign Minister Sergei Lavrov’s claims that Europe’s three major powers plan to continue trade
The US scheme for Balkanizing Latin America, and by extension the world, is as porous as the 1,500 km long tropical forest border between Colombia and Venezuela.
During the recent meeting in Caracas of the Venezuelan Presidential Economic Advisory Commission, in mid-June 2018, President Maduro said something extremely interesting, but also extremely disturbing – nonetheless highly important for the region to be aware of. Mr. Maduro mentioned Yugoslavia, the foreign induced local conflicts, the breakup and
“With the Dollar, the world is always under exchange rate pressure. We should save states and nations from this exchange rate pressure. Gold has never been a tool of oppression throughout history.”
