How a Hidden Parliamentary Session Revealed Trump’s True Motives in Iraq

The U.S. is adamant that its assassination of Qassem Soleimani and refusal to leave Iraq is about protecting Americans, but a little known Iraqi parliamentary session reveals how China increasingly strong ties to Baghdad may be shaping America’s new Mideast strategy.

US China Iraq oil Feature photo

Since the U.S. killed Iranian General Qassem Soleimani and Iraqi militia leader Abu Mahdi al-Muhandis earlier this month, the official narrative has held that their deaths were necessary to prevent a vague, yet allegedly imminent, threat of violence towards Americans, though President Trump has since claimed whether or not Soleimani or his Iraqi

Be Sociable, Share!

Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

At its root, a currency has power because people believe it does. As belief in and fealty to the dollar continue to erode, we can expect the U.S. to fight, brutally when deemed necessary, to maintain the status quo that made it an empire.

Iraq | Oil | Petrodollar

WASHINGTON -- Last Wednesday, U.S. Secretary of State Mike Pompeo gave a disturbing interview to Fox Business Network in which he divulged his plans to form a NATO-type alliance against Iran. The U.S. has long accused Iran of supporting terrorism, accusations that have ramped up under the Trump administration. Pompeo said, without a hint of irony,

Be Sociable, Share!

Jesus Rodriguez, ex-Cónsul General to US, Discusses Maduro, Petro, Venezuelan Grit

As Jesus Rodriguez explains to MintPress in an exclusive interview, while no single change can fix the current condition of Venezuela, the Maduro government’s response to the crisis has been both humane in the Bolivarian tradition, and also backed by solid principles and reasoning.

A supporter of Hugo Chavez cries as she holds pictures of Chavez and President Nicolas Maduro during a rally marking the fifth anniversary of Chavez's death, in Caracas, Venezuela, March 15, 2018. (AP/Fernando Llano)

CARACAS, VENEZUELA -- With U.S. sanctions suffocating the South American nation of Venezuela, incumbent President, and U.S. target, Nicolas Maduro is preparing for an election in late May that will likely result in his retaining his office. This is unfortunate for Washington, which has thrown its lot in via millions of dollars lavished on an

Be Sociable, Share!

Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

The coming introduction of a “petroyuan” marks one of the most significant bids to date by countries seeking to dump the U.S. “petrodollar.”

Visitors to an exhibit of art works that gives the illusion of being three dimensional pose near a scene showing late Chinese leader Mao Zedong with the Chinese yuan note and former U.S. President Abraham Lincoln with the U.S. dollar note in Beijing. (AP/Ng Han Guan)

BEIJING -- Wall Street is bracing for a potential shake-up as China is set to launch its first-ever crude oil futures contract late March at the Shanghai Futures Exchange. The move, which had been laid out in 2012 but faced delays over possible market turbulence, could represent a bold step forward in China’s rise as an economic superpower and

Be Sociable, Share!

De-Dollarization Continues: China, Iran to Eliminate Greenback from Bilateral Trade

De-dollarization for Beijing, Moscow and Tehran has become a strategic priority. Eliminating the unlimited spending capacity of the Fed and the American economy means limiting US imperialist expansion.

Iranian Foreign Minister Mohammad Javad Zarif, left, shakes hands with Chinese Foreign Minister Wang Yi after a joint press conference in Beijing, Dec. 5, 2016. (Greg Baker/AP)

The more Washington lashes out in anger at those who will not bow to the unipolar world order, the more the rest of the world fights back. As the launch of its Yuan/Gold-settled oil futures looms, China is escalating its de-dollarization scheme further by seeking a bilateral rial-yuan agreement with Iran. As a reminder, nothing lasts

Be Sociable, Share!

China’s Launches Plan To Challenge The Petrodollar: The Petroyuan

The establishment of China’s petroyuan will allow countries to limit their dependency on the U.S. dollar, and to circumvent U.S. sanctions.

In this picture taken March 15, 2012 show a Chinese woman poses for photos near a sculpture depicting the Chinese yuan note at an art district in Beijing, China. Premier Wen Jiabao, China's top economic official, says its state-owned banks are monopolies that must be broken up, acknowledging mounting economic and political pressure to reform an industry whose vast profits are fueling public anger. (AP Photo/Ng Han Guan)

Financial analysts are increasingly pointing out that China has some very grand plans when it comes to petroleum markets, and that if those plans succeed, the U.S. could see the dollar threatened as the top global currency. From CNBC on Tuesday: China is looking to make a major move against the dollar’s global dominance, and it may come as early

Be Sociable, Share!