Tag Archives: dollar

The trend of cutting dependence on the US dollar is gaining steam across the globe

Cutting dependence on the US dollar: cutting dependence on the US dollar and switching to national means of payment in international settlements is gaining steam, SputnikGlobe

  As the dollar declines, so does Washington’s power. Cutting dependence on the US dollar: The De-Dollarization discussion suffers from holdover thinking that a reserve currency is needed.  No reserve currency is needed.  Countries can settle their trade balances in their own currencies or contracts can specify the currencies of trade transactions.   Countries with low inflation and low debt will have stronger …

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The Global Financial Revolution and the End of the PetroDollar hegemony

The Global Financial Revolution and the End of the PetroDollar hegemony

  No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean? Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United States.” Foreign governments, needing …

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Digital Currency: Big Brother will be in your wallet every hour and every day

Digital Currency: Big Brother will be in your wallet every hour or every day. WashingtonNote.

  Digital Currency: The new digital currency will make trackable every transfer of money to family, charities, friends, clients. The nation’s central banks who issue the virtual money will have total control over how you spend it. Big Brother will, in other words, control your wallet every hour of every day.  “You will not be able to buy a stick …

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The American De-Industrialization and Poverty

Biden implements Communist Centralized Power: Biden Executive Order implements Communist Centralized Power to Rule the Bureaucracy Staggering 40 % believes Biden suffers from dementia, cognitive ailment, turning senile, People

  Herland Report: The American De-Industrialization: As I recently wrote, the US no longer has an economy.  America is a market for goods produced offshore with foreign labor that US global corporations sell to Americans.   The US which once produced its own manufactured goods and food now imports much of it.  The result is that fewer and fewer American incomes are based …

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The United States Could Easily Lose the New Cold War

The United States Could Easily Lose: Geneva 2021: Reuters

  Herland Report: The United States Could Easily Lose: Since the United States seems serious about confronting China in an extended contest for global supremacy, it had better start getting its own house in order. Other countries will not want to ally themselves with a power that rests on increasingly uncertain economic, social, and political foundations. In seeking the world’s …

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Covid and the Ukraine war spells the death of Hyper Globalism

Hyper Globalism is over: Ammo

  Herland Report: Hyper Globalism is over: The post-1990s era of hyper-globalization is now commonly acknowledged to have come to an end. The COVID-19 pandemic and Russia’s war against Ukraine have relegated global markets to a secondary and at best supporting role behind national objectives – in particular, public health and national security. But all the talk about deglobalization should …

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Europe: The slave of America – WND

Europe, slave of America: Western sanctions hurt the West: Getty

  Herland Report: Europe, slave of America: The war in Ukraine has made it dreadfully clear that Europe has lost its independence and solely functions as a servant of American interests. European politicians are simply not working for the best interests of Europe. Rather, they are scrambling desperately to implement sanctions that weaken their own economies and make Russia filthy …

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