Tag Archives: petrodollar

  Washington’s weaponization of the dollar makes the world abandon the dollar: The Federal Reserve’s higher interest rates after 12 years of zero interest rates are devaluing the asset side of banks’ balance sheets.  Dollar System Breaking Up: This frightens depositors and they withdraw their deposits.  Depositors also are withdrawing their money because they can get much higher interest rates on …

  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 …

  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 …

  Herland Report: Financial Collapse: Financial experts and insiders have, for well over a decade, warned that a collapse of the U.S. currency is a mathematical inevitability, and this collapse will have global ramifications, as the dollar is the world’s reserve currency. U.S. inflation is currently at 8.3%, but in some markets, it’s in the double digits. Used car sales, …

  Herland Report: The Western New World Order: Clearly, America is not leading the “green” new world order, and Biden seems to have no meaningful plan for how to get us there other than radical disruptions to our lifestyle and a heightened reliance on China. When it comes to oil and gas, it seems Biden’s new world order would continue …

  Herland Report: A Saudi-Iran alliance: Since President Joe Biden took office, the United States has attempted to engage in negotiations with Iran to restore the secret agreement it signed under President Barack Obama on the sidelines of the Iranian nuclear negotiations. Let us remember that the 5+1 negotiations (the five members of the Security Council + Germany) with Iran began …