India Pays for Russian Oil with Emirati Dirhams Instead of US Dollars
Bye Bye Petro$. Sad, but it has to happen. Other nations should not have to pay the US (skimming off revenue) for the “privilege” of using the US dollar in…
US Dollar Status as Reserve Currency in Jeopardy, Doctor Doom Says
My new @FT oped on gradual de-dollarization: A bipolar currency regime will replace the dollar’s exorbitant privilege. The greenback is bound sooner or later to feel the effects of intensifying…
Saudi Energy Minister Says US Orchestrated Sanctions to Cause Energy Shortages
Saudi Energy Minister Prince Abdulaziz bin Salman Al-Saud. The US set these sanctions up and used their control over Europe to force them to get on board. Meanwhile, Europe is…
Useless Sanctions: Russian Industrial Production of 2022 Similar to 2021
#BREAKING EU wants new Russia sanctions ready Feb 24, war’s anniversary: von der Leyen pic.twitter.com/y5d25AGQbt — AFP News Agency (@AFP) February 2, 2023 These sanctions have actually helped Russia. You…
America Facing Serious Economic Risks as More Countries Move Away from Dollar
Previously: Saudi Arabia Confirms They Will be Trading in Non-US Dollar Currencies! Total End of US Dominance! Paul Craig Roberts! He’s still alive! And he’s still right! RT: The US…
Germany Tells People “Manageable” Economic Collapse Could Have Been Worse
From @Breakingviews: Chancellor Olaf Scholz thinks that Germany will not tip into recession this year. But he still should rethink his country’s export-driven economic model, argues @pierrebri pic.twitter.com/B2rWb3gzYP — Reuters…
EU Announces Ability to Steal Russian Central Bank Assets
Europe will be seen as a thief and as unreliable thief in major parts of the world. — Mark Jaspers (@MarxhasgotheUSD) January 27, 2023 It’s important to remember that throughout…
Russian Gas Project to Double Revenue in 2023 Compared to Pre-Sanctions Era
Russia is making money off of these sanctions. They’ve boosted the Russian economy while harming their competitors. RT: The Sakhalin-2 liquefied natural gas (LNG) project is expected to generate twice…
Russia Keeps Increasing Oil Exports to China and India
We need to give Russia credit. They’ve won the economic war. The shooting war is whatever – it matters a lot less anyway. But they’re winning that too. RT: Exports…
Russia and Iran Expanding Trade Using National Currencies
Those sanctions really got ’em! The petrodollar is going to end and basically collapse the American empire, but at least we did our values and supported a rules-based order. RT:…