Independent Alternative-News Aggregation
Source: TheLastAmericanVagabond.com
Recent viral reports claim the United States and Saudi Arabia have ended their long-standing petrodollar agreement. Are these claims based in fact? And what do recent agreements between the Saudi Kingdom and China mean for the U.S. dollar?
Continue reading “The Petro Dollar, China, and CBDC’s – Derrick Broze 6/21/24”
Source: Unz.com
BEN NORTON: Why does the United States so strongly support Israel?
In this video today, I’m going to be explaining the geopolitical and economic reasons why Israel is such an important part of U.S. foreign policy and Washington’s attempt to dominate not only the region of the Middle East, but really the entire world.
For this analysis today, I had the privilege of being joined by the economist Michael Hudson. I will bring him in later to provide further details about this topic. But first, I want to highlight some very important basic context to understand this relationship.
It is crucial to stress that Israel is an extension of U.S. geopolitical power in one of the most critically important regions of the world.
Continue reading “Why Does the US Support Israel? – Michael Hudson 11/13/23”
Source: APNews.com
Iran and Saudi Arabia were among six countries invited Thursday to join the BRICS bloc of developing economies in a move that showed signs of strengthening a China-Russia coalition as tensions with the West spiral higher.
The United Arab Emirates, Argentina, Egypt and Ethiopia were also set to enter BRICS from Jan. 1, 2024, joining current members Brazil, Russia, India, China and South Africa to make an 11-nation bloc….
Source: Antiwar.com
Individually, each step is a small step barely picked up by the news. But in recent weeks, the world has been vibrating with multipolarity.
Iran is a regional power that pursues a foreign policy that defies US hegemony and refuses to get in line with the unipolar world. Punishing that defiance is key to the US strategy to maintaining hegemony in the region. Key to that strategy is a coalition of states who oppose Iran. And the key to that coalition is Saudi Arabia.
Continue reading “As America’s Influence Wanes, China’s Grows – Ted Snider 7/6/23”
Source: MoonOfAlabama.org
Just ten weeks ago I was in awe. “This is huge!” I wrote about the surprising news of the restoration of ties between Saudi Arabia and Iran after mediation by China (and Russia).
With that it was obvious that the conflicts in Syria, Iraq and Yemen between Iran friendly and Saudi sponsored forces would be coming to an end. But no one predicted the speed with which that is now happening.
Continue reading “The Arabs Are Reunited And Israel Is Out – Moon Of Alabama 5/19/23”
Source: TheCradle.co
It is now established that the US dollar’s status as a global reserve currency is eroding. When corporate western media begins to attack the multipolar world’s de-dollarization narrative in earnest, you know the panic in Washington has fully set in.
The numbers: the dollar share of global reserves was 73 percent in 2001, 55 percent in 2021, and 47 percent in 2022. The key takeaway is that last year, the dollar share slid 10 times faster than the average in the past two decades.
Continue reading “De-Dollarization Kicks into High Gear- Pepe Escobar 4/27/23”
Source: TheGrayzone.com
At least two 9/11 hijackers had been recruited into a joint CIA-Saudi intelligence operation that was covered up at the highest level, according to an explosive new court filing.
Continue reading “Bombshell Filing: 9/11 Hijackers were CIA Recruits – Kit Klarenberg 4/18/23”
Source: NYTimes.com
The U.S. military on Wednesday repatriated a U.S.-educated Saudi engineer who had been held for more than 20 years at Guantánamo Bay under suspicion of having made bombs for Al Qaeda, but was never brought to trial.
Source: TheLastAmericanVagabond.com
Despite the hopeful comments of Saudi Arabia’s foreign minister, Prince Faisal bin Farhan Al Saud, at a World Economic Forum panel in Davos, the war in Yemen threatens to explode with violence at any moment after a long pause in hostilities. At the centre of prolonging the conflict are Britain and the US, both of which continue to back non-starter positions in backchannel talks to reach a new ceasefire.
Source: libertarianinstitute.org
A human rights monitoring group has released a new report finding at least 87 Yemeni civilians were killed with American or British weapons during a 14-month period. The Oxfam report reviewed 1,700 attacks on civilians and found Saudi Arabia used US or UK weapons in over a quarter of those incidents.
Source: BlacklistedNews.com
Thursday’s admission by former US National Security Advisor and notorious Iran-hawk John Bolton, that weapons are being provided to those carrying out the latest regime change attempt taking place against Tehran, should come as little surprise.
Source: LewRockwell.com
Over the past several months, the U.S. has poured billions of tax dollars into Ukraine, ostensibly to help Ukraine fight for freedom and preserve democracy. This despite the fact that Ukraine has long been deemed one of the most corrupt countries in the world, and the fact that no one knows where all this money is actually going. In short, the whole operation appears to be a cover for money laundering.
Source: TheEconomicCollapseBlog.com
The economic sanctions that have been imposed upon Russia have caused immense damage, but a loss of the petrodollar would be absolutely devastating for the U.S. economy. Since making an agreement with the Nixon administration in 1974, the Saudis have traded oil exclusively for U.S. dollars. Today, approximately 80 percent of all oil produced in the entire world is traded for dollars, and the “petrodollar” has become one of the foundational pillars of the current global financial system. Most Americans don’t realize this, but far more dollars are actually used outside of the United States than inside the United States, and having the reserve currency of the world is a massive advantage for us. Up to this point, there has been an insatiable demand for U.S. dollars all over the planet, and that has allowed us to enjoy a standard of living that is way above what we actually deserve.
Continue reading “Oh Great, Now We Could Lose The Petrodollar… – TheEconomicCollapseBlog 3/15/22”