In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘end of dollar as global reserve currency’

Saudi Arabia gets a friend in need – Russia

Posted by seumasach on October 24, 2018

M.K.Bhadrakumar

Indian Punchline

22nd October, 2018

It goes without saying that oil has been central to military power and economic life in modern history. Control of oil has been a key source of power and policy in the Cold War. There was even a top-secret US government plan to ravage the Middle East oil industry in the event of the former Soviet Union gaining control of it. The CIA called it the “denial policy”. It was hatched in 1948 during the Berlin Blockade – whereby, oil wells would be plugged, equipment and fuel stockpiles destroyed, refineries and pipelines disabled to ensure that the USSR never got hold of the Middle East’s oil resources.

Read more

Posted in Currency Wars | Tagged: , , | Leave a Comment »

Iran sanctions, emerging markets and the end of dollar dominance

Posted by seumasach on August 30, 2018

Brandon Smith

Birch Gold

The trade war is a rather strange and bewildering affair if you do not understand the underlying goal behind it. If you think that the goal is to balance the trade deficit and provide a more amicable deal for U.S. producers on the global market, then you are probably finding yourself either confused, or operating on blind faith that the details will work themselves out.

Read more

Posted in Currency Wars | Tagged: , , , , , , | Leave a Comment »

 
%d bloggers like this: