The United States is increasingly becoming dollarized. That’s because, for decades now, those at the bottom have been left behind, forced to attempt to get by in ever more precarious conditions.
Subjects Archives: Empire
Global de-dollarization spells jolts and crises for U.S. economy
The Trump administration’s bellicosity has combined with the volatility of the global economy to sharply accelerate what has become an international movement: ditching the dollar as the world’s reserve currency.
Colonialism 2.0 in Latin America and the Caribbean
Once the internet became the world’s central nervous system, the U.S. borders were extended across the planet.
Venezuelanalysis: official statement on facebook’s removal of our page
Venezuelanalysis is the only independent English language website covering news and analysis on Venezuela from a progressive perspective & which platforms leftist grassroots voices. It is run by committed journalists, authors and academics & praised by renowned journalists and intellectuals such as Noam Chomsky, John Pilger, Marta Harnecker and Oliver Stone.
Why Russia is growing gold reserves to record levels
According to Russian Central Bank figures, Russia’s total gold reserves amounted to 1,944 tons as of June 2018, with the regulator pointing to a steady rise in holdings of the precious metal over the last decade (total gold reserves amounted to less than 500 tons in 2008). In the same period, the share of gold in Russia’s total reserves grew from just 2.5 percent to over 17 percent.
Liberalism and empire
Paul Krugman had a column a few weeks ago called “Fall of the American Empire” about Donald Trump’s repudiation of “the values that actually made America great.” It is worth analyzing, because it is amusing and illustrative.
Canadian government to buy disastrous oil pipeline to ensure it gets built
CANADA’S federal government said today it is buying a controversial pipeline from the Alberta oil sands to the Pacific coast to ensure it gets built.
Maduro is re-elected in a show of popular resistance
The May 20, 2018 elections in Venezuela were a victory for the popular sectors and a defeat for the U.S. backed opposition, the Democratic Unity Roundtable (MUD).
“Bloody Gina,” the CIA, and the Senate
Why Gina Haspel’s confirmation hearing was a democratic farce.
Dangers and divisions
A Donald-Bibi drama is being staged; each is playing his part on cue. Only days after Netanyahu’s press conference attack on Iran, Trump tore up the U.S. copy of the Iran nuclear agreement.
Kim Jong-un restates his commitment to denuclearization. But will U.S. make way?
With the acceptance of Chinese President Xi Jinping’s invitation, North Korean leader Kim Jong-un visited China from the 25th of this month to the 28th, for the first time since assuming office in 2011. Timed just before Kim’s meeting with the South Korean President Moon Jae-in the next month, followed by a summit with U.S […]
Google and corporate news giants forge alliance to defeat independent journalism
The “new media” monopolists of Silicon Valley and the once-dominant traditional print media have clearly agreed that the “fake news” frenzy is a convenient pretext to step up their censorship of the internet through new algorithms, allowing them to boost their profit margins and silence opposition through a new framework of “algorithmic censorship.”
Is another world possible?
On Reality Asserts Itself, Prof. Leo Panitch says it’s a dilemma that the gradualism of European social-democracy and attempts at a more radical transformation have so far both failed; Panitch says a first step towards democratizing the economy is to make finance a public utility – with host Paul Jay
Nervous about Russia
Two weeks ago in Salisbury, less than 10 kilometres from the UK’s Porton Down chemical weapons establishment, a Russian and his daughter appear to have been poisoned. Sergei Skripal was a former Russian military intelligence officer who acted as a spy for the UK’s MI6.
The March 2018 Italian elections: suicide of the left, resurgence of fascism, and chaos
The March 2018 Italian elections open a chaotic period the outcome of which remains uncertain. Only a few years ago, the country was among the most “Euro-phile.” Now, the population is “Euro-skeptic” at level of 50% or more.
