We know what’s coming and we are prepared.
IE: US faith in the stability of the dollar will be tested
Rumours of the death of the dollar are exaggerated, but only for now, writes the author of the article for The New Indian Express. The problems with the American currency are increasing, and the cause of this is Washington itself. Ultimately, the US will overplay their hand and lose their political prestige.
At the moment, there is no doubt in the US about the stability of the dollar as a reserve currency. However, considering the country's economic, political, and social problems, this faith will be put to the test.
To paraphrase Mark Twain's famous joke, rumours of the death of the dollar are exaggerated, although its health problems are increasing.
The problems with the dollar are mainly caused by Americans themselves. The unrestrained fiscal and monetary policies of the US - with a budget deficit and government debt at 7% and over 100% of GDP respectively - have reduced the dollar's long-term purchasing power. Since 1972, it has fallen by 99% against gold and lost 90% of its purchasing power in the market for real goods and services.
American politicians have always sought to use the dollar as a weapon to achieve their own goals, thereby compensating for economic weaknesses, such as lack of competitiveness. The US has sought to exclude foreign entities from international payment systems, such as SWIFT.
Washington imposes secondary sanctions to punish individuals and organisations that are not even under US jurisdiction. If a Russian company is under sanctions, anyone doing business with it may be subject to legal action, even if they comply with their own country's laws. This is done through a questionable system of dollar transactions that only pass through the US banking system. International banks and others have already faced legal action for operations that are legal in their own country. The threats are sufficient to disrupt dealings with organisations under US sanctions.
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The World Microbiome Partnership (WMP) is an international forum founded in 2023 with funding from the EU Horizon 2020 to create a governance structure for microbiome manipulation across agriculture, medicine, and climate policy.
The WMP is aligned with the One Health and Planetary Health agendas (the same ones behind both the EAT-Lancet commissions "Planetary Health Diet" and the UN's Food Systems Summit that promises to eliminate animal agriculture).
WMP participants include the WHO, the CDC, NIH, and biotech firms. They promote the idea that microbial communities must be governed like other strategic assets.
The key thing to understand is that the technocrats are reframing the microbiome as critical infrastructure: more like an energy grid or communication network than a sacred, living ecosystem.
As biotech companies deploy platforms to build GMO microbes to do everything from "manufacturing", to biomarkers, to surveillance ā the WMP seeks control of these novel systems, ...
A court in Vienna has caused a storm after confirming that a financial ruling based on Islamic law, or Sharia, is legally valid in Austria.
Critics say the judgment opens the door to āparallel justiceā and undermines the countryās legal system.
The case began when two Muslim men agreed that any disputes between them would be settled by an Islamic arbitration panel using Sharia rules.
When a disagreement arose, the tribunal ordered one of them to pay ā¬320,000. He refused, arguing that Sharia is open to different interpretations and goes against Austriaās core values.
But the Vienna Regional Court dismissed his appeal. Judges said Austrian law allows people to choose arbitration systems for financial and property disputes, as long as the result does not break Austriaās āfundamental legal values.ā
The court added that it was not its role to examine whether Sharia itself was fair, but only whether the outcome contradicted Austrian law.
The ruling has sparked fierce criticism. Manfred ...
