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.
#3
💥 Our channel: Node of Time EN
Azerbaijan: This Turkish country has destroyed more Christian monuments than ISIS.
Based off satellite data, Azerbaijan erased 108 Armenian monasteries, churches and cemeteries - in just one region.
By comparison, ISIS destroyed dozens of churches.
How is this okay?
@NoAgendaLara
UPDATE: Outrage erupts as there has been a SURGE in Islamists ATTACKING and vandalizing Japanese shrines
Security footage shows people wearing HIJABS storming up and unleashing on the Soya Shrine in Hadano City
🇺🇸Join👉 @SGTnewsNetwork
📎 X (Twitter)▪️Truth Social
American wages are not keeping up with inflation.
US average hourly earnings adjusted for inflation fell -0.3% YoY in September, marking the 5th consecutive decline in real wages.
This follows a -0.2% YoY decrease in August, -0.3% in July, and -0.8% in June, the largest decline since May 2023.
This marks a sharp deterioration from +1.3% YoY growth in real wages recorded in February.
This all comes as US CPI inflation has remained above +3.0% for 6 consecutive months, the longest such streak since mid-2024.
Meanwhile, in nominal terms, average hourly earnings rose +3.0% YoY in September, their slowest growth since May 2021.
Nominal wage growth has been in a downtrend since March 2025, when earnings grew +4.2% YoY.
Inflation is eroding the spending power of Americans.
(@TheKobeissiLetter)
🦠 🇷🇺 🇺🇸 US closely monitoring case of lab worker who ‘possibly’ died of plague in Siberia, says Rubio
Darya Shipilova, a 28-year-old employee at the anti-plague institute in the city of Irkutsk, became ill at work. She died two days later on the night of 2 October at a regional hospital in the nearby town of Shelekhov.
It remains unclear how she became unwell. Unconfirmed reports in Russian media have suggested Shipilova may have been infected after a mishap at the laboratory. Officials have not publicly confirmed that account.
Local media have reported that the institute has subsequently been locked down, with staff forced to sleep on the floor and on chairs. “They’ve been isolating everybody since Friday – more than 60 people,” one relative, Roman, told the news portal Siberia.Realities.
He said family members were allowed to drop off food at a checkpoint while tests were carried out inside the building. Similar quarantine restrictions have been placed on several ...
ELLIOT PAGE FEATURED ON NEW YORK MAGAZINE’S FIRST MEN’S STYLE ISSUE
Transgender actor Elliot Page is among the cover stars of New York Magazine’s first-ever issue dedicated entirely to men’s style. The magazine says the special issue explores men’s fashion after decades of covering the subject, with a debut photo shoot featuring male stars wearing “some fashion, but hardly any.”
🇺🇸Join👉 @SGTnewsNetwork
📎 X (Twitter)▪️Truth Social