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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🇮🇷❌👑👑❗️ — Videos coming out of Iran, after the Internet ban, share some of the most gruesome and terrific images so far in this protest season
At least 10 protesters in Fardis, Karaj area of Alborz province of Iran, West of Tehran, were reportedly killed by Islamic Revolutionary Guard Corps (IRGC) Troops under orders of the Islamic Republic Regime in Iran.
According to reports from netizens via Musk's Starlink, dozens of other deaths are being reported as having occurred in other locations on Iranian soil.
In one of the videos, it's possible hear in Persian/Farsi:
"Right in front of Fardis Police Station No. 11, a Toyota was pulled up and sprayed with gunfire.
People were mowed down with heavy weapons, machine-gun fire, indiscriminately."
🇻🇪 Call of Duty: Ghosts, PC Game, was released 12 years ago when Venzuela Maduro started his Presidency.
🇺🇸 In the game, US Military raid Venezuela at night and capture the Venezuelan Dictator.
In the game, it says this Event happens in the Year 2026.
I don't understand why so many people are bewildered by Trump going for Venezuela and Greenland and Canada and Cuba and Mexico and Colombia, etc.
This has literally been the plot of the elites for the better part of a century.
Orwell wrote about it in 1949 as "Oceania".
1930s Technocracy Incorporated (scientific dictatorship), of which Elon Musk's grandfather was a member, planned for a supranational (globalist) EU-style American Technate (North American Union).
They likely first created the EU as the prototype given the opportunity they had in the aftermath of WWII. It is a known fact that the CIA and US State Department (alongside European globalist networks) financed 50+% of European integration.
Is it any mystery then, the Borg-like project to replicate the model to the rest of the planet? The EU is financing and advising policy and standards for the African Union and Southeast Asian Union and South American Union (e.g. UNASUR). Putin is also promoting the Eurasian Union.
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