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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Global fertilizer prices are rising: 25% of nitrogen trade flows through the Strait of Hormuz. Its closure has seen Urea prices jump 15% in just the last days.
This comes just in time for Spring planting, meaning farmers (who are already going bankrupt at a record pace) will literally have to give up the farm, accelerating consolidation into the hands of technocrats like Gates (already the #1 individual holder of US farmland).
And, of course, it translates to higher food prices. Factor in also the cost of fuel for farm operations and product transport...and this is a full-chain gut punch for food security.
Grow those gardens!
🇺🇸🇮🇷🇮🇱⚡️- "When the highly trained, loyal bodyguards and drivers of senior Iranian officials came to work near Pasteur Street in Tehran — where Ayatollah Ali Khamenei was killed in an Israeli air strike on Saturday — the Israelis were watching.
Nearly all the traffic cameras in Tehran had been hacked for years, their images encrypted and transmitted to servers in Tel Aviv and southern Israel.
In this instance, according to two people familiar with the matter, Israeli intelligence had information from signals intelligence, such as the hacked traffic cameras and deeply penetrated mobile phone networks. One of the people said it showed that the meeting with Khamenei was on schedule, with senior officials heading to the location.
But the Americans had something even more concrete — a human source, both people familiar with the situation said. The CIA declined to comment." - The Financial Times, quoting more than half a dozen current and former Israeli intelligence officials.
🇺🇸🇮🇷🇮🇱 - WAR IN IRAN | DAY 3
Both sides continue to launch strikes, with Iranian ballistic missile usage noticeably declining, while drone attacks stay stable. The amount of Iranian impacts against gulf states has largely stayed the same, while US Israeli strikes are continuing on pace, or even increasing.
🇮🇷🇮🇱- 1584 red alerts have been issued in Israel since the start of this war, in comparison with 1430 alerts for the whole of the 12 day war.
🇺🇸🇰🇼- Kuwait obtained the first air kill of the war, downing 3 friendly american F-15E's in a friendly fire incident, with all pilots surviving.
🇮🇷- Iran has continued its campaign to block the Strait of Hormuz , attacking its 6th ship and virtually halting traffic in the region.
🇶🇦🇮🇷- Qatar announced the downing of two Iranian Su-24 tactical bombers, marking the first offensive move against Iran outside Israel or the United States.
🇺🇸🇮🇷- President Trump and Secretary of Defence Pete Hegseth have both ...
