Americas

Brazil’s Luiz Inacio Lula da Silva has called on BRICS nations to create an alternative to replace the dollar in foreign trade. Other experts suggest President Joe Biden’s policies will destroy America’s middle class for good. The news comes when China and Russia strengthen ties with Brazil and Latin America. Brazil’s leader questioned the institution of the U.S. dollar as the world’s trade currency in the first place and asked why each country could not trade in its currency. This brings to the forefront the historical moment when the gold standard was abolished in favor of the current system. When President Richard Nixon moved to abolish the gold standard…

Janet Yellen, the American Treasury Secretary, or Finance Minister, took the US hostility and threat against China to a new level in a speech on April 20 at Johns Hopkins University.  In a speech laced with colonialist attitudes and arrogance she talked as if the USA was emperor of the world and China was a rebellious vassal, a speech, despite her rhetoric of seeking ‘constructive” economic ties, that can only destroy any chance of that succeeding. To read her speech is to understand the mafia mind set of the American leadership for she spoke as if she were the lieutenant of a mafia don threatening to break someone’s legs for not obeying his criminal demands…

When the Trump administration announced a policy suggesting a “decoupling” from China in the sense that the world’s two biggest economies will no longer do business together, his idea was to turn “America into the manufacturing superpower of the world, consequently ending its “reliance on China once and for all.” This was thought to be crucial for maintaining the US hegemony in the world in the face of proactive attempts by China – and Russia – to shift the global political and economic system towards multipolarity. In forming this policy, policymakers in Washington…