Florida GOP Senator Marco Rubio took note of the announcement that a number of nations around the globe, including some very powerful ones, are planning to go off the petrodollar and use other currencies as international mediums of exchange. If that happens, Rubio observes, the United States will lose virtually all its ability to threaten and otherwise terrorize “rogue” states with economic sanctions.
Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny
globinfo freexchange Does Trump know what he is doing? Well, yes and no. While many interpretate his latest move, mostly as an attempt to halt China, his main goal is to give the final blow to the neoliberal order on behalf of his oligarchs . From this perspective, Trump's unprecedented decision to decide mass tariffs against almost everyone, was an act of strategic hit against the global free market neoliberalism, with the financial capital at its top. And that's because this dominant-for-almost-half-century system, identifies restrictions and protectionism as major threats against its own existence. In other words, Trump acted as a commander of the capitalist faction that wants to beat its neoliberal rivals and put itself in charge, through a new transformation of capitalism into a 21st century corporate feudalism. Concerning China, Trump's move may have some negative impact on its economy for a while, since China has chosen to partially play by the rule...
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