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Showing posts with the label de-dollarization

A historical turning point has just occurred ... and it is not the Trump assassination attempt

globinfo freexchange   The biggest crime of our century, that is, the genocide of Palestinians by the Zionists has been almost forgotten. And while everyone is distracted by the war in Ukraine and the assassination attempt against Donald Trump, a development of historic proportions took place. The development either escaped from the corporate media radars in the West, or, deliberately ignored.   The integration of Russia's and India's payment systems marks the definite rejection of the Western SWIFT system, dominated by the US dollar, and the complete detachment of BRICS from this system.   As Kitco News reported recently:   The trend of de-dollarization continues to gain traction despite many analysts saying the threat is overblown as India and Russia have announced a new partnership that will see their respective payment systems – India’s RuPay and Russia’s MIR – integrated to allow for seamless cross-border transactions without the need for U.S. dollar...

March 23, 2022: The day Dollar domination ended ... for good

globinfo freexchange   It's quite remarkable that the West didn't see this coming. It was stupid enough to insist on unproductive sanctions against countries who would not surrender to its corporate colonialism. West's elites didn't realize that the reckless over-usage of sanctions as a tool for political pressure would one day become ineffective in causing the desirable regime change in any country-target. And that this reckless policy, would instead overheat the dollar-domination machine, accelerating the de-dollarization process in the targeted countries and elsewhere. The war in Ukraine and West's sanction-driven typical response against Russia, would only accelerate the de-dollarization process. That is, the attempt of the Sino-Russian bloc to decouple national economies from the declining neoliberal economic system of the West and make this new separate system attractive to other developing nations - several of which also suffer from long-term Western sanctio...