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Write an article about: Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essence a...
ASEAN, Brazil, China, de-dollarization, Dilma Rousseff, dollar, gas, IMF, India, Indonesia, Kenya, LNG, Lula da Silva, Malaysia, NDB, New Development Bank, oil, petrodollar, renminbi, Russia, Saudi Arabia, UAE, World Bank, yuan
The global de-dollarization campaign is gaining momentum, as countries around the world seek alternatives to the hegemony of the US dollar. China, Russia, Brazil, India, ASEAN nations, Kenya, Saudi Arabia, and the UAE are now using local currencies in trade. (Se puede leer esta nota en español aquí.) The global de-dol...
Write an article about: Europe angry that US profits from Ukraine proxy war while destroying EU economy. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essence and context of the...
EU, Europe, European Union, gas, Joe Biden, LNG, Ukraine
EU leaders are furious that the US is making lots of money from the proxy war in Ukraine by selling weapons and exporting expensive natural gas. Meanwhile European industries are being destroyed as high energy prices and US subsidies push its companies to go overseas. (Se puede leer esta nota en español aquí.) Cracks ...
Write an article about: What is ‘socialism with Chinese characteristics’? Inside China’s economic model. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essence and context of the...
China, John Ross, neoliberalism, podcast, socialism
How does socialism with Chinese characteristics differ from Western neoliberal capitalism? Economist John Ross, who has taught in China, explains Beijing’s model. Multipolarista editor Benjamin Norton discussed China’s socialist model with economist John Ross, a senior fellow at the Chongyang Institute for Financial S...
Write an article about: BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essenc...
Brazil, BRICS, de-dollarization, Dilma Rousseff, dollar, inflation, interest, Lula da Silva, NDB, New Development Bank
The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members. The new president of the BRICS Bank has revealed that the Global South-led bloc is advancing ...
Write an article about: Economist Michael Hudson explains inflation crisis and Fed’s secretive $4.5 trillion bank bailout. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essence ...
banks, China, dollar, economics, Fed, Federal Reserve, gold, Michael Hudson, Russia, Wall Street
Economist Michael Hudson discusses the global inflation crisis and how the US Federal Reserve quietly (and apparently illegally) bailed out big banks in 2019 with $4.5 trillion of emergency repo loans Ben Norton interviewed economist Michael Hudson to discuss what is causing the global inflation crisis, and also how t...
Write an article about: Global 1% own 43% of financial assets, 5 richest billionaires doubled wealth while 5 billion workers got poorer. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflec...
Bernard Arnault, capitalism, Elon Musk, inequality, Jeff Bezos, Larry Ellison, neoliberalism, Oxfam, Warren Buffett
The world’s richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020, while 60% of humanity got poorer, according to a report by Oxfam. The world’s richest 1% own 43% of global financial assets, and the wealth of the top five billionaires has doubled since 2020,...
Write an article about: ‘Dollar suffered stunning collapse in 2022’: Share of global reserves fell to 47%, decreasing at 10 times rate. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect...
Bloomberg, dollar, Eurizon, Financial Times, IMF, International Monetary Fund, Joana Freire, Stephen Jen
“The dollar suffered a stunning collapse in 2022 in its market share as a reserve currency”, largely due to US sanctions, falling from 73% of reserves in 2001 to 47% in 2022, according to economist Stephen Jen. Countries in the Global South are seeking economic alternatives in a multipolar world. Major financial media...
Write an article about: US Congress plots to save dollar dominance amid global de-dollarization rebellion. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essence and context of t...
Blaine Luetkemeyer, Congress, Daniel McDowell, dollar, Marshall Billingslea, Michael Faulkender, Tyler Goodspeed, Young Kim
The US Congress held a hearing titled “Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency”, as countries around the world join the de-dollarization rebellion against Washington’s “exorbitant privilege”. The US Congress held a hearing to discuss the growing international movement towar...
Write an article about: US pressures Saudi Arabia to sell oil in dollars, not Chinese yuan, amid Israel negotiations. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essence and c...
China, dollar, Israel, Palestine, petrodollar, renminbi, Saudi Arabia, Wall Street Journal, yuan
As part of negotiations for Saudi Arabia to recognize Israel, the United States is demanding that Riyadh keep pricing its oil in dollars, not China’s renminbi or other currencies. The United States is negotiating behind the scenes with Saudi Arabia, pressuring the country to keep selling its oil in dollars. Washington...
Write an article about: Brazil and Argentina preparing new Latin American currency to ‘reduce reliance on US dollar’. Use the themes and topics represented by the tags provided as guidance for the content. It's not necessary to include the exact tag words in the article, but the article should reflect the essence and c...
Andrés Arauz, Argentina, Brazil, CELAC, dollar, Financial Times, Latin America, Lula da Silva, MERCOSUR, Sergio Massa, Sur, UNASUR
Brazil and Argentina are making plans for a Latin American currency called the Sur, to “boost regional trade and reduce reliance on the US dollar”. Lula had pledged it while running for president. The governments of Brazil and Argentina are making plans to create a new currency for Latin America, called the Sur (“sout...
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