Tag Archives: Petrodollar

Venezuela, Maduro, the Dollar, and What This Is Really About

Over the past few weeks, the United States has intervened militarily in Venezuela, removed its sitting president, and announced that it will oversee the country’s future administration and economic direction. The action has been justified publicly using a familiar mix of arguments: alleged election fraud, drug trafficking, terrorism, and national security.

Those claims have been repeated widely, often without scrutiny. They are not new, and they are not unique to Venezuela. Similar language has accompanied US interventions for decades, from Latin America to the Middle East.

This article looks at what sits beneath those justifications.… Click here to continue reading this article

De-dollarisation: Russia and Saudi Arabia Continue to Ditch the Dollar

De-dollarisation is something I have been writing about for a long time. Two recent events are another nail in the coffin for the dollar, and by extension, US hegemony.

The first event was Russia’s main stock exchange halting the dollar and euro trades. The second is Saudi Arabia not renewing the Petrodollar Agreement. Let’s delve into this a bit more.

De-dollarisation, the process of reducing reliance on the US dollar in international trade and finance, can have significant implications for the US economy and global financial stability. Two recent events underscore this trend and offer insight into the potential future of the US dollar and its influence on global markets.… Click here to continue reading this article