Geopolitical developments affect the global economy in real time and the US no longer has the power to deal with the consequences of the crises it causes. We are already in a new era and the war with Iran is probably the last one that America makes as a superpower. Although the stock market has …
Tag: petrodollar
Iran will abolish the Petrodollar and replace it with the Petroyuan
The dollar’s hegemony, which for decades was protected by the dominance of the “petrodollar,” is now facing an existential threat that cannot be questioned. Indeed, the escalating conflict with Iran is not just a regional dispute, but the catalyst that triggers the dissolution of the historic 1974 agreement. With the cracks in the Middle Eastern …
New world order is coming with Cryptocurrencies, Gold and BRICS
More and more are sounding the alarm about the exploding US national debt, now approaching $35 trillion, or 120% of GDP. Interest payments have become the biggest burden on the national budget, followed by defense spending and transfer payments. In early June, former US House Speaker Paul Ryan proposed that the US government accept stablecoins, …