By Gabriel Galípolo and Fernando Haddad The Brazilian former President – and candidate for the upcoming elections in October, Lula da Silva has proposed “to end the dependency on the US dollar and crate a South American common currency”. With this statement, Lula has supported a concept presented by Gabriel Galípolo and Fernando Haddad. Galípolo is former President of the ...
Will Washington drive the dollar’s worldwide power to the frontlines in its economic war against China? In other words, will the US use the financial sovereignty it has gained thanks to the dollar as the currency of exchange in the world as a weapon? Will it be able to afford to banish Chinese banks from the SWIFT system under its ...