On functions, history, weakness, and reasons of the decline of the currency. By Hakan Topkurulu Today, the foundation of the world economic system is the Atlantic system headed by the USA. The other countries at the top of this system are Italy, Spain, the Netherlands, Belgium, and other western European countries led by Germany and France, as well as the ...
A very important development is taking place to overcome the pessimism of those who have pinned their hopes on the US. The establishment of a fairer world order is no longer a possibility but is becoming a reality step by step. A wave of rebellion is rising that will destroy the eighty-year reign of the Dollar in world trade. The throne ...
By Michael Roberts * Bank stock prices have stabilized at the start of last week. And all the key officials at the Federal Reserve, the US Treasury and the European Central Bank are reassuring investors that the crisis is over. Last week, Fed Chair Jerome Powell called the U.S. banking system “strong and resilient” and there was no risk of a banking ...
Over the weekend, the military aspect of current global block confrontation became visible one again: Western nations gathered in the American military base in Ramstein, Germany, to negotiate further arms deliveries to Ukraine. Some 9.000 kilometers to the south, in Durban and Richards Bay, the navies of South Africa, China and Russia gathered for a joint naval exercise. The maneuvers, ...
By Ana Dagorret * Russia’s military operation in Ukraine triggered a series of measures by Western governments seeking to isolate and weaken Russia. The decision to impose economic sanctions and blockades as a way of putting pressure to stop the operation, in addition to the freezing of about 50% of the reserves that Russia has in other countries, hit the ...
The political situation in Afghanistan continues to be one of the hot topics of the international political agenda. Due to its geographical location, Pakistan is one of the countries that is most closely following the developments in Afghanistan. We talked about the latest developments in Afghanistan, Pakistan’s policies in the global political arena and Turkey-Pakistan relations with H.E. Muhammad Syrus ...
The US economy is showing signs of crisis, while the US government continues to use economic sanctions as a tool of diplomacy. The combination of the two factors deepens the global mistrust towards the US-Dollar and leads actors to search for alternatives. Russian President Vladimir Putin spoke on this development to Hadley Gamble from CNBC. Below UWI documents Putin’s views ...