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.
Be interesting to see what happens at the BRICS meeting on Aug 22. The results may give us a clearer indication of Saudi intentions.
What is Biden offering in exchange for this? What is he threatening?
A modern economy circulating products and services throughout the world doesn’t need money or sovereign countries (national currencies) to be successful. Today, we’ve the scientific knowledge and technological skills to convert our natural and artificial resources into daily life-sustaining deliverables: food, housing, education, healthcare, infrastructure, and employment demands. What we lack is unity, a global framework built upon fair and humane laws and safe and healthy industrial practices. I hypothesize that humanity can end poverty and reduce pollution by abandoning wealth and property rights, and instead adopt and implement an advanced resource management system that can provide “universal protections for all”. Replacing customary political competition altogether, this type of approach, which I named facts-based representation, allows us a better way to govern ourselves and our communities, basing policy and decision making on the latest information, in turn improving the everyday outcomes impacting our personal and professional lives.
This is what is now on the table - The Collapse of US Global Influence, read military power.
Washington's Ukraina Grandioznaya Skhema.
The Graveyard of This Empire - https://les7eb.substack.com/p/washingtons-ukraina-grandioznaya
WTFlip❓Was in the middle of responding to your BRICS Expansion Report from South Africa, when UT Blocked me w/an ERROR notice. Then the vid was gone and the most recent vid was 10 days ago❓
Great talk. I can understand why most countries want to de-dollarize, but what about those countries (the collective 'West', the one's who benefit most from american imperialism) who appear to be supporting the usa? Are their economies so invested and bound up with the dollar that their economies would tank under de-dollarization? Is this how we might understand Finland and Sweden wanting to join nato, that is, to pick a side depending on whether de-dollarization would benefit or dis-beneit their economies?
Clear and succinct statement of the issue and yet something most Americans have no idea about.
How is this going to end? It is a tragedy of the whole world!