Dollar Hegemony

From Bad to Worse: Tariffs on Chinese Green Tech Cause Massive Treasuries Dump

June 4, 2024 UNAC Editor China, Economic Blockade, Economics, US Government Action

by Eve Ottenberg, published on Counterpunch, May 21, 2024 So, after egregious theft of foreign reserves and promiscuous abuse of sanctions, Joe “Not the Climate President” Biden slapped huge tariffs on Chinese green tech and guess what? Beijing turned around May 18 and dumped $53 billion-worth of U.S. Treasuries for gold. Are alarm bells going off in federal financial centers[…]

Taiwan—A Pawn for U.S. War on China

April 30, 2023 UNAC Editor Asia Pivot, China, Taiwan

by Sara Flounders, published in CovertAction Magazine, April 27, 2023 While the U.S.-NATO war against Russia in Ukraine continues unabated, the U.S. is preparing at breakneck speed for war with China, using Taiwan as the excuse. Taiwan, like Ukraine, is a pawn. The military and economic threats on both China and Russia are a desperate bid to quash the emergence[…]

Peter Scott Interviews Michael Hudson on the Devastating Affects of U.S. Economic Warfare on U.S. Hegemony

May 23, 2022 UNAC Editor Abuses of Empire, Economics, Europe, Russia, Sanctions and Economic Warfare

by Peter Scott and Michael Hudson, published on The Saker of the Vinyard, May 21, 2022 Peter Scott, RT anchor: Joining us now is Michael Hudson, economist and author of “Super-Imperialism” and the recently-published “Destiny of Civilization”. Welcome to the programme, Michael. Michael Hudson: It’s good to be back. PS: Let’s say all these European programmes like the REPOWER Programme[…]

The American Empire Self Destructs

March 10, 2022 UNAC Editor Economics, Global Economics, Sanctions and Economic Warfare

by Michael Hudson, published on Michael-Hudson.com, March 6, 2022 Not everyone will get this but it is an interesting angle of the US Unilateral Coercive Measures, and especially sanctions on Russia. If the US goal in this proxy war is to keep EU energy customers for itself, it has surely overreached and Russia will not pay alone. This is a[…]

Modern Monetary Theory (MMT) and the Power of the US Dollar in the World Economy, P1

September 18, 2020 UNAC Editor Austerity, Capitalism, Economics, Imperialism

by Stansfield Smith, published on the Orinoco Tribune, September 14. 2020 A primer on US Hegemony and the global economy. Part 2 is HERE Modern Monetary Theory (MMT) has become popularized by some of the liberal-left because it offers an explanation how to achieve full employment, national health insurance, free college education, and the Green New Deal without raising taxes. Political[…]

Why the US Can Keep Increasing its Debt and not Suffer Inflation, P2

September 18, 2020 UNAC Editor Austerity, Capitalism, Economics, Global Economics, Imperialism

by Stansfield Smith, published on the Orinoco Tribune, September 15, 2020 A primer on US Hegemony and the global economy. Part 1 is HERE The US Still Dominates the World Economy The US ruling class has dominated the planet since the end of World War II. Key elements of this control include its military superiority in nuclear and conventional weapons,[…]

The World is DeDollarizing

July 20, 2019 UNAC Editor Ending War, Global Economics, Imperial Wars

By Peter Koenig, published on Global Research, July 19, 2019 What if tomorrow nobody but the United States would use the US-dollar? Every country, or society would use their own currency for internal and international trade, their own economy-based, non-fiat currency. It could be traditional currencies or new government controlled crypto-currencies, but a country’s own sovereign money. No longer the[…]

Venezuela – A Risk to Dollar Hegemony – Key Purpose Behind “Regime Change”

May 21, 2019 UNAC Editor Socio-Economic Struggles, Soft Power Imperialism, Venezuela

by Peter Koenig, Published on Countercurrents, May 9, 2019 After the new coup attempt – or propaganda coup – Venezuela lives in a state of foreign imposed insecurity. The failed coup was executed on 30 April by Juan Guaidó, the self-proclaimed and Washington-trained and endorsed “interim President”, and the opposition leader, Leopoldo López, who was hurriedly freed from house arrest[…]