Brazil’s Luiz Inacio Lula da Silva has called on BRICS nations to create an alternative to replace the dollar in foreign trade. Other experts suggest President Joe Biden’s policies will destroy America’s middle class for good. The news comes when China and Russia strengthen ties with Brazil and Latin America. Brazil’s leader questioned the institution of the U.S. dollar as the world’s trade currency in the first place and asked why each country could not trade in its currency. This brings to the forefront the historical moment when the gold standard was abolished in favor of the current system. When President Richard Nixon moved to abolish the gold standard…

While European officials and individual members of the European political elite try, to the detriment of ordinary Europeans, to develop a mechanism that would allow EU members to block even Russian liquefied natural gas (LNG) supplies without imposing additional sanctions, Europe’s deepening gas and economic crisis…

I wonder just what per cent of the population even knows about Bretton Woods and its implications for the global system. What goes around comes around, and the US and its economic allies, under the guise of the IMF and World Bank, Bretton Woods Entities that emerged in the wake of World War Two, have long since become everything they claim to despise...

Okay, the message has become crystal clear now. The United States does not want Germany and the rest of Europe to become richer and prosperous anymore, powered by cheap Russian gas. It’s a thing, you know? Getting at the competition. Strangely, ironically, or one might even say comically, India will now become far richer and a lot more prosperous, powered...

It will hardly be a revelation for anyone that the United States, being historically the “stepchild” of Europe from where the mass-scale population of the New World began, has always manifested a jealous attitude towards their Alma Mater. This process has especially aggravated in the recent decades when America entered the path of severe competitive struggle...

Almost three years of political, economic and social problems and disastrous policies have transformed life in Lebanon, once known as the “Paris of the Middle East”, and this land of hope now looks like a textbook example of how not to run a state. In a cogent analysis, the Lebanese newspaper As-Safir blames the failures on a political system which is focused...

The main topic of recent publications in the European media has been the discussion of record gas prices. As a result, the population of the European Union countries is facing a real shock threat, and the European industry is approaching a critical point. Gas and electricity prices break new records every day, and some energy-intensive companies are shutting down production...