De-Dollarization Drive: Why Iraq Has Decided to Abandon the US Dollar | Vantage with Palki Sharma In a bold move, Iraq has prohibited transactions in US dollars. This surprise announcement last week was an effort to stabilize the Iraqi Dinar. But increasingly, the US dollar’s dominance is being challenged in West Asia. Palki Sharma tells how the de-dollarization trend is catching on. [...]

US Banking Crisis: Two More Banks On the Brink of Collapse? | Vantage with Palki Sharma The US banking crisis is far from over. Regional banks suffered more losses and investors are pulling out money. Two more banks are on the brink of collapse. Is the US prepared? [...]

At first sight you may wonder what do Ursula Von der Leyen and McKinsey and Pfizer have in common? The answer is: Corruption. Utmost corruption. Madame Von der Leyen, unelected President of the European Commission (EC) has several corruption scandals on her neck. It was recently revealed that Madame von der Leyen’s son, David, had a “summer intern” stint at McKinsey, the giant US-based mana [...]

April 12th, UN spokesperson Dujarric announced that the UN was discussing the issue of Russia's banks being allowed to rejoin the SWIFT payment system. The SWIFT payment system is one of the most crucial financial infrastructures globally. In February 2022, the US and other Western countries issued a joint statement that excluded some Russian banks from the system. The War You Don't See traces th [...]

The Rise and Fall of Great Powers? America, China, and the Global Order. The costs of sustaining the US's new 'Empire' will become apparent to its public only when these costs directly accrue to them. This will happen, as this article suggests, only when (i) other nations stop subsidizing the US's imperial adventures by colluding in them and (ii) the dollar loses its role as the world's reserve cu [...]

Why the World Is Dumping the American Dollar | Vantage with Palki Sharma China and Brazil have struck a deal to trade in their local currencies instead of the US dollar. They joined a long list of countries including Saudi Arabia, Kenya, and India. Why is the world attempting to de-dollars? Palki Sharma decodes. In 3 days EVERYTHING changes for the US Dollar BRICS+ Announces NEW Currency To [...]

The International Criminal Court (ICC) has issued arrest warrants for President Vladimir Putin and his Children’s Rights commissioner, Maria Lvova-Belova, over the alleged “unlawful kidnapping of Ukrainian children’. According to the I.C.C: “there are reasonable grounds to believe that each suspect bears responsibility for the war crime of unlawful deportation of population and that of un [...]

"Credit Suisse is just the latest bank warning of structural collapse as the orchestrated financial slide continues. The Biden administration is saying it's not a bailout but what would you call it when the government steps in to pay off deposits? And why didn't the government save FTX depositors? BAILOUT Reveals RIGGED System Against Small Businesses Yellen WARNS Again! The U.s. Is In Econo [...]

In summary: In the Middle East, Saudi Arabia and Iran are two major countries in the region, and both national authorities practice Islam, but belong to different sects. Islam in Saudi Arabia belongs to the Sunni sect, while Islam in Iran belongs to the Shia sect. The two sects have been in a feud since ancient times, creating mutual hatred and distrust. [...]

On Friday, March 10, Silicon Valley Bank (SVB) collapsed and was taken over by federal regulators. SVB was the 16th largest bank in the country and its bankruptcy was the second largest in U.S. history, following Washington Mutual in 2008. Despite its size, SVB was not a “systemically important financial institution” (SIFI) as defined in the Dodd-Frank Act, which requires insolvent SIFIs to � [...]

President Joe Biden has said the US will do "whatever is needed" to shore up the banking system. This comes after two American banks collapsed in less than 48 hours. Is the US under threat of another major financial crisis? Palki Sharma tells you more. Sports presenter Gary Lineker will be back on air after the BBC pulled him last week for criticizing the country's new migration law. What is the c [...]

The establishment media and politicians would have us believe the Ukraine War is all about a plucky underdog repelling a bullying, much larger neighbor. In reality, it’s about much more than that – among other things, a key U.S. objective of this proxy war is to prevent Russia and Germany from aligning and creating a trans-European alliance that could challenge American economic hegemony acros [...]

Corporations, multinational investment banks, and the super-rich that hide behind them have launched the final stage this year of a ruthless war of a tiny few against the great majority of humanity. Although they pay off their puppets in the media to float happy tales of some happy resolution to the dire situation of the moment, they already know that the die is cast, that they are committed to [...]

Europe stares at recession: Euro hits 20-year low. Global recession fears: India emerges as the bright spot. China power crisis: Shanghai skyline goes dark. America’s student debt crisis: $1.6 trillion. Why are young people dying of heart attacks? [...]

Fox News host Tucker Carlson reacts to false reports Russian missiles hit Poland and gives his take on the FTX meltdown on 'Tucker Carlson Tonight.' 🎞 The FTX corruption is even worse than we thought The crypto exchange FTX collapsed last week, sending other crypto exchanges scrambling to assure their customers that they are not going to. But FTX was super fishy. Sam Bankman-Fried, [...]

The two nations have been promoting settlements in national currencies. The transition to trade in national currencies between Russia and China will contribute to a global de-dollarization process, China's Charge d'Affaires in Russia said this week at a conference on Russian-Chinese relations. [...]

This week Chinese energy representatives met by video with the Saudi Energy Minister and both sides expressed a strong desire to build a long, solid, and lasting cooperation in the energy sector. China is gradually taking over the US position in the Middle East energy system following the US-Saudi standoff. China and Saudi Arabia have already established a channel for oil settlement in RMB, and Ch [...]

U.S dollar is pegged to oil to become the world's only currency with a devaluation risk hedging function, but if all the countries in the Middle East are no longer using the dollar for oil settlement, the dollar's dominance will suffer an unprecedented impact, and may even end the era of dollar hegemony. On the 5th of October 2022, the Organization of the Petroleum Exporting Countries and i [...]

Governments are spending hundreds of billions of euros to ease the pain of high gas prices. It may not stop a deep recession. The economic damage from the shutdown of Russian gas flows is piling up fast in Europe and risks eventually eclipsing the impact of the global financial crisis. With a continent-wide recession now seemingly inevitable, harsh winter is coming for chemical producers, [...]