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War and the US Dollar

Although many funerals have been held for the US dollar, still it lives on. On the eve of the collapse of the Bretton Woods currency system, the dollar made up almost 80% of global foreign-exchange reserves (in 1970 it totaled 77.2%, and in 1972 - 78.6%). Then, after the transition to the system negotiated at the 1976 Jamaica Conference, that percentage gradually declined, reaching its lowest level - 59.0% - in 1995. In the wake of financial globalization, the dollar’s positions strengthened again (reaching 70-71% between 1999 and 2001), but then a new decline was seen in the dollar component of global foreign-exchange reserves - dropping below 61% in 2014. Nevertheless, it is still higher than in 1995.

On US reaction to Jamaica's decriminalization of ganja

I saw the headline in a recent edition of Jamaica News Today, “US Not Comfortable  With Move  to Decriminalize  Ganja,” and my immediate reaction was, what took so long? Peter Tosh said, "Legalize it,"so why decriminalize it?
  • Published in Opinion

U.S. Senators Present Bill to Ease Travel Restrictions to Cuba

Eight senators, representing both the Republican and Democratic parties, presented a bill to Congress Thursday that will lift travel restrictions for U.S. residents, as well as remove banking restrictions. The bipartisan move represents the first attempt by U.S. legislators to take steps to ease the blockade on Cuba.

Rating Weapon of Economic War

At the beginning of 2015 economic ratings given to Russia’s economy appeared in the West to cover the previous year, offer the forecasts for the current year and even for the period of 2016-2017. The ratings were presented at the World Economic Forum (January 21-23). Summing them up one can conclude that they look more like politically motivated decisions than economic assessments. It all boils down to one thing – Russia will face a deep economic crisis in the next two-three years. At the same time the leading rating agencies revised the ratings of the whole Russia’s economy and its largest companies, banks and regions.

Russia and China: The Dawning of a New Monetary System

“ICH”, “Global Research”. – The statement by Chinese Foreign Minister Wang Yi on 22 December 2014:  “If the Russian side needs it, we will provide necessary assistance within our capacity" – is a clear testimony that Russia and China have entered into an economic alliance which will be stronger than the incessant ruble and petrol devaluation manipulations by Washington, aided by the European puppets.
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