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Vladimir Putin Skips Washington Nuclear Summit

Russia, which has the world’s largest nuclear arsenal and a sprawling military and civilian nuclear industry, has refused to take part in this week’s nuclear security summit in Washington over the lack of cooperation with partners on this issue, Kremlin spokesman Dmitry Peskov said on March 30 – the day before the top level meeting kicks off on March 31.

IMF Changes Rules to Isolate China-Russia

The nightmare scenario of U.S. geopolitical strategists seems to be coming true: foreign economic independence from U.S. control. Instead of privatizing and neoliberalizing the world under U.S.-centered financial planning and ownership, the Russian and Chinese governments are investing in neighboring economies on terms that cement Eurasian economic integration on the basis of Russian oil and tax exports and Chinese financing.

Hamas Asks Russia to Help Stop Israeli 'Aggression'

The Palestinian Islamic Movement Hamas on Saturday called for Russian intervention to stop Israeli “aggression” against Palestinians, a request that comes after weeks of violence in the West Bank during which Israeli security forces have killed dozens of Palestinians and injured hundreds more.

Never Mind FIFA, How about a Crackdown on the Banksters?

FIFA boss Sepp Blatter’s sudden resignation this week only days after being re-elected shows that the US campaign to bust the football federation over alleged financial corruption is probably going to intensify during the weeks and months ahead.
  • Published in Opinion

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.
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