As for #Japan: It has more problems than just jet fuel prices. Its strategic reserves are at best 254 days. Japan Times reported that it released the first month's worth of that this week.
So my thinking is to watch for Japan seriously considering switching from the #PetroDollar to the #PetroYuan to get its oil supply back; because its other choice is military. Neither sits well.
RE: https://mastodon.scot/@JdeBP/116232894987398060
Last century, Iran going for superpower status would have seemed ridiculous.
Today, Iran going for superpower status by knocking out the U.S.A. and people talking about an actually reasonable possibility of its success is gobsmacking.
@ianbetteridge
#PetroYuan #IranWar #PetroDollar #DeDollarization #FIFAWorldWar
I was going to make the same point. I too learned the new-to-me concept of the petroyuan yesterday.
https://youtube.com/v/beqs6a6jPKI
#PetroYuan #IranWar #PetroDollar #DeDollarization #FIFAWorldWar
An eye opener -- I've been learning a lot from this genius #BenNorton lately. So many of us only see simplistic reasons why the war in the Middle East has been going on --- but this guy Ben Norton breaks down everything we need to know why the war has been happening in the #MiddleEast You guys should really hear him out #iran #China #brics #dedollarization #USimperialism
It's pretty much certain that #DonaldJTrump has already asked someone how to get away with not repaying any of the money taken for the unconstitutional #TrumpTariffs.
There'll no doubt be some attempt to falsely frame it as giving tax rebates to foreigners, or something.
If the U.S.A. government does simply decide not to cough up what it owes its own citizens, I wonder what that will do to confidence in the dollar as a reserve currency.
The next BRICS summit is quietly planning a seismic shift. On the agenda: a new, independent payment system to bypass the US dollar and SWIFT.
This isn't just about efficiency. It's a direct, structural challenge to Western financial hegemony—a system used as a weapon for sanctions, coercion, and enforcing neoliberal order.
Faster, cheaper transactions are the selling point. The real potential? A tectonic crack in the architecture of imperial power. It could allow nations in the Global South to trade without fear of arbitrary exclusion or having their assets frozen by the US and its allies for stepping out of line.
Dollar dominance isn't natural; it's enforced. Building alternative rails is a necessary step toward a multipolar world, breaking a key lever of control.
#BRICS #DeDollarization #GlobalSouth #FinancialSovereignty #AntiImperialism #EconomicJustice #Neoliberalism #SWIFT #USD #Geopolitics #LateStageCapitalism
How Republicans Blew Up the Debt and Put the Dollar—and America—at Risk
GOP tax cuts created deficits, enriched elites, and forced America to borrow from itself. Now the dollar’s global role is collapsing—and the world is adapting.
#bondMarkets #BRICS #deDollarization #dollarDominance #globalFinance #GOPEconomics #IndependentMedia #interestPayments #paidLeave #progressiveEconomics #Sanctions #SWIFT #taxCutsForTheRich #USDebt https://wp.me/p1OjMZ-oDG
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