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Blessed are they who hunger and thirst for justice: for they shall be filled. The law of the Lord is perfect, converting the soul: the testimony of the Lord is sure, making wise the simple. Bless thou the Lord, O my soul. Let the words of my mouth, and the meditation of my heart, be acceptable in thy sight, O Lord, my strength, and my redeemer.

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How the 💵🎩🍌 US is waging 🦍 economic war on China
« Reply #120 on: »
How the 💵🎩🍌 US is waging economic war on China   :(


Geopolitical Economy Report 197K subscribers 34,639 views  Apr 9, 2024

Political economists Radhika Desai 👍 and Michael Hudson 👍 analyze how the 💵🎩 United States is waging an 🦍 economic war against China.

You can watch other episodes of their program Geopolitical Economy Hour here:   
 • Radhika Desai & Michael Hudson - Geop... 

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« Last Edit: April 11, 2024, 03:52:04 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

Is China producing 😒 too much? 🙄
« Reply #121 on: »
Is China producing too much?
US 'overcapacity' accusations: new 😈 tactic in economic war



Geopolitical Economy Report 198K subscribers 53,565 views  Apr 12, 2024

Washington accuses China of producing too many goods and demands "free market" policies. But the US government is spending trillions on industrial policy to protect its own manufacturing sector. Ben Norton details the hypocrisy of the "overcapacity" allegations: the latest strategy in the US economic war on China.

Topics
0:00 Intro
1:00 Chinese 'overcapacity' allegations
3:38 Janet Yellen
5:21 US vows to 'slow down China's rate of innovation'
8:02 Elon Musk begs for tariffs on Chinese EVs
10:40 US wants China to be economically subordinated
12:27 US tech war on China
14:39 Western industrial policy
16:31 Protectionism
18:38 US Inflation Reduction Act
20:12 US Chips Act
22:03 US undercapacity is the real problem
25:11 BYD has just 1.5% of EU EV market share
27:04 China's car exports vs Japan & South Korea
30:37 Is overcapacity a problem?
32:39 Outro

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« Last Edit: April 13, 2024, 09:59:33 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

Cold War 2: US officials call to 🦍 overthrow China's gov't, expand 💵🎩😈 military budget to $1.4 trillion


Geopolitical Economy Report 201K subscribers 45,591 views  Apr 18, 2024

A major Congress member and top former Trump administration official published an article calling to overthrow China's government. They boasted that the US is waging a bipartisan new cold war, backed by both Republicans and Democrats, while proposing a military budget of $1.4 trillion per year. Ben Norton debunks the deceptions of the warmongers in Washington.

Check out our related video: CIA director threatens China & Russia, says Ukraine war benefits US economy -   
 • CIA director threatens China & Russia... 

Topics
0:00 Topic
1:07 2024 election
1:59 Council on Foreign Relations & CIA
3:30 Matt Pottinger & Mike Gallagher
5:07 US new cold war on China
8:21 Deceptively distorting Xi Jinping's speeches
12:50 Information warfare
16:00 Colonialism
17:32 Misquoting Chinese officials
20:29 Militarization of Asia
21:49 $1.37 trillion military budget
22:44 US domination of Asia
24:51 Recruit "cold warriors"
26:44 Regime change: Rollback, not just containment
28:05 Manufacturing consent for war
29:21 Outro

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« Last Edit: April 19, 2024, 06:55:21 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

Social Security Tax 🎩😈 INJUSTICE CONTINUES 😟
« Reply #123 on: »
 


Social Security Tax 🎩😈 INJUSTICE (no adjustment for inflation since 1983) CONTINUES


« Last Edit: April 23, 2024, 10:08:31 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

 

🎩Biden's tariffs on China expose US hypocrisy on 'free trade' & tech subsidies


Geopolitical Economy Report 222K subscribers  May 15, 2024

The Joe Biden White House imposed high tariffs on Chinese technological products, including electric vehicles (EVs), solar panels, batteries, and semiconductors. Ben Norton analyzes the hypocrisy of US government accusations that Beijing provides unfair subsidies to its industries, while Washington is spending trillions on industrial policy -- and how this exposes the "free trade" dogma spread by neoliberal economists as a myth.

Our related video: "Is China producing too much? US 'overcapacity' accusations: new tactic in economic war" -   
 • Is China producing too much? US 'over... 

Topics
0:00 Biden puts tariffs on China
1:05 Elon Musk demanded tariffs on Chinese EVs
1:55 US "overcapacity" allegations
2:40 Europe threatens tariffs too
3:19 Biden condemned tariffs in 2019
4:58 Climate change hypocrisy
6:13 "Free market" myth
8:47 "Forced" technology transfer myth
13:12 BYD outcompetes Tesla
13:56 Neoliberalism: de-industrialization & financialization
18:26 Subsidies: US gov't plans trillions in benefits
23:52 More tariffs on Chinese products
25:30 Washington Consensus
29:01 US destroys WTO (after creating it)
31:28 Protectionism: How US & UK really developed
39:39 Outro

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« Last Edit: May 15, 2024, 10:17:27 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

👉 Graphics and emojies by AGelbert. 👈


MAY 15, 2024 By BILL MCKIBBEN


AGelbert COMMENT: Moral Clarity IS sine qua non for the survival of human civilization. The 'greed is good' venality is just ONE of the symptoms of the REJECTION of Moral Clarity by TPTB. Biden just slapped a 100% Tariff on BYD EVs. Biden and Trump are "birds" of the exact same Social Darwinist "feather".

It's the Social Darwinism, stupid!

"If Plato's teaching errest not, we learn but that we have forgot." -- Bk 3: Section XI, and Song XI: Reminiscence The Consolation of Philosophy by Anicius Manlius Severinus Boethius (c. 480 - 525)

Micah 2:1-3 King James Version
Woe to them that devise iniquity, and work evil upon their beds! when the morning is light, they practice it, because it is in the power of their hand. And they covet fields, and take them by violence; and houses, and take them away: so they oppress a man and his house, even a man and his heritage. Therefore thus saith the Lord; Behold, against this family do I devise an evil, from which ye shall not remove your necks; neither shall ye go haughtily: for this time is evil.


Related observation not included in above comment:


The Evil (is there any other kind?) Empire is going down. However, it will be outside influences that brings this about, NOT mostly anesthetized (due to our socially destructive embrace of an egocentric modus vivendi) Americans.
 

It will be painful for we-the-poor-and-middle-class Americans. The rich will dump on us all the hardships of the loss of U.S. economic and military Hegemony. Nevertheless, I prefer it to the present dystopia.

For why I think my view is justified, even if things will get WORSE for me and most of you reading this, I recommend listening to the following book:

🔊 The Consolation of Philosophy
Anicius Manlius Severinus Boethius (c. 480 - 525)
Translated by H. R. James (1862 - 1931)
Consolation of Philosophy (Latin: Consolatio Philosophiae) is a philosophical work by Boethius written in about the year 524 AD. It has been described as the single most important and influential work in the West in medieval and early Renaissance Christianity, and is also the last great work that can be called Classical.

Consolation of Philosophy was written during Boethius' one year imprisonment while awaiting trial, and eventual horrific execution, for the crime of treason by Ostrogothic King Theodoric the Great. Boethius was at the very heights of power in Rome and was brought down by treachery. It was from this experience he was inspired to write a philosophical book from prison reflecting on how a lord's favor could change so quickly and why friends would turn against him. It has been described as “by far the most interesting example of prison literature the world has ever seen.”

The Consolation of Philosophy stands, by its note of fatalism and its affinities with the Christian doctrine of humility, midway between the heathen philosophy of Seneca the Younger and the later Christian philosophy of consolation represented by Thomas Aquinas.

The book is heavily influenced by Plato and his dialogues (as was Boethius himself). (Summary from Wikipedia)

AGelbert NOTE: If a Sixth Century work of timeless wisdom is not your thing, everything that is wrong with the Evil Empire is detailed in this brief interview:


Jeffrey Sachs Interview - What Does It Mean?
« Last Edit: May 16, 2024, 04:19:31 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

China Hits Back On The US, EU & Japan Economies As Trade Partners Dethrone Dollars For Yuan


🕯️ Sean Foo 👍 141K subscribers 70,987 views  May 21, 2024

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China begins their retaliation with a probe into plastics dumping from the US, EU and Japan. This threatens to escalate towards a full trade war. Meanwhile, China is accelerating de-dollarization with a shocking update from the IMF. China's closest trading partners have effectively ditched the dollar for trade in the Chinese Yuan. Here's what you must know!

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✅ Timestamps & Chapters:
0:00 China Begins Trade Retaliation
3:18 China Takes Aim At The G7
6:05 Containment Strategy Backfiring
8:11 Sponsor: Indigo Precious Metals
9:33 💵 Dollars Ditched For Chinese Trade
10:45 Foreigners Buy-Up Record ✨ China Stocks
13:26 Two Guarantees 🐎

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So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

The End of Financial Colonialism | Richard D. Wolff and Michael Hudson
« Reply #127 on: »
The End of Financial Colonialism
Richard D. Wolff 👍 and Michael Hudson 👍


Dialogue Works 136K subscribers 41,696 views  May 23, 2024  Interviews

Michael Hudson is President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City. He is the author of Super-Imperialism: The Economic Strategy of American Empire (Editions 1968, 2003, 2021), ‘and forgive them their debts’ (2018), J is for Junk Economics (2017), Killing the Host (2015), The Bubble and Beyond (2012), Trade, Development and Foreign Debt (1992 & 2009) and of The Myth of Aid (1971), amongst many others.

ISLET engages in research regarding domestic and international finance, national income and balance-sheet accounting with regard to real estate. We also engage in the economic history of the ancient Near East.

Michael acts as an economic advisor to governments worldwide including China, Iceland and Latvia on finance and tax law. He gives presentations on various topics at conferences and meetings and can be booked here. Listen to some of his many radio interviews to hear his hyperspeed analysis of the geo-political machinations of global economics. Travel costs and a per diem are appreciated.
Financial analysis of a world dominated by the FIRE sector - Finance, Insurance and Real Estate. Beware the monopolist.
Michael Hudson | On finance, real estate and the powers of neoliberalism · michael-hudson.com


Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.

Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also a regular lecturer at the Brecht Forum in New York City. (
About Richard D. Wolff.
RDWolff · rdwolff.com
)


De-Dollarization: China Launches Cross-Border Digital Currency To 👻 Bypass USD In Global Trade

Sean Foo 141K subscribers 140,752 views  May 22, 2024

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In a big update, China has launched their cross-border digital currency beyond the mainland in Hong Kong. This is the first move towards de-dollarization of their global trade with the world. Here's why this is a game-changer for the global economy.

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Timestamps & Chapters:
0:00 China's Digital Currency Launch
2:49 China's Threat To The Dollar
5:54 Beijing's CBDC Strategy
7:39 Sponsor: Private Internet Access
9:14 Fighting Against Containment
9:52 China Already De-dollarizing Global Trade
12:15 The Big Adoption Wave

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« Last Edit: May 23, 2024, 09:35:14 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

🚨 JUST IN: 10 ASEAN Countries To Ditch the US 💵 Dollar! 😲
« Reply #128 on: »


 JUST IN: 10 ASEAN Countries To Ditch the US 💵 Dollar!


We 🕊️ Love Africa 564K subscribers 32,388 views  May 23, 2024

The Association of Southeast Asian Nations (ASEAN) countries are looking to promote local currencies for trade and ditch the U.S. dollar for cross-border transactions. ASEAN consists of 10 countries and their economies are fast developing in the global sphere. This puts the USD under pressure, as several developing countries including the ASEAN bloc are looking to end reliance on the U.S. dollar.

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So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

AGelbert NOTE: What Graham Peebles calls "god" is what I know IS what GOD created. I post his article because he exposes the FACT that GREED is, as it has always been, a Socially DESTRUCTIVE EVIL that, if not countered by 🕊️ ETHICAL BEHAVIOR, will result in the end of human civilization.

Graphics and emojies by me.


✝️ Micah 7:1-10 KJV

Woe is me! for I am as when they have gathered the summer fruits, as the grapegleanings of the vintage: there is no cluster to eat: my soul desired the firstripe fruit.

The good man is perished out of the earth: and there is none upright among men: they all lie in wait for blood; they hunt every man his brother with a net.

That they may do evil with both hands earnestly, the prince asketh, and the judge asketh for a reward; and the great man, he uttereth his mischievous desire: so they wrap it up.

The best of them is as a brier: the most upright is sharper than a thorn hedge: the day of thy watchmen and thy visitation cometh; now shall be their perplexity.

Trust ye not in a friend, put ye not confidence in a guide: keep the doors of thy mouth from her that lieth in thy bosom.

For the son dishonoureth the father, the daughter riseth up against her mother, the daughter in law against her mother in law; a man's enemies are the men of his own house.



Therefore I will look unto the Lord; I will wait for the God of my salvation: my God will hear me.

Rejoice not against me, O mine enemy: when I fall, I shall arise; when I sit in darkness, the Lord shall be a light unto me.

I will bear the indignation of the Lord, because I have sinned against him, until he plead my cause, and execute judgment for me: he will bring me forth to the light, and I shall behold his righteousness.

Then she that is mine enemy shall see it, and shame shall cover her which said unto me, Where is the Lord thy God? mine eyes shall behold her: now shall she be trodden down as the mire of the streets.


COUNTERPUNCH

MAY 24, 2024 BY 🕊️ GRAHAM PEEBLES

2024: People Starve 😞 As The 🎩 Rich Get 💵😈 Richer
SNIPPETS:

Keeping the masses poor, physically exhausted and emotionally drained, whilst concentrating wealth into the pockets of the already rich is not a new game of course. As Priya Sahni-Nicholas of the Equality Trust explains, “The super-rich have spent centuries diverting wealth into their hands, making our democracy less responsive to people’s needs and damaging our communities. The result is we [society/nations] are poorer, sicker, less productive, unhappier, more polarised, and less trusting.”

The values of the market are destroying communities and literally making people ill – physically and psychologically (and of course the two are inter-twinned). These insidious tools of control create the conditions for all kinds of conflict, individually and collectively. ... ...

The statistics around wealth and income inequality are manifold and horrifying. ... ...

During the last ten years, (which saw the 2008 financial crash, Covid and the Ukraine/Russia) the collective wealth of this tiny shiny gang has increased by 120%. As Forbes puts it, “Even during times of financial uncertainty for many, the super-rich continue to thrive.” At the same time, on the same planet, as the hyper rich drown in money and stuff, around five billion people around the world are poorer now than they were in 2019. ... ...

Remember all the talk during the pandemic of a socio-economic reset, of  tackling social injustices, creating fairer more integrated ways of working and living etc, blah, blah blah. Well, Oxfam reveal that, in subsequent years while “average real wages of nearly 800 million workers have fallenacross 52 countries 😵, the worlds billionaires are $3.3Tn richer than they were pre pandemic……and their wealth has grown three times faster than the rate of inflation.”


Unimaginable wealth for a tiny number of individuals while the majority of humanity live in varying levels of poverty or economic hardship. “The wealth of the world’s five richest billionaires has more than doubled since the start of this decade, while 60% of humanity has grown poorer.” ‘Trickle down economics’ (“gush up” as Arundhati Roy rightly describes it) is a 😈 dystopian fantasy peddled by  those who are swimming in cash. ... ...

Record profits as the majority are struggling to feed themselves, are in many cases falling into debt and destitution, whilst being told to ‘tighten their belts’, by obnoxious, often wealthy, politicians beholden to corporate leaders.

Virtually all profits are dished out to shareholders, with companies refusing to pay their staff properly; less than 0.5% “of over 1,600 of the world’s largest companies “pay their workers a living wage.” Corporate greed knows no limits, nor the level of worker exploitation. ... ...


The Paradigm of Greed and Destruction champions excess; sufficiency, simplicity and moderation are dismissed. Everything is seen as a commodity, including health care, education, and people, to be monetised, exploited to the last drop and profited from. Everyone is regarded as a consumer, every nation, city or village analysed as a potential marketplace.


It is a deeply materialistic, extremely crude, albeit complex way of organising society, that humanity is enthralled too and entrapped by. Obsession with objects and sensory experiences has resulted in mankind being divorced from him/herself, from the natural world and that underlying reality, which we call god. It is choking the life out of humanity, poisoning the planet and driving climate change.

Full article:
Earning enough to pay the rent or mortgage, cover utility bills and travel costs, buy food and have the occasional coffee is impossible for many. But its
counterpunch.org


 

« Last Edit: May 26, 2024, 08:48:38 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

Dominance: Russia Corners The Global 🌿🌾 Food Market, China 🚀 Dethrones Japan As Top Car Exporter


Sean Foo 142K subscribers 66,840 views  May 28, 2024

Follow me on X(Twitter) here:   / seanfoogold   thank you!

In a sudden update, Russia has now achieved global dominance in the world's grain market. This is a shocking development as it confirms Russia's status as an even bigger 🌿🌾 :o commodity exporter, giving them even more 💰 leverage economically and geopolitically. China has also cornered the 🤖 industrial supply chain, dethroning Japan in auto manufacturing. And this is just the start of their next big agenda.

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✅ Timestamps & Chapters:
0:00 Russia Corners Global Grain Market
3:04 Putin's Exports Agenda
6:03 China Dethrones Japan
9:10 China Wants Chip Dominance
12:51 Supply Chain War Will Escalate

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« Last Edit: May 29, 2024, 12:42:38 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

BRICS 💥 Bombshell: Thailand’s Membership Bid Confirms Asia’s De-DollarizationShift


Sean Foo 143K subscribers May 31, 2024

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In a big update, Thailand is moving fast to be the first Southeast Asian country to join BRICS. This ASEAN country wants to find bigger economic opportunities, especially with China, to grow their economy. This spells economic doom for the West & the US financial system. De-dollarization will continue to accelerate and the multi-polar world is forming fast.

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✅ Timestamps & Chapters:
0:00 Thailand's Bombshell Bid
2:41 Asia Pushes De-dollarization
5:49 Cheap Commodities & Faster Growth
8:46 Why Asia Chooses BRICS
12:11 BRICS Will Isolate G7

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« Last Edit: May 31, 2024, 01:57:36 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

🕯️ Wolff Responds: Its time for U.S. leaders to accept the truth about China's ✨ economy (June 6, 2024)


Its Time To Come To Terms With The New Economic Order (May 29, 2024)

RichardDWolff 190K subscribers 16,354 views  June 6, 2024 Wolff Responds

Today's "Wolff Responds", Professor Richard Wolff offers his thoughts on United States' politicians disingenuous analysis of the strength of China's economic system.

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« Last Edit: June 06, 2024, 11:09:28 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

Economist Dean Baker has a tremendous capacity for the obvious.
« Reply #133 on: »
AGelbert NOTE: Economist Dean Baker has a tremendous capacity for the obvious. I post his article because too many Americans actually believe the "free market" U.S. economy myth that Dean Baker correctly exposes as a rigged (i.e. CORRUPTED on behalf of the rich Social Darwinists 'R' 😈 US) economy.



COUNTERPUNCH

JUNE 20, 2024 BY DEAN BAKER

We Can’t Have a  New Paradigm as Long as 🙊🙉🙈 People Think the Old One Was ::) Free-Market Fundamentalism

SNIPPETS:

The story goes, yeah Elon Musk and Bill Gates are very rich, and lots of ordinary workers are kind of screwed, but s-h-i-t happens . If we feel bad enough about it, we can toss some dimes to the left behind. After all, Bill Gates started a big foundation to help the world’s poor.

That’s a far more generous story for the rich than the reality. It was not just a case of “s-h-i-t happens,” where the natural workings of the market gave them all the money. It was a story where they actively rigged the rules to ensure that a huge amount of money would be redistributed 💵🎩🍌 upward. ... ...

While we were ostensibly pushing a free trade agenda, we did little or nothing to reduce the trade barriers that protect our most highly paid professionals, like doctors and dentists, from international competition.

As a result, these professionals are paid more than twice as much here as their counterparts in other wealthy countries. We would save close to $150 billion a year (more than $1000 per family) if we paid our doctors the same salaries they get in Germany or Canada.

Our policies were never about free trade. They were about selective protectionism, where we expose manufacturing workers to direct competition with low-paid workers in the developing world, but we 😈 protect our most highly-paid professionals from the same sort of competition.

Again, it’s not surprising that the winners from this policy would like to call it “free trade.” That sounds much better than structuring trade to make the rich richer. But why would opponents of this policy accept this dishonest terminology?

Read more:
The belief in free-market fundamentalism runs very deep. When I say that, I don’t mean that support for the concept runs deep, I mean the belief that we
counterpunch.org


« Last Edit: June 21, 2024, 02:31:57 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12

De-dollarization is growing: Even the US Federal Reserve (reluctantly) admits it


Geopolitical Economy Report 242K subscribers Jun 24, 2024

Countries around the world are seeking alternatives to the US dollar. IMF economists say de-dollarization is "broad-based". The Federal Reserve reluctantly admits that it is happening. Ben Norton analyzes the latest research.

Topics
0:00 Examples of de-dollarization around the world
3:11 IMF paper on decline of dollar dominance
6:39 Dedollarization is "broad based", IMF says
8:07 Western sanctions lead central banks to de-dollarize
8:56 Gold: Why central banks are buying it up
12:37 US Federal Reserve acknowledges dedollarization
13:18 (Clip) Fed governor on de-dollarization "challenges"
14:28 Fed governor's speech on de-dollarization
15:38 Bitcoin & crypto are NOT an alternative to the dollar
17:29 CBDCs: China-led mBridge system challenges dollar hegemony 
18:58 Fed governor discusses de-dollarization examples
20:21 Fed paper on de-dollarization
24:22 Outro

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« Last Edit: June 24, 2024, 09:26:22 pm by AGelbert »
So in everything, do to others what you would have them do to you, for this sums up the Law and the Prophets. Matthew 7:12