Trump’s misguided policies will displace the dollar

By Jeffrey D Sachs Back in 1965, Valéry Giscard d’Estaing, then France’s minister of finance, famously called the benefits that the United States reaped from the dollar’s role as the world’s main reserve currency an “exorbitant privilege.” The benefits are diminishing with the rise of the euro and China’s renminbi as competing reserve currencies. And … Continue reading Trump’s misguided policies will displace the dollar


Putin’s visit to Merkel makes the US nervous


This article is co-written by Ahmed Ashfaque Shahbaz and Khalid Ibn Muneer.

President of the Russian Federation Vladimir Putin has made an official state visit to Germany to meet his counterpart Chancellor Angela Merkel in August. The primary objective of the visit was to discuss bilateral issues between Russia and Germany focusing on the Nord Stream 2 pipelines. This came in an interesting time, as the Americans have been distancing itself from Germany a key ally in Europe. The current American administration has attempted to isolate Russia from Europe as a large amount of its natural gas exports end up in Europe primarily in Germany. One of the prime reasons for the USA to attempt the Germans to distance from the Russians is an American interest to export the LPG (Liquefied Petroleum Gas) into Europe. However, natural gas is far less expensive than LPG. Hence, the Germans would prefer…

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Yanis Varoufakis: Marx predicted our present crisis – and points the way out

The Communist Manifesto foresaw the predatory and polarised global capitalism of the 21st century. But Marx and Engels also showed us that we have the power to create a better world. By Yanis Varoufakis For a manifesto to succeed, it must speak to our hearts like a poem while infecting the mind with images and ideas … Continue reading Yanis Varoufakis: Marx predicted our present crisis – and points the way out

China-India rapprochement makes sense

By Ken Moak India made a U-turn on its relations with China in April when Prime Minister Narendra Modi met with Chinese President Xi Jinping to reset ties. He met with Xi again on the matter of rapprochement on the sidelines of the SCO (Shanghai Cooperation Organization) Summit in May. China-India rapprochement has taken the … Continue reading China-India rapprochement makes sense

Caspian Deal Highlights Shift in Azerbaijan

TOM LUONGO As the US/Turkish relationship deteriorates it is having spillover effects around the region. Turkish President Recep Tayyip Erdogan’s continued defiance of US’s demands have placed Turkey in the cross-hairs of a vicious hybrid-war attack on the country’s fragile economic foundation. So, I find it very interesting that during the week of the greatest … Continue reading Caspian Deal Highlights Shift in Azerbaijan