IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia

The US-dominated International Monetary Fund warns of an “erosion of dollar dominance,” noting use of Chinese yuan in global central bank reserves is increasing, while Western sanctions on Russia could strengthen other currencies.

IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia

[2014] Repost with graphics: Flight MH17, Royal Dutch Shell and the Yuzovshi Shale Gas Field – What Could It Mean?

Flight MH17, Royal Dutch Shell and the Yuzovshi Shale Gas Field – What Could It Mean?

Originally posted 01-22-2020 without graphics.

Related:

Ukraine Signs Drilling Deal With Shell for Shale Gas

Before the fear of war, fear of fracking in Ukraine

Russia’s silent shale gas victory in Ukraine

Shell, Chevron, pull out of fracking deals in Ukraine citing the war with Separatists and Russia

H/T: Today’s News on Donbass and How We Got Here

Ecuador’s exporters caught between US and China after debt deal

Ecuador’s exporters caught between US and China after debt deal

The agreement, signed by the US International Development Finance Corporation (DFC) and the Ecuadorean government just days before Donald Trump left office in January, envisages the US buying oil and infrastructure assets in Ecuador on the understanding Quito uses the proceeds to pay off its debt to China.

Adam Boehler, the recently departed chief executive of DFC, has described the deal as a “novel model” to eject China from the Latin American nation.

Related:

In Search of Tomorrow

US development bank strikes deal to help Ecuador pay China loans

IMF agrees to lend Ecuador $6.5bn

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Nothing Delivered: Trump’s ‘Antiwar’ Deception

Nothing Delivered: Trump’s ‘Antiwar’ Deception

With Trump, the people thought they voted for something different, but what they received was more of the same. Like Obama and Bush II, Trump was lying to his base, despicably pretending to be opposed to unnecessary wars in faraway lands. Trump made snide comments about the military industrial complex, etc. while looting the American people to pay for it all. He carried on with his “antiwar” façade while bombing to smithereens the same far flung countries that Bush and Obama nearly destroyed. At the same time, he was starving some of the poorest people in the world, from Venezuela to North Korea, with “maximum pressure” sanctions. He prioritized satiating the Israel first crowd first, and set the stage for brinksmanship with Beijing, as well as Moscow, while ensuring ever higher military budgets.