War Preserves the Petrodollar As the BRICS countries continue to move away from the hegemony of the petrodollar, the U.S. Empire is desperately striking back, putting sanctions on Russia and fueling the crisis in Ukraine in order to maintain its superpower status. In a recent article titled “Energy War to Currency War”, geopolitical analyst Mahdi Darius Nazemroaya spelled out the U.S. machinations of oil price manipulation and concerted attacks on the Ruble. Currency wars and […]
China’s recent aggressions towards bitcoin are foreshadowing how other governments will likely react to the cryptocurrency’s popularity. While it took some by surprise, I think what we are seeing is a clear picture of what happens when the state realizes the threat posed by bitcoin to its own fiat currency. China has in the past, made moves to bolster the yuan as a formidable opponent to the petrodollar. By suggesting pegging the yuan to gold […]
*Editor’s Note: This article recently appeared in the latest edition of the Freedom’s Phoenix E-Zine. The theme was “What to Keep and What to Discard,” and while some suggestions were centered on federal agencies, I thought it fit to make the case that we discard the ideology behind the Federal Reserve Note. The following contains some familiar concepts previously discussed on this blog, but also some new terminology. During the government shut down, we got […]