Dollar Decline to Make Americans Poorer, Economist Hudson Says

teleSUR | July 18, 2022

Image of U.S. dollar bills. | Photo: Twitter/ @business

The de-dollarization or decline of dollar hegemony will put the United States in a slow crash and make everyday Americans poorer. Other countries have to de-dollarize because of American foreign policy, which forces them to create an alternative, said Michael Hudson, professor of economics at the University of Missouri-Kansas City.

“Any country that supported land reform, any country that protected its economy and grew its own food, and any country that did anything the United States didn’t like, they have all the foreign exchange, and all the savings stolen,” Hudson said, adding that “so obviously, this has led countries no longer to keep their savings in the form of U.S. dollars.”

Dollar hegemony is the system where U.S. overseas military spending and other spending deficits result in U.S. dollar savings in foreign countries. Then, foreign central banks recycle their reserves in dollars in the form of purchasing U.S. treasuries. Dollar hegemony enabled Americans to have high living standards and to become rich even though the U.S. is de-industrialized.

Ukraine’s ‘Great Game’ surfaces in Transcaucasia

M. K. Bhadrakumar

Indian Punchline | July 16, 2022

Presidents of Russia, Turkmenistan, Azerbaijan, Iran and Kazakhstan (clockwise from left) took part in the 6th Caspian Summit, Ashgabat, June 29, 2022

If the metaphor of the “Great Game” can be applied to the Ukrainian crisis, with the expansion of the North Atlantic Treaty Organisation (NATO) at it core, it has begun causing reverberations across the entire Eurasian space. The great game lurking in the shade in the Caucasus and Central Asian regions in recent years is visibly accelerating. 

The edge of the game is above everything else the targeting of Russia and China by the United States. This unfolding game cannot be underestimated, as its outcome may impact the shaping of a new model of the world order. 

Starting with the Caspian Summit in Ashgabat on June 29, the inter-connected templates of the great game in the Caucasus began surfacing. The fact that the summit was scheduled at all despite the raging conflict in Ukraine — and that Russian President Vladimir Putin took time out to attend it — testified to the high importance of the event. 

No Cuban child died of COVID-19 after vaccination campaign

Before the vaccination campaign in children started, 18 infants between the ages of two and 18 years old had unfortunately lost their lives to COVID-19. No child died of this terrible disease in Cuba after the vaccination campaign in this population group began.

Leticia Martínez

Granma | July 20, 2022

Photo: Ismael Batista

Before the vaccination campaign in children started, 18 infants between the ages of two and 18 years old had unfortunately lost their lives to COVID-19. No child died of this terrible disease in Cuba after the vaccination campaign in this population group began. This is the most relevant result of the Cuban vaccine Soberana, an immunogen of the Finlay Vaccine Institute.

Precisely, the Pedro Kourí Institute of Tropical Medicine presented the closing of the evaluation of the effectiveness and impact of the pediatric vaccination against COVID-19 in the country during the Tuesday meeting with the President of the Republic.