The Saudis are the weak link in the US’s Mideast Alliance. Hong Kong is China’s soft financial underbelly, Tom Luongo writes.
Venezuela can be best understood as another phase of the US dollar’s historic demise, and the concomitant bigger demise of American global power.
The US policy of trade wars and sanctions has triggered the global process of de-dollarization. Using punitive measures as a foreign policy tool is like shooting oneself in the foot.
Independent analysts from Russia and Turkey to Brazil and Iran largely agree that the overwhelming factor in the current currency crisis is a reversing of the US Federal Reserve quantitative easing (QE) policy.