Category Archives: International News

Germany Calls For Global Payment System Independent Of The US

Germany Calls For Global Payment System Independent Of The US

In a stunning vote of “no confidence” in the US monopoly over global payment infrastructure, Germany’s foreign minister Heiko Maas called for the creation of a new payments system independent of the US that would allow Brussels to be independent in its financial operations from Washington and as a means of rescuing the nuclear deal between Iran and the west.

Read more

Venezuela Slashes 5 Zeros From Currency In “One Of Greatest Devaluations Ever”

On Monday Venezuela officially slashed five zeros from prices and its currency as part of what has been dubbed one of the greatest currency devaluations in history which slashed the value of the official bolivar by 95%. Government officials tried to partly mask the shock by raising the minimum wage 3,500% so instead of the new minimum wage being 1.8 million strong bolivars, it will be 1,800 sovereign bolivars: the equivalent of $30 a month. Banks were closed and busy trying to adopt ATM’s and online platforms to the new currency rules but will likely fail.

Read more

Russia Offers 2.5 Million Acres Of Farmland To China, Amid Worsening Trade War

China and Russia recently announced a new age of diplomacy between the two countries when Moscow offered 1 million hectares (2.5 million acres) of arable land to Chinese farmers to meet its large-scale demand for soybeans — and of course, prevent a massive soybean shortage that would lead to political/social upheavals across the country. China finds itself reeling under trade disputes with the US, as the next round of tariffs on $16 billion worth of Chinese goods is expected to start on August 23.

Read more

Poland Wants The US Military Presence To Be Permanent And Is Ready To Pay

Warsaw plans to host a permanent US military presence on its territory. That deployment would breach the Russia-NATO Founding Act (1997), in which NATO pledged not to seek “additional permanent stationing of substantial combat forces” inside Russia’s neighbors “in the current and foreseeable security environment.” But, Poland wants a US armored division permanently deployed on its soil and is willing to pay $2 billion to help construct the installation.

Read more
1 2 3 10