With US forces in the middle-east in chaos and disarray, with Saudi Arabia unsure if it wants to side with Israel or other Arab nations, and with its ally Russia increasingly more influential in the region, Iran is not only increasingly flexing its muscles, but is hardly ashamed to show it off.
The gradual acceptance of digital currencies, with major exchanges about to launch bitcoin futures trading, may prompt some oil producing nations to ditch the US dollar in crude trade in favor of cryptocurrencies, an oil analyst says.
As RT reports, Russia, Iran and Venezuela have more than one thing in common.
All three are major oil producing nations dependent on the dollar since the global crude market is traditionally dominated by contracts denominated in US currency.
Submitted by South Front
On Wednesday Israel’s Prime Minister Benjamin Netanyahu stressed during the Jerusalem Post Diplomatic Conference that Israel has to “act now against Iran” in order to stop the Iranians from "establishing themselves in Syria,” according to the Israeli newspaper Jerusalem Post.
The more Washington lashes out in anger at those who will not bow to the unipolar world order, the more the rest of the world fights back. As the launch of its Yuan/Gold-settled oil futures looms, China is escalating its de-dollarization scheme further by seeking a bilateral rial-yuan agreement with Iran.
As a reminder, nothing lasts forever...
The World Bank's former chief economist wants to replace the US dollar with a single global super-currency, saying it will create a more stable global financial system.
Authored by M K Bhadrakumar via The Asia Times,
As on the soccer field in his youth, so in a tumultuous political career spanning four decades: Turkey’s president Recep Tayyip Erdogan has consistently shown his mettle as a fighter who won’t be satisfied with anything short of total victory.
But in the battle that is now unfolding around him, and which is besieging him, there isn’t going to be a winner.