(Natural News) As we have consistently warned for more than a year, Operation Sandman has now been activated, with Saudi Minister of Finance, Mohammed Al-Jadaan, telling Bloomberg TV (during a WEF Davos interview) that the Saudis will gladly accept all currencies for settling oil transactions. (Reported by OilPrice.com)
The foundational pillar of US global currency dominance and its ability to export inflation to the world is based on the so-called Petrodollar status, in which the US agreed to protect the (corrupt) Saudi kingdom in exchange for the Saudis demanding US dollars for all oil transaction settlements. This agreement has been in place since the Bretton Woods conference in 1944 and has carried the dollar until today.
But this arrangement is now coming to an end.
Very few Americans have any clue what this means to their assets and their future.
Also, very few people realize that over 100 nations are prepared to renounce the petrodollar as the dominant currency for oil settlements. Instead, many nations are going to switch to using the Yuan (from China), or the digital Yuan, or the new BRICS+ commodities-backed reserve currency that’s about to be launched by China, Russia, India and other participating nations.
The dominoes have been set into motion. And as this plays out, it means dollars will come flooding back to the United States as world nations dump the greenback fiat currency they no longer need. This means dollars will experience rapid devaluation in their purchasing power, which will be reflected in higher prices — i.e. inflation — in consumer goods such as groceries, automobiles and more...........More Below
Volker Turk has warned that efforts to advance reparatory justice are facing resistance in “certain quarters,” and urged countries to back Africa’s push.
Reparatory justice for historical crimes, including colonialism, enslavement, and the trade in enslaved Africans, is crucial to dismantling systemic racism, UN High Commissioner for Human Rights Volker Turk has said.
Speaking at the UN Permanent Forum on People of African Descent on Tuesday, Turk linked present-day discrimination against people from the continent to the enduring legacy of colonialism and enslavement.
”Racism and dehumanizing rhetoric continue to permeate public institutions, communities, and online platforms,” he said, according to the UN Press Service. Turk noted that “digital technologies, including AI, are reproducing and amplifying existing biases against people of African descent.”
The remarks come weeks after the UN General Assembly adopted a resolution declaring the transatlantic slave trade “the gravest...
The US VP had to defend President Trump’s Gaza policy at a rally on a Georgia college campus.
US Vice President J.D. Vance was forced to defend Washington’s policy in Gaza after he was booed and heckled at a key MAGA event on Wednesday.
Co-founded by the late Charlie Kirk, Turning Point USA (TPUSA) is a conservative student group that has long been seen as a strong support base of President Donald Trump’s MAGA movement but is now showing apparent cracks.
Less than 15 minutes into a TPUSA event at the University of Georgia on Wednesday, Vance was interrupted by hecklers over US policy in Gaza, with one audience member shouting, “Jesus Christ does not support genocide!” As he attempted to respond, others shouted, “You’re killing children!” and “You’re bombing children!”
Vance replied by referring to Trump’s achievements as president, including securing a fragile ceasefire in Gaza, something he said the previous administration of Joe Biden failed to do.
“I ...
Sergey Shoigu has cautioned Finland and the Baltic states against allowing Kiev to use their airspace for attacks on Russia.
Russia would have the right to retaliate if Finland and the Baltic states are deliberately allowing Ukrainian drones to pass through their airspace, Security Council Secretary Sergey Shoigu said on Thursday.
“Recently, there has been an increase in Ukrainian drone strikes against Russia via Finland, Lithuania, Latvia, and Estonia,” Shoigu told journalists. “As a result, civilians are suffering and significant damage is being caused to civilian infrastructure.”
Either Western air defenses are proving ineffective, or these four countries “deliberately provide their airspace, thereby becoming open accomplices in aggression against Russia,” he added. In the latter case, Moscow has the right to self-defense in response to an “armed attack” under Article 51 of the UN Charter, the security chief stressed.
In recent weeks, Kiev has intensified drone strikes on ...
