Over the past decades, countries worldwide have become more willing to reject dollar transactions in their foreign trade settlements. Russia has shifted to foreign exchange in national currencies with China and Eurasian Economic Union members. Additionally, Saudi Arabia clinched a deal with China to sell oil for yuan in December 2022.
French geopolitical expert Renaud Girard has warned of this incoming de-dollarization, caused by none other than the US itself. The expert said that Washington had overused the greenback as an instrument of political pressure, and nowadays more and more countries are starting to flee from the US-made global financial system. The alternative is to set up a bilateral foreign exchange in national currencies. Some states like Russia and China have gone even further and made their own payment systems.
"By turning their currency into an instrument of political pressure on other nations, the US has unwittingly launched a worldwide movement to overthrow the 'king-dollar'. Total de-dollarization will not happen overnight, but it is clearly an irreversible tendency," Renaud Girard told Le Figaro.
US Army Secretary Dan Driscoll is preparing to leave the Trump administration after what a new report has described as months of tension with Secretary of War Pete Hegseth, potentially triggering another change at the army’s top echelons.
According to the Friday report by The Wall Street Journal, Driscoll is expected to step down before the end of the year and could leave his post earlier. The newspaper cited people familiar with discussions over his departure.
The Journal reported that Driscoll and his family vacated the official residence assigned to the army secretary at Joint Base Myer-Henderson Hall this summer, a move that could indicate he was preparing to leave the position.
The reported departure would come at a time of continuing uncertainty at the top echelons of the army.
Hegseth abruptly removed Army Chief of Staff Gen. Randy George in April, while Trump has not yet nominated a permanent successo....more below
...
The Islamic Revolution Guards Corps (IRGC) warns the enemies that any act of aggression against the Islamic Republic will not go unanswered.
In a statement on Thursday, the IRGC issued a “stern warning” to the enemies after US forces launched strikes against the southern Iranian port city of Bandar Abbas.
Following the US military attack on a point on the outskirts of Bandar Abbas Airport with aerial projectiles, the IRGC carried out new strikes targeting the US air base from which the attack originated in the wee hours of Thursday, it added.
“This response is a serious warning to the enemy that they should know the act of aggression will not go unanswered,” the IRGC emphasized.
The elite military force warned of a “more decisive” response if the enemy repeated any act of aggression.
It also said the responsibility for the consequences of any IRGC response lies with the aggressor.
The statement comes after the IRGC Navy on Thursday forced an American tanker to turn back. The tanker ...
