Geopolitical Economy Report

Rising corporate profits have caused 45% of inflation in Europe, compared to 40% for rising import prices and just 15% for wages, according to research by IMF economists. VIDEO: https://youtube.com/watch?v=qdZbq1iw-ho Sources and more information here: https://geopoliticaleconomy.com/2023/06/26/corporate-profits-inflation-europe-imf US Federal Reserve says its goal is ‘to get wages down’: https://geopoliticaleconomy.com/2022/05/24/us-federal-reserve-wages-inflation

The elite European Council on Foreign Relations, which is funded by many Western governments, warned that the EU is becoming a "vassal" of the United States, losing its independence. VIDEO: https://youtube.com/watch?v=-xcVy-Fta1I Read the original report here: https://ecfr.eu/publication/the-art-of-vassalisation-how-russias-war-on-ukraine-has-transformed-transatlantic-relations

Political economists Radhika Desai, Michael Hudson, and Ann Pettifor discuss the growing third world debt crisis, origins of the crisis, concerns about commercial real estate, debt repayment challenges, Wall Street's influence, and the current debt crisis and its specificity.

The US Congress held a hearing titled "Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency", while countries around the world are joining the de-dollarization rebellion against Washington's exorbitant privilege. VIDEO: https://youtube.com/watch?v=94YZ9TKFOac

Economists Radhika Desai and Michael Roberts discuss the US debt ceiling deal reached by President Joe Biden and the Republican opposition, and what it means for the future of the economy. VIDEO: https://youtube.com/watch?v=fwZWYqcFvCY You can watch other episodes of their program Geopolitical Economy Hour here: https://youtube.com/playlist?list=PLDAi0NdlN8hMl9DkPLikDDGccibhYHnDP

Ben Norton discusses the rise and fall of US-led neocolonial financial order, from the 1944 Bretton Woods conference that established the US dollar as the global reserve currency; to the 1971 Nixon Shock that ended the gold standard, Volcker Shock, Third World debt crisis, and emergence of neoliberalism; and finally to the historic growth of China and consolidation of the Global South-led BRICS bloc. VIDEO: https://youtube.com/watch?v=XTq9P4avOEk

Former US President Donald Trump boasted at a campaign rally, "When I left, Venezuela was ready to collapse. We would have taken it over; we would have gotten to all that oil; it would have been right next door". This confirms the ulterior motives behind Washington's 2019 coup attempt with Juan Guaidó. VIDEO: https://youtube.com/watch?v=uqE-WqxfT1E Trump advisor John Bolton admits planning US coups in Venezuela and beyond: https://geopoliticaleconomy.com/2022/07/12/trump-john-bolton-coups-venezuela Trump wanted US military attacks on Venezuela, Defense Secretary Mark Esper details in book: https://geopoliticaleconomy.com/2022/05/19/trump-us-military-venezuela-mark-esper How Trump and John Bolton attempted a coup in Venezuela: https://youtube.com/watch?v=tzoJ_UVBV7w

Media falsely claims China building spy base in Cuba, Pentagon debunks the story. Manipulative nature of media exposed, impacting US-China relations. False narrative of Russia bribing Taliban debunked, CIA's role in spreading misinformation revealed. False claims of Havana syndrome discussed, contradictions within US government highlighted.

The BRICS bloc’s New Development Bank (NDB), an alternative to the US-dominated World Bank, is de-dollarizing its loans, promoting local currencies, and growing with new members from across the Global South. VIDEO: https://youtube.com/watch?v=ltteCyO366o Sources and more information here: https://geopoliticaleconomy.com/2023/06/06/brics-new-development-bank-dollar-adding-members Check out our related video "BRICS is adding members, planning new currency to challenge US dollar": https://youtube.com/watch?v=PfXyNqg8NDI

Foreign ministers from BRICS (Brazil, Russia, India, China, and South Africa) met to discuss expanding the Global South-led bloc and creating a new global reserve currency to challenge the US dollar. VIDEO: https://youtube.com/watch?v=PfXyNqg8NDI Sources and more information here: https://geopoliticaleconomy.com/2023/06/03/brics-adding-members-currency-us-dollar