Geopolitical Economy Report

US Treasury Secretary Janet Yellen admitted to CNN that Washington’s unilateral sanctions on countries around the world “could undermine the hegemony of the dollar”. VIDEO: https://youtube.com/watch?v=Ser-BHLOkvk Sources and more information here: https://geopoliticaleconomy.com/2023/04/17/sanctions-hegemony-dollar-us-treasury-yellen BRICS Bank de-dollarizing, promises 30% of loans in local currencies, new chief Dilma Rousseff says: https://geopoliticaleconomy.com/2023/04/15/brics-bank-dollar-local-currencies-dilma Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN: https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean

The podcast discusses the BRICS Bank's move towards de-dollarization and providing loans in local currencies to help countries in the Global South develop. It explores the expansion of the BRICS Development Bank and its impact on developing nations. The podcast also delves into the collaboration between China and Brazil and the potential for a common currency. Additionally, it explores the decline of US hegemony and the rise of a multipolar economic architecture.

Brazil's President Lula da Silva took a historic trip to China, where he signed many cooperation agreements and pledged to challenge the dominance of the US dollar. VIDEO: https://youtube.com/watch?v=yQJYevxPcYc Sources and more information here: https://geopoliticaleconomy.com/2023/04/15/brazil-lula-china-us-dollar-dominance Countries worldwide are dropping the US dollar: De-dollarization in China, Russia, Brazil, ASEAN: https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean Brazil and Argentina preparing new Latin American currency to ‘reduce reliance on US dollar’: https://geopoliticaleconomy.com/2023/01/22/brazil-argentina-latin-american-currency-dollar

Economists Radhika Desai and Michael Hudson discuss Russia's shift away from the West, exploring its alignment with China and non-Western countries. They analyze the challenges of transitioning from neoliberalism, including debt in the Global South and the emergence of regional agreements. The podcast also discusses the need for a revolution, critiques of neoliberalism, the concept of multi-polarity in international relations, and the shift towards socialism and multi-polarity in Eurasia.

France’s President Emmanuel Macron told Xi Jinping that he opposes the US war drive against China and wants an independent Europe with “strategic autonomy”. But he has made comments like this before, yet failed to challenge Washington’s hegemony. VIDEO: https://youtube.com/watch?v=kseAIrInKcM Sources and more information here: https://geopoliticaleconomy.com/2023/04/11/france-macron-us-china-independent-europe Ukraine’s Zelensky admits he sabotaged Minsk peace deal with Russia, West blocked negotiations: https://geopoliticaleconomy.com/2023/02/10/ukraine-zelensky-minsk-peace-russia/ US invites authoritarian far-right regimes to ‘Summit for Democracy’: https://geopoliticaleconomy.com/2023/04/01/us-authoritarian-summit-for-democracy/

US bank bailout favored billionaires and big corporations, exposing corruption and the need for stronger regulations. The podcast explores the impact of the 2008 financial crash, recent bank collapses, and the misleading aspects of the bailout. It also highlights the disproportionate burden on the working class and the consequences of rising interest rates and the bank crisis.

Historian Aaron Good discusses US President John F. Kennedy's economic policies and his clashes with US Steel and Wall Street, as well as the deaths of UN Secretary General Dag Hammarskjöld and oligarch Michael Rockefeller. VIDEO: https://youtube.com/watch?v=H4HiC0Hxsrw This is from the Empire and the Deep State series that we are co-hosting with historian Aaron Good and producer Seamus McGuinness of the American Exception podcast. This is part 4 of our historical analysis of the JFK administration. PLAYLIST with past episodes in the series here: https://youtube.com/playlist?list=PLDAi0NdlN8hNArLl765PXe8tsTKmOciGL You can support American Exception at https://Patreon.com/AmericanException

The UN Human Rights Council voted overwhelmingly to condemn sanctions. The only countries that expressed support for unilateral coercive measures were the US, UK, EU member states, Georgia, and Ukraine. VIDEO: https://youtube.com/watch?v=q8vQSpXHtmM Sources and more information here: https://geopoliticaleconomy.com/2023/04/06/west-sanctions-un-human-rights-council

The global de-dollarization campaign is gaining momentum, challenging the hegemony of the US dollar. China and Russia are trading in their own currencies. Beijing and Brazil dropped the dollar in bilateral trade. The UAE is selling China its gas in yuan, through a French company. Southeast Asian nations in ASEAN are de-dollarizing their trade, promoting local payment systems. Kenya is buying Persian Gulf oil with its own currency. The Financial Times acknowledges that a "multipolar currency world" is emerging. VIDEO: https://youtube.com/watch?v=kz5UmwhQuiU Sources and more information here: https://geopoliticaleconomy.com/2023/04/06/dedollarization-china-russia-brazil-asean China & Russia pledge ‘changes not seen in 100 years’: Xi & Putin take aim at US dollar hegemony: https://geopoliticaleconomy.com/2023/03/25/china-russia-xi-putin-dollar-economy Brazil and Argentina preparing new Latin American currency to ‘reduce reliance on US dollar’: https://geopoliticaleconomy.com/2023/01/22/brazil-argentina-latin-american-currency-dollar

Historian Aaron Good discusses US President John F. Kennedy's policies toward Africa, particularly Congo and its anti-colonial leader Patrice Lumumba, as well as Indonesia's leftist nationalist President Sukarno. VIDEO: https://youtube.com/watch?v=V_h_3SYc0c8 This is the Empire and the Deep State series that Geopolitical Economy Report editor Ben Norton is co-hosting with Aaron Good and Seamus McGuinness of the American Exception podcast. This is part 3 of our historical analysis of the JFK administration. PLAYLIST with past episodes in the series here: https://youtube.com/playlist?list=PLDAi0NdlN8hNArLl765PXe8tsTKmOciGL You can support American Exception at https://Patreon.com/AmericanException