News from the Evil Empire April 9th
Some interesting news and articles worth reading
In the United Nations Human Rights Council, the West voted against the rest of the World, supporting unilateral coercive measures, known popularly as sanctions, which violate international law.
Ops! Here the list of the Evil Empire actors:
And not only, same day another resolution against "Effects of foreign debt and other related international financial obligations of States on the full enjoyment of all human rights, particularly economic, social and cultural rights". This is how US historically creating IMF and World Bank kept a knife under many Nations throat around the World since WWII… Almost same majority and same opposing:
Please note those ex Soviet countries now mostly EU how cowards they are, and how they act as US Puppets: Albania, Bulgaria, Romania, Montenegro, Georgia, Lithuania… They should be kicked off Europe if EU wasn’t that CIA/DoD depandance that it is!
And finally Geopolitical Economy remind us that “in the November 7 2023 UN General Assembly session, nations debated a draft that condemned unilateral coercive measures, or sanctions, for violating the human rights of civilians in targeted countries.
The resolution passed with 128 votes in favor and 54 against, and no abstentions.”
Do you live in one of those Evil Empire countries? Can you call it a Democracy then?
But not only US keep provoking Russia with the Puppets of Nato countries (Armenia security agreement), EU Servants, but since a while China is the long term enemy to fight against. So as we red above, Western Evil Empire got a defeat about Sanctions concept and use, so Mrs Yellen flew to Beijing few days ago.
Yellen Dispatched to Beg China for Face-Saving Slowdown
Nice and deep article (and even ironic and funny) on the fears, the real one that the Evil Empire have of China. Or do you really believe that was about war, military and arms?? Please! It’s all about MONEY and POWER and the Evil Countries are losing even if they want to show us they’re healthy…
Did you read the China Foreign Office fundamental document on United States behaviors? No? So here is it the part regarding the Economy. I must admit there is nothing you can oppose to, it’s all true and real facts. The Oriental way of speaking and writing is not like our western bullshit propaganda habits…
From the “US Hegemony and Its Perils” February 2023:
Section III: Economic Hegemony - Looting and Exploitation
After World War II, the United States led efforts to set up the Bretton Woods System, the International Monetary Fund and the World Bank, which, together with the Marshall Plan, formed the international monetary system centered around the U.S. dollar. In addition, the United States has also established institutional hegemony in the international economic and financial sector by manipulating the weighted voting systems, rules and arrangements of international organizations including "approval by 85 percent majority," and its domestic trade laws and regulations. By taking advantage of the dollar's status as the major international reserve currency, the United States is basically collecting "seigniorage" from around the world; and using its control over international organizations, it coerces other countries into serving America's political and economic strategy.
◆ The United States exploits the world's wealth with the help of "seigniorage." It costs only about 17 cents to produce a 100 dollar bill, but other countries had to pony up 100 dollar of actual goods in order to obtain one. It was pointed out more than half a century ago, that the United States enjoyed exorbitant privilege and deficit without tears created by its dollar, and used the worthless paper note to plunder the resources and factories of other nations.
◆ The hegemony of U.S. dollar is the main source of instability and uncertainty in the world economy. During the COVID-19 pandemic, the United States abused its global financial hegemony and injected trillions of dollars into the global market, leaving other countries, especially emerging economies, to pay the price. In 2022, the Fed ended its ultra-easy monetary policy and turned to aggressive interest rate hike, causing turmoil in the international financial market and substantial depreciation of other currencies such as the Euro, many of which dropped to a 20-year low. As a result, a large number of developing countries were challenged by high inflation, currency depreciation and capital outflows. This was exactly what Nixon's secretary of the treasury John Connally once remarked, with self-satisfaction yet sharp precision, that "the dollar is our currency, but it is your problem."
◆ With its control over international economic and financial organizations, the United States imposes additional conditions to their assistance to other countries. In order to reduce obstacles to U.S. capital inflow and speculation, the recipient countries are required to advance financial liberalization and open up financial markets so that their economic policies would fall in line with America's strategy. According to the Review of International Political Economy, along with the 1,550 debt relief programs extended by the IMF to its 131 member countries from 1985 to 2014, as many as 55,465 additional political conditions had been attached.
◆ The United States willfully suppresses its opponents with economic coercion. In the 1980s, to eliminate the economic threat posed by Japan, and to control and use the latter in service of America's strategic goal of confronting the Soviet Union and dominating the world, the United States leveraged its hegemonic financial power against Japan, and concluded the Plaza Accord. As a result, Yen was pushed up, and Japan was pressed to open up its financial market and reform its financial system. The Plaza Accord dealt a heavy blow to the growth momentum of the Japanese economy, leaving Japan to what was later called "three lost decades."
◆ America's economic and financial hegemony has become a geopolitical weapon. Doubling down on unilateral sanctions and "long-arm jurisdiction," the United States has enacted such domestic laws as the International Emergency Economic Powers Act, the Global Magnitsky Human Rights Accountability Act, and the Countering America's Adversaries Through Sanctions Act, and introduced a series of executive orders to sanction specific countries, organizations or individuals. Statistics show that U.S. sanctions against foreign entities increased by 933 percent from 2000 to 2021. The Trump administration alone has imposed more than 3,900 sanctions, which means three sanctions per day. So far, the United States had or has imposed economic sanctions on nearly 40 countries across the world, including Cuba, China, Russia, the DPRK, Iran and Venezuela, affecting nearly half of the world's population. "The United States of America" has turned itself into "the United States of Sanctions." And "long-arm jurisdiction" has been reduced to nothing but a tool for the United States to use its means of state power to suppress economic competitors and interfere in normal international business. This is a serious departure from the principles of liberal market economy that the United States has long boasted.
Txs for reading!
The Hegemon is cannibalizing itself to "save the Dollar Empire".