United States Federal Reserve Chairman Jerome Powell on Friday hinted at that a global digital currency is being created to replace the US Dollar, as part of the ‘Great Reset‘ agenda. Speaking at the Federal Reserve Board’s “International Roles of the U.S. Dollar” research conference in Washington D.C., Powell began by suggesting the dollar’s role as the world’s reserve currency in the... 

The authorities of the Kingdom of Saudi Arabia consider a possibility to abandon the US dollar as the main currency in payments for Saudi oil. Riyadh may make such a decision in the event the United States passes a new law to ban the Organization of Petroleum Exporting Countries, OPEC. High-ranking Saudi officials in charge of the energy sector have been discussing the prospect of waiving the US dollar... 

China and Russia have effectively switched to domestic currencies in trading using financial tools as swaps and forwards, as they seek to reduce the influence of the US dollar and foreign exchange risks. The agreement signed in the end of October comes into force Monday, December 29, and provides a currency swap of CNY150 billion (up to US$25 billion). The country’s Foreign Exchange Trade System... 

The United States is experiencing an “economic collapse” because major powers like China and Russia have decided not to use US dollar in trade, a political analyst says. “The American economy is just beginning to collapse. China, Russia and many other countries are moving away from using the US dollar in trade,” Linh Dinh said in an interview with Press TV on Tuesday. “So when the US dollar... 

The Egan-Jones agency has downgraded the US credit rating for the second time to AA as debt to GDP surpasses the 100 percent mark and is worsening. Press TV has interviewed Allen Roland, freelance alternative press online columnist in Sonoma California about the latest down grade adjustment to the US economy; how the administration is performing their duty to accurately inform Americans; and how this... 

New Western sanctions seek to prevent other countries from importing Iran's crude oil. India has agreed to pay the price of crude oil it imports from Iran in gold, which makes it the first country to drop the US dollar for purchasing the Iranian oil. According to a report published by DEBKAfile news website, unnamed sources have stressed that China is also expected to follow suit. India and China... 

United States, Washington: The US Treasury on August 5, 2011 after Standard & Poor's cut the US credit rating for the first time in history. The US has lost its top-level triple-A credit rating for the first time since 1917, after Standard & Poor’s downgraded it to an AA-plus, with an even lower AA rating on the horizon. ­The decision comes after the White House and lawmakers reached... 

Normally when I cover subjects in the economy, I try to take a “macro” approach, giving an overall view of various financial elements around the world and how they are clearly connected to one another in a greater synchronous social force. That is to say, in Chinese domestic consumption, or European debt obligations, or Russian gold reserves, and in many other factors, is encoded the very future... 

Iranian President Mahmoud Ahmadinejad said Friday U.S. dollars are “worthless paper” that the U.S. government injects into the world economy in exchange for goods and services. Continuing with his U.S. bashing at a press conference in Shanghai, he said the U.S. deficit is “theft of the wealth of other nations.” The Iranian president was attending the World Expo’s... 

Pure Magic (Alan Greenspan & Ben Bernanke) Barbara Cargill says the Federal Reserve presided over a 95 percent decline in the U.S. dollar The dollar ain’t what it used to be, and State Board of Education member Barbara Cargill wants Texas students to know it. The board hammered out more than 300 proposed changes to the state’s social studies curriculum in its January and March meetings,... 

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What Good Are Snakes? Snakes do plenty of good things, especially for farmers. Snakes eat mice, rats, gophers, and other small mammals that eat farm crops. Snakes also help scientists and doctors. Snake venom is used in research and in making medicines. One medicine made from venom helps treat certain types of heart attacks. Another is antivenin (an tee VEHN uhn), a drug used to treat snakebites. To...