petrodollar
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The Petrodollar Is Under Attack: Here’s What You Need To Know

Once upon a time, the U.S. dollar was backed by the gold standard in a framework that established what was known as the Bretton-Woods agreement, made in 1944. The dollar was fixed to gold at a price of $35 an ounce, though the dollar could earn interest, marking one notable difference from gold. The system ended up Read More…

Myanmar
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Activists Are Documenting The Ethnic Cleansing in Myanmar — But FB Is Censoring Their Posts

Facebook is silencing Rohingya activists based in Burma (also known as Myanmar) and in Western countries, the Daily Beast reports. According to the report, Facebook has been removing posts documenting incidents of ethnic cleansing of the Rohingya people, and these Facebook users are frequently having their accounts suspended or taken down. The Rohingya are a Muslim ethnic Read More…

Syria
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The US Has New Red Line in Syria — And It’s Ridiculous

In its latest breach of international law, the U.S. is unilaterally attempting to prevent the Syrian government from reclaiming its own territory. From Reuters: “U.S.-backed Syrian militias will not let government forces cross the Euphrates River in their bid to recover eastern Syria, their commander said on Friday, but Russia said army units had already done Read More…

hurricanes
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5 Stories You’re Missing While Monster Hurricanes Cause A Media Frenzy

Since the end of August, calamitous hurricanes have dominated the news cycle. From Harvey to Irma to Maria, which grew from a Category 1 to a Category 5 storm in just half a day, many people want to stay informed about the struggle and damage these natural disasters are leaving in their wake. Unsurprisingly, the media’s obsessive Read More…

Russian
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Putin Orders End To US Dollar Trade At Russian Seaports

Whether in response to rising scorching tensions with the US, or simply to provide support for the ruble, on Tuesday Russian President Vladimir Putin instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, RT reported citing the Kremlin website. The head of Russian antitrust watchdog FAS Read More…

China
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US Sanctions Backfire: China Opens New Credit Line To Iran, Bypassing US Dollar

Following the Trump administration’s move to target Iran with fresh sanctions while ending sanctions relief, China has come to Iran’s aid with an extraordinary gesture. According to the Times of Israel, the president of Iran’s central bank announced that a Chinese state-owned investment firm has provided a $10 billion credit line for Iranian banks. The contract for Read More…