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Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

    Petrodollar Warfare: The Common Thread Linking Venezuela and Iran

WASHINGTON — Last Wednesday, U.S. Secretary of State Mike Pompeo gave a disturbing interview to Fox Business Network in which he divulged his plans to form a NATO-type alliance against Iran. The U.S. has long accused Iran of supporting terrorism, accusations that have ramped up under the Trump administration. Pompeo said, without a hint of…

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As Venezuela Prepares to Dump Dollar, Caracas Moves to Repatriate Gold from Bank of England

    As Venezuela Prepares to Dump Dollar, Caracas Moves to Repatriate Gold from Bank of England

Venezuela is looking to repatriate 14 tonnes of gold from the Bank of England as US-led sanctions target their international assets, Reuters has reported. The move, which will bring around US $550 million of international reserves back under Caracas’ control, was initiated two months ago by the Central Bank of Venezuela (BCV), according to an unnamed official…

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Turkey Joins Other Nations Flocking from US Dollar Hegemony

    Turkey Joins Other Nations Flocking from US Dollar Hegemony

After Venezuela, Germany, Austria and the Netherlands prudently repatriated a substantial portion (if not all) of their physical gold held at the NY Fed or other western central banks in recent years, this morning Turkey also announced that it has decided to repatriate all its gold stored in the US Federal Reserve and deliver it to the Istanbul Stock Exchange, according to reports…

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