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Petrodollar

Workers force Europe’s capitalists to act on Palestine

Home » Editorials » Workers force Europe’s capitalists to act on Palestine Generally the capitalist class and its state apparatus conduct themselves in a manner detrimental to workers and oppressed people. Yet sometimes there’s a deviation from this pattern. When that happens, it’s important to examine how the pressure from the working class pushed the…

The Global Sumud (Steadfast) Flotilla heads to Gaza

The Global Sumud Flotilla, which is bringing food and humanitarian aid to Gaza, with its participants hoping to establish a humanitarian corridor for the continuation of that aid — and to break Israel’s naval blockade — is still on its way to Gaza. This is despite Israel’s assaults with drone attacks, sound bombs, explosive flares…
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How The Rich Are Prepping For End Times, And Why

The ultrarich are prepping for doomsday right now. France is on fire. The U.S. ruling elite and the mainstream media they own are avoiding reporting on it. The American rich want to exploit the workers more and more, and facing the wrath of the “common man and woman” is their greatest fear. So they have…

American Exceptionalism Is on the Ropes and the End of the Petrodollar Is Nigh

The pressure on the global economy imposed by the measures to curb the COVID-19 pandemic threatens to erode whatever confidence the world still has in the U.S. dollar as a viable reserve currency. A shortfall in U.S. domestic savings, dropping to 1.4 percent of national income, brought on by the drawn-out shutdowns and structural changes to…

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…

Jesus Rodriguez, ex-Cónsul General to US, Discusses Maduro, Petro, Venezuelan Grit

CARACAS, VENEZUELA — With U.S. sanctions suffocating the South American nation of Venezuela, incumbent President, and U.S. target, Nicolas Maduro is preparing for an election in late May that will likely result in his retaining his office. This is unfortunate for Washington, which has thrown its lot in via millions of dollars lavished on an…

Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

BEIJING — Wall Street is bracing for a potential shake-up as China is set to launch its first-ever crude oil futures contract late March at the Shanghai Futures Exchange. The move, which had been laid out in 2012 but faced delays over possible market turbulence, could represent a bold step forward in China’s rise as…

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Workers force Europe’s capitalists to act on Palestine

Home » Editorials » Workers force Europe’s capitalists to act on Palestine Generally the capitalist class and its state apparatus conduct themselves in a manner detrimental to workers and oppressed people. Yet sometimes there’s a deviation from this pattern. When that happens, it’s important to examine how the pressure from the working class pushed the…

The Global Sumud (Steadfast) Flotilla heads to Gaza

The Global Sumud Flotilla, which is bringing food and humanitarian aid to Gaza, with its participants hoping to establish a humanitarian corridor for the continuation of that aid — and to break Israel’s naval blockade — is still on its way to Gaza. This is despite Israel’s assaults with drone attacks, sound bombs, explosive flares…

Disobey Trump! Obey humanity!

Home » Editorials » Disobey Trump! Obey humanity! We recently discussed the name change of the Department of Defense to the Department of War, highlighting Secretary of War Pete Hegseth’s apparent satisfaction with that change, which pointed toward imbuing the troops with a culture of wanton massacre. Today we have to admit we misjudged Hegseth’s…

Venezuela resistance meeting in NYC sets a new tone

By Sara Flounders and Tom Burke New York City This report is written by Sara Flounders, a leading member of Workers World Party, and Tom Burke, a leading member of Freedom Road Socialist Organization. A packed Assembly Hall at the prestigious Riverside Church in Manhattan was draped in Venezuelan colors and flags of resistance on…