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HomeTagsPetrodollar

Petrodollar

Then and now: Over 60 years of revolutionary solidarity from Vietnam to Palestine

Workers World Party salutes the 50th anniversary of the stunning victory of the long struggle in Vietnam for national liberation and an end to imperialist occupation. On April 30, 1975, the last U.S. collaborators, contractors and advisers fled Saigon, literally hanging onto the skids of U.S. evacuation helicopters as the victorious National Liberation Front forces…

New York City: Meeting on Vietnam: 50th Anniversary of Peace & Social Progress

Home » Global » Asia & the Pacific » New York City: Meeting on Vietnam: 50th Anniversary of Peace & Social Progress New York City Some of us can still remember the thrill of spending April 50 years ago hearing the media recount the day-by-day victories of the People’s Army of Vietnam. Their units, seemingly…
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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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Then and now: Over 60 years of revolutionary solidarity from Vietnam to Palestine

Workers World Party salutes the 50th anniversary of the stunning victory of the long struggle in Vietnam for national liberation and an end to imperialist occupation. On April 30, 1975, the last U.S. collaborators, contractors and advisers fled Saigon, literally hanging onto the skids of U.S. evacuation helicopters as the victorious National Liberation Front forces…

New York City: Meeting on Vietnam: 50th Anniversary of Peace & Social Progress

Home » Global » Asia & the Pacific » New York City: Meeting on Vietnam: 50th Anniversary of Peace & Social Progress New York City Some of us can still remember the thrill of spending April 50 years ago hearing the media recount the day-by-day victories of the People’s Army of Vietnam. Their units, seemingly…

Part 1 – South China Sea, 1970: How U.S. crimes against Vietnam sparked mutiny

As part of Workers World’s coverage marking the 50th anniversary of the liberation of Vietnam on April 30, 1975, we publish Part 1 of Al Glatkowski’s story told to Workers World managing editor John Catalinotto. It concerns a March 1970 direct action he and Clyde McKay took to stop U.S. bombs from slaughtering women, children…

Defections Rock UAE-Backed Forces in Yemen as Trump’s War Plan Falters

Around 100 officers from the UAE-backed National Resistance Forces (NRF) in Yemen have defected to join Ansar Allah, delivering a major blow to U.S. and Gulf-backed efforts inside the country. The development comes amid threats of a U.S.-supported ground offensive and intensified American airstrikes against civilian targets. On Sunday, approximately 100 officers from Yemen’s United…