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geopoliticaleconomy

Geopolitical Economy Report

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Independent news, investigative journalism, and analysis of the changing world.

The highest-ranking US military official admitted that the Chinese balloon that crossed into US territory in February was NOT spying; it was accidentally blown off course by wind. We look back at the media's ridiculous manufactured crisis. /// #China #newcoldwar #media #propaganda #balloon created by Geopolitical Economy Report with Geopolitical Economy Report's sonido original - Geopolitical Economy Report
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The highest-ranking US military official admitted that the Chinese balloon that crossed into US territory in February was NOT spying; it was accidentally blown off course by wind. We look back at the media's ridiculous manufactured crisis. /// #China #newcoldwar #media #propaganda #balloon
The Western media mostly ignored it, but Global South countries making up 80% of the world population just held the G77+China summit in Cuba. They issued a powerful call to transform the "unfair international economic order". /// #GlobalSouth #colonialism #neocolonialism #imperialism #G77 #economy
Condemning Washington's "hegemonic mindset" and sanctions, China strengthened its strategic partnership with Venezuela. The oil-rich South American nation's President Nicolás Maduro took a historic trip to Beijing, and applied to join BRICS. /// #Venezuela #China #LatinAmerica #geopolitics #BRICS
In its South Africa summit, BRICS invited six new members: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE. The bloc now represents 37% of global GDP (PPP), 40% of global oil production, and roughly 1/3rd of global gas production, challenging the US petrodollar system. /// #BRICS #oil #dollar #geopolitics #economics #economy
The BRICS bloc of Brazil, Russia, India, China, and South Africa is holding a historic summit in Johannesburg, discussing expansion and de-dollarization, amid an internal debate: Will it openly challenge the Western-led G7 and its exploitation of the Global South, or will it simply promote neutrality? /// #BRICS #politics #geopolitics #China #SouthAfrica #India
US government documents admit that the atomic bombing of Hiroshima and Nagasaki was not necessary to end WWII. Japan was on the verge of surrendering. The nuclear attack was the first strike in Washington's Cold War on the Soviet Union. // #history #WWII #Japan #oppenheimer #nuclear #war
The US and France have threatened foreign intervention to re-install a pro-Western regime in Niger, which produces uranium needed for nuclear energy and hosts large US drone bases. This follows coups led by nationalist, anti-colonial military officers in neighboring Burkina Faso and Mali, which warn intervention could set off a regional war in West Africa. // #Niger #BurkinaFaso #Mali #WestAfrica #Africa #geopolitics
In this animated explainer video, economists Radhika Desai and Michael Hudson explain the reality of inflation. (Drawings and animations by the very talented motion designer Giandavide Locicero at Pomona Pictures) // #inflation #economy #economics #finance #money
Today, former President Barack Obama makes excuses for the US government's failure to do its part to fight climate change (and stop destroying the planet with endless wars). But in a 2018 speech surrounded by wealthy bankers and elite Republican politicians, Obama boasted of making the US the world's largest oil producer, while enriching Wall Street. // #politics #oil #hypocrisy #corruption #Obama #WallStreet
Rising corporate profits have caused 45% of inflation in Europe, according to research by IMF economists. Profits have fueled inflation even more than the Ukraine war and Western sanctions on Russia. But Western central banks are putting the burden on workers, trying to reduce their wages.
Countries around the world are joining the de-dollarization rebellion against the "exorbitant privilege" of the hegemonic US currency. Congress is so concerned, it held a special hearing called "Dollar Dominance: Preserving the US Dollar’s Status as the Global Reserve Currency". /// #dollar #dedollarization #congress #economy #economics #politics
Trump's neoconservative National Security Advisor John Bolton made it clear from the beginning of the US coup attempt against Venezuela in January 2019 that US corporations wanted to exploit its massive oil reserves, which had been nationalized by President Hugo Chávez. Bolton later bragged about his experience organizing coups, insisting it's hard work overthrowing democratically elected foreign governments. /// #DonaldTrump #Trump #venezuela #coup #JohnBolton #corporations
Former US President Donald Trump boasted at a rally that he wanted to "take over" Venezuela: "we would have gotten all that oil". This confirms the sinister motives behind the 2019 US coup attempt to overthrow elected President Nicolás Maduro and install unelected Juan Guaidó. /// #Trump #DonaldTrump #Venezuela #oil #politics #imperialism
Major media outlets claimed China is building a secret station in Cuba to spy on the US, citing anonymous intelligence officials. But the Pentagon admitted this story is false. It's part of an information war against Beijing -- and could sabotage any attempts at diplomacy. /// #China #propaganda #fakenews #media #Cuba #politics
US politicians from both parties agree: the deficit doesn’t actually matter. In the bipartisan deal to raise the debt ceiling, Biden, Democrats, and Republicans are boosting military spending to $886 billion while restricting food stamps for the poor. /// #hypocrisy #politics #Biden #imperialism #poverty #militaryindustrialcomplex
Ecuador's right-wing President Guillermo Lasso, a multimillionaire banker notorious for blatant corruption, dissolved the National Assembly to prevent it from impeaching him for embezzling public funds. The US government is strongly supporting the dictator as he rams through extreme anti-worker laws. /// #Ecuador #GuillermoLasso #corruption #imperialism #LatinAmerica
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