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The Federal Reserve is not working for the people but for wealthy individuals and corporations that can afford to have a say in the rules.
It’s China’s Turn To Give Peace a Chance
A major shift in global relations has recently transpired. To some in America, it may look like the second coming of the Evil Empire. To much of the rest of the world, it’s a welcome chance for a renewed multipolar order, where the sovereign desires of nations are respected and new collaborations can be established. The deal brokered between Iran and Saudi Arabia, brought together by China, to restore diplomatic relations, is a clear example of that. The 20-year anniversary of the Iraq War is bringing even more attention to the faltering era of U.S. global hegemony and bullying. To add to that, America’s thirst for war with China spells out its acknowledgement of its waning dominance in the world. The last two decades in the Middle East serve as the quintessential case study of U.S. foreign policy and how it served the interests of America’s biggest corporations and stakeholders.
University of Michigan Professor Juan Cole, a leading Middle East expert, joins host Robert Scheer this week on Scheer Intelligence to discuss the diminishing role of the U.S. in the world, the way its wars in the Middle East led to this point, and how China is emerging as a frontrunner in the new multipolar world. “The United States is not the only game in town anymore, and that's not been the case since the end of World War II, when the U.S. was 50% of the world economy. It's just becoming smaller, it has a smaller proportion of world wealth and power,” Cole said.
Despite the U.S.’s best efforts to thwart prosperity in Iran, countries like China have been circumventing their dollar dominance and now sit in the driver’s seat. “Most countries have been strong-armed by the United States—South Korea, Japan and the European countries—not to buy Iranian petroleum. China has defied the U.S. in this regard and can do so because it has a big, complex economy,” Cole said.
Looking at the skeletons inside the NFL’s closet
Renowned sports journalist Dave Zirin talks about his latest documentary, which explores the unjust, unfair and deeply racist history of the NFL coupled with its commitment to nationalism, militarism and corporatism.
The Nightmare Espionage Act That is Killing Julian Assange and the First Amendment
The use of the century old Espionage Act in the Julian Assange case continues to set the chilling precedent of a bleak future in American journalism, a precedent that endangers even those outside US borders.
Ray McGovern: The Last Chance to Avoid World War III?
After a year of war and carnage in Ukraine, the fighting continues, and there are no signs of it slowing down. In fact, military budgets have increased, the weapons shipments have multiplied and the number of countries involved has reached world war levels. In a time of conflicting narratives, misinformation and rampant propaganda, history proves to be one of the few sources of wisdom left to predict and caution what the future holds.