No country has successfully challenged the U.S. dollar’s global hegemony—until now. How did this happen and what will it mean?
Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United States.” Foreign governments, needing dollars, not only accept them in trade but buy U.S. securities with them, effectively funding the U.S. government and its foreign wars. But no government has been powerful enough to break that arrangement – until now. How did that happen and what will it mean for the U.S. and global economies?
Continue readingFiled under: Ellen Brown Articles/Commentary | Tagged: Global Reserve Currency, Gold Standard, Matt Ehret, Michael Hudson, Pepe Escobar, Petrodollar, Petroruble, Putin, Ruble, Russia, Russian Oil, Sergei Glazyev, Ukraine, Ukraine Conflict | 28 Comments »
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The Food Shortage Solution in Your Own Backyard
While the global food systems we depend on come under increasing strain, there’s a solution to the growing crisis that most Americans can find in their own backyards–or front lawns.
A confluence of crises—lockdowns and business closures, mandates and worker shortages, supply chain disruptions and inflation, sanctions and war—have compounded to trigger food shortages; and we have been warned that they may last longer than the food stored in our pantries. What to do?
Jim Gale, founder of Food Forest Abundance, pointed out in a recent interview with Del Bigtree that in the United States there are 40 million acres of lawn. Lawns are the most destructive monoculture on the planet, absorbing more resources and pesticides than any other crop, without providing any yield. If we were to turn 30% of that lawn into permaculture-based food gardens, says Gale, we could be food self-sufficient without relying on imports or chemicals.
Continue reading →Filed under: Ellen Brown Articles/Commentary | Tagged: Dachas, economy, food shortages, gardening, lawns, permaculture, Russia | 11 Comments »