The stock market crashed on August 5, in a new “Black Monday”. What caused it? Is the US on the verge of a new financial crisis?

We were joined by economist Michael Hudson to discuss the extreme volatility, AI / Big Tech bubble, Japanese yen carry trade unwind, Chinese economy, and geopolitical dangers:

https://geopoliticaleconomy.com/2024/08/07/stock-market-crash-financial-crisis-michael-hudson/

Geopolitical Economy Report

As stock market crashes, is US facing new financial crisis? Economist Michael Hudson explains

The stock market crashed on August 5, in a new

The EU's top diplomat, Josep Borrell, admitted that the West's foreign policy is based on “double standards”.

He acknowledged hypocrisy on international law, the Russia-Ukraine-NATO war, Israel’s bombing of Gaza, the US-led invasion of Iraq, and climate change.

https://geopoliticaleconomy.com/2024/07/18/eu-borrell-hypocrisy-double-standards-israel-ukraine-iraq/

Geopolitical Economy Report

EU admits it has hypocritical ‘double standards’ on Israel, Ukraine, Iraq, climate change

European Union foreign-policy chief Josep Borrell admitted the West has hypocritical

This is a very accurate and succinct summary of the era of US unipolar neoliberal hegemony, by China's longest-serving former ambassador to the US, Cui Tiankai:

The US declared the "end of history" and imposed the neoliberal Washington Consensus. In pursuit of "global hegemony", the US waged wars around the world and overthrew foreign governments. It brought chaos and caused a massive financial crisis.

Source: https://www.pekingnology.com/p/cui-tiankais-commencement-speech

143 countries, representing the vast majority of the world, voted at the UN General Assembly to support giving Palestine full membership. They were opposed by the US, Israel, and seven other small states, representing just 5% of the global population.

https://geopoliticaleconomy.com/2024/05/11/us-israel-vote-palestine-un-member/

Geopolitical Economy Report

USA & Israel defy world in vote to make Palestine full UN member

143 countries, representing the vast majority of the world, voted at the UN General Assembly to support giving Palestine full membership. They were opposed by the US, Israel, and seven other small states, representing just 5% of the global population.

US Senators sent a letter to the International Criminal Court (ICC) prosecutor, threatening to impose sanctions and even invade the Hague if it issues arrest warrants for Israel’s Prime Minister Benjamin Netanyahu.

The Biden administration is also pressuring the ICC not to charge Israeli officials over their war crimes in Gaza.

https://geopoliticaleconomy.com/2024/05/07/us-threat-icc-israel/

Geopolitical Economy Report

US politicians threaten to invade Int’l Criminal Court if Israel faces war crimes charges

US Senators sent a letter to the International Criminal Court (ICC) prosecutor, threatening to impose sanctions and even invade the Hague if it issues arrest warrants for Israel's Prime Minister Benjamin Netanyahu. The Biden administration is also pressuring…

China is de-dollarizing, reducing its holdings of US Treasury securities. Instead of investing in US government debt, Beijing is using its dollars to buy gold, oil, and strategic metals that are needed for its huge manufacturing sector.

We analyzed the geopolitical impact of de-dollarization in the world's largest economy:

https://www.youtube.com/watch?v=z-bnIrbZjaM

YouTube

De-dollarization: China drops US Treasury bonds, instead buys gold, oil, metals

China is reducing its holdings of US Treasury securities. Instead, the People's Bank of China is buying gold, and Beijing prioritizes imports of important commodities like oil and metals. Ben Norton discusses the geopolitical impact of de-dollarization in…

https://www.youtube.com/watch?v=Yoj8Sleb9XQ

YouTube

US sends Israel 100+ weapons shipments. Most Americans oppose it - but Biden ignores them.

The US government has sent Israel more than 100 arms shipments since October 7, to help it bomb Gaza. Polls show 52% of North Americans oppose these weapons sales. Biden is defying the Democratic Party's base, while allying with Trump and the Republicans.…

The US used its veto power to block a fourth UN Security Council resolution that called for a humanitarian ceasefire in Gaza.

The Biden administration keeps sending weapons to Israel, helping it violate an ICJ ruling that says Netanyahu must respect the Genocide Convention and stop killing Palestinians.

https://geopoliticaleconomy.com/2024/02/21/us-veto-un-resolution-gaza-israel-hague-genocide/

Numerous reports in major media outlets have documented how the US government has used the Drug Enforcement Administration (DEA) in order to spy on and try to destabilize left-wing governments in Latin America.

DEA meddling schemes have targeted Venezuela’s President Nicolás Maduro, Bolivia’s President Evo Morales, and Mexico’s President Andrés Manuel López Obrador (AMLO).

In these scandals, the DEA has collaborated with known criminals, including drug traffickers and money launderers, to launch sting operations against leftist politicians.

https://geopoliticaleconomy.com/2024/02/05/us-dea-spy-venezuela-mexico-bolivia/

The historic decision by the UN’s International Court of Justice (ICJ) that Israel may be violating the genocide convention is a victory for the Palestinian people, and Global South as a whole.

We explain why:

https://geopoliticaleconomy.com/2024/01/27/icj-israel-genocide-palestinians/

Geopolitical Economy Report

ICJ’s Israel genocide decision: Historic victory for Palestinians and Global South

The historic decision by the UN's International Court of Justice (ICJ) that Israel may be violating the genocide convention is a victory for the Palestinian people, and Global South as a whole, after centuries of Western colonialism.