Empire’s Blues: Use of Petrodollars Starting to Slide
Further bad news for the US Empire. Russia has now passed Saudi Arabia as a trade partner with China. In addition, Russia has agreed to be paid for their oil in Chinese currency instead of dollars. As part of BRICS, China and Russia are the most militant in fighting for an alternative to the dollar and the International Monetary Fund. An important question is what will India and Brazil do?
About The Author
Bruce
Bruce Lerro has taught for 25 years as an adjunct college professor of psychology at Golden Gate University, Dominican University and Diablo Valley College. He has applied a Vygotskian socio-historical perspective to his four books: From Earth-Spirits to Sky-Gods: the Socio-ecological Origins of Monotheism, Individualism and Hyper-Abstract Reasoning Power in Eden: The Emergence of Gender Hierarchies in the Ancient World Co-Authored with Christopher Chase-Dunn Social Change: Globalization from the Stone Age to the Present and Lucifer's Labyrinth: Individualism, Hyper-Abstract Thinking and the Process of Becoming Civilized He is also a representational artist specializing in pen-and-ink drawings. Bruce is a libertarian communist and lives in Olympia WA.