MICHAEL HUDSON—The confiscation of Venezuela’s gold reserves in London and its US investments, the confiscation of $300 billion of Russia’s foreign-exchange reserves held in the United States and Europe, and its threat to do the same to China and other countries resisting US foreign policy has made de-dollarization urgent. I have explained the logic in many points, from my Valdai Club article (with Radhika Desai) to my recent book on The Destiny of Civilization, the lecture series that I prepared for Hong Kong and the Global University for Sustainability.
THE WORLD
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Union Hopes High as Chileans Rewrite Anti-Labor Constitution
23 minutes readYOEL BITRAN—In 1989, a combination of mass protests and rising international condemnation forced the dictatorship to call for elections. But the Chilean oligarchy—which consists of the traditional land-owning aristocracy and newer generations of capitalist families—knew that though the dictator would fall, their constitution would stay intact. This meant, as Guzman predicted, that any significant changes would be rendered impossible. Thirty years later, Chile continued to have an extremely high level of economic inequality, with the highest income gap in the OECD countries.
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Over 1 Million People March in Chile’s Largest Protest
19 minutes readAn online poll conducted by local company Activa Research of 2,090 people between Oct. 22-23 found 83 percent of respondents said they supported the goals of the demonstrators. The principal causes of the protests were low salaries, utility prices, pensions and economic inequality, the poll said.
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Ukraine Preparing Massive Forces To Attack Donbass During FIFA Football World Cup In Russia
4 minutes readThe Ukrainian failed state—corrupt to the hilt, fascist, and sponsored by the West as an irritant and advanced platform for attacks against the Russian hinterland—is being readied for a probable assault on Donbass, designed to embroil Russia in some form of military response in the middle of the World Cup.
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PAUL CRAIG ROBERTS—Putin should tell Trump that whenever, if ever, Trump achieves control of the Deep State and can act independently as a president of the United States, then, and only then, he is welcome to Moscow to discuss the conditions on which the two countries can cooperate and mutually benefit. God forbid that Putin, who holds all the weapons cards, agree to any arms control with a government that has broken every agreement and thrown the pieces into the face of the Russian government. If Putin succumbs to the Western harlot, Russia will be destroyed.