VIRTUAL UNIVERSITY

P. GREANVILLE—False diversity of media content through “numerosity” (large numbers of media repeating the same story) is an old US method to manufacture verisimilitude for a total falsehood. Practicaly all Western false flag psyops use that approach.  As Zakharova indicates, Alexei Navalny is a Western intel asset, whose usefulness derives from his ability to provide demonisation copy about Russia for the benefit of Western audiences in the course of an ongoing color revolution against that nation. 

Since the end of the Bretton Woods system in 1971 the US dollar had become the global currency – a pure fiat currency without any gold backing – and had been used widely and routinely by other states as international reserves; as monies circulating in the dollarized countries; and as a means of payment in international trade. Ever since the US had allowed its currency to float freely the US trade balance has been negative. Surplus European countries, but which also included Japan, had earned US dollars which at one time had only been redeemable in gold payments by the US. But this arrangement ended when Nixon took the dollar off the gold standard in August 1971. From this time on the surplus countries could only swap their dollars for US Treasury Bills, that is to say, American debt.

In this way the US has appropriated real goods and services from the surplus countries and exported debt back to those same countries.

Pushback with Aaron Maté Support Pushback at Patreon: https://www.patreon.com/aaronmate​ Veteran US diplomat Chas Freeman says that despite talk of a New Cold War between the US and China, the US in reality is reacting aggressively to a rising Chinese power whose economic gains threaten US global supremacy. Freeman, who served in top State Department positions and as Richard Nixon’s chief interpreter on his historic 1972 visit to China, discusses the state of US-China relations and flashpoints such as Hong Kong, Taiwan, and the [putative] repression of Uyghur Muslims in Xinjiang.

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City. He wrote Democracy at Work: A Cure for Capitalism and founded www.democracyatwork.info, a non-profit advocacy organization of the same name that promotes democratic workplaces as a key path to a stronger, democratic economic system.

Ben Norton traveled to Ecuador to report on the historic February 7 election, which pits a wealthy US-backed right-wing banker against a left-wing economist who pledges to continue the socialist Citizens’ Revolution launched by former President Rafael Correa. In this dispatch, working-class Ecuadorians explain why they support leftist candidate Andrés Arauz and oppose the repressive Washington-allied government of Lenín Moreno. ||| The Grayzone ||| Find more reporting at https://thegrayzone.com​ Support our original journalism at Patreon: https://patreon.com/grayzone​