European Powers Rejecting US Dollar Dominance to Sanction Iran

The US continues to push the false claim that Iran is in violation of the Joint Comprehensive Plan of Action (JCPOA) despite the fact that European countries and UN agencies have certified that Iran is in full compliance. It seems that the US is insistent upon withdrawing from the agreement and restoring previous extraterritorial sanctions…

Foreign Dollars Tightly Controlled in Venezuela

In the wake of the death of Hugo Chavez many predicted a sharp return to capitalist policies. Much to their dismay (and my delight) this is not the case. The government of Nicolas Maduro is solidly keeping the victories of Venezuela in sight as he and the Bolivarians begin a new monetary policy. The goal…

Mergers and Acquisitions as Recessionary

If there is one thing I have noticed in studying the history of bourgeois economics, it is that capitalists never seem to learn certain lessons. The capitalist’s ability to critique their own system is limited in a way that doesn’t allow them to actually question the very heart of the system itself. No matter what…