Economist’s “International News and Views” Monday 4-22-2024

0
13

Japan Asks America For PERMISSION To Save Its Currency As The Strong Dollar Wrecks Everything

Sean Foo:  4-22-2024

Japan and South Korea are in panic mode, both running to the US Treasury to gain approval for currency intervention. As the dollar continues to strengthen, global currencies in the world are starting to fall fast.

Here’s why we are facing a global currency crisis today and how bad things can get for the global economy.

Timestamps & Chapters:

0:00 Japan Runs To America For Permission

 3:22 The US Dollar Wrecking Ball

6:49 Currency Intervention Is Useless

10:02 Strong USD Destroys Economies

 12:58 The Only Solution Left

https://youtube.com/watch?v=yXVLutqSNHs%3Ffeature%3Doembed%26enablejsapi%3D1

BRICS Will ACCELERATE Launch of Its Financial System Following Russian Asset Seizure, Sanctions

Lena Petrova: 4-22-2024

https://youtube.com/watch?v=0ul23YUKDmw%3Ffeature%3Doembed%26enablejsapi%3D1

BRICS on the rise: Why the UN is failing?

Fastepo:  4-21-2024

Internationally, there is a mixed view regarding the United Nations (UN) and its effectiveness, particularly from the BRICS nations and other parts of the Global South.

These countries often see the UN as being dominated by Western interests, particularly those of the United States, and criticize it for not adequately representing the interests of a multipolar world.

For instance, at various forums, leaders like Vladimir Putin have proposed reforms such as including African nations as permanent members of the UN Security Council to better reflect the current global dynamics.

The BRICS group itself is seen as a potential platform to foster a new world order that could challenge Western dominance in global affairs. This is exemplified by initiatives like the New Development Bank, established by BRICS to offer an alternative to Western-dominated financial institutions like the World Bank and the IMF.

Such moves underscore a desire among these nations to reduce their reliance on the US dollar and increase their autonomy in international financial systems.

 In this video, we explore the reasons behind the United Nations’ (UN) operational challenges and examine criticisms from the Global South. We will also discuss the limitations of the current international system and consider alternative organizations that could potentially replace the UN.