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US' excessive money-printing prompts de-dollarization


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By Ma Jingjing Published: Apr 06, 2021 07:33 PM
Photo taken on Jan. 27, 2021 shows the US Federal Reserve in Washington, D.C., the United States. The US Federal Reserve on Wednesday kept its benchmark interest rate unchanged at the record-low level of near zero, as the country grapples with slowing economic recovery amid surging COVID-19 cases. (Xinhua/Liu Jie)As US stocks continue to hit new highs lifted by rounds of excessive fiscal stimulus, many countries are stepping up their de-dollarization efforts to reduce reliance on the greenback amid fears of a potentially weaponized US dollar.
US stocks rallied on Monday thanks to additional government stimulus and speedy vaccinations, with the Dow Jones Industrial Average up 1.16 percent, the S&P 500 up 1.47 percent and the Nasdaq Composite up 1.74 percent. ....

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Russian Foreign Minister levels harsh accusations at the EU and its sanctions policies. Brussels seeks Russian Covid-19 vaccine.
BERLIN/BRUSSELS/MOSCOW |
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BERLIN/BRUSSELS/MOSCOW
(Own report) - The Russian government is striking back at the EU s accumulating sanctions and threats of sanctions. In a press conference last Friday, Foreign Minister Sergey Lavrov lashed out at EU Foreign Policy Chief Josep Borrell. EU diplomats see this incident as a bitter setback for Brussels. In response to EU accusations of unprecedented police violence in Russia, Lavrov s ministry published a collection of video footage showing cases of serious police brutality within the EU and the USA. Borrell officially admitted police abuses exist in the West. Moscow, furthermore, expelled three diplomats from EU countries, accusing them of participating in unauthorized demonstrations. For Berlin this comes at a critical moment: ....

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Russian Deputy FM: Greece Should Not Get Involved In US Geopolitical Games Against Us


Russian Deputy FM: Greece should not get involved in US geopolitical games against us
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Russian Deputy Minister of Foreign Affairs, Alexander Grushko, met with members of the Greek Foreign Ministry in Athens.
Asked by Russian correspondents about the expansion of US military infrastructure in Greece, Grushko described it as a “bilateral issue of Greece whether or not it develops military relations with other countries.”
He added that “the message we convey is that, according to our view, it is necessary to exclude the involvement of the territory of a friendly country in the geopolitical game which is related to the containment of Russia.” ....

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