However, we believe the dollar could lose its status as the world's dominant currency...due to structural reasons as well as cyclical impediments.Many other currencies came to their demise throughout history, thanks to shifts in global economic centers, which is now poised to move towards Asia, the strategist points out. While China's accession to global superpower status is believed to be one of the factors of this shift, it's not the only one.
By being present here, ... Israel is preventing the collapse of the middle east and falling into the hands of radical Islam.Though the PM's post only said the attending journalists had come from nations that "do not maintain any diplomatic relations with Israel," a Knesset press release said that the visiting media figures came from Saudi Arabia, Iraq, Jordan, the United Arab Emirates and Egypt.
President Trump on Monday refuted Iran's claims U.S. forces had not destroyed its drone.Brown did say that they observed one drone crash in the water:
"There's a lot of proof -- it's called take a look at it on the ocean floor. Take your scuba gear and go down there," the president said sitting next to Pakistan's prime minister Imran Khan in the Oval Office.
"This was a defensive action by the USS Boxer in response to aggressive interactions by two Iranian UAS (unmanned aircraft systems) platforms in international waters. The Boxer took defensive action and engaged both of these platforms. We observed one UAS crash into the water but did not observe a 'splash' for the other. The United States reserves the right to defend our personnel, facilities, and interests and calls upon all nations to condemn any attempts to disrupt freedom of navigation and global commerce."Iran still denies it:
Iranian Defence Minister Amir Hatami dismissed on Wednesday US claims that the latter had downed Iranian drones in the Strait of Hormuz.
"We showed the body of the (U.S.) drone that we brought down," Hatami said, according to ISNA. "If anyone claims they brought down our drone, show it. No drone from the Islamic Republic of Iran has been brought down."
"China rejected the US sanctions and Russia offered to sell one million barrels daily for Iran, and to replace the European financial system with another if needed. But why would Iran make it easy on those who signed the deal (Europe)? If the European countries are divided and not in a position to honour the deal why did they sign it in the first place? Iran will pull out gradually, as stated in the nuclear agreement, up to a complete withdrawal. Iran is experiencing a recession (Trump is expected to be re-elected, which will prolong it), but is not in poverty, and is far from being on its knees economically and politically".Despite the harsh US sanctions, Iran is sending unusual and paradoxical signs, playing down the effect of the economic crisis and showing how less than relevant the Trump administration's measures are: it has frozen the Russian offer designed to ease its financial burden by selling one million barrels of oil daily, and by stepping in to replace the European financial system. The only plausible interpretation is that Iran is determined to pull out of the nuclear deal if possible without invoking worldwide sanctions. In parallel, its military steps continue at a calculated pace.
Comment: See also: