Connect with us

Latest

Analysis

News

Walter Mitty versus the United States: the sad and strange case of Carter Page

Carter Page’s testimony to the House Intelligence Committee shows an individual detached from reality but takes Russiagate allegations no further

Alexander Mercouris

Published

on

8,064 Views

Message from The Duran: If you like this article then please consider supporting our Crowdfunding campaign.  We depend on your support to continue to provide you with articles like this one.

On 2nd November 2017 Carter Page, the former businessman and banker who was for a time a volunteer helper of the Trump campaign, gave evidence to the House Intelligence Committee, which is looking into the allegations of collusion between the Trump campaign and Russia.

Carter Page is a pivotal figure in the collusion theory that lies at the heart of the Russiagate scandal.

His name appears in several places in the Trump Dossier – which Carter Page has now confirmed is the basis for the whole Russiagate investigation – with the focus being on two trips he made to Moscow last year, one in July 2016 when he gave a speech to Moscow’s New Economic School, and one in December 2016 when some sections of the Russian media spoke of him – wrongly – as an emissary of President elect Trump.

On 22nd April 2017 in an article for The Duran I said that Carter Page is in reality a fantasist with only a tenuous grasp of reality.

He managed to get a place in the Trump campaign by exaggerating his qualifications and background – pretending to a Ph.D he does not have – whilst fooling some Russians (including the board of the New Economic School) into thinking that he was much closer to Donald Trump than he really was.

At the same time, like George Papadopoulos – the other Trump campaign aide who was recently indicted – he was trying to impress the Trump campaign by pretending to contacts with senior Russian officials which in reality he never had.

Here is what I said about Carter Page in my previous article about him written on 22nd April 2017

This account points up an important aspect of Carter Page’s personality, which has been the source of much confusion and trouble.  This is his habit of self-aggrandisement.  He seems to have fooled Trump into appointing him a foreign policy adviser on the strength of his having a Ph.D, when he doesn’t have a Ph.D. 

This is how Carter Page’s Wikipedia entry explains this

Page was one of five people named as foreign policy advisors by Donald Trump in March 2016, and was also attributed by Trump as having a PhD.[19] It is unknown at this time whether Trump was mistaken as to Page’s credentials or if Page falsified them in applying for an advisory position with the Trump team. There is no evidence, as confirmed by Trump campaign staffers, that Page had ever met or briefed Trump.[3]

In addition, as the extract from the CNN article I have quoted shows, instead of frankly admitting that he had only a minimal role in the Trump campaign – saving everyone a great deal of trouble – Carter Page persists in pretending otherwise, and passes off visits to public spaces within Trump Tower as ‘proof’ of this.

This makes it impossible to take Carter Page seriously, and makes it difficult to see how he deserves the attention he is getting.  Moreover Carter Page’s proclivity for self-aggrandisement makes the whole thesis the Russians used him to “try to infiltrate” the Trump campaign – much less that they succeeded in doing so – look immediately fanciful.

In truth Carter Page comes across as a something of a busy body who briefly managed to fool the Russians last year into thinking he was closer to Trump than he really was.  On the strength of this he was able to wangle an invitation to give a talk to Moscow’s New Economic School at a time last summer when the Russians would have been anxious to know what candidate Trump’s policies towards Russia actually were.  The article provides information from a source in the New Economic School showing how this happened

…..a spokesman for the school told CNN that Page’s ties to Trump helped secure the invitation.  “The organizing committee for the commencement last year thought that he was a colorful and interesting character,” said Denis Klimentov, a spokesman for the New Economic School. “It was partially supported by the fact that The Washington Post, the newspaper, back in the spring of 2016, cited Carter as one of Mr. Trump’s foreign policy advisors.”

(bold italics added)

Carter Page followed this up with a second invitation in December, after Trump had won the election, when the Russians would have been even more anxious to find out what now President-elect Trump’s policies towards Russia were, and when they would have been especially anxious to hear what someone who they clearly still thought was one of the President-elect’s key foreign policy advisers would say.

That this is what the Russians still thought Carter Page was at the time of his second visit is shown by this comment of Leonid Reshetnikov, the Director of Russia’s Institute of Strategic Studies, quoted by CNN in the article

“It’s quite possible that Trump’s advisor is a pragmatist and a realist.  This is probably not an ordinary visit. He has probably received some instructions from the President-elect. I don’t think that meetings at the highest level will take place, but (the possibility) cannot be excluded.”

In reality Carter Page had no ‘instructions’ from President-elect Trump, it seems he and Trump had never even met, and – needless to say – no “meetings at the highest level” took place.  Once the new administration was formed it quickly became clear Carter Page had no role in it and was not close to Trump at all and did not speak for the new President.  At that point the misapprehension the Russians had about him would have ended, and they lost interest in him.

There is not a scintilla of evidence in any of this of collusion between the Trump campaign and Russia.  On the contrary the fact the Russians mistook a Walter Mitty figure like Carter Page for an important adviser of Trump’s shows how poorly informed about Trump they actually were.  That does not speak of collusion between the Trump campaign and Russia.  On the contrary if anything it shows that no such collusion was taking place.

Since the Russiagate scandal broke Carter Page has made things worse for himself and has caused a huge amount of trouble by (unlike George Papadopoulos) failing to come clean.  Instead he continues to pretend that his obviously fictional contacts in Moscow were real ones whilst simultaneously denying their importance.

Moreover he has disastrously compounded the trouble by his incredibly stupid decision not to instruct a lawyer.  Instead he is purporting to represent himself, taking on the FBI, the CIA, the House Intelligence Committee, the Senate Intelligence Committee, the Justice Department, Special Counsel Robert Mueller and the entire US media all by himself.

The result is the farce of the hearing which took place on 2nd November 2017 the transcript of which in combination with Carter Page’s written submissions goes on for an extraordinary 208 pages.

Anyone who takes the trouble to plough through this extraordinary document cannot fail but notice the bemusement of the members of the House Intelligence Committee as they found themselves dealing with a witness the like of which none of them have probably ever previously come across.

Their bafflement was elegantly captured in a lengthy discussion of Carter Page’s testimony by The Atlantic, which has given the best account of it

Schiff summed the situation up cleanly: “Were you being honest in your communication with the campaign? Are you being honest in your testimony? Because it doesn’t seem possible for both to be true.”

Schiff wasn’t the only one baffled. Republican Trey Gowdy, who frequently sounds incredulous during his portions of the testimony, asked, “I didn’t think I’d ever be going through this with anyone, but we’ve got to, I guess. You seem to draw a distinction between a meeting, a greeting, a conversation, and you hearing a speech.”

Elsewhere The Atlantic captures perfectly the madcap quality of Carter Page’s testimony

It’s just one example of how Page comes across as hopelessly self-aggrandizing throughout the testimony. He brags about his connections and credentials, dropping references to Harvard, Cambridge, and New York universities, and even noting his Delta frequent-flyer status. Describing his several email accounts, Page mentioned receiving many emails from Gary Sick, a respected Middle East scholar at Columbia University. Reached by email, Sick told me he’d briefly met Page in the 1990s or early 2000s and had not had any contact since, and that the emails in question came from a listserv of some 2,000 people.

There develops a strange dichotomy, in which Page presents himself as an important and respected man in Russia, invited to give a commencement speech independent of his work for the Trump campaign, and yet also downplays his importance to the Trump team, calling himself a very junior staffer. (Gowdy, again: “Mr. Page, I wrote down: volunteer, unpaid, informal, unofficial. I’m still trying to figure out what the hell your role was with the Trump campaign.”)

Elsewhere The Atlantic discusses the bafflement of the members of the Committee as Carter Page (1) simultaneously invoked the Fifth Amendment for certain of his documents only to say that they were actually less “incriminating” than other documents the FBI had already seized; (2) simultaneously confirmed and denied having a meeting with Russian Deputy Prime Minister Arkady Dvorkovitch (he finally appeared to admit the ‘meeting’ took place, but said it was not really a ‘meeting’ because it went no further than an exchange of pleasantries); and (3) gave contradictory explanations for emails he sent to the Trump campaign, in which he purported to discuss opinions he said he had been given by senior Russian officials and members of the Duma, but which he told the Committee were actually gleaned from things he had read in the newspapers.

Though I have had no contact with Carter Page and my knowledge of him and his activities derives purely from what the media has written about him I can assist the members of the House Intelligence Committee with all these questions.

Just as I said back in April that Carter Page was a self-aggrandising fantasist – something The Atlantic now admits is the case – so I can now say with confidence that the purported meeting with Dvorkovitch almost certainly never took place and that the other meetings which Carter Page wrote about in his emails to the Trump campaign never happened either.

Possibly Carter Page did meet Dvorkovitch briefly in July 2016, though personally I doubt it.  If he did meet Dvorkovitch it would have been – as he now says – a brief and accidental encounter which went no further than an exchange of pleasantries.

As for the other meetings with senior officials of the Russian government, of the Presidential administration, and of the Duma, which Carter Page claimed had happened in his emails to the Trump campaign, I am quite sure these never happened.

The only person who has ever said these meetings ever happened is Carter Page himself.  Given the fact that he is now admitted to be a self-aggrandising fantasist there is no more reason to suppose that he spoke the truth about these meetings than that he is telling the truth about anything else.

As for Carter Page’s decision to claim the Fifth Amendment for some of his “less incriminating'”documents, that is almost certainly nothing more than a case of attention-seeking and self-aggrandisement.

Personally the only parts of Carter Page’s testimony which I take seriously are (1) his confirmation that the entire Russiagate investigation is based upon and is guided by the Trump Dossier; and (2) that the accounts of his activities set out in the Trump Dossier are untrue.

I would of course add that the reason I believe these parts of Carter Page’s testimony are true is not because he says them.  It is because there is abundant independent evidence which corroborates them.

Needless to say nothing Carter Page said in his testimony – and none of the questions which were put to him by the members of the Committee – provide the slightest grounds for thinking that the central claim of the Russiagate scandal – that the Trump campaign colluded with the Russians to steal and publish the DNC’s and John Podesta’s emails – is true.

On the contrary – as was the case with the emails sent by George Papadopoulos – Carter Page’s emails actually show that no collusion took place.

As to those who say that it is an amazing coincidence that two fantasists – George Papadopoulos and Carter Page – were both simultaneously working for the Trump campaign, I would say two things:

Firstly, it is not a coincidence at all.  At any point in time there are any number of such people around, and given their overwhelming need for attention joining a Presidential campaign holds an obvious attraction to them.

Political campaigns – and I have personal knowledge of several – are always prey to such people.  Tough and clear-sighted management filters them out, but as Jared Kushner has recently admitted the Trump campaign was disastrously short of such management, which is why people like George Papadopoulos and Carter Page were able to find their way in.

Secondly, there is a fundamental difference between George Papadopoulos and Carter Page.

Papadopoulos comes across as a well-meaning but inexperienced young man who got swept along by the excitement of the moment, causing him to represent both himself and his contacts to the Trump campaign as far more important than they really were.

Carter Page by contrast comes across as a far more troubled and disturbed individual.

At some level he was probably trying to leverage his role in the Trump campaign to enhance his business in Russia whilst simultaneously using the fact that he had an established business connection with Russia to enhance his position in the Trump campaign.

However the extent of Carter Page’s detachment from reality as shown by his Congressional testimony together with his bizarre decision to represent himself rather than act through a lawyer suggests someone who is going through a deep personal crisis.

Putting a person like that through the sort of grinder that Carter Page is being put through is in my opinion a profound cruelty, all the more so as he is an obvious suicide risk.  I hope someone has taken note of that fact and is taking the necessary precautions.

Message from The Duran: If you like this article then please consider supporting our Crowdfunding campaign.  We depend on your support to continue to provide you with articles like this one.

Liked it? Take a second to support The Duran on Patreon!
Advertisement
Click to comment

Leave a Reply

avatar
  Subscribe  
Notify of

Latest

Russian Il-20 downed by Syrian missile. Russia blames Israel. Israel blames Syria (Video)

The Duran – News in Review – Episode 110.

Alex Christoforou

Published

on

The unthinkable has happened in Syria.

The world now teeters on the brink of all out war in Syria as a Russian Il-20 was downed by Syrian missile after Israeli F-16s used it as cover during attack, according to statements made by the Russian Ministry of Defense.

President Vladimir Putin, answering a reporter’s question during a press conference with Hungarian PM Viktor Orban, said the downing of the Russian Il-20 plane looks like “a chain of tragic circumstances.” 

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss the tripwire triggered that has the potential to tip the fragile balance in Syria towards conflict between Russia, Iran and Israel.

Remember to Please Subscribe to The Duran’s YouTube Channel

The Russian military says an Israeli raid on Syria triggered a chain of events that led to its Il-20 plane being shot down by a Syrian S-200 surface-to-air missile. Moscow reserves the right to respond accordingly.

Russian Defense Ministry spokesman Maj. Gen. Igor Konashenkov said…

“Israel did not warn the command of the Russian troops in Syria about the planned operation. We received a notification via a hotline less than a minute before the strike, which did not allow the Russian aircraft to be directed to a safe zone.”

The statement by the Russian Defense Ministry said that four Israeli F-16 fighter jets attacked targets in Syria’s Latakia after approaching from the Mediterranean.

The Israeli warplanes approached at a low altitude and “created a dangerous situation for other aircraft and vessels in the region.”

The statement further said that 15 Russian military service members have died as a result…

“The Israeli pilots used the Russian plane as cover and set it up to be targeted by the Syrian air defense forces. As a consequence, the Il-20, which has radar cross-section much larger than the F-16, was shot down by an S-200 system missile.”

According to reports from RT, the Russian military said that the French Navy’s frigate ‘Auvergne,’ as well as a Russian Il-20 plane were in the area during the Israeli operation.

Map of the incident on September 17 in Syria provided by the Russian defense ministry.

The Russian ministry said the Israelis must have known that the Russian plane was present in the area, but this did not stop them from executing “the provocation.” Israel also failed to warn Russia about the planned operation in advance. The warning came just a minute before the attack started, which “did not leave time to move the Russian plane to a safe area,”the statement said.

The statement gives a larger death toll than earlier reports by the Russian military, which said there were 14 crew members on board the missing Il-20. It said a search and rescue operation for the shot-down plane is underway.

A later update said debris from the downed plane was found some 27km off the Latakia coast. The search party collected some body parts, personal possessions of the crew, and fragments of the plane.

Meanwhile Israel has come out to blame the Syrian government for the downing of the military plane, according to an IDF statement.

Israel said that it “expresses sorrow for the death of the aircrew members” of the Russian plane. However, it stated that the government of Bashar Assad “whose military shot down the Russian plane,” is “fully responsible” for the incident.

Israel further blamed Iran and Hezbollah for the incident.

The Israel Defense Forces (IDF) explained that its jets were targeting a Syrian facility “from which systems to manufacture accurate and lethal weapons were about to be transferred on behalf of Iran to Hezbollah in Lebanon.”

Israel claimed that the weapons were “meant to attack Israel.”

Via RT

The IDF assumed that the Syrian anti-air batteries “fired indiscriminately” and didn’t “bother to ensure that no Russian planes were in the air.” The Israelis said that when the Syrian military launched the missiles which hit the Russian plane, its own jets were already within Israeli airspace. “During the strike against the target in Latakia, the Russian plane that was then hit was not within the area of the operation.”

According to the Israeli military, both IDF and Russia have “a deconfliction system,” which was agreed upon by the leadership of both states, and “has proven itself many times over recent years.” The system was in use when the incident happened, the IDF stated. The IDF promised to share “all the relevant information” with Russia “to review the incident and to confirm the facts in this inquiry.”

The military presented a four-point initial inquiry into events in Latakia. It insisted that “extensive and inaccurate” Syrian anti-aircraft fire caused the Russian jet “to be hit and downed.”

The Russian Il-20 aircraft, with 15 crew on board, went off radar during an attack by four Israeli jets on Syria’s Latakia province late Monday. Later on Tuesday the Russian Defense Ministry said that an Israeli raid on Syria triggered a chain of events that led to its plane being shot down by a Syrian S-200 surface-to-air missile.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

Trump Orders Immediate Release Of All Text Messages, Carter Page FISA Application From Russia Investigation

Trump has ordered the DOJ to release all text messages related to the Russia investigation with no redactions.

Published

on

Via Zerohedge

President Trump has ordered the Department of Justice to release all text messages related to the Russia investigation with no redactions, of former FBI Director James Comey, his deputy Andrew McCabe, now-fired special agent Peter Strzok, former FBI attorney Lisa Page and twice-demoted DOJ official Bruce Ohr.

Also released will be specific pages from the FBI’s FISA surveillance warrant application on former Trump campaign aide Carter Page, as well as interviews with Ohr.

The statement reads in full:

“At the request of a number of committees of Congress, and for reasons of transparency, the President has directed the Office of the Director of National Intelligence and the Department of Justice (including the FBI) to provide for the immediate declassification of the following materials: (1) pages 10-12 and 17-34 of the June 2017 application to the FISA court in the matter of Carter W. Page; (2) all FBI reports of interviews with Bruce G. Ohr prepared in connection with the Russia investigation; and (3) all FBI reports of interviews prepared in connection with all Carter Page FISA applications.

In addition, President Donald J. Trump has directed the Department of Justice (including the FBI) to publicly release all text messages relating to the Russia investigation, without redaction, of James Comey, Andrew McCabe, Peter Strzok, Lisa Page, and Bruce Ohr

***

As we reported last Monday, Trump had been expected to release the documents any time – with specific attention to the Page documents and the “investigative activities of Justice Department lawyer Bruce Ohr” – who was demoted twice for lying about his extensive relationship  with Christopher Steele – the former MI6 spy who assembled the sham “Steele Dossier” used by the FBI in a FISA surveillance application to spy on Page.

Republicans on the House Intelligence and Judiciary committees believe the declassification will permanently taint the Trump-Russia investigation by showing the investigation was illegitimate to begin with. Trump has been hammering the same theme for months.

  • They allege that Bruce Ohr played an improper intermediary role between the Justice Department, British spy Christopher Steele and Fusion GPS — the opposition research firm that produced the Trump-Russia dossier, funded by Democrats. (Ohr’s wife, Nellie, worked for Fusion GPS on Russia-related matters during the presidential election — a fact that Ohr did not disclose on federal forms.)
  • And they further allege that the Obama administration improperly spied on Carter Page — all to take down Trump. –Axios

Ohr, meanwhile, met with Russian billionaire Oleg Deripaska in 2015 to discuss helping the FBI with organized crime investigations, according to The Hill‘s John Solomon. The meeting with the Putin ally was facilitated by Steele.

Last month Trump called Ohr a disgrace, while also tweeting: “Will Bruce Ohr, whose family received big money for helping to create the phony, dirty and discredited Dossier, ever be fired from the Jeff Sessions  “Justice” Department? A total joke!”

Trump’s threat came one day after two tweets about Ohr, noting a connection to former FBI agent Peter Strzok, as well as a text sent by Ohr after former FBI Director James Comey was fired in which Ohr says “afraid they will be exposed.”

According to emails turned over to Congressional investigators in August, Christopher Steele was much closer to Bruce Ohr and his wife Nellie than previously disclosed.

Steele and the Ohrs would have breakfast together on July 30, 2016 at the Mayflower Hotel in downtown Washington D.C., days after Steele turned in installments of his infamous “dossier” on July 19 and 26. The breakfast also occurred one day before the FBI formally launched operation “Crossfire Hurricane,” the agency’s counterintelligence operation into the Trump campaign.

“Great to see you and Nellie this morning Bruce,” Steele wrote shortly following their breakfast meeting. “Let’s keep in touch on the substantive issues/s (sic). Glenn is happy to speak to you on this if it would help.”

“After two years of investigations and accusations from both sides of the aisle about what documents indicate, it is past time for documents to be declassified and let the American people decide for themselves if DoJ and FBI acted properly,” Freedom Caucus chairman Mark Meadows told Axios earlier Sunday.

In early August, journalist Paul Sperry tweeted that Trump may use his presidential authority to declassify “20 redacted pages of a June, 2017 FISA renewal, “and possibly” 63 pages of emails and notes between “Ohr & Steele,” and FD-302 summaries of 12 interviews.”

President Trump threatened to declassify documents two weeks ago – one day after the New York Times allegedly published an anonymous Op-Ed claiming to be from a White House official claiming to be part of an unelected “resistance” cabal within the Trump administration.

“The Deep State and the Left, and their vehicle, the Fake News Media, are going Crazy – & they don’t know what to do,” Trump tweeted earlier this month, adding: “The Economy is booming like never before, Jobs are at Historic Highs, soon TWO Supreme Court Justices & maybe Declassification to find Additional Corruption. Wow!”

Trump’s threat comes as calls by frustrated GOP legislators to release the documents have hit a fevered pitch. Spearheading the effort are Republican Reps. Meadows, Jim Jordan, Matt Gaetz and Lee Zeldin – who have repeatedly asked Trump to declassify more of the heavily redacted FISA surveillance warrant on former Trump campaign aide Carter Page in late 2016.

In June, Republicans on the House Intelligence Committee asked President Trump to declassify key sections of Carter Page’s FISA warrant application, according to a letter obtained by Fox News.

Carter Page, the DOJ/FBI’s person of interest, weighed in on the matter in late August, tweeting: “The Corrupt DOJ, co-conspirators in the DNC and their high-priced consultants correctly believed they had American democracy and the FISA Court over a barrel in 2016.”

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

Latest

De-Dollarization Tops Agenda at Russia’s Eastern Economic Forum

The Eastern Economic Forum (EEF) was held in Vladivostok on Sept.11-13. Founded in 2015, the event has become a platform for planning and launching projects to strengthen business ties in the Asia-Pacific region.

Published

on

Via Strategic Culture

This year, the EEF brought together delegations from over 60 countries to discuss the topic “The Far East: Expanding the Range of Possibilities”. A total of 100 business events involving over 6,000 participants were held during the three days.

1,357 media personnel worked to cover the forum. Last year, the number of participants was 5,000 with 1,000 media persons involved in reporting and broadcasting. The EEF-18 gathered 340 foreign and 383 Russian CEOs. Nearly 80 start-ups from across South-East Asia joined the meeting.

CLICK HERE to Support The Duran >>

This year, a total of 175 agreements worth of 2.9 trillion rubles (some $4.3 billion) were signed. For comparison, the sum was 2.5 trillion rubles (roughly $3.7 billion) in 2017.

They included the development of the Baimsky ore deposits in Chukotka, the construction of a terminal for Novatek LNG at Bechevinskaya Bay in Kamchatka and the investment of Asian countries in Russia’s agricultural projects in the Far East.

Russian Direct Investment Fund (RDIF), Mail.Ru Group, Megafon and Chinese Alibaba inked an agreement on establishing AliExpress trade joint venture. Rosneft and Chinese CNPC signed an oil exploration agreement.

The Chinese delegation was the largest (1,096 people), followed by the Japanese (570 members). The list of guests included the president of Mongolia and prime ministers of Japan and South Korea.

It was also the first time Chinese President Xi Jinping attended the event to meet his Russian counterpart. The issue of de-dollarization topped the agenda. Russia and China reaffirmed their interest in expanding the use of national currencies in bilateral deals.

During the forum, Kirill Dmitriev, the head of RDIF, said the fund intends to use only national currencies in its transactions with China starting from 2019. It will cooperate with the China Development Bank.

This “yuanification” is making visible progress with Shanghai crude futures increasing their share of oil markets up to 14 percent or even more. China has signed agreements with Canada and Qatar on national currencies exchange.

READ MORE: Eastern Economic Forum opens new chapter in US-Russia dialogue

De-dollarization is a trend that is picking up momentum across the world. A growing number of countries are interested in replacing the dollar. Russia is leading the race to protect itself from fluctuations, storms and US-waged trade wars and sanctions.

Moscow backs non-dollar trade with Ankara amid the ongoing lira crisis. Turkey is switching from the dollar to settlements in national currencies, including its trade with China and other countries. Ditching the US dollar is the issue topping the BRICS agenda. In April, Iran transferred all international payments to the euro.

The voices calling for de-dollarization are getting louder among America’s closest European allies. In August, German Foreign Minister Heiko Maas called for the creation of a new payments system independent of the US.

According to him, Europe should not allow the United States to act “over our heads and at our expense.” The official wants to strengthen European autonomy by establishing independent payment channels, creating a European Monetary Fund and building up an independent SWIFT system.

Presenting his annual program, European Commission President Jean-Claude Juncker called on Sept. 12 for the European Union to promote the euro as a global currency to challenge the dollar.

According to him, “We must do more to allow our single currency to play its full role on the international scene.” Mr. Juncker believes “it is absurd that Europe pays for 80 percent of its energy import bill – worth 300 billion euros a year – in US dollars when only roughly 2 percent of our energy imports come from the United States.” He wants the raft of proposals made in his state of the union address to start being implemented before the European Parliament elections in May.

70% of all world trade transactions account for the dollar, while 20% are  settled in the euro, and the rest falls on the yuan and other Asian currencies. The dollar value is high to make the prices of consumer goods in the US artificially low. The demand for dollars allows refinancing the huge debt at low interest rates. The US policy of trade wars and sanctions has triggered the global process of de-dollarization.

Using punitive measures as a foreign policy tool is like shooting oneself in the foot. It prompts a backlash to undermine the dollar’s status as the world reserve currency – the basis of the US economic might. The aggressive policy undermines the US world standing to make it weaker, not stronger.

Liked it? Take a second to support The Duran on Patreon!
Continue Reading

JOIN OUR YOUTUBE CHANNEL

Your donations make all the difference. Together we can expose fake news lies and deliver truth.

Amount to donate in USD$:

5 100

Validating payment information...
Waiting for PayPal...
Validating payment information...
Waiting for PayPal...
Advertisement

Advertisement

Quick Donate

The Duran
EURO
DONATE
Donate a quick 10 spot!
Advertisement
Advertisement

Advertisement

The Duran Newsletter

Trending