Central Bank Hedging Triggered Gold Fever

In mid-1971, US President Nixon ended the dollar’s gold peg at $35 per ounce, triggering de-dollarisation. The 2025 gold and silver rush followed private speculators trying to profit from central banks hedging against perceived new risks.

Rubio Seduces Europe with Imperial Nostalgia

US Secretary of State Marco Rubio’s Munich speech last month seemed to seduce the European elite behind President Trump, against the ‘Rest’, especially the resource-rich Global South.

Massive US War Spending Hike Raises Debt, Taxes, Doubts

As US President Donald Trump pushes the world to war, arms spending has been rising worldwide. Wars secure more budgetary allocations, mainly benefiting the US-dominated military-industrial complex.

Trump Tariffs Creating Less Manufacturing Jobs

President Donald Trump has shaken up the world economy and the rule of international law in the first year of his second term – ostensibly to make America great again, particularly by reviving US manufacturing jobs.

Climate Justice Denied by Delays

Opinions have been divided over the annual UN climate conferences. While some see COP30 in Belém, Brazil, as confirming their irrelevance, others see it as a turning point in the struggle for climate justice.

Trump Reboots US National Security Strategy, Foreign Policy

The new US National Security Strategy (NSS) repositions the superpower’s role in the world. Hence, foreign policy will be mainly driven by considerations of ‘making America great again’ (MAGA).

Continued Inaction Despite G20 Report on Worsening Inequality

Although inequality among countries still accounts for a far greater share of income inequality worldwide than national-level inequalities, discussions of inequality continue to focus on the latter.

Data Centre Investments Bad Deals

Opposition to data centres (DCs) has been rapidly spreading internationally due to their fast-growing resource demands. DCs have been proliferating quickly, driven by the popularity of artificial intelligence (AI).