California is the largest global consumer of Amazon oil, with much of it refined and used in the state as fuel. Ecuador is the region’s top producer of onshore crude.

In this post: African nations have expanded the use of local currency payment systems like PAPSS to reduce reliance on the US dollar for intra-continental trade. The Trump administration’s tariff ...

Renewed De-dollarization Movement The latest de-dollarization movement started in 2022 when the U.S. imposed all-encompassing sanctions against Russia following Russia’s invasion of neighboring ...

He was the subject of an Interpol Red Notice. Cabrera is accused of stabbing a woman to death on Nov. 24, 2011, in Lujo, Ecuador, about 3,000 miles south of the Connecticut town where he was captured.

In this post: Bank of Korea’s Governor Rhee Chang-yong expressed concerns that won-based stablecoins could spur more demand for U.S. dollar stablecoins. He, however, pointed out that he is not opposed ...

New laws passed by Ecuador’s National Assembly and signed by President Daniel Noboa include dangerous provisions that threaten the rights of Ecuadorians.

Not through USG intervention but by a spontaneous “bottom-up” process. (This happened in Ecuador in 99/20 as described by Larry White). In effect, consumers engage in currency substitution and force ...

The California Senate has introduced a landmark resolution to have the state examine its crude imports from the Amazon, following a visit this week by Indigenous leaders from Ecuador who ...

The entire narrative of “de-dollarization” is not merely economically flawed—it is, at its core, a collectivist delusion. The dollar is poison in the praxeological sense. It is fiat currency—unbacked, ...

The partial dollarization of the economy means the dollarization of people’s expenses, but not of their income,” summarized economist Mauricio de Miranda. According to Miranda’s analysis, this divide ...

The new 3rd and 70th Streets GAESA military conglomerate owned US dollar supermarket in Havana. Photo: 14ymedio By El Toque HAVANA TIMES – At the recently concluded 9th Congress of the National ...