-
Economic Divide: Trump’s trade war with China backfiring spectacularly
Press TVIt started out as leverage over China to adjust for unfair currency manipulation and trade imbalance. Although the US president would like to think things are ok with China, it isn't. Domestic impact and China's strategy, which includes finding new trading partners to replace US' lost sales, is making up for any shortfalls in its revenues. Now it has turned into a series of economic blunders hurting the economy and its citizens. Trump's tariff war against China has backfired tremendously, hurting ordinary Americans, with China riding on top.840 views 1 comment -
Economic Divide: The digital Yuan: A step in internationalization
Press TVChina's digital yuan is growing by leaps and bounds. The digital Yuan is a step forward for internationalization. The evolution of monetary and payment systems in the digital era is a historical inevitability, and the Yuan has surpassed the dollar in cross-border transactions. How far this will go is just a matter of time.252 views -
Economic Divide: New World Order
Press TVFor decades, Western nations, like the US and member countries of the European Union, have dominated the world. This alliance has unleashed instability on the Global South, including hundreds of thousands of victims in the West Asia region, through violent conflicts. That era is now over, with countries like Russia, Iran, and China heralding a new world order. One of the goals of the new world order is to have independence from the global financial system headed by the West and the US in particular. This way, their interests will not be jeopardized. The system under NWO is the outcome of wrong US and West foreign policies, which have forced countries that have been victims to align themselves against the West.435 views -
Economic Divide: Cost of genocide for Israeli economy
Press TVIt's the second anniversary of Operation al-Aqsa Flood, and the second year that the Israeli regime has continued its genocide against Palestinians in the Gaza Strip. This genocide has ruined Israel's economy to the point that it has endangered its very existence. Two years of genocide killed Israel's economy. The genocide costs are exorbitant. Billions of dollars have helped fuel this genocide, while major industries, like the tech sector, have gone down the drain. From the battlefield to bankruptcy, the Israeli regime is almost bankrupt. What's saving it is US taxpayers' money bought by US states in the form of bonds, to help maintain the Israeli economy. Meanwhile, Israel is facing intense and growing isolation. Even Netanyahu has confessed to this harsh reality. So why then would it continue this suicidal genocide?345 views -
Economic Divide: Europe losing economic dynamism
Press TVEurope is on life-support? How can that happen? Maybe an exaggeration, maybe not. But the danger signs are there. The continent that has shaped world history more than any other region in the last 500 years finds itself to be a wandering bystander today. The European Union is facing an economic crisis. It can't adjust to the old reality of cheap gas, and it has shunned its main economic partners Russia and China and relied more on the US, a move that hurts its economy more than it helps it.323 views -
Economic Divide: Israel's GDP contraction
Press TVThe Israeli regime's economy has shrunken deeply. Amid the regime's war footing, there seems to be no end in sight in its military escapades, which all comes at a cost for illegal Israeli settlers.1.08K views 1 comment -
Economic Divide: Western, Israeli exploitation of Africa
Press TVThe African continent is rich with resources and manpower. Over 30% of all natural resources of the world come from there. Yet, Western governments, like France and the UK in particular, have been known to exploit the continent, and have even been denounced for keeping it poor for their own sake. Burkina Faso's interim ruler may have put a stop to that, exposing the Israeli regime's and the West's exploitation of Africa.541 views -
Economic Divide: The Zangezur Corridor
Press TVThe US is doing its best to apply pressure on its adversaries by offering allied countries sweet businesses deals. Yet these deals have one thing in mind: US control. By planting its presence along the borders of Russia and Iran, the US hopes to contain both, yet fails to realize these projects against two superpowers are doomed to fail. The Zangezur route is now renamed after Trump, the Trump Route for International Peace and Prosperity or TRIPP, for short. As usual, Trump has to take credit for it. Iran has concerns. When it comes to peace between Azerbaijan and Armenia, it does not like the US being a stone's throw away from its border. And that includes Russia.394 views -
Economic Divide: Israel's damage during Iran's retaliation
Press TVIsrael's damage during Iran's retaliation314 views -
Economic Divide: Battle for Suweida, Israeli trade
Press TVSyria stands as one country. Or so it seems. There are competing outside forces implementing a colonial project spearheaded by the Israeli regime and backed by the US.255 views