Global Capital. Clear Intelligence.
China’s Belt and Road Initiative is usually described in the language of ports, railways, trade corridors, and development finance. But beneath the concrete and steel sits something far more strategic: a parallel world system designed to reduce China’s exposure to U.S. naval power, U.S. sanctions, and the U.S. dollar. At the center of that system … Read more
President Trump used a phrase this week that hit markets, diplomats, and political observers like a flare in the night: America’s military, he said, was “loading up and resting, looking forward … to its next conquest.” He made the remark while warning that U.S. ships, aircraft, and military personnel would remain in and around Iran … Read more
For half a century, the petrodollar arrangement looked less like a policy choice than a law of nature. Oil was priced in dollars, Gulf exporters recycled surpluses into U.S. assets, Washington provided the security umbrella, and the dollar’s global role fed on itself. The Iran war has reopened a question markets have tried to avoid … Read more