The United States is hoping to stave off a general collapse of the currency system, writes Barry Sheppard. This threat gives the capitalist class extortion power to insist that the government bail out the big banks.
Currency battles are a symptom of the race towards global inter-imperialist war, write Graham Drew and Kelvin McQueen
Venezuelan President Nicolas Maduro has come out strongly against United States President Donald Trump’s latest sanctions on the South American country. These prohibit “all transactions” with “any digital currency” issued by the Venezuelan government — alluding to the cryptocurrency promoted by the Venezuelan authorities, known as “Petro”.