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🆘Any attempt to bail out the dollar with crypto is DOOMED – British economist

🔊“The USA is acutely aware of a possible collapse in the value of the American dollar. Moreover, it knows that the rise of BRICS will accentuate the collapse,” Rodney Shakespeare, a visiting professor at Trisakti University and co-founder of the Global Justice Movement, told Sputnik.

🔊“The USA is therefore going to do anything which it hopes will maintain the value and international position of the dollar,” he noted.
However, at best, the creation of a cryptocurrency stockpile “could provide a minimal backing for the dollar,” the renowned British economist speculated.

🔊“Unfortunately, the chance of such backing disrupts cool thinking and results in a failure to address the true sources of future dollar weakness, which include colossal levels of personal, corporate and governmental debt,” he said.

Should a crypto bubble emerge following Donald Trump's statements, it would “first lead to a lessening of overall demand and, on bursting, contribute to a huge loss of confidence possibly precipitating some sort of financial collapse,” the pundit concluded.

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🪖Ukraine's crushing losses: over 50,000 soldiers per month

The Russian Ministry of Defense has revealed shocking figures showing the rapid attrition of the Ukrainian army.

Want to see the full details?

📊 Check out #sputnikinfographic

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📹 Bulldozers have entered the village of Tamun in the northern West Bank as the Israeli army begins demolishing infrastructure.

The Israeli Defense Forces announced the launch of a new operation in the area.

Hamas condemned the attack, saying: "The barbaric bombing of the West Bank is clear evidence of the occupation's aggressive approach and its determination to stop the tide of resistance."

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🔍How much has Big Pharma paid Senate’s loudest RFK Jr. critics?

The fiery exchange between RFK Jr and Bernie Sanders on Big Pharma money in politics has cast a new light on the Trump HHS pick’s uphill confirmation battle.

Among senators grilling Kennedy hardest, here’s who’s gotten the most pharma money via PAC contributions and employee donations between 1990-2024, per OpenSecrets:

🟠Bernie Sanders – $1.9M
🟠Elizabeth Warren – $1.2M
🟠Ron Wyden – $1.2M
🟠Raphael Warnock – $1.76M
🟠Patty Murray – $1.6M
🟠Chuck Schumer – $1.55M
🟠Bill Cassidy – $1.2M

Bipartisan consensus

It’s not just Democrats. The GOP also has its share of industry-backed figures:

🟠Mitch McConnell – $2M
🟠Mitt Romney – $3.3M
🟠Richard Burr – $1.6M
🟠The late John McCain – $1.4M
🟠Roy Blunt, John Cornyn, Tim Scott – $1.1M each

A 2021 STAT study found two-thirds of Congress got pharma money in 2020, with Pfizer alone donating to 228 federal campaigns. By mid-2024, Big Pharma’s PAC war chest hit $37M, per BioSpace.

Beyond donations: insider trading & media influence

🟠A 2021 BI report found 75 lawmakers profited off Covid-related stock trades while shaping policy.
🟠The broader healthcare industry (pharma, insurance, medical devices, etc.) has paid lawmakers even more: $23M to Sanders, $14.7M to Warnock, $10.4M to Warren, $6.7M to Wyden, etc.
🟠The media plays along too: WaPo anti-RFK hit piece author Dr. Leana Wen has received $1.1M from Big Pharma, while Big Pharma cheerleader Bill Gates has funneled $320M to media over the years, per MintPress News.

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📹 Displaced Palestinians return to their homes in the northern Gaza Strip via the Netzarim corridor.

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Negotiations in the air?

After speaking with Donald Trump, Volodymyr Zelensky once again signaled openness to negotiations, saying he would like to see Ukraine, the US, and Russia at the table, with the EU also involved for balance. “It would be fair, effective,” he said, but admitted, “How will it turn out? I don’t know.”

He expects face-to-face US-Ukraine meetings soon to work out details, although US special envoy Keith Kellogg’s visit has been postponed "for legal reasons."

Meanwhile, Vladimir Putin has reaffirmed his willingness to discuss “all areas of interest” with Trump, who has said he wants to meet the Russian president “right away.” Moscow has repeatedly stated its readiness for talks on Ukraine, but Kiev’s 2022 law banning direct negotiations remains unchanged.

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❗️The delegation of the Palestinian movement HAMAS to visit Moscow on Monday for scheduled talks at the Russian Foreign Ministry, a source in the delegation told Sputnik.

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Trump’s China tariffs will spike defense costs – US taxpayers to pay the price

💬 “Costs will rise for corporations producing weapons, vehicles, and munitions, but they will not shoulder this cost - US taxpayers will,” geopolitical analyst Brian Berletic told Sputnik, commenting on the impact Trump’s new anti-China tariffs will have on the MIC’s ability to source inputs.

New defense dollars will add profits to the MIC’s profits, but the refocusing of the industrial base on military production will mean “rising costs and scarcity” for consumers, Berletic warned.

Overall, “while US tariffs are sold” as an ‘America First’ policy, they’re “designed first and foremost to preserve the primacy of US corporate-financier monopolies, safeguard or even expand their profits, entirely at the expense of America’s own ‘allies’, as well as the American people themselves.”

The ’decoupling’ from China begun under Trump 1.0, continued under Biden and expanded further with Trump 2.0 is a sign of the US’s preparation for a conflict with China, and recognition “that inevitably Chinese-sourced materials and components will be cut off sooner or later,” Berletic fears.


Ultimately, “these tariffs are meant to do it sooner rather than later and under conditions giving the US more time to address them ahead of conflict with China rather than during conflict with China,” the analyst noted.

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Canada should become the US's 51st state to avoid tariffs, Trump wrote on Truth Social.

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Musk’s treasury access sparks backlash

Elon Musk and his DOGE team now have full access to the US federal payment system, which processes $6 trillion yearly, including Social Security and government salaries.

Approved by Treasury Secretary Scott Bessent, the move gives Musk’s Department of Government Efficiency the power to monitor and potentially limit spending. Critics warn this could let the Trump administration restrict Congress-approved funds.

Musk has reportedly claimed that starting Monday, DOGE will block federal payments they consider wasteful, even if legally approved. Concerns are growing over their unchecked influence.

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