USA: At 1 trillion interest on debt for the first time in history, explosive budget deficit September 19, 2024 2024 was the year in which the huge US budget deficit was supposed to have gradually leveled off after two years of crisis. The…
Crash in the prices of Diamonds, Works of Art and expensive Watches September 12, 2024 Diamond prices have collapsed to multi-decade lows, shaking the world’s largest coffers. The downturn in the diamond market is breathtaking. Prices are in freefall…
Currency War Intensifies – The Cheap Yuan and Why Secondary Sanctions Scared China – Russia’s Plan B September 12, 2024 The battle that will not decide the outcome of the currency war – Why did China’s banks comply with the sanctions? With the threat…
The fake Digital Currency Bubble and the Market Economy September 12, 2024 Why according to some “experts”, is there an urgent need to eliminate cash from the economy? The emergence of money and its transformation into…
Steel and Gold – The two advantages of Russia that “revoked” the sanctions in practice and are winning the economic war September 5, 2024 Along with the war being waged on the Donetsk and Kursk fronts, there is also an economic war going on that aims to make…
Bank of Canada: Third consecutive rate cut September 5, 2024 The Bank of Canada proceeded with its third consecutive reduction in interest rates. Its prime lending rate fell to 4.25%. The 25 basis point…
Neoliberalism is curtailing – Wars for raw materials and geopolitical power will change the planet September 5, 2024 Future developments boil down to this: As long as it is possible to avoid direct hot wars between major powers that have emerged in…
The Major risks to the future of the Dollar as a Global Reserve Currency August 29, 2024 On February 24, 2022, Russia’s invasion of Ukraine shocked the world, sparking one of the biggest conflicts in Europe since World War II. At…
Russia gets Crypto Exchanges to Trade Digital Yuan – de-Dollarization as Ultimate Goal August 29, 2024 Russia has announced plans to create two state-owned cryptocurrency exchanges aimed at making digital payments for international trade transactions. US sanctions have led Russia…