Tag: bank

The Reasons to Worry Just Keep Piling Up for Davos Executives

Russia’s resolve and resurrection as a world power on a par with pre-1917 Imperial Russia is only part of the woes suffered by the hapless gathering of the self-anointed elite gathered at the World Economic Forum. Another migraine is rampant inflation that may be now out of control, a global food crisis and the strong likelihood of social unrest breaking out in Europe and the United States. If attendees at this year’s World Economic Forum came to Davos worried, they left with little to comfort them.

George Soros Joined Henry Kissinger in the Anti-Semitic Blame Game

On November 5, 2003 billionaire financier and speculator George Soros, during a live interview at a conference of the Jewish Funders Network, enraged many of the Jews in attendance when he claimed that Jews themselves were responsible for the rise of antisemitism: When asked about anti-Semitism in Europe, Soros, who is Jewish, said European anti-Semitism is the result of the policies of Israel and the United States.

The Ruble set to replace the dollar and it isn’t Russian propaganda

In 2022, the Russian ruble became the growth leader against the US dollar, according to Die Freie Welt. It appreciated by as much as 11%, outperforming the Brazilian real by 9%. And all this, despite the ongoing hostilities in Ukraine and Western sanctions, the German edition notes. This result was achieved by Moscow’s genius decision to sell Russia’s vast untapped reserves of raw materials for rubles, and not other currencies.

Biden, not Putin is a Disaster for the Dollar says Goldman Sachs of Wall Street and the European Central Bank

The United States and its European cohorts have deprived the Russian Central Bank of access to foreign reserves, which threatens to stop other countries from using the dollar, analysts at Goldman Sachs write in a research note. As Insider argues, countries are concerned about the abusive power such widespread use of the dollar gives the US, and investors might take that seriously, too.

Politicians Panic as Sanctions intended to destroy the Russian Economy instead Destroy Western Economies

Prices for many essential commodities, food, fuel, plastics, and metals in the Western world, have soared beyond what many consumers can afford. As a result, cash-strapped consumers are forced to cut their spending. If this trend accelerates, it could lead to the fact that Western economies that have already suffered from the pandemic again plunge into the abyss of recession.

The report of my death was an exaggeration

How does the Russian economy feel under the burden of new unprecedented sanctions? Much better than one might think, notes The Economist. Although the West has effectively unleashed an ‘economic war’ using the Russian special operation in Ukraine as an excuse to curb Russia as a trading power, by banning the supply of a wide range of goods and forcing large companies to leave the Russian market, as well as freezing up to 60% of the foreign reserves of the Russian Central Bank together, it seems that this strategy no longer leads to the desired results. 

The End of Dollar Dominance and Catastrophe for the Euro

‘When will the Russian ruble be tied to gold? It’s a matter of time (perhaps it has already happened). The Central Bank of Russia already announced a few days ago that it was buying up gold at a fixed price. The tax on the purchase of gold by individuals has been abolished. You don’t have to be a top-level financial analyst to understand where all this is leading up to.

Manuel Labour isn’t Working for Spain as Truckers down Tyre Levers

Despite the futile efforts of the Spanish government to reduce the prices of gasoline and diesel fuel, the Platform for the Protection of the Transport Sector intends to continue the strike. The truckers’ protest has been going on for almost two weeks. The key workers are not satisfied with the proposed measures and they demand an immediate solution to the problem of skyrocketing fuel prices.