marketcrash
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News & Articles By Richard Brown
06/19/2024
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By Richard Brown
Malaysia declares intention to join BRICS
Malaysian Prime Minister Anwar Ibrahim has announced that his country will apply for membership in BRICS. The 77-year-old leader disclosed the decision in an interview with the Chinese outlet Guancha. “We have made our policy clear and decided to proceed. We will start the formal process soon,” Anwar stated. “We are waiting for the final […]
05/28/2024
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By Richard Brown
G7 inching closer to final resolution on seizing frozen Russian assets to aid Ukraine
Finance officials from the Group of Seven (G7) wealthy democracies have announced progress on a proposal by the United States to generate more funds for Ukraine using Russian assets frozen in their respective countries. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign […]
05/27/2024
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By Richard Brown
Alabama eliminates income taxes on capital gains from sale of gold and silver
Alabama Gov. Kay Ivey has signed a bill that eliminates income taxes on capital gains from the sale of gold and silver, marking a significant advancement in reinforcing sound money principles within the state. Senate Bill 297 allows Alabama to exempt capital gains taxes on the sale of gold and silver in a bid to prioritize […]
05/24/2024
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By Richard Brown
DOLLAR DEMISE: China selling U.S. Treasury bonds in record numbers in favor of gold, other commodities
China sold a record number of U.S. Treasury bonds in the first quarter of this year, marking a significant shift away from dollar assets in favor of other commodities. Beijing divested a total of $53.3 billion in Treasuries and agency bonds during the first three months of the year, while simultaneously increasing its purchases of […]
05/21/2024
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By Richard Brown
Putin, Xi pledge stronger partnership as Russia pummels Ukraine
Russian President Vladimir Putin and Chinese President Xi Jinping pledged to deepen their partnership during a meeting in Beijing on Thursday, May 16, highlighting their countries’ united front against the West. This meeting comes as Putin intensifies his offensive in Ukraine and follows his recent military leadership shake-up. Putin’s visit to China, his first international […]
05/02/2024
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By Richard Brown
Russian central bank governor: Western seizure of frozen assets won’t affect Russia’s financial stability
Central Bank of Russia Gov. Elvira Nabiullina in a statement assured people that Russia would remain financially stable even if the United States and its allies were to seize its frozen assets overseas. The U.S. and its allies have frozen approximately $300 billion worth of assets belonging to the Russian central bank as part of […]
04/25/2024
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By Richard Brown
Switzerland confirms it holds $14.3 billion in FROZEN Russian assets
Switzerland has disclosed that it currently holds an estimated 13 billion Swiss francs ($14.3 billion) in Russian assets, frozen within its financial institutions. These assets are divided evenly between state-owned holdings and those belonging to private individuals, as revealed by the national agency responsible for overseeing sanctions. While the value of Russia’s state assets remains […]
04/22/2024
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By Richard Brown
Top Russian banker calls for end of Western payment systems like SWIFT
The chief executive officer of Russia’s second-largest bank emphasized the necessity of shifting away from Western payment systems like SWIFT, stating that it is crucial for Russia and its trading partners. Addressing the Data Fusion 2024 conference on Thursday, April 18, Andrey Kostin, CEO of Russia’s third-largest bank VTB, advocated for the advancement of digital […]
04/18/2024
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By Richard Brown
Israel’s DEBT has doubled to nearly $43 billion since declaring war on Gaza
Israel’s finance ministry has revealed that the war on Gaza caused Tel Aviv’s debt to skyrocket twofold, reaching 160 billion shekels ($42.59 billion). Of this debt, 81 billion shekels ($21.56 billion) were incurred since the conflict began in October. The total debt in 2023 accounted for 62.1 percent of the gross domestic product (GDP), up from […]
04/17/2024
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By Richard Brown
Bill allows San Francisco residents to sue grocery stores that shutter without giving six months’ notice
Two progressive San Francisco legislators are advancing a bill aimed at providing recourse for residents in the city when grocery stores shutter without adequate notice. San Francisco Board of Supervisors members Dean Preston and Aaron Peskin proposed legislation requiring businesses to either secure a successor grocer or collaborate with local residents to ensure continued access […]
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