marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
De-dollarization
06/28/2024
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By Belle Carter
Russian economist unveils Putin’s masterplan as U.S. dominance ends
Russian President Vladimir Putin started long ago to steer Russia away from the global liberal order. One way he did this is by establishing the Eurasian Economic Union (EAEU) in 2014, which aims to create a new power center to rival the U.S. and Europe. Putin already concluded then that he needed to separate the Eurasian […]
06/28/2024
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By Kevin Hughes
EU hastens DE-DOLLARIZATION by stealing Russian money and giving it to Ukraine
The European Union will send 1.4 billion euros ($1.5 billion) from the frozen assets of the Central Bank of Russia to the European Peace Facility (EPF) to meet Ukraine’s military requirements – a move that will accelerate de-dollarization. Josep Borrell, EU high representative for foreign affairs and security policy, declared on June 24 that the […]
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 […]
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 […]
04/11/2024
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By Richard Brown
Chinese renminbi replacing the U.S. dollar as most traded currency in Russia’s foreign exchange market
The Central Bank of Russia has just released a financial risk review noting how trading in the Chinese renminbi reached a historic high in March. This surge in yuan usage comes as part of Russia’s ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European Union over […]
03/27/2024
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By Richard Brown
Putin successfully using GOLD to defeat international sanctions on Russia
Since the Western world implemented widespread sanctions against Russia over its special military operation in Ukraine in early 2022, President Vladimir Putin’s strategy for evading economic disaster has relied on linking the ruble’s value to gold, sparking both intrigue and concern globally. Despite facing an onslaught of over 16,000 sanctions, targeting everything from Russian trade, […]
03/03/2024
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By News Editors
West destroying its own financial system – Putin
The West is discrediting its own currencies and banking system, while established monopolies in the global economy are crumbling, Russian President Vladimir Putin said in his annual address to the Federal Assembly on Thursday. (Article republished from RT.com) Russia together with so-called ‘friendly’ nations will focus on creating new financial infrastructure that will be free […]
12/26/2023
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By Ethan Huff
DE-DOLLARIZATION: Russia officially calls on BRICS nations to ditch U.S. dollar
It is time for all member nations of BRICS (Brazil, Russia, India, China, South Africa, Argentina, Ethiopia, Egypt, Iran, Saudi Arabia and the United Arab Emirates) to drop the United States dollar in favor of local currencies for financial relations and settlements, according to Russian Finance Minister Anton Siluanov this week, at the Russia-China Financial Dialogue […]
12/04/2023
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By Ethan Huff
It’s official: United Arab Emirates STOPS using the U.S. dollar for oil trades
In a bold move away from the United States petrodollar, the United Arab Emirates has officially stopped trading oil in American dollars. According to reports, the U.A.E.’s decision to switch away from using U.S. dollars in the oil trade marks a broader pivot among the BRICS economic alliance to transition to the use of local […]
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