marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Russia-Ukraine war
07/04/2024
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By Zoey Sky
Russia overtakes U.S. as Europe’s primary gas supplier despite ongoing sanctions
Sanctions have failed to stop Russia from overtaking the United States as Europe’s primary gas supplier. Even with the continent’s efforts to reduce its reliance on Russian fossil fuel resources since the beginning of the conflict, reports have revealed that Europe’s gas imports from Russia surpassed those from the U.S. in May. (Related: Russian central bank governor: […]
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 […]
06/07/2024
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By Zoey Sky
Chasing profits: Western companies are now BACKTRACKING on Russia exit plans
More than half of the foreign companies that have previously announced plans to leave Russia after the start of the special military operation in Ukraine are still in the country. Reports indicate that a “rebound in consumer activity” and “bureaucratic obstacles” are making those companies stay in Russia. According to data from the Kyiv School of […]
06/03/2024
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By News Editors
The world has accumulated a $315 trillion mountain of debt, and global events will soon bring it crashing down
I suppose that congratulations are in order. It is no small feat to pile up a debt of $315,000,000,000,000, and we will never see a mountain of debt of this magnitude ever again after it comes crashing down. Even though delinquency rates are rising all over the world, as long as conditions remain at least […]
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 […]
05/21/2024
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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 […]
05/21/2024
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By News Editors
Fugazy land
Really, you must agree: just about anything can happen now, and probably will, and possibly all at the same time — war, sickness, a disordered economy, chaos in money and finance, savages pouring across the open borders, assassination, mayhem in the streets, systems failure, mental illness everywhere you look. You have a sinister, blob-infested government […]
05/14/2024
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By Cassie B.
Putin authorizes Russian company to take over German chemical company BASF subsidiary
Russian President Vladimir Putin has granted a domestic manufacturer of paints permission to acquire BASF Vostok, a subsidiary of the German chemical giant BASF, following their withdrawal from the country in response to the Ukraine conflict. The domestic enterprise, Lakra Sintez, can buy out 100 percent of BASF Vostok shares thanks to a presidential decree […]
05/10/2024
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By Ramon Tomey
Creditors pressure Ukraine to PAY UP on its loans
Two years after Russia’s special military operation in Ukraine, a group of creditors are now demanding that Kyiv pay up on its loans as early as 2025. According to the Wall Street Journal (WSJ), the group includes investment giants BlackRock and Pimco. The creditors reportedly granted Kyiv a two-year debt holiday in 2022, betting at […]
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 […]
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