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Russia
04/27/2022
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By Ethan Huff
World Bank says food crisis could be coming soon; already blaming Russia
A potential “human catastrophe” is unfolding, says the World Bank. And the culprit, of course, is the conflict between Russia and Ukraine. World Bank President David Malpass told BBC News at the recent spring meetings of the International Monetary Fund (IMF) and the World Bank that record food prices caused by inflation could plunge hundreds […]
04/15/2022
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By JD Heyes
U.S.-dominated global financial system facing collapse as China begins buying Russian coal and oil in yuan, not petrodollars
We have been warning since the beginning of Russia’s invasion of Ukraine that one of the negative long-term effects of imposing massive economic sanctions on Moscow would be the dismantling of the U.S. petrodollar-dominated global financial system, and that is exactly what is happening. Not only is Russia continuing to finance its war in Ukraine, […]
04/07/2022
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By Cassie B.
Russian banking system and ruble are showing signs of strong recovery despite sanctions
The Russian ruble and Russia’s banking system are currently showing signs of ongoing recovery despite Western sanctions as Moscow’s reliance on currency controls and energy exports is helping to protect the country’s economy. Although the ruble initially dropped, it has now rebounded and is approaching its value prior to the war. Shortly after Russia invaded […]
04/06/2022
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By JD Heyes
IMF official warns Western sanctions on Russia are threatening the dollar as world’s reserve currency
Recently imposed economic and financial sanctions on Russia by the U.S.-led West after Vladimir Putin ordered the invasion of Ukraine are weakening the dominance of the U.S. petrodollar as the world’s reserve currency, according to a ranking International Monetary Fund official. IMF First Deputy Managing Director Gita Gopinath told The Financial Times last week that […]
04/01/2022
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By Mike Adams
Death of the dollar begins TODAY; the final chapter of a debt-based empire
“If you want gas, find roubles.” Those are the words of Vyacheslav Volodin, the speaker of the lower house of the Russian parliament, as reported by the BBC this week. The story follows up with a bombshell that has been scarcely reported: The Kremlin also said Russia could start demanding payment in roubles for other […]
03/31/2022
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By JD Heyes
More countries set to dump dollar holdings following U.S. “theft” of Russian reserves after Ukraine invasion
The Biden regime’s foreign policy team is filled with amateurs and half-wits whose heads are filled with Ivy League nonsense about how the world is supposed to work, as evidenced by the administration’s response to Russia’s invasion of Ukraine. As part of the regime’s economic sanctions package, the Biden administration seized hundreds of billions in […]
03/29/2022
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By JD Heyes
Russia’s Putin declares an end to Western currencies, says world moving towards “real reserves” including “land, food, gold”
Russian President Vladimir Putin is predicting that the world will move away from the U.S.-dominated financial system after Washington, along with Western governments, seized his country’s currency assets as part of their sanctions for invading Ukraine. In a video posted to social media, Putin blasted the “theft” of Moscow’s resources and mocked the notion that […]
03/29/2022
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By Kevin Hughes
BlackRock CEO: Conflict in Ukraine marks end of globalization
BlackRock CEO Larry Fink said that the conflict in Ukraine marks the end of globalization as governments and businesses sever ties with Russia. BlackRock, the world’s biggest asset manager, is a leading provider of investment, advisory and risk management solutions. “The Russian invasion of Ukraine has put an end to the globalization we have experienced over […]
03/25/2022
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By JD Heyes
Warning: Trading houses set for collapse as ‘margin call doom loop’ is about to go global
A leading financial expert who predicted earlier this month that one of the world’s biggest independent energy merchants was about to face a capital liquidity crisis of historic margins appears to have been spot-on. As reported by Zero Hedge, Zoltan Pozsar, a former senior adviser in the U.S. Treasury’s Office of Financial Research and currently Credit […]
03/24/2022
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By Mike Adams
The DOLLAR will DIE… and the Ruble will DOMINATE as “commodities-based” currencies make paper fiat obsolete
As a patriotic American, this is the kind of article that pains me to write. But unlike the Democrats and their make believe gender identity fairy tales that pretend biology isn’t real, I can’t simply choose to alter the laws of economics and tell you something that isn’t so. The truth is that based on […]
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