March 31, 2022 For over two decades, numerous financial commentators have predicted the US Dollar status as global reserve currency would eventually diminish then end. While this position was dismissed by most in the mainstream financial media and academia, it should not be shocking since all past reserve currencies were eventually displaced. The abuses, manipulations, and chicanery[...]
Tag: economic war
Putin Sends Nuclear Bombers Over English Channel: “Transponders Turned Off… Invisible to Air Traffic Control”
Russian President Vladimir Putin hasn’t been one to back down in response to sanctions against his country and attacks on his economy. Rather, he has stepped up not only his rhetoric, but his military activities as well. His latest move is yet another show of force to let the West know Russia is prepared to do whatever is necessary to protect its interests. The U.K.’s Royal Air Force[...]
China Prepares To Bailout Russia – East Continues to Break Away from West
Earlier this evening China's State Administration of Foreign Exchange's (SAFE) Wang Yungui noted "the impact of the Russian Ruble depreciation was unclear yet, and, as Bloomberg reported, "SAFE is closely watching Ruble's depreciation and encouraging companies to hedge Ruble risks." His comments also echoed the ongoing FX reform agenda aimed at increasing Yuan flexibility which The South China[...]