Leading the Way for Future Growth
The development that the United States will be forced to provide dollar liquidity to the United Arab Emirates and other Persian Gulf states affected by the closure of the Strait of Hormuz will be very bad news for the “petrodollar”. The Federal Reserve (Fed) has used swap lines with foreign central banks as a key …
Following the April 8 ceasefire and Donald Trump’s state-sponsored withdrawal from Iran, it appears that the Iranians will be able to permanently impose a “transit fee” on all oil passing through the Strait of Hormuz. Bloomberg reported that the Islamic Republic intends to impose a $1 per barrel fee, payable in bitcoin, on every cargo …
With strategic oil reserves running dry, energy prices threatening an inflationary holocaust, and the bond market sending out danger signals that suggest the end of Western hegemony, collapse is no longer a hypothetical scenario but a significant possibility. In fact, today’s “calm before the financial boom” seems almost surreal when you compare the hard data …