Gold: Russia’s Strategic Monetary Superweapon

In history, gold and silver accompanied the rule of different empires. They made possible the financing of conquests, but also the very rule of the conqueror in the vassal regions of the planet. If even today, gold coins, even legal tender, no longer accompany states’ ambitions for geopolitical sovereignty, we see that central banks’ gold …

Its perpetual public debt as Greece’s dependency factor

The public debt (Central Government Debt) amounted to €406.5 billion at the end of 2023 and is increased compared to the previous year by €6.2 billion, according to the latest Bulletin of the Public Debt Management Organization (in Greek-ΟΔΔΗΧ) . For this debt, the Greek State paid €6.5 billion in interest in 2023. The Greek …

Digital Platform for BRICS Trade Transactions – Non-IMF Yuan Loan Agreements

American economic hegemony rested on the dominance of the dollar within the system of international trade (mainly important commodities) and as a global reserve within the framework of the famous Bretton Woods agreement after 1944. This hegemony was combined with the formation of post-war international economic organizations such as the International Monetary Fund (IMF), the …

How is China taught to discard Western sanctions?

Russia’s success in dealing with Western sanctions through de-dollarization and supporting trading partners in Asia may be a valuable lesson for China as pressure to “de-risk” (the policy of the West to diversify supply chains so that it is not dependent on Chinese exports that shaped the so-called trend of de-globalization). Russia has provided many …

$45 trillion investment storm in the Global South from the BRICS

BRICS member states have reached a combined investment potential of $45 trillion – shifting the balance of power in the global economy by bringing the Global South to the fore. After the official enlargement of the bloc at the beginning of 2024, the alliance acquires the guarantees to become an economic superpower directly threatening the …

Russia’s economy suffered $211 billion in war with Ukraine, but hold on

Russia in the context of the military operation in Ukraine seems to be winning a no less relentless economic war. The unprecedented waves of sanctions were aimed at crippling Russia’s economy and eroding its military capability by shutting it out of the international banking and banking system (SWIFT). Russia, for its part, used this attack …

The IMF will demand a “blood and tears” plan from Argentina

A mini-Summit on January 5, 2023 was attended by the new president of Argentina, Javier Millay. The reason for the meeting he had with the technical staff of the International Monetary Fund (IMF), which took place on the very day that the price of gasoline rose by 27% and meat, a staple food in Argentina, …

Good Luck Argentina: A Promising Liberal Experiment Begins

Argentina is perhaps the only example of a country that, while it was among the 10 richest at the beginning of the 20th century, was driven into poverty by the populist state diet economic model of the Peronists. A country rich in natural resources followed a failed development model based on industrialization behind a wall …

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