Russia’s unknown movements in metals

Last week an article by the Russian news agency Interfax reported that the State Fund of Russia plans to acquire gold, silver, platinum, palladium and precious stones. Russia’s decision to add silver to its reserves sets it apart from most other central banks, which have focused heavily on hoarding gold while neglecting silver. Along with …

Rising MFO Lending Creates Bubble in Russian Economy

On the face of it, for Russia its “war economy” has ostentatiously turned its “back” on Western sanctions, while the war in Ukraine is in its third year, with no end in sight. Its GDP grew by 3.6% in 2023, having been consistently positive for the past five quarters. Thanks to Russia’s broken alliance with …

Barter Economy between Russia-China to Defeat Western Sanctions

The war in Ukraine after the Russian invasion has been going on for more than 900 days, and since then, China and Russia have strengthened their economic and defense ties. Under the radar of the West, however, economic relations could expand even further in the future – with the help of an old (as old …

China’s Central Bank (POBC) can cause Global hyperinflation

With all the economic news focus on the Federa Reserve and the Bank of Japan, it’s easy to miss where the most important monetary decisions will take place this year: It’s Beijing. Certainly, Fed Chairman Jerome Powell said on Wednesday July 31 that important decisions are coming. A rate cut in September is “on the …

BRICS build wheat market and threaten the West

The global South’s drive to de-dollarize global trade doesn’t just involve the oil or energy goods sector – after Saudi Arabia’s commitment to trade energy goods in US currency (the well-known petrodollar) ends. As these states are world leaders in the commodity market, they are attempting to expand the economic fields in which transactions will …

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