For the first time since the end of World War II, the dollar is no longer seen as the sole and undisputed foundation of the international economy. It is not yet a collapse. But it is a gradual erosion of confidence that is spreading from the world’s largest economies to the central banks of emerging …
Tag: assets
Trump imposes capital controls on foreign investors
Donald Trump is making a dramatic move that could change the face of global capital flows – access to the world’s largest market will not be free. To participate in the US financial system, which is the deepest and most liquid in the world, comes at a significant cost. Following the swift passage of the …
Stealing Russian assets will bring Economic War
Countries that have friendly relations with Russia are demanding that the European Union abandon any idea it may have of a cumulative seizure of Moscow’s state assets and oppose US plans that have already seized some $6 billion worth of assets. Representatives of China, Saudi Arabia and Indonesia, among others, have been lobbying the EU …