Kirill Dmitriev, head of the Russian Direct Investment Fund (RDIF) and special envoy of Russian President Vladimir Putin, called the ruble the most successful currency of 2025. The announcement was made via a video message on Telegram. He explained that during the year the ruble strengthened against the dollar by 40%. Earlier, the head of …
Tag: trade war
The Shanghai Composite Index (SCI) closed at 3,728 points – a global signal that the rules of global trade are being rewritten
President Donald Trump’s trade war with retaliatory tariffs is accelerating Beijing’s trade and investment push toward developing countries, known as the Global South, according to Trust Economics, potentially creating a new trade order dominated by Chinese companies. China’s exports of goods have doubled over the past decade to countries mainly in Southeast Asia, Latin America …
Hybrid economic warfare: Scenarios for a massive sell-off in American assets and the “nuclear solution”
US bond yields are rising amid concerns about inflation and monetary policy, putting significant pressure on the US’s already tight fiscal position. If President Donald Trump fails to secure sufficient revenue from retaliatory tariffs and a surge in inflationary pressures is not averted, the world’s largest economy risks a sudden death. On Tuesday (22/7), US …
Europe survived the public debt crisis but the hard euro will kill it – Export collapse
The European financial landscape is currently facing a powerful combination of factors that are causing concern in its banking sector and beyond – it has sounded the alarm even though this has not been seen in what the established financial media is reporting. Despite statements by Brussels officials about an “opportunity for the euro” to …
The Five reasons for gold’s sudden jump and the slow death of the dollar
Gold is not just a hedge against risk in the midst of an economic crisis – it is becoming a core asset class in the modern investment playbook – The Triffin Dilemma and the Weakening Dollar. In more detail: The past six months have been marked by unprecedented turmoil for the global economy and financial …
Why has gold already surpassed the dollar in importance as a reserve currency for central banks?
The increasing frenzy in gold purchases by central banks suggests that the effects of Donald Trump’s fiscal policy are only just beginning to be felt. As the world’s leading monetary authorities accumulate gold at historically high prices, the real goal of the above move is to reduce exposure to the dollar. This dynamic belies US …
Trump’s Political Victory with Trade Deals
Trump’s April 2 “Liberation Day” tariff announcement sparked sharp volatility in U.S. government debt and equity markets, with the S&P 500 index falling as much as 15% and borrowing costs rising. Markets have stabilized after Trump suspended most of the retaliatory tariffs, but concerns remain that the president’s policy changes could dampen foreign investor enthusiasm …
The appreciating yen and the depreciation of the dollar became a nightmare for Japan
As Donald Trump tries to weaken the dollar to boost the US economy and manufacturing, the Japanese yen is developing safe-haven behavior faster than Tokyo policymakers would like – causing monetary policy turmoil in Asia’s second-largest economy. The extent to which the US president’s trade war is hurting confidence in dollar-denominated assets can be seen …
Central banks are geometrically increasing their purchases of gold and are abandoning the dollar
Record gold purchases by central banks signal a major shift in the monetary order – a shift in foreign exchange reserves and significant cracks in the dominance of the US dollar. Last week, the price of gold soared to another record high. While much of the buying has come from investors seeking safety in safe-haven …
The trade war is becoming monetary – Dilemma whether to devalue their currency
Uncertainty over US policy has led to a flight from the dollar and US bonds, with the dollar index down more than 9% so far this year. The dollar’s decline has led to other currencies appreciating against it, notably safe havens such as the Japanese yen, the Swiss franc and the euro. Currency depreciation is …