Global central banks boost gold reserves by record $15.7 billion in shift away from US dollar. Largest acquisition of gold in 19 years. Published time: 1 Aug, 2019 12:01Edited time: 1 Aug, 2019 12:37. RT Official global gold reserves continued to grow at a rapid pace this year, […]
A time of impending US dollar crisis Published time: 23 May, 2019 12:37. RT The global gold fever, led by Russia which is diversifying its foreign exchange reserves, is the right thing to do as the US dollar’s value is being diminished, CEO of Euro Pacific Capital Peter […]
Russia bringing back the gold standard may kill US dollar. Russia’s gold and foreign exchange reserves will soon top $500 billion. What do we know about the number ‘5’? $500 billion for NEOM Babylon. $500 billion for US Slavery Reparations. All a coincidence? Published time: 13 Jun, 2019 […]
Preparing for dollar doomsday? Russia adds 6 more tons of gold to its coffers. Published time: 20 Jun, 2019 15:24 RT The Central Bank of Russia (CBR) has purchased 200,000 troy ounces (6 tons) of gold in May, boosting bullion reserves to 2,190 tons. Russia increased its gold […]
Dollar dump. Russia & China agree to bilateral trade in national currencies during Putin-Xi meeting Published time: 5 Jun, 2019 15:38Edited time: 5 Jun, 2019 16:04 RT Russia and China took another step away from the US dollar after the two countries agreed to develop bilateral trade using […]
JP Morgan says dump US dollar as its century of global dominance coming to end Published time: 24 Jul, 2019 10:05Edited time: 24 Jul, 2019 10:21 The US dollar will struggle to remain the top international currency in the coming decades as the rising power of Asian economies […]
Russia undermines US dollar dominance by shifting trade to local currencies Published time: 5 Aug, 2019 10:37Edited time: 5 Aug, 2019 12:04 RT Russia has nearly halved the share of the US dollar in trade with India and China and continued to reduce the use of the greenback […]
Oil Falls as Soaring Trade-War Tensions Spark Flight From Risk Bloomberg•August 5, 2019 (Bloomberg) — The international oil benchmark closed below $60 dollars a barrel for the first time in almost two months as worsening U.S.-China trade relations intensified fears about the health of the global economy, prompting […]
‘Way Too Much Pork’ Makes Trade War Bite U.S. Hog Markets. China just made its biggest-ever cancellation of American pork, scrapping a purchase of 14,700 metric tons Bloomberg•August 5, 2019 (Bloomberg) — Trade concerns are starting to make all other factors in the hog market look obsolete. Futures […]
A global ‘recession’ (depression?) could hit in 9 months if tariffs keep climbing, says Morgan Stanley. From CNN Business’ Anneken Tappe in New York. 8/5/2019 Global financial markets are in turmoil after the trade war between the United States and China escalated over the past few days. Washington […]
