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05/03/2022
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By News Editors
US economy crashes headlong into recession
Is it too extreme to say an annualized GDP growth number of minus 1.4% this quarter puts us in recession in this quarter, and is it too extreme to call that a “crash?” No, it is not in the least extreme, and I’ll tell you why, even though the standard definition of a recession is two consecutive quarters of negative GDP change. (Article […]
04/05/2022
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By News Editors
Russia is quietly making the case for owning gold
Russia has quietly made the case for owning gold. (Article republished from SchiffGold.com) The head of the Russian Parliament, Pavel Zavalny, made comments recently addressing the subject of economic and financial sanctions. It’s clear that gold is playing a large role in protecting Russian wealth. That role may get bigger and it could create a paradigm shift in […]
04/05/2022
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By Arsenio Toledo
Russia orders “unfriendly” Western nations to pay for most Russian exports with rubles
Russia is expanding its counterattack against Western sanctions by warning that “unfriendly” states may be forced to pay for most Russian exports with rubles. Late last month, Russian President Vladimir Putin began the process of forcing states that have placed sanctions against Russia – “unfriendly” states – to pay for fuel exports with rubles. Refusal […]
04/01/2022
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By News Editors
Russia offering SWIFT alternative to India for ruble payments
India is considering a proposal from Russia to use a messaging system developed by the Russian central bank for bilateral payments as New Delhi isn’t following the US-led economic campaign against Moscow, Bloomberg reported on Wednesday. (Article by Dave DeCam republished from News.Antiwar.com) Sources told Bloomberg that the plan involves using Russia’s messaging system, known as SPFS, for rupee-ruble-denominated […]
03/30/2022
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By News Editors
#GotGoldorRubles? Russia just broke the back of the West
I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold. But, to be clear, Russia just broke the paper gold suppression scheme. (Article by Tom Luongo republished from TomLuongo.me) On Friday the Bank of Russia announced: BREAKING NEWS: THE RUSSIAN CENTRAL BANK WILL […]
03/29/2022
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By JD Heyes
Russia’s Putin declares an end to Western currencies, says world moving towards “real reserves” including “land, food, gold”
Russian President Vladimir Putin is predicting that the world will move away from the U.S.-dominated financial system after Washington, along with Western governments, seized his country’s currency assets as part of their sanctions for invading Ukraine. In a video posted to social media, Putin blasted the “theft” of Moscow’s resources and mocked the notion that […]
03/24/2022
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By News Editors
US Senators want to freeze Russia’s gold reserves – media
US Treasury Secretary Janet Yellen will meet this week with a bipartisan group of senators to discuss the possibility of freezing Russia’s $132 billion in gold reserves, the news website Axios reported on Wednesday. (Article republished from RT.com) Maine Senator Angus King reportedly has claimed that the legislation could pass the Senate as early as this […]
03/23/2022
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By Arsenio Toledo
Production costs in Germany rise by record-breaking 25.9% due to ongoing energy crisis
German producers reported a record-breaking rise in factory gate costs of 25.9 percent year-on-year for February, pushed upward mainly due to the ongoing energy crisis caused by Germany’s green policies and the war in Ukraine. This data is according to the Federal Statistics Office, a German federal authority responsible for collecting statistical information. The office added that […]
03/21/2022
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By News Editors
The end of the global economy as we know it
At the beginning of nearly every war, including the current one in Ukraine, there are those who loudly declare that it will be over shortly and then business-as-usual can resume. They are rarely right. While no one can say for certain what the trajectory of the Russian-Ukrainian conflict will be, the economic warfare that is going on […]
03/17/2022
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By Ethan Huff
Anti-Russia xenophobia “could cause mass poverty in Germany,” warns government official
Robert Habeck, Germany’s economic and energy minister, is warning that his country might want to take it easy with all the Russia bashing and associated sanctions if it wants to remain prosperous. Germany’s planned boycott of Russian oil and gas, for instance, will only hurt Germans by ushering in mass unemployment and poverty. “If we […]
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