Search Results for: Russian
Don’t dismiss gold and silver…
January 21st, 2021
There is worrying evidence that 2021 will see the end of fiat currencies, led by the US dollar. US dollar money supply has accelerated at an extraordinary rate, a process that will continue. Signals from the markets that ...
Emerging market stocks neared a record high on Friday
January 8th, 2021
Emerging market stocks neared a record high on Friday as hopes of economic recovery and loose monetary policy lifted sentiment, while most currencies in Europe, the Middle East and Africa fell against a recovering dollar. The MSCI’s index of ...
The monetary logic for gold and silver
November 17th, 2020
A considered reflection of current events leads to only one conclusion, and that is accelerating inflation of the dollar’s money supply is firmly on the path to destroying the dollar’s purchasing power — completely. This article looks at ...
Ruble’s slump has killed hopes of further rate cuts in Russia
October 6th, 2020
Traders are betting that the Bank of Russia will put interest rate cuts on hold after the ruble’s 9% slump against the dollar in the past three months. Forward-rate agreements, which have been predicting more monetary easing for most ...
The emerging market currencies to back when ‘the dust settles’; Goldman Sachs
September 28th, 2020
Goldman Sachs has marked out the Mexican peso as its top emerging market (EM) currency pick “once the dust settles” from the coronavirus pandemic. In a note Thursday, Goldman strategists suggested that while it may be too early to ...
Lessons on inflation from the past
September 25th, 2020
This article examines two inflationary experiences in the past in an attempt to predict the likely outcome of today’s monetary policies. The German hyperinflation of 1923 demonstrated that it took surprisingly little monetary inflation to collapse the purchasing ...
Big banks moved trillions despite knowing money was illegal; FinCEN
September 22nd, 2020
Leaked documents reveal major flaws in the global effort to curb money laundering. Major international banks are in hot waters again. Confidential documents leaked to journalists show that some of the biggest international banks continued to do business with corrupt ...
Russia calls on fellow BRICS countries to dump US dollar in favor of trade in national currencies
August 25th, 2020
The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies. Denis Manturov suggested the possibility of boosting non-dollar settlements ...
Putin signs law giving cryptocurrency legal status in Russia
August 4th, 2020
Russia’s bill to regulate cryptocurrencies has been signed into law by President Vladimir Putin. The new law gives legal status to cryptocurrency but prohibits its use as a means of payment. Russian Crypto Bill Signed Into Law Russian President ...
Dollar slips against commodity currencies; the euro was down against the pound
April 23rd, 2020
The dollar slipped against the currencies of oil-producing states on Thursday, giving up earlier gains as a bounce in crude prices gave succour to markets shaken by the massive coronavirus-induced drop in demand. As Brent crude surged on signs ...
