US Seizes 1 Million Barrels Of Iranian Oil Allegedly En Route To China
The US seized 1 million barrels of Iranian oil from the ship Suez Rajan in April, which was allegedly being sold to China by the IRGC. The American administration has acknowledged that it intercepted about a million barrels of Iranian crude oil that were reportedly headed for China. The department issued its first criminal resolution […]
UAE Becomes Global ATM As West Go Bankrupt
According to Ibrahim Ajami of the Abu Dhabi State Fund, Mubadala, UAE, becomes a global ATM as the West goes bankrupt. Five Years ago, after Washington Post columnist Jamal Khashoggi was killed in the Saudi consulate in Istanbul, virtue-signaling American finance executives withdrew from a Saudi Arabian event in Riyadh. Private equity, venture capital, and […]
China’s Evergrande Files For Bankruptcy
China’s Evergrande Group, previously the second-largest property developer in the country, declared bankruptcy in New York on Thursday. The company faced significant financial troubles and defaulted on its debt in 2021. This triggered a major property crisis in China’s economy, the effects of which persist today. Evergrande sought Chapter 15 bankruptcy protection, allowing a US […]
There Are 70 Major Bankruptcies In Just 4 Months This Year
According to data collected by Bloomberg, there were 70 major bankruptcies in just 4 months this year, surpassed only by the years 2009 and 2020. For 2009 there were 118 bankruptcies through April. In Covid-impacted 2020, there were 71 bankruptcies. In 2023 there have been 70. This is the third worst start to the year […]
FDIC Accidentally Releases Bailout List
In response to a Bloomberg News Freedom of Information Act request, the Federal Deposit Insurance Corp. (FDIC) stated that the agency accidentally released an unredacted bailout list. When federal regulators stepped in to backstop all of Silicon Valley Bank’s deposits, they saved thousands of small tech startups and prevented what could have been a catastrophic […]
Norway’s Wealth Tax Is Backfiring. Are Americans Paying Attention?
According to The Guardian, Norway’s wealth tax is backfiring as more than 30 Norwegian billionaires and multimillionaires left the country in 2022. In 2022 Norway’s third richest man, Kjell Inge Røkke, announced in an open letter to shareholders he was moving to Lugano, Switzerland. “My capital will continue working in Norway,” wrote the fishing magnate […]
‘Why Can’t We Trade In Our Own Currencies?’: Brazil’s Lula Ask
Brazil’s president, Luiz Inácio Lula da Silva, asked, “Why can’t we trade in our own currencies?” The US dollar’s role as world’s primary reserve currency for global trade was challenged at a finance summit in Paris by South African President Cyril Ramaphosa and his Brazilian counterpart Luiz Inácio Lula da Silva after the US Treasury Secretary […]
How Long Will The Dollar Last As The World’s Default Currency?
The BRICS countries have been pursuing a wide range of initiatives to decrease their dependence on the dollar, raising the question of how long the dollar will last as the world’s default currency. Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point. In […]
Gold-Bar Vending-Machines Rolled-Out At South-Korean Convenience-Stores
According to UPI News, gold bar vending machines have been rolled out at South Korean convenience store GS Retail. Buying physical precious metals is a time-proven method of securing generational wealth while reckless central bankers debase currencies and ignite the worst inflation storm in a generation. Gold and silver investing has long been seen as […]
Germany Signs Long-Term U.S. LNG Deal To Replace Russian Gas
Sefe’s CEO, Egbert Laege, announced that Germany has signed a long-term deal with the U.S. to replace Russian gas with LNG from Venture Global LNG. Germany’s state-controlled firm Securing Energy for Europe (Sefe) has signed a 20-year deal with Venture Global LNG to import 2.25 million tons of LNG per year from Venture Global’s third project, CP2 […]