If the dollar falls, it will be catastrophic for the American people on whose backs 80 years of reserve status were built. It will also subject billions of foreigners, for whom the dollar has meant decades of being bullied, to history’s greatest bait and switch.
The economic war against Russia has partially failed due to Europe having itself paid a high price to effect a partial boycott of Russian oil and gas.
There was much mirth in the West...
Panama Canal is going dry as a severe drought has caused water levels in the lake that feeds the locks in the Panama Canal to drop far below normal.
Federal Reserve Chair Jerome Powell...
According to Finance Minister Serhiy Marchenko, the world is tired of financing Ukraine as Western politicians' focus is diverted by the impending elections and rising geopolitical tensions.
Nobody can...
According to the 2030 projections from World Data Lab, China and India are expected to be the world's largest consumer markets in 2030.
The world economy depends on consumers,...
In the 14-year old 92,000 crore telecom dispute, the Supreme Court has in a major blow ruled in favor of the government stating that India’s telecom operators will have to include non-core revenue to calculate dues it owes to...
Could the CIA be behind the leak of the Pandora Papers, given their curious lack of focus on US nationals? It may not be a coincidence that both the eBay founder Pierre Omidyar and investor George Soros provide funding to the ICIJ and OCCRP via their highly controversial Luminate and Open Society ‘philanthropic’ enterprises.
The current situation of the US dollar resembles the setting of the Plaza Accord of 1985, when the world agreed to manipulate the dollar until it fell to stop it from harming the global economy.
The data from the Ipsos Global Advisor Predictions polls from 2019–2023 suggest that the global stock markets might crash in 2023, as the majority of the respondents from all around the world said that the likelihood of a worldwide stock market meltdown in 2023 was higher than it was lower.
Credit Suisse shares fell five percent to an all-time low in early trading and in Europe on Tuesday after the bank confirmed material weaknesses and an $8billion loss in 2022, just hours after a financial expert claimed it would be the next institution to fall following SVB.
