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 this week when Vladimir Putin’s Victory Day parade through Red Square included just one tank, itself
Adolfo Urso, the minister for enterprise in Italy, presided over a meeting in Rome where a commission consisting of lawmakers, pasta producers, and consumer rights groups gathered to address the pasta inflation crisis in the city. Italy’s government convened crisis talks Thursday to investigate the reasons behind a surge in prices for
Chris Edwards, an economic analyst at the Cato Institute, said that as the U.S. owes a whopping $7 trillion to foreigners, the federal government would be forced to either hike taxes or cut spending immediately to be able to pay the increased interest. The good news during the latest government
Bloomberg reported that the West is losing Russian gold to the United Arab Emirates, Hong Kong, and Turkey, which have not joined Western restrictions. A number of countries are snapping up Russian gold bullion after Western governments closed their markets as part of Ukraine-related sanctions on Moscow, Bloomberg reported on
The Federal Reserve purchased large amounts of government bonds and mortgage bonds to support the economy and financial markets during the COVID crisis, which has led to concerns that it is technically bankrupt. Behind closed doors, the report is already making the rounds in expert circles: if you follow the
In 2021, China derived 43% of its GDP from investment, which is twice as much as the US and other Western countries. If China shifts some of its GDP to consumption, it could reduce its trade surplus by encouraging consumers to buy more imported goods. This could potentially position China
Russian Foreign Minister Sergei Lavrov told reporters on the sidelines of the Shanghai Cooperation Organization meeting in India’s western state of Goa that it has billions of Indian rupees that it can’t use. Russia has accumulated billions of rupees in Indian banks which it can’t use, Foreign Minister Sergei Lavrov
Hezbollah, a jihadist empire stretching out from Lebanon that has harried the US and Israel for decades, is being financed by a quiet Tamil Brahmin from Madurai named Nagarajan Sundar Poongulam Kasiviswanathan, who serves as its accountant. The Lady Automaton, her head replaced by a retro telephone, cradled a cardboard
In an opinion piece published by Foreign Policy, former White House economist Joseph Sullivan said, “If BRICS uses its own currency for trade, it will end the dollar’s hegemony.”
