Oil & Currency Wars

The Dollar's Global Wake Of Destruction

The Dollar’s Global Wake Of Destruction

While whispers of the current emerging market debt crisis, the result of the rapidly strengthening dollar, could be heard throughout the summer, virtually no one predicted the blow the dollar’s rise would deal to some other developed economies. But with the dollar reaching levels not seen in a generation, a

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NOPEC Bill Won’t Bring Oil Prices Down

NOPEC Bill Won’t Bring Oil Prices Down

“Nobody f*cks with a Biden,” said the U.S. president, and the oil ministers of the member countries of the Organization of the Petroleum Exporting Countries (OPEC+) replied, “Hold my beer.” OPEC+ then proceeded to approve production cuts of 2 million barrels per day, despite a full court press by the

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What Does The Yuanization Of The Russian Economy Mean For The Dollar

What Does The Yuanization Of The Russian Economy Mean For The Dollar?

On September 12, Russian President Vladimir Putin stated that, given mounting economic sanctions, full “de-dollarization” of the Russian economy is only a matter of time (RBC, September 12). Putins remark was preceded by a statement from Russian Deputy Finance Minister Alexey Moiseev, who argued that “Russia no longer needs the

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