marketcrash
bitcoincrash
pensions
nationaldebt
bubble
risk
debtcollapse
Russia
02/09/2023
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By Belle Carter
SUPPLY CHAIN SILLINESS: Biden to slap 200% tariff on Russian aluminum to “commemorate” Ukraine invasion anniversary
President Joe Biden is planning to slap a 200 percent tariff on Russian-made aluminum soon. This is to ramp up the pressure on Moscow over its war in Ukraine as the anniversary of the invasion nears. “It’s something we are considering,” a U.S. official said, but noted that the announcement about any tariff increase is not […]
02/08/2023
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By JD Heyes
Biden set to implement 200% tariff on Russian aluminum, which will worsen U.S. inflation
During his State of the Union Address on Tuesday, Joe Biden tried to claim that his economy was a success by lying about job ‘creation’ and downplaying inflation — though the latter would not even be a problem were it not for his economic policies and those of Democrats in Congress. At the height of […]
02/08/2023
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By Roy Green
Russia boosts gold stock to cushion impact of US, EU sanctions
Russia went on a gold-buying spree last year out of necessity. It wants to cushion the full impact of the trade and economic sanctions imposed by the United States and the European Union (EU) nations following its invasion of Ukraine on February 24, 2022. According to Finance Ministry data obtained by Reuters on Feb. 3, […]
01/30/2023
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By JD Heyes
Shift away from U.S. ‘petrodollar’ and towards gold-backed currencies in the Global South continues
The United States’ empire is quickly fading, thanks to wanton greed and corruption among our ruling class, but there will be some nation — probably China — stepping in to fill the vacuum, without question. This phenomenon was laid bare again last week during the World Economic Forum in Davos, Switzerland, where countries in the […]
01/17/2023
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By Belle Carter
Glenn Beck warns: The East dumping of the petrodollar brings US economy closer to COLLAPSE
Eastern countries eschewing the petrodollar to buy Russian oil in their own respective currencies could bring the U.S. economy closer to collapse, warned conservative radio host Glenn Beck. During a recent episode of “The Glenn Beck Report,” Beck pointed out that countries in the East such as China and Saudi Arabia are dumping the U.S. […]
01/04/2023
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By Belle Carter
Putin bans export of Russian oil to US and other nations that implemented a price cap
Russian President Vladimir Putin recently signed a decree to temporarily ban the export of oil products to the United States and other nations that implement a price cap. The ban will take effect from February 1 to July 1. “Deliveries of Russian oil and oil products to foreign entities and individuals are banned, on the condition that in […]
12/14/2022
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By Ethan Huff
German economy suffers another devastating blow as BASF announces “downsizing” will be PERMANENT and IMMEDIATE
The “energy transition” that took Germany from reliable coal and nuclear to wind, solar, and now-unavailable Russian natural gas has destroyed BASF, the world’s largest chemical supplier, which is permanently and immediately “downsizing” its operations. Soaring natural gas prices triggered by Western sanctions against Russia over its invasion of Ukraine have left Germany without any […]
11/08/2022
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By Arsenio Toledo
Europe is in a DEINDUSTRIALIZATION SPIRAL due to ongoing energy crisis
The ongoing and debilitating energy crisis affecting the European Union (EU) is causing many of the bloc’s largest industries to cut back production, increasing the chances of the continent deindustrializing itself. The energy crisis is forcing many of the continent’s largest and most energy-intensive businesses to curb their energy usage. As a result of these […]
11/04/2022
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By Arsenio Toledo
Central banks all over the world are buying gold at a furious pace
Central banks all over the world are accumulating gold reserves at a record pace not seen in 55 years. According to the World Gold Council (WGC), central banks all over the world purchased a record-breaking 399 tons of bullion during the third quarter of 2022, massively raising the global demand for precious metals. The WGC also […]
11/03/2022
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By Arsenio Toledo
Energy crisis forces Austria’s only domestic salt manufacturer to cut production by 20%
Salinen AG, Austria’s only domestic salt mining company, is cutting back production by 20 percent due to the massive rise in energy prices in the country. Salinen CEO Peter Untersperger noted that the salt mining company was already charging 12 percent more for salt before the company decided to cut production. He added that the company […]
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