Tag: Economic crisis
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People start burning themselves in Tunisia as the country sinks further into chaos
At least six people tried to burn themselves in separate incidents in Tunisia since last Friday evening. Tunisia is descending further into chaos and economic crisis after Kais Saied took control of the country in an authoritarian coup in 2023 as he jailed his political opponents. The European Union propped up Kais Saied’s regime with…
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Russian Government and Central Bank plan to roll-out direct expropriation of cash balances as the economy goes bankrupt
The Russian Central Bank and MP and Central Bank Council member Anatoly Aksakov are planning to launch a scheme whereby the Central Bank can expropriate cash balances that are over 1.4 million Roubles ($13,000) on behalf of the government. The scheme is similar to the one Cyprus imposed on bank account holders who had more…
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Cubans are out in the streets protesting against the government
Cuba is experiencing its second wave of anti-government protests in its communist history since 2021. Before 2021, there are no recorded anti-government protests. Protests have been held in, Bayamo, Ciego de Avila, Holguin, Santiago and Granma. In response, trucks loaded with food have been sent by the government to East Cuba where most of the…
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Venezuela 2.0 loading
Last year, I argued that Russia’s economy will collapse and will take a road similar to Venezuela in terms of its economic and political fate. Russia’s Venezuela scenario is unfolding right now and it’s still in its early stages. Here is a list of reasons why. 1. The economy has crashed The Russian economy has…
