Tag: US Dollar
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The Euro becomes a safe-haven for the US Dollar
In an incredible twist of events, the US Dollar is declining in value against the Euro after President Trump launched a sweeping trade war against everyone. The EU has not retaliated against the US tariffs but French President Emmanuel Macron appealed to French businesses to halt their investments in the US. It is often the…
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Russian propaganda and disinformation have taken over CryptoTwitter (Part 1)
Crypto Twitter is up in arms to defend Pavel Durov, a Russian security state asset who was arrested in France over very serious illegalities on the Telegram platform. Crypto Twitter is parroting Russian propaganda and disinformation claiming that the case is about free of speech. Pavel Durov’s case has got nothing to do with free…
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Euro climbs the $1.08 mark
The Euro is currently above the $1.08 mark currently at $1.0811. It is as much as 0.9% higher than it’s Friday’s closing price before the French election fracass on Sunday. Despite the relative far-right victory of the far-right at the French polls, there is no fear in European markets in Europe especially with regards to…
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Further import restrictions would cause higher inflation in Russia – Head of Russian Central Bank Elvira Nabiullina
New US sanctions on Russia announced during last week’s G7 meeting, notably on transactions related to the Russia’s Moscow Stock Exchange have forced the Russian Central Bank to halt US Dollar and Euro transactions on the Exchange. The move comes a week after the Russian Central Bank has kept interest rates at 16% with an…
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Basic currency economics after Tucker Carlson’s Moscow supermarket visit
Following Tucker Carlson’s visit to a supermarket in Moscow seen in a clip that has been widely published and disseminated by Russian propagandists, the pro-Russian media grifter, Tucker Carlson is surprised that a Russian grocery bill came in total just at $104 compared to $400 in the US. Allow me to break it down to you…
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Javier Milei’s plan to Dollarise the Peso is by redeeming two-thirds of it in US Dollars
In an interview he just gave to Bloomberg, Javier Milei who has just won the Presidential elections in Argentina and is in the process of forming a government has outlined briefly his plan for Dollarisarion. Milei states that two-thirds of the Argentinian Peso should be redeemed into US Dollars with the process funded by the…
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Saudi Arabia is not “dedollarising”
Do you people who believe in the idea of “dedollarisation” really care to address the incongruence of your theories when even the purveyors of anti-US hegemony seek out the US Dollar to build their empires? Mohammed Bin Salman is telling you directly and explicitly that he wants to be the new West – that’s up…
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The Ukrainian Hryvnia is not doing well, but it’s persevering better than the Ruble
As one would have expected the Ukrainian national currency, the Hryvnia has lost its value against major currencies with the Russian invasion, but by now things have also unfolded in many ways the Russians didn’t expect. Both the Ukrainian Hryvnia and the Russian Ruble are down around 22% against the US Dollar and the Euro…
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The oil price will rise only as long the West will allow it to
Last year’s international coordination by the West to address the natural gas issue proved that with little effort and international coordination between Western allies, the price of a commodity can be tamped down. Natural gas is a common commodity that can be extracted in many different places and the world has plenty of it. The…
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A new record for BRICS
The Chinese Yuan is back to where it was in 2007 with the US Dollar. As the Russian Rouble collapses, BRICS is turning into a coalition of nation-states with crashed currencies. China’s dream of becoming the world’s number one is obstructed by reality: exponential economic growth is mostly experienced during the transition from poverty to…
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This time it’s not different (part 3): BRICS is not new and will not dominate the West
The Zoltan Poszars of today have either skipped all their lessons in their 20th-century history class, or they are missing out on the most basic and fundamental facts of the global economy. Either way, they are wrong as they have always been. There is a lot of hype on BRICS and this hype has been…
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The Dollar is crashing – upward and forward
The Dollarisation of the world is happening faster than you can say “the Dollar is going to collapse”. The surprise election victory of Javier Gerardo Milei’s party in Argentina plans to bring Argentina’s prolonged and never-ending hyperinflation saga to an end with one simple trick: Dollarisation. In addition to Dollarisation, Javier Milei is also proposing…