Economics Archives - Page 60 of 61

Saudi Arabia Warms Toward Iran as U.S. Influence Globally Diminishes

Posted on April 6, 2023 by admin | 101 Comments

Spread the loveSaudi Arabia and Iran agreed to restore flights between their countries and resume government and private-sector visits, after their top diplomats met in Beijing on Thursday as a thaw begins in one of the Middle East’s thorniest rivalries.…

U.S. Losing Influence as Saudi Arabia Moves Closer to China-Russia

Posted on April 6, 2023 by admin | 107 Comments

Spread the loveSaudi Arabia is set to join the Shanghai Cooperation Organisation as a ‘dialogue partner’. The SCO is the world’s biggest regional political, economic and defence organisation both in terms of geographic scope and population. This latest step by…

China’s Coal Boom Threatens Global Net Zero Emission Goals

Posted on April 6, 2023 by admin | 109 Comments

Spread the loveNew coal capacity under development in China increased by 38% in 2022, with 366 GW of new coal generation capacity planned. While China’s planned coal capacity climbed, the rest of the world saw its coal capacity decrease by…

Treasury Secretary Janet Yellen Warns Climate Change Could Cause Losses That “Cascade through the Financial System

Posted on April 6, 2023 by admin | 93 Comments

Spread the loveTreasury Secretary Janet Yellen warned Tuesday that climate change is already taking a significant economic toll and could cause extensive losses to the U.S. financial system in the coming years. Yellen made the remarks during the first meeting…

Biden Administration Orders Federal Reserve to Focus on Climate Change

Posted on April 6, 2023 by admin | 93 Comments

Spread the loveAmid the threat of a credit crisis that threatens a crisis of bank failures, the Biden administration has ordered banks to focus on climate change. Fed launches a pilot program ordering banks to evaluate Zero Net Emissions by…

The Truth Central Apr 5, 2023: Global De-Dollarization is Accelerating

Posted on April 5, 2023 by admin | 178 Comments

This week has been tough for the US Dollar. The latest moves come from the BRICS nations: Brazil, Russia, Brazil, China and Saudi Arabia as they are looking into working on a new currency. This plan was expressed verbally by…

Gold Tops $2,000/oz. Heads to New Record High

Posted on April 5, 2023 by admin | 98 Comments

Spread the loveAt $2,042 an ounce—up 2.1% on Tuesday—the has less than 1.5% to rise to hit its of $2,069.40 set in 2020. The shiny, yellow metal has gained 12% over the past month alone and is up 25% from its recent…

XRP Eyes 25% Price Increase as SEC Suit Nears End

Posted on April 5, 2023 by admin | 58 Comments

Spread the loveRipple proponent John Deaton testified in Maine’s Financial Services Committee that the US Securities and Exchange Commission and Chair Gary Gensler are threatening the state’s right and ability to pass legislation that enables banks to accept custody of…

Dollar Collapse Happening Now! Global De-Dollarization Has Just Shifted Into Overdrive

Posted on April 5, 2023 by admin | 85 Comments

Spread the loveThe BRIC nations are challenging to uproot the dollar as the world’s reserve currency. The end result will be to dramatically lower the U.S. standard of living. We are headed toward massive stagflation — stagnant economic growth and…

Middle East Oil Prices Jump After Surprise OPEC+ Oil Production Cuts

Posted on April 5, 2023 by admin | 113 Comments

Spread the loveBrent crude oil climbed $5 a barrel on Monday after Saudi Arabia and other OPEC+ producers announced new production cuts, and gains in energy shares helped lift world stock indexes. The Dow and S&P 500 ended higher, with the…

The Truth Central 4/4/23: Oil to Hit $100? Gold to Reach $2000? Finland to Join NATO

Posted on April 4, 2023 by admin | 86 Comments

The #dollar's demise continues as experts say gold could reach $2000/oz, Oil prices may jump over $100 per barrel amid recent OPEC moves and what will #Russia's reactions be to Finland's move to join NATO and the potential for Ukraine…

Gold Challenges $2,000/oz Resistance Level as US Dollar Fades

Posted on April 4, 2023 by admin | 98 Comments

Spread the loveif we were to look at the trends according to the World Gold Council report, demand for gold rose by 28 per cent y-o-y in Q3-2022 to 1,181 tons, with significant orders coming from the world’s central banks,…

OPEC+ Production Cut Makes $100/barrel Oil Likely Soon

Posted on April 4, 2023 by admin | 98 Comments

Spread the loveSaudi Arabia and Russia cutting back oil production will increase their revenue, while causing inflation in the USA to resume soaring.

The Truth Central Apr 4, 2023: Is Stagflation Looming for the US?

Posted on April 3, 2023 by admin | 71 Comments

It looks like the U.S. is headed for a period of high inflation and low growth, better known as stagflation. Dr. Jerome Corsi breaks down what's happening and leading to this situation on today's The Truth Central. One major sign…

“Dr. Doom” Economist Nouriel Roubini Warns of Stagflation, High Inflation Low Growth

Posted on April 3, 2023 by admin | 95 Comments

Spread the loveThe Catch-22 scenario that central banks have triggered should have been obvious to every economist as soon as they began tightening into the financial weakness and instability created by the covid lockdowns. Instead, the narrative has been an…

Fast-Food Giant McDonald’s Closes Corporate Office, Prepares for Layoffs

Posted on April 3, 2023 by admin | 96 Comments

Spread the loveFast-food giant McDonald’s Corp. is preparing to notify its corporate staff about layoffs early this week in an extensive organizational overhaul. Last week, the Chicago-based fast-food chain sent an internal memo to its US employees, informing them that…

Oil Prices Surge after OPEC+ Cuts Production

Posted on April 3, 2023 by admin | 111 Comments

Spread the loveOil prices have surged after several of the world’s largest exporters announced surprise cuts in production. The price of Brent crude oil is trading above $84 a barrel after jumping by more than 5%. Economists warned that higher…

Japan Breaks with U.S. & EU, Buys Oil from Russia Above $60/barrel Cap

Posted on April 3, 2023 by admin | 106 Comments

Spread the loveIn the first two months of this year, Japan bought about 748,000 barrels of Russian oil for a total of ¥6.9 billion ($5.2 billion). Major break with U.S. and EU sanctions on Russia. Japan backs off supporting Ukraine in war with Russia.

Green Energy Transition Is a Delusion

Posted on April 1, 2023 by admin | 13 Comments

Spread the loveThe “energy transition” is a massive shift, wholly artificial and politicized, from conventional energy (oil, natural gas) inexpensive, abundant, and reliable versus expensive and unreliable wind and solar. The neo-Marxist goal of the climate change movement is to…

Social Security funding crisis will arrive in 2033, U.S. projects

Posted on April 1, 2023 by admin | 115 Comments

Spread the loveMedicare recipients will face automatic benefit cuts starting in 2031 and Social Security won’t be able to make full retirement payments starting in 2033 unless Congress intervenes, according to a new government report released Friday.