Economics Archives - Page 61 of 62

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

Posted on April 3, 2023 by admin | 130 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 | 72 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 | 151 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.

Dr. Jerome Corsi’s Take on Trump’s Indictment; The Coming Decline of the U.S. Dollar

Posted on March 31, 2023 by admin | 184 Comments

Dr. Jerome Corsi speaks out about former President Donald Trump's indictment by a Manhattan jury, coming from the unique position of someone who has also been persecuted by U.S. political powers. Dr. Corsi also delves deeply into whether recent financial…

Gold Rises to $1,980/oz on Weaker Dollar & Inflation Fears

Posted on March 31, 2023 by admin | 154 Comments

Spread the loveGold prices gained nearly 1% on Thursday as a weaker dollar and lower bond yields drove demand for the precious metal, while investors kept their eyes peeled for U.S. inflation data to gauge the Federal Reserve’s next move.…

U.S. Dollar Losing Status as World’s Reserve Currency

Posted on March 31, 2023 by admin | 136 Comments

Spread the loveOn Wednesday, Banco BOCOM BBM became the first Latin American bank to sign up as a direct participant in CIPS, a Chinese alternative to the US-dominated global payment system. The two countries also agreed to settle in their own…

China And Brazil Strike Deal To Ditch The US Dollar

Posted on March 31, 2023 by admin | 4,201 Comments

Spread the loveThe deal, Beijing’s latest salvo against the almighty greenback, will enable China, the top rival to US economic hegemony, and Brazil, the biggest economy in Latin America, to conduct their massive trade which amounts to $150 billion per year, and…

CFTC Charges Binance and Its Founder, Changpeng Zhao, with Willful Evasion of Federal Law

Posted on March 31, 2023 by admin | 146 Comments

Spread the loveA former chief executive of Binance’s de-facto U.S. subsidiary has enlisted a former federal prosecutor and top cop at the Commodity Futures Trading Commission to represent her in the U.S. government’s investigations into the giant cryptocurrency exchange, a…

On April 1, 2023, Ukraine Banks Switching to IOS 20022, Setting Stage for XRP and Bank-Controlled CryptoCurrencies

Posted on March 30, 2023 by admin | 139 Comments

Spread the loveOn April 1, 2023, the entire Ukrainian banking system shifts to IOS 20022, setting the stage for a worldwide switch to a new system of international payments that shifts from the dollar to XRP crypto-like instantaneous transactions.

Saudi Arabia Enters Trade Alliance with China, Russia, India, Pakistan, and Four Central Asian Nations

Posted on March 30, 2023 by admin | 191 Comments

Spread the loveBRIC nations advance economically as U.S. and EU enter deep recession over banking credit crunch. Saudi Arabia’s cabinet has approved a recent memorandum to take steps toward joining the China-led security bloc.

Mortgage Financing Takes Hit From Silicon Valley Bank Collapse

Posted on March 30, 2023 by admin | 2,284 Comments

Spread the loveWith mortgage lending already at a decade low, the recent bank crisis has reverberated to cause contraction in fintech mortgage financing. Mortgage origination market has begun experiencing multi-million dollar losses.

China and France Conclude First Liquid Natural Gas Deal in Yuan, NOT Dollars

Posted on March 30, 2023 by admin | 417 Comments

Spread the loveChinese national oil company CNOOC 0883.HK, 600938.SS and France’s TotalEnergies TTEF.PA have completed China’s first yuan-settled LNG trade through the Shanghai Petroleum and Natural Gas Exchange, the exchange said on Tuesday.

Nuclear Energy’s Future and Is Commercial Real Estate the Next to Fall? – The Truth Central

Posted on March 29, 2023 by admin | 143 Comments

With the collapse of a number of regional banks recently and the uncovering of the Federal Reserve's inability to properly stress test them beforehand, Dr. Jerome Cosi asks is commercial real estate, especially in expansive urban areas, is the next…

World Bank Warns of “Lost Decade” – Global Economy’s “Speed Limit” Set to Fall to Three-Decade Low

Posted on March 29, 2023 by admin | 148 Comments

Spread the loveWorld Bank warns nearly all the economic forces that powered progress and prosperity over the last three decades are fading. As a result, between 2022 and 2030 average global GDP growth is expected to decline by roughly a…

Demand for Physical Precious Metals Skyrockets as Central Banks Stock Up on Gold

Posted on March 29, 2023 by admin | 131 Comments

Spread the loveCentral banks and institutions, including sovereign-wealth funds, bought about 1,136 metric tons of gold net of sales in 2022, according to a World Gold Council report Tuesday. Please check out Swiss America in “Sponsors” tab above.

The Truth Central Ep 2: Will Only A Few Banks Be Left Standing Soon?

Posted on March 28, 2023 by admin | 268 Comments

Dr. Jerome Corsi digs deeply into the reasons behind the current wave of bank failures and whether or not there could be a plan to consolidate the industry. Also, Climate Change Alarmists have fostered a new generation of Climate Change…

Russia Claims To Have Completely Redirected Oil Exports To Avoid Embargo

Posted on March 28, 2023 by admin | 153 Comments

Spread the loveRussia’s Energy Minister says that the country’s crude oil and fuel exports have been completely redirected to avoid the EU and G7 embargoes.

Will U.S. Have Only Big Banks Left as CBDC Is Rolled Out by 2025

Posted on March 28, 2023 by admin | 198 Comments

Spread the loveOver 180 banks have solvency problems like Silicon Valley Bank. Is the Fed planning to have only six banks would be left standing, making it easier for the government to introduce Central Bank Digital Currencies (CBDCs), programmable tokens…

Commercial real estate is the next shoe to drop for regional banks and the stock market

Posted on March 28, 2023 by admin | 670 Comments

Spread the loveA potential credit crunch caused by a wave of upcoming refinancing of commercial real estate loans at much higher interest rates than in the past, could send stocks spiraling and the economy into a recession.

The Truth Central Ep. 1: Dr. Corsi Examines Inflation, Energy, the Climate Change Agenda and the Coming Recession

Posted on March 27, 2023 by admin | 141 Comments

Dr. Jerome Corsi's The Truth Central premieres as we jump right into what's really happening with our economy and what is to come as the nation braces for a recession.