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Europe To Pay Iran In Euros For Oil, Abandoning The Dollar
“The biggest importer of Iranian oil is China. There are also efforts being made by China, the world’s second largest economy, to trade oil in yuan.” Read more:...
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India & Iran drop dollar in oil trade to bypass US sanctions
“Under the deal, the payments for oil will be made through India’s state-run UCO Bank, which has no US exposure.” Read more: https://www.rt.com/business/428245-india-iran-dollar-rupee-oil/ Did you...
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Iran switches reserve accounting from dollar to euro
“Tehran announced that it will start reporting foreign currency amounts in euros rather than US dollars, as part of the country’s effort to reduce its reliance on the American currency.” Read more:...
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Iran, Russia Launching Cryptos to Escape Sanctions
“The ultimate goal of countries like Venezuela, Iran and Russia seems to be to create a parallel financial system under a new alliance of nations.” Read more:...
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Turkish Fighter Jets Repeatedly Violate Greek Airspace As Lira Free-Falls
“While Turkish President Erdogan was busy talking up his currency and begging his people not to sell Lira for dollars, his air force was once again running interference with Greece.” Read more:...
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Argentina’s Peso Collapses Further Despite $50 Billion IMF Bailout
“The collapse of the peso comes despite an endless series of measures to halt it.” Read more:...
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Foreign investment in the U.S. plunged 32% in 2017 amid global decline
“Global foreign direct investment flows were down 18% in 2017 from the previous year and nearly 24% from its post-recession high in 2015, which the OECD attributed to a surge in financial and...
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Trump Blasts China, EU For ‘Currency Manipulation’
“The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market.” Read more:...
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Doug Noland: Intimidate Nobody
“Over time, attaining financial wealth became an absolute prerequisite for wielding geopolitical power and influence. The old military variety appears almost feeble standing next to the contemporary...
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Venezuela Surpasses Weimar: Hyperinflation Expected To Hit 1,000,000% By Year...
“The IMF also expects the Venezuelan economy to contract 15% this year, leading to a cumulative GDP decline since 2013 of 50%. Venezuela’s collapse, while contained, is so profound it is now holding...
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