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News & Articles By Richard Brown
04/25/2024
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By Richard Brown
Switzerland confirms it holds $14.3 billion in FROZEN Russian assets
Switzerland has disclosed that it currently holds an estimated 13 billion Swiss francs ($14.3 billion) in Russian assets, frozen within its financial institutions. These assets are divided evenly between state-owned holdings and those belonging to private individuals, as revealed by the national agency responsible for overseeing sanctions. While the value of Russia’s state assets remains […]
04/22/2024
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By Richard Brown
Top Russian banker calls for end of Western payment systems like SWIFT
The chief executive officer of Russia’s second-largest bank emphasized the necessity of shifting away from Western payment systems like SWIFT, stating that it is crucial for Russia and its trading partners. Addressing the Data Fusion 2024 conference on Thursday, April 18, Andrey Kostin, CEO of Russia’s third-largest bank VTB, advocated for the advancement of digital […]
04/11/2024
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By Richard Brown
Chinese renminbi replacing the U.S. dollar as most traded currency in Russia’s foreign exchange market
The Central Bank of Russia has just released a financial risk review noting how trading in the Chinese renminbi reached a historic high in March. This surge in yuan usage comes as part of Russia’s ongoing shift away from major Western currencies, spurred by sanctions imposed by the United States and the European Union over […]
04/03/2024
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By Richard Brown
Homeless encampments make Los Angeles look like a Third World country
Downtown Los Angeles has been likened to a “third world” area following the release of disturbing footage showcasing a homeless encampment, complete with open fires in the streets and sidewalks strewn with trash. The alarming video, shared by Fox News reporter Bill Melugin on X, reveals numerous homeless individuals gathered on filthy sidewalks at the […]
03/27/2024
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By Richard Brown
Putin successfully using GOLD to defeat international sanctions on Russia
Since the Western world implemented widespread sanctions against Russia over its special military operation in Ukraine in early 2022, President Vladimir Putin’s strategy for evading economic disaster has relied on linking the ruble’s value to gold, sparking both intrigue and concern globally. Despite facing an onslaught of over 16,000 sanctions, targeting everything from Russian trade, […]
03/22/2024
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By Richard Brown
JOBS CRISIS: Almost 107 million Americans are not in the labor force
The economy’s current state has left many perplexed as widespread mass layoffs by large employers are occurring nationwide, creating significant challenges for job seekers. Despite these economic hurdles, the administration of President Joe Biden and mainstream media maintain an optimistic narrative, asserting that the unemployment rate is low and everything is under control. The recent […]
02/26/2024
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By Richard Brown
U.S., other countries impose sanctions on over 500 Russian economic targets to mark the second anniversary of war in Ukraine
The United States and other countries have marked the second anniversary of the ongoing war in Ukraine with more sanctions targeting Russia. These sanctions include over 500 targets and will specifically focus on Russia’s military-industrial complex and companies in countries that facilitate Russia’s access to desired goods, according to Deputy U.S. Treasury Secretary Wally Adeyemo. The move is […]
02/19/2024
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By Richard Brown
DEDOLLARIZATION IN MOTION: Egypt moves against U.S. dollar, seeks trade settlements with BRICS states
Egypt is actively pursuing negotiations to decrease reliance on the U.S. dollar for trade settlements with other BRICS states, according to the country’s Ministry of Foreign Affairs. The decision to embrace national currencies is driven by the need to counteract rising costs associated with using foreign currencies due to global inflation. Ragy El Etreby, Egypt’s […]
01/24/2024
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By Richard Brown
Red Sea attacks have DOUBLED the average cost of container shipping
The global shipping industry is grappling with a significant upheaval as the average cost of containers has surged to more than double its previous rate within just one month. The primary driver behind this unprecedented increase is the ongoing disruption caused by Houthi attacks on cargo vessels navigating the Red Sea. These attacks, stemming from […]
01/09/2024
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By Richard Brown
Over 55,000 companies shut down in France as country’s economy implodes
France witnessed a record-breaking year for business closures in 2023, with over 55,000 companies shutting down, according to data compiled by the Bank of France as of December. The statistics, released by the regulator on Saturday, reveal that an average of 55,492 companies faced bankruptcy or liquidation over the past 12 months. While the surge […]
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