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News & Articles By Roy Green
02/08/2023
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By Roy Green
Russia boosts gold stock to cushion impact of US, EU sanctions
Russia went on a gold-buying spree last year out of necessity. It wants to cushion the full impact of the trade and economic sanctions imposed by the United States and the European Union (EU) nations following its invasion of Ukraine on February 24, 2022. According to Finance Ministry data obtained by Reuters on Feb. 3, […]
01/24/2023
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By Roy Green
Crypto lender Genesis seeks bankruptcy protection in last-ditch attempt to stay afloat
Cryptocurrency lender Genesis Global Capital is debt-ridden and scrounging for funds to avert total collapse. Saddled with liabilities that could go as high as $10 billion, it filed for Chapter 11 bankruptcy protection in Manhattan, New York on Jan. 19. The beleaguered crypto firm joined the growing list of digital currency businesses going under as […]
01/23/2023
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By Roy Green
Gold price jumps to 8-month high, eventually settles above $1,900 level
Gold prices vaulted to their highest in eight months on Jan. 17 before settling at the $1,900 level. This followed the U.S. dollar tumbling and inflation slowing down, raising hopes of lower interest rate hikes from the Federal Reserve. The U.S. gold futures contract reached $1,931.80, the yellow metal’s highest since hitting $1,935.50 on April […]
11/16/2022
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By Roy Green
Crypto lender BlockFi blocks withdrawals as FTX declares bankruptcy
The crumbling crypto industry has claimed another likely victim in BlockFi, a digital-asset lender worth $10 billion once, but is now barely functioning. With FTX announcing its plans to file for bankruptcy on Friday, Nov. 11, BlockFi announced via Twitter on the same day that it is “stopping client withdrawals” because of a “lack of clarity” […]
11/09/2022
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By Roy Green
High car loan rates are driving away prospective buyers
Owning a car, whether brand-new or used, is getting harder for most Americans these days. Inflation is spiking and auto loan interest rates are rising, hitting the highest level since 2019. With no signs of slowing down, the interest rates will soon breach the 14-year record highs. Prospective buyers, already having second thoughts due to […]
10/27/2022
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By Roy Green
Investment banks, CEOs predict recession happening soon as economic index declines further
All signs point to a recession happening soon in the United States. Major investment banks are predicting a major economic decline, while CEOs of the country’s top companies are already bracing for a recession before the end of the year or early next year. (Related: Bloomberg model projection says recession is 100% certain in next 12 […]
08/18/2022
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By Roy Green
Zero-COVID policy having severe effects on Chinese economy
China’s stubborn adherence to its zero-COVID policy has severely affected the country’s economy. It was highlighted during a citywide lockdown in Shanghai, a global financial hub of over 25 million people. The draconian measure imposed by the Chinese Communist Party (CCP) to curb the spread of the Wuhan coronavirus (COVID-19) lasted two months. In terms of the […]
03/18/2022
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By Roy Green
Ukraine conflict provides Biden administration with perfect scapegoat for its faults and failures
As Russia and Ukraine try to pound each other into submission, the Biden administration is on tight watch. Although the casualties mount and the devastation widens, it is supportive of the conflict between the bordering nations – even gleeful, perhaps wishing the fighting would go on a little longer. It’s simply because the Russian invasion has taken […]
03/09/2022
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By Roy Green
Scott Kesterson: World finance system will collapse and dollar will crumble in Great Reset – Brighteon.TV
Scott Kesterson dreads the day when the Great Reset happens, but knows it’s inevitable. There are luminous signs: the mounting foreign debt, the collapsing dollar, the Russian invasion of Ukraine, the push for more vaccines, the broken supply chain, the spiking oil prices, the looming food shortage and the digital international ID proposal. All of these […]
02/21/2022
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By Roy Green
Rising gas prices to hit $7 a gallon if crude oil cost spikes and tension between Russia and Ukraine escalates
Even with no lockdowns, Americans may be inclined to travel less this year. That’s because of rising gas prices brought about by a spike in the cost of crude oil, an unsteady supply chain and the escalating tension between Russia and Ukraine. (Related: Russia warns Ukraine of full-scale conflict along the country’s eastern border.) An energy expert already […]
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