Russia will speed up work on reducing its dependence on U.S. payment systems and the dollar as a settling currency in response to U.S. sanctions, Deputy Foreign Minister Sergei Ryabkov said on Monday.
When it comes to inflation in the US, there are generally two schools of thought:one is that inflation is woefully - and purposefully for political means - mismeasured, and that the real inflation is orders of magnitude higher than what the BLS, with its endless array of hedonic adjustments, reports. We discussed this view in May when we presented a presentation by Devonshire Research, which showed that "contrarian" CPI is closer to 8%, not the "post-modern" accepted rate of roughly 3%.
Two weeks ago we summarized the stunning impact that ECB Predit Mario Draghi's 'whatever it takes' efforts have had on European capital markets in one simple chart...
Authored by Alex Gorka via The Strategic Culture Foundation,
Some very important news is kept out of spotlight and undeservedly so. Bits of information pieced together indicate that very quietly the North Atlantic alliance is gearing up for large-scale combat operations. War preparations are not limited to weapon systems deployments and troop movements that hit headlines. No combat can be waged without logistics.