War
Germany officially plunged into recession during the first three months of the year. The Europe’s largest economy contracted by 0.3% in the first quarter of 2023 after it suffered a decline of 0.5% in the fourth quarter of 2022. A recession is defined as two consecutive quarters of contraction, therefore, the German economy has entered […]
... written on May 29 2023Since Russian president Vladimir Putin invaded Ukraine in February 2022, the United States has seized several superyachts belonging to Russian oligarchs. It was part of Washington’s tactic to seize the assets of Russian billionaires, believed to be Putin’s cronies, in order to put pressure on Moscow to end the war in Ukraine. But the confiscation […]
... written on May 18 2023On Wednesday (May 3, 2023), footage of two drones attacking the Kremlin in Moscow has gone viral. The stunning strike on Vladimir Putin’s residence has been described as “a planned terrorist act and an assassination attempt on the Russian president”. The explosion, however, did not kill or injure anyone because Putin was not present in […]
... written on May 05 2023Having learned from China, a country called India is making tonnes of easy money by buying crude oil from Russia before selling it to the EU. The fast learner has become Europe’s largest supplier of refined fuels, according to data from analytics firm Kpler. In March alone, India’s imports of crude oil from Russia touched […]
... written on May 01 2023It will not happen overnight or next month. And it will not lose entirely its reserve currency status next year. But the U.S. dollar is definitely losing its status at a faster pace than generally accepted. Western analysts and economists are simply in denial when they insist that the greenback is not going anywhere, let […]
... written on Apr 20 2023Playing good cop and bad cop, French president Emmanuel Macron and European Commission chief Ursula von der Leyen flew into Beijing last Wednesday. The duo’s visit to China (April 5 – April 8) was supposed to present a united European front to pressure Beijing on several issues, including using Chinese influence to condemn Russia and […]
... written on Apr 10 2023Saudi Arabia, the de-facto leader of OPEC, and other OPEC+ oil producers announced on Sunday (April 2) voluntary cuts to their production to the tune of 1.15 million barrels per day (bpd). While Saudi said it will slash output by 500,000 bpd, close ally UAE said it would cut by 144,000 bpd in addition to […]
... written on Apr 04 2023For the last 100 years since the U.S. dollar replaced the British pound sterling as an international reserve currency, the United States has become the world superpower after the First World War (1914-1918). Coincidentally, the dollar as we know it today was actually first printed in 1914 after the Federal Reserve Bank was created under […]
... written on Apr 02 2023America is very good at getting involved in wars, but is horrible at getting out of them. The military superpower has never failed leaving behind a trail of destruction in every country it involved in wars – Vietnam, Iraq, Libya, Syria, Laos, Cambodia, Korea, Kosovo, Bosnia, Afghanistan and the list goes on. The latest war […]
... written on Mar 30 2023When Kim Jong-Un threatened to unleash nuclear missiles at the United States, the West laughed. But when Vladimir Putin did the same, the West took the threat seriously. The reason North Korea will never nuke South Korea or Japan, let alone the U.S. – unless America makes the first move to destroy North Korea – […]
... written on Mar 27 2023
