The petrodollar died this month — or so I learnt via the financial blogosphere. In the past fortnight, Google searches for “petrodollar” have spiked to a record, and viral posts about Saudi Arabia ditching the greenback have […]
Weekly Daily Standup Top Stories New Zealand to lift oil drilling ban amid blackout fears in blow to Starmer June 9, 2024 Stu Turley New Zealand was on Saturday night expected to revoke a ban on […]
Daily Standup Top Stories The Myth of the Inevitable Rise of a Petroyuan June 11, 2024 Stu Turley In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the […]
In diplomacy, what’s left unsaid often matters more than what’s said. After Chinese President Xi Jinping met the king of Saudi Arabia in December, both nations issued lengthy readouts extolling the burgeoning Saudi-Sino relationship in […]
Daily Standup Top Stories Exploding Energy Prices in California March 13, 2024 Mariel Alumit “California leaders know that rising prices are a huge problem. The state is now considering a plan to tie utility rates to personal income […]
The year 2020 marked parity between the total GDP of the G7 (the U.S. plus allies) and the total GDP of the BRICS group (China plus allies). Since then, the BRICS economies grew faster than […]
Earlier this month, Larry Kudlow insisted that it is “it’s incumbent on the U.S. government, no matter who’s in power, to maintain the reserve currency status of the dollar.” Kudlow laments that a toppling of […]
SEOUL (Reuters) – The central banks of South Korea and Indonesia signed a memorandum of understanding on Tuesday to cooperate on promoting the use of their currencies for bilateral transactions, such as current account transactions […]
It is now established that the US dollar’s status as a global reserve currency is eroding. When corporate western media begins to attack the multipolar world’s de-dollarization narrative in earnest, you know the panic in Washington has fully set in. The numbers: […]
Did you know that central banks bought more gold last year than any year in the past 55 years—since 1967? Though most don’t realize it, 1967 was a significant year in financial history, mainly due […]
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