India’s oil deals with Russia dent decades-old dollar dominance
The US-led international sanctions on Russia have begun to erode the dollar’s decades-old dominance of international oil trade as most deals with India—Russia’s top outlet for seaborne crude—have been settled in other currencies.The dollar’s pre-eminence has periodically been called into question and yet it has continued because of the overwhelming advantages of using the most […]
Will Elon Musk Buy a Silver Mine? Silver to $125 as EV Companies Drive Demand: Keith Neumeyer
Car companies are interesting in potentially acquiring silver mines, as vertical integration happens across sectors, says Keith Neumeyer, President and CEO of First Majestic Silver (NYSE: AG; TSX: FR). Neumeyer discusses how rising industrial demand will send the silver price to triple-digits, and why he is optimistic about gold in 2023. Source link
Sleepwalking Toward Accidental Conflict by Stephen S. Roach
The argument minimizing the risk of a war between major powers – that today’s globalized, interconnected world has too much at stake to risk a seismic unraveling – is painfully familiar. It is the same argument that was made in the early twentieth century, when the first wave of globalization was at its peak. NEW […]
Drones Attack Russia From All Sides
Chaos erupted in Russia overnight as drones swarmed multiple regions, sparking an explosion at an oil depot and the deployment of fighter jets near St. Petersburg, according to local reports.One strike at around 2 a.m. in the Krasnodar region was less than 100 feet from a Russian Defense Ministry barracks, the independent Agentstvo News reports. […]
Russia Has The Most Nuclear Weapons In The World—Here Are The Other Countries With The Largest Nuclear Arsenals
Topline Russian President Vladimir Putin vowed to expand Russia’s nuclear arsenal Thursday, once again hinting at the threat of using nuclear weapons, as Russia’s arsenal already edges out that of the United States, the Federation of American Scientists estimates. A photo from the Manhattan Project’s first thermonuclear test on October 31, 1952. (photograph on … […]
Steel imports from Russia touch eight-year high in April-Jan
India’s imports of Russian steel rose to an eight-year high during the first 10 months of the financial year that began in April 2022, government data compiled by Reuters showed.India, the world’s second-largest crude steel producer, imported 281,000 tonnes of steel from Russia between April and January, nearly five times higher than the same period […]
AI Paves the Way for CBDCs and a ‘Scary as Hell’ Future, How to Protect Yourself: Frank Giustra
Frank Giustra, CEO of the Fiore Group and Founder of Lionsgate Entertainment, discusses how the Ukraine war is hastening a global monetary reset, with the BRICS seeking an alternative to the U.S. dollar in international trade. He also talks about the threat that artificial intelligence holds for jobs, and why AI and CBDCs could combine […]
Palm oil re-emerging as ‘discount oil’, says USDA
Palm oil is re-emerging as the global discount oil despite Indonesia’s efforts to boost its prices through its bio-diesel policy, the Foreign Agricultural Service (FAS) of the US Department of Agriculture (USDA) has said in its latest report ‘Oilseeds: World Markets and Trade’ It said the current discount level between palm and soyabean oil will […]
Biden’s dramatic warning to China
CNN — President Joe Biden starkly warned he will protect America against Chinese threats to its sovereignty and singled out President Xi Jinping – a striking escalation of a suspected spy balloon showdown during his State of the Union address. Biden called out Beijing on Tuesday before millions of viewers in the US and around […]
Reliance, BPCL, Nayara among buyers using UAE dirham for Russian oil
Reliance Industries Ltd., Bharat Petroleum Corp Ltd. and Nayara Energy Ltd. are among Indian refiners using United Arab Emirates dirham to pay for some shipments of Russian crude as they navigate Western sanctions. Buyers have shifted some transactions to the currency, according to people with direct knowledge of […]