Posts Tagged

us dollar

The 7th largest economy on the entire planet, Brazil, has been gripped by a horrifying recession, as has much of the rest of South America.  But it isn’t just South America that is experiencing a very serious economic downturn.  We have just learned that Japan (the third largest economy in …

Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar.  If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States.  In addition to Russia, that …

Last year, Russia began unloading massive amounts of their US dollar reserves. In the month of December 2014 alone, Putin sold some 20% of the country’s U.S. Treasuries, a move that further increased tensions surrounding what can only be described as economic warfare between East and West. Then, as if part of a …