Finance

Last week’s repo meltdown points to 2008 financial crisis & may lead to new bank crashes – Keiser Report

Forecasting the imminent demise of European banks, an expert talks RT’s Keiser Report through last week’s repo market meltdown and what it may indicate. “The treasuries that settled last week didn’t go well on the funding market – the Fed had to step in and do a $75 billion repo facility on an overnight basis […]

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Iran, Russia Turn to Trade in National Currencies to Ditch Dollar

Last week, the Trump administration imposed new economic sanctions against Iran, targeting its central bank and its sovereign wealth fund. The head of Iran’s Central Bank Abdolnaser Hemmati said Wednesday that Iran and Russia have turned to bilateral trade in national currencies as both countries fall under US sanctions.

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Dow Jones tanks 600+ points as Trump trades barbs with Beijing and the Federal Reserve

The Dow Jones saw a steep drop of 700 points after a threat from Beijing to slap new tariffs on billions of dollars in American goods, and a harsh response from US President Donald Trump, but picked up before ending 621 down.

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Higher tariffs & currency devaluation don’t solve trade disputes, IMF warns US & China

The International Monetary Fund (IMF) has warned trade war rivals, China and the US, that hiking tariffs only harms both domestic and global growth. The IMF also noted that manipulating exchange rates also doesn’t work.

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Major American Bank Forecasts Dollar’s Looming Demise Amid Power Shift to Asia

Several major world economies, including Russia and China, have recently been discussing ways to abandon the dollar in bilateral transactions. Notably, Russian President Vladimir Putin has accused the US of using the status of its currency as a tool of pressure against other states and said that it undermines global trust in the dollar.

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Russia, Belarus ‘Opening Up’ to Bitcoin as US Launches Tax Crackdown on Cryptocurrencies – Founder

The rise of cryptocurrency has sparked intense debate on its role in central banking systems, as well as economic viability in monetary supply chains.

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Jeffrey Epstein found ‘injured & semiconscious’ with suspicious marks on neck in jail cell

Millionaire sex offender Jeffrey Epstein has been found “injured and in a fetal position” in his New York jail cell with marks around his neck, leading to speculation that he’d been attacked or injured himself to get transferred.

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As Billions Pumped Into Restructuring, Deutsche Bank Suffers Biggest Quarterly Loss Since 2015

Deutsche’s net income also dropped by over 40 percent to €231 million in the second quarter, year-on-year – the lender is predicted to report a full-year loss for 2019. Deutsche shares fell 2.4 percent in response to the results.

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JP Morgan says dump US dollar as its century of global dominance coming to end

The US dollar will struggle to remain the top international currency in the coming decades as the rising power of Asian economies is set to undermine its leading position, Wall Street bank JPMorgan Chase has predicted.

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Russia’s economy expands despite sanctions – World Bank

The growth rate of the Russian economy increased last year, while inflation remained low, the World Bank said in its 2019 World Economic Outlook. “Although economic sanctions tightened, Russia experienced relatively low and stable inflation and increased oil production.

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Kremlin Doesn’t Rule Out Collaboration on INSTEX Payment Mechanism for Trade With Iran

Iranian Foreign Minister Mohammad Javad Zarif previously noted that the EU mechanism for bilateral transactions with Tehran bypassing US sanctions could include other interested countries, such as Russia and Turkey.

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Deutsche Bank’s brutal overhaul is sign that global financial system is in trouble – Jim Rogers

When traditionally stable institutions like Deutsche Bank find themselves in trouble, it’s a signal that the world’s financial system will face big problems down the road, legendary investor Jim Rogers has told RT.

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‘Like a debtors’ prison’: American who fled to CHINA from $30k in student loans

Millions of Americans are struggling under the weight of student loans, but the government would rather bomb Iran than fix it, the graduate who packed his bags for China to escape his own crippling college debt tells RT.

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Dollar dump? Russia & China agree to bilateral trade in national currencies during Putin-Xi meeting

Russia and China took another step away from the US dollar after the two countries agreed to develop bilateral trade using the ruble and the yuan. It was just one of the major deals reached after the presidents of the two countries, Vladimir Putin and Xi Jinping, held talks in Moscow on Wednesday.

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Gold prices on fire thanks to US-China trade war

Renewed trade war fears are breathing life into the gold market, according to Phil Streible, senior market analyst at RJO Futures, who also pointed to growing investor fears over the possibility of a rate cut. “Potentially down the road, if equities slow down, and if the global economy slows down enough, you might see the […]

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9th Most Read

A Log in Your Own Eye: Decades of US Meddling in Foreign Elections
Web of Deceit | The History of Western Complicity in Iraq
Russian economy under Putin: Quality of life tripled, foreign debt fell 75%
9/11 The Peace We Lost
United We Fall – [Full Film]
UK media demonizing Russia as “guilty” of daring to resist US Empire
Hotel in Russia’s Crimea named best in the world (VIDEO)
NSA’s telephone metadata collection not authorized by Patriot Act – appeals court
Tucker: Why is Washington united behind a war in Syria?