The two nations have been promoting settlements in national currencies. The transition to trade in national currencies between Russia and China will contribute to a global de-dollarization process, China's Charge d'Affaires in Russia said this week at a conference on Russian-Chinese relations. [...]

This week Chinese energy representatives met by video with the Saudi Energy Minister and both sides expressed a strong desire to build a long, solid, and lasting cooperation in the energy sector. China is gradually taking over the US position in the Middle East energy system following the US-Saudi standoff. China and Saudi Arabia have already established a channel for oil settlement in RMB, and Ch [...]

U.S dollar is pegged to oil to become the world's only currency with a devaluation risk hedging function, but if all the countries in the Middle East are no longer using the dollar for oil settlement, the dollar's dominance will suffer an unprecedented impact, and may even end the era of dollar hegemony. On the 5th of October 2022, the Organization of the Petroleum Exporting Countries and i [...]

Governments are spending hundreds of billions of euros to ease the pain of high gas prices. It may not stop a deep recession. The economic damage from the shutdown of Russian gas flows is piling up fast in Europe and risks eventually eclipsing the impact of the global financial crisis. With a continent-wide recession now seemingly inevitable, harsh winter is coming for chemical producers, [...]

World War II: More than 80 years ago was the start of the greatest slaughter in history. If we are to approach the problem of “responsibility for the war”, then we first need to answer the following key questions: Who helped the Nazis come to power? Who sent them on their way to world catastrophe? The entire pre-war history of Germany shows that the provision of the “necessary” pol [...]

In Germany, they pointed to the desire of the United States to ruin Europe. Forecasts for the German economy are becoming more gloomy every day. But there are winners in this situation – the United States. Only the United States is interested in aggravating the situation in Ukraine and expanding the theater of hostilities, says economics professor Christian Kreis. According to him, a war inv [...]

What makes the US such a potent ally and formidable adversary? Its nuclear arsenal? This helps. As does its incomparable navy and huge, hi-tech army. The soft power from its ubiquitous contributions to culture is clearly important. But none of these really explains America’s unique ability to project power globally. This is conferred by the mighty US dollar. 📃The article continues her [...]

We are dealing with an exceedingly complex process. In the course of the last twelve months starting in early January 2020, I have analyzed almost on a daily basis the timeline and evolution of the Covid crisis. From the very outset in January 2020, people were led to believe and accept the existence of a rapidly progressing and dangerous epidemic.   [...]

Importers are puzzled by the switch, while the ruble surges against the dollar and euro. Russian President Vladimir Putin on Wednesday gave the country’s central bank and government one week to come up with a way to switch payments for Russian gas exports to the national currency, the ruble. The prospect raised many eyebrows among Russia’s gas buyers, who started to speculate how exactly this [...]

In this short clip from an interview with Donna Fiducia and Doug Neuen of CowboyLogic.us, Lara Logan outlines her brutally honest perspective on why Ukraine is so important to people in power within the DC system. She explains that Ukraine is at the center of this cult of Globalists. It is the center of money-laundering for the oligarchs and their allies in the United States, it’s the center [...]

The greenback threatens to swallow the wealth of both countries and individuals, according to Wang Zaibang. The United States has violated the major principles of the capitalist market economy and is poised to break the global political and economic order, Wang Zaibang, a senior researcher at China’s Taihe Institute, told Russia’s RIA news agency on Thursday. According to the expert, Saudi [...]

The greenback’s share in the global currency basket could drop. Global economies will be rethinking how safe it is to rely on the US dollar in their foreign currency holdings, the deputy head of the International Monetary Fund, Gita Gopinath, said on Tuesday. The statement comes after half of Russia’s forex holdings were effectively confiscated by international financial institutions amid [...]

We are currently seeing an acceleration of the corporate consolidation of the entire global agri-food chain. The high-tech/big data conglomerates, including Amazon, Microsoft, Facebook, and Google, have joined traditional agribusiness giants, such as Corteva, Bayer, Cargill, and Syngenta, in a quest to impose their model of food and agriculture on the world. The Bill and Melinda Gates Foundatio [...]

Cutting Russia off from the international banking payment system SWIFT would have a serious impact on Western economies, according to the incoming leader of Germany’s conservative Christian Democratic Union (CDU), Friedrich Merz. The politician stressed that the suspension of the system for Moscow “would basically break the back of international payment traffic,” damaging not only European [...]

The criminal CDC rubber stamped their approval to start injecting American children between the ages of 5 and 11 with the deadly Pfizer COVID-19 shot yesterday. As we have pointed out numerous times here at Health Impact News, children this young have a near ZERO statistical chance of dying from COVID-19. Here are the current number of COVID-19 deaths for this age group for the past two year [...]

In the face of vociferous anti-Chinese sentiment from many former Soviet nations in Europe, and pressure from the US on NATO allies to fall in line with Washington, China is still receiving a warm welcome around the Mediterranean. For the past year, China has been battling to keep its relationship with Europe alive in the midst of growing pressures from multiple directions. It has one core st [...]

The Covid-19 treatment molnupiravir was developed using funding from the National Institutes of Health and the Department of Defense. A FIVE-DAY COURSE of molnupiravir, the new medicine being hailed as a “huge advance” in the treatment of Covid-19, costs $17.74 to produce, according to a report issued last week by drug pricing experts at the Harvard School of Public Health and King’s Colleg [...]

Similar to tax practices followed within the US, American citizens living abroad must also report their annual income to the Internal Revenue Service, meaning expats are likely to file and pay taxes in two places. Although the agency implements measures to avoid double taxation, tax-filing requirements have still proven a hurdle for expats. Nearly one in four American expats are weighing [...]

The digital yuan cryptocurrency developed by China has the potential to be a gamechanger when it is rolled out fully. By ending the world’s reliance on the dollar, it will alter the geopolitical landscape forever. For several years now, China has been developing the digital yuan, the first cryptocurrency from a central bank and government in the world. And it’s nearing completion. [...]

The United States and Eritrea are the only countries in the world to tax based on citizenship. If you’re a US citizen living outside the United States, you still have yearly IRS tax filing obligations. These tax filing obligations can be an expensive annual hassle (even if you owe no tax). They may even result in double taxation. Fortunately, properly renouncing your US citizenship can provide [...]

The ongoing US trade war with China has raised concerns about the United States deploying the ‘nuclear option’ of freezing China’s banking sector out of the global US dollar payments system, prompting the use of alternative currencies such as the euro and the yuan to settle financial transactions. The European Union’s single currency was the most used currency for global payments [...]

A number of recent reports suggest that the financial risk from climate change could be much greater than previously anticipated, and that entire asset classes could come under fire as temperatures continue to rise. Trillions of dollars of market value could go up in smoke due to climate change. The damage hits the global economy in multiple ways. The first is the most obvious. Physical da [...]