Foreign critics have long chafed at the exorbitant privilege of the U.S. dollar as a global reserve currency. The U.S. can issue this currency backed by nothing but the ‘full faith and credit of the United States.
The international press loudly proclaimed that Hungarian Prime Minister Viktor Orbán would face his ‘toughest’ election fight ever, polls pointed to his potential defeat, and the EU withheld much-needed recovery funds from Hungary in the run-up to the election. Yet, Orbán not only prevailed but did so in a fashion that has left many in the Western media and political establishment in shock once again. Now, as the dust settles, what lessons can we take away from his historic win?
A Transylvanian Franciscan monk of Hungarian ethnicity, Csaba Böjte, has been nominated by Hungary for the Nobel Peace Prize for his three decades of work in creating a network of orphanages in neighbouring Romania, Minister of Human Capacities Miklós Kásler announced on Thursday.
Despite the difficulties, the Russian economy can still exit with a brilliant trade and balance of payments. According to Bloomberg, experts expect Russia to earn almost $321 billion from energy exports in 2022, more than a third more than it did in 2021.
Serbian President Aleksandar Vučić, known for his recent strong stance in support of Russia in the war in Ukraine, has won a second presidential term after Sunday’s elections with his Progressive Party (SNS) also coming out on top in the early parliamentary election.
Hungarian Prime Minister Viktor Orbán and his nationalist-populist Fidesz party scored a resounding victory in last night’s election, with results showing that the party would once again win a two-thirds supermajority. While declaring victory in Budapest, Orbán thank Hungarians for placing their trust in him once again.
Even as US ‘President’ Joe Biden and Canadian premier Justin Trudeau announce food shortages sweeping their respective nations, farmers are being paid to stop farming. In the United States, chickens are now ‘illegal animals’ in more municipalities, requiring a permit, ‘due to bird flu. The claim goes’
In response to our superbly researched story about the absence of German atrocities during World War II, to which were added many admissions by Allied commanders that the German armed forces treated their captives far better than convention required, a Canadian reader suggested that we republish The Silence of the Lambs to the Slaughter.
The evidence continues to mount that these vaccines do not deserve the continuing provisional approval given to them by the TGA. Concerns about possible adverse side effects are too big to ignore any longer.
The United States and its European cohorts have deprived the Russian Central Bank of access to foreign reserves, which threatens to stop other countries from using the dollar, analysts at Goldman Sachs write in a research note. As Insider argues, countries are concerned about the abusive power such widespread use of the dollar gives the US, and investors might take that seriously, too.
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