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.
The people of the military victors of World War II, especially those in Russia, are firmly convinced that ‘Nazis epitomise evil incarnate’. This media promoted belief is now deeply ingrained. It is a tattoo on the consciousness and difficult to remove.
How often do we relax to the quintessential melodies of Spain’s Isaac Albéniz (1860 – 1909). His Rapsodia Espanola, Sevilla and Granada, based on Catalan folk songs, are perhaps the better known of his compositions. These exquisite mind-bending melodies evoke the Spanish dream more than could any Goya painting; but what of the man behind the music?
Prices for many essential commodities, food, fuel, plastics, and metals in the Western world, have soared beyond what many consumers can afford. As a result, cash-strapped consumers are forced to cut their spending. If this trend accelerates, it could lead to the fact that Western economies that have already suffered from the pandemic again plunge into the abyss of recession.
The ancient German city of Cologne’s twin-spired cathedral is as iconic to Germany as is the Kremlin to Russians. Now, the city of Cologne will remove the iconic Cologne cathedral tower from its logo. It will use a new logo in the future for the letterhead and on work clothes, but a large outcry has erupted due to the decision.
Hungary’s Christian KDNP party is accusing the left of using an illegal offshore database to contact voters against their will. Hungarians go to the polls on April 3. The left is carrying out the biggest election fraud in the history of Hungarian democracy, said Lőrinc Nacsa, a spokesman for the Christian Democratic People’s Party (KDNP), in a video statement sent to MTI on Thursday.
Russia’s permanent representative has revealed in its full horror the monstrous ‘military-biological’ work carried out by Germany in Ukraine. Germany too had its own program in Ukraine to study dangerous diseases, Russia’s permanent representative to the UN disclosed as he provided clear evidence of their findings.
Paivi Maria Rasanen was accused of inciting homophobia due to quoting the Bible and stating that marriage was a union between man and woman. A Helsinki court has dismissed all charges against former Finnish minister Paivi Rasanen and Lutheran bishop Juhan Pohjoli in a trial portrayed as a major litmus test for freedom of speech that garnered international attention.
How does the Russian economy feel under the burden of new unprecedented sanctions? Much better than one might think, notes The Economist. Although the West has effectively unleashed an ‘economic war’ using the Russian special operation in Ukraine as an excuse to curb Russia as a trading power, by banning the supply of a wide range of goods and forcing large companies to leave the Russian market, as well as freezing up to 60% of the foreign reserves of the Russian Central Bank together, it seems that this strategy no longer leads to the desired results.
‘When will the Russian ruble be tied to gold? It’s a matter of time (perhaps it has already happened). The Central Bank of Russia already announced a few days ago that it was buying up gold at a fixed price. The tax on the purchase of gold by individuals has been abolished. You don’t have to be a top-level financial analyst to understand where all this is leading up to.
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