Tag: Corruption

Biden, not Putin is a Disaster for the Dollar says Goldman Sachs of Wall Street and the European Central Bank

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.

Politicians Panic as Sanctions intended to destroy the Russian Economy instead Destroy Western Economies

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.