Tag: Russia

Time to ask why EU and US Politicians help Russia, China, India and other nations at the expense of their own nations

Extensive anti-Russian sanctions did not at all lead to the isolation of Russia, but isolated those who imposed these sanctions, says German economist Andreas Beck. In his article for N-TV, he writes that a very significant number of countries in the world have not joined the sanctions and benefit from trade with Russia. He stressed that those calling for sanctions were displaying breath-taking irresponsibility.

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.

The report of my death was an exaggeration

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. 

The End of Dollar Dominance and Catastrophe for the Euro

‘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.

MUSICAL NOTES: FRANZ LEHAR (1870 – 1948)

One of the most surprising discoveries for me was to learn that Franz Lehár, whose operas and waltzes match those of the Strauss family, lived in my own lifetime. Much as I love the melodies and waltzes from The Merry Widow and Wiener Frauen (Viennese Women) I was ignorant of the fact that he was a contemporary of The Beatles and Elvis Presley.