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looking beyond borders

foreign policy and global economy

Archive for the tag “gold”

Will Trump Destroy The Dollar?

Under President Trump, it is possible, for the first time in a generation, to imagine a concerted attack on the central bank. Conceivably, the United States could repeat the story of the mid-1960s and ’70s, when a 15-year period of central-bank independence was brought to an end by presidential bullying. Back then, Lyndon B. Johnson summoned the Fed chairman, William McChesney Martin Jr., to his Texas ranch and shoved him around the living room while proclaiming that low interest rates were imperative in a time of war.

Read Here – The Atlantic

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China’s Hunger For Raw Materials

VisualCapitalist

“God Gave You Everything. And Then, He Also Gave You Delhi To Mess It All Up”

Commodities trading guru and hedge fund manager Jim Rogers has sold his holdings in Indian companies and exited India because, he says, the National Democratic Alliance (NDA) government has failed to live up to investors’ expectations.

Read Here – Mint

Straight From Shakespeare’s Pen

Welcome to Uzbekistan, a country that in recent months has been home to a drama that could have come straight from Shakespeare’s pen. Playing the leading roles are: a dictator, who has had his country under his iron grip for a quarter-century; his glamorous daughter, who he had been grooming as his successor; and his wife, who was conspiring with the head of the country’s intelligence agency against the plan. It is a drama about power, billions of dollars and corruption. There’s also a possibility of legal proceedings that could land his favorite daughter in jail for a long time to come.

Read Here – Der Spiegel

If It’s Gold, It’s Asia

Courtesy: World Gold Council

The 100 Year-Old Debt

The scale of World War One was unprecedented in several ways, including the cost to finance it. In fact, several of the countries involved are still facing related debts.

Read Here – Quartz

China’s Slowdown Skins Gold And Oil

The wreckage caused by China’s great, juddering slowdown continues to spread far beyond the country’s shores. Although most commodities enjoyed a bounce on May 3, after better-than-expected U.S. employment data, the plunge in their prices over the past few months suggests the past decade’s rally is truly broken, Ruchir Sharma argues

Read Here – Bloomberg

Big Powers To Offer Easing Gold Sanctions At Iran Nuclear Talks

Major powers plan to offer to ease sanctions barring trade in gold and other precious metals with Iran in return for Iranian steps to shut down the nation’s newly expanded Fordow uranium enrichment plant, Western officials said on Friday.

The officials said the offer is to be presented to Iran at February 26 talks in Almaty, Kazakhstan, and they acknowledged that it represents a relatively modest update to proposals that the six major powers put forward last year.

Read Here – Reuters

Russia’s Putin And His Weight In Gold

When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he’s not just talking. He’s betting on it. Not only has Putin made Russia the world’s largest oil producer, he’s also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the past decade, a quarter more than runner-up China, according to IMF data compiled by Bloomberg. The added gold is also almost triple the weight of the Statue of Liberty.

Read Here – Bloomberg

 

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