Economy
Towards a New Gold Standard? Or a Currency War with China?
Rumors have it that the remaining months of 2020 may bring drastic and explosive changes in the world’s financial system. But such “doomsday” rumors have been floating around every beginning of fall during the last few years. Why? – The US dollar is getting weaker and weaker. It is not quite on a free fall, but still remains a major trading currency and a key world reserve...
Australia is Learning the Hard Way the Price of its Adherence to US Foreign Policy
In his recent article, a Canadian analyst Patrick Armstrong took a detailed look at current United States policy toward its European allies. Although he does not mention Australia once in his article, much of what Mr Armstrong has to say about United States policy toward its European “allies” is of direct relevance to Australia...
Twilight in the Desert for Saudi and MBS?
It appears as if Saudi de facto ruler, Crown Prince Mohammed bin Salman, is on a mission to destroy the world oil giant by one after the other ill-conceived economic decisions. Now, as MBS orders yet new desperation cuts in Saudi oil prices, his economy is imploding from all sides—from the stupid Vision 2030 plan to even the traditional oil sector, the source...
