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News & Articles By Kevin Hughes
03/22/2022
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By Kevin Hughes
Saudi Arabia, China initiating plan to create petroyuan and bring an end to the petrodollar
Saudi Arabia is now considering accepting China’s yuan instead of the United States dollar for its oil sales to the Chinese. “The American Journal” host Harrison Smith discussed the matter during the show’s March 16 episode. “Saudi Arabia is in active talks with Beijing to price some of its oil sales to China in yuan, people […]
03/14/2022
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By Kevin Hughes
Global markets in state of chaos due to Russia-Ukraine War
Many people thought that the global financial markets would not be affected by the Russia-Ukraine War. They were wrong. Investors have received a harsh warning during the past week with the stock prices plunging, commodity prices going absolutely crazy and a dark cloud of fear blanketing Wall Street. The war in Ukraine has forever transformed economic […]
03/10/2022
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By Kevin Hughes
Russian banks turn to Chinese card system as American Express, Visa, Mastercard suspend Russian operations
Russian users of American Express, Visa and Mastercard have turned to China’s UnionPay credit card system following Russia’s complete expulsion from the Western financial system. American Express along with Visa and Mastercard suspended operations in Russia just hours after Ukrainian President Volodymyr Zelenskyy appealed to the companies to cease all business operations in Russia during a video call […]
03/03/2022
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By Kevin Hughes
US oil prices rise to a 7-year high as conflict between Russia and Ukraine continues
As Russia continued its assault on Ukraine’s capital Kiev, oil prices continued to rise Tuesday, March 1, with the U.S. crude reaching its highest level since June 2014. West Texas Intermediate crude futures, the U.S. oil benchmark, surged 11.5 percent to $106.78 per barrel at its peak for the day. It dropped during the afternoon trading and […]
03/02/2022
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By Kevin Hughes
Ontario government shuts down 39 trucking companies for participating in Freedom Convoy
The Ontario Ministry of Transportation has closed 39 independent trucking companies for their participation in the Freedom Convoy protest against Wuhan coronavirus (COVID-19) restrictions. In another round of anti-protest sanctions, the ministry affirmed that 12 trucking companies in Ontario and 27 outside the province have been slapped with seizure orders canceling their authority to carry out […]
02/17/2022
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By Kevin Hughes
“Bidenflation” triggers stunning downfall of consumer sentiment to 10-year low
Consumer sentiment went down in the early weeks of February as consumers lost faith in the economic policies of the Biden administration. Inflation during Biden’s term — “Bidenflation” for short — soared to the worst level in four decades and the long-term economic view of American households dropped to its least favorable level in 10 […]
02/15/2022
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By Kevin Hughes
Inflation is officially up 7.5 percent from last year, highest annual increase since 1982
The Department of Labor announced Thursday, February 10, that inflation in January rose 7.5 percent compared to the same month last year, the highest since February 1982 which was 7.6 percent. The year-over-year rate or “annualized rate” in December 2021 was 7.1 percent. The number surpassed economists’ prediction that consumer prices in January would increase to […]
01/03/2022
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By Kevin Hughes
Bank of Mexico to launch digital currency by 2024
The Bank of Mexico plans to establish its own digital currency in circulation by 2024 to adopt the latest payments technology and incite financial formation in an economy that relies mostly on cash transactions. Mexico’s central bank under the administration of President Andres Manuel Lopez Obrador tweeted on Dec. 30 that it is important “to use these […]
12/25/2021
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By Kevin Hughes
Precious metal analyst David Morgan says all markets are manipulated, out of control – Brighteon.TV
Well-known precious metals analyst and author-speaker David Morgan said all markets are manipulated and it is now out of control. “All these markets are manipulated. They’re not really true, free-market price discovery,” Morgan said during the Dec. 15 episode of “Steel Truth” with Ann Vandersteel on Brighteon.TV. The Silver Guru added that the market is supposed […]
12/12/2021
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By Kevin Hughes
Evergrande’s future in limbo amid debt repayment default
Uncertainties surround the future of Chinese property giant Evergrande Group following reports that it could default on its latest debt repayment. Shares in the company, whose crisis has swelled through the wider property and banking sectors, plunged by 20 percent to a record low on Monday, December 6. In a statement over the weekend, Evergrande said that it could […]
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