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News & Articles By Kevin Hughes
04/08/2022
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By Kevin Hughes
UK unable to pay for Russian gas after imposing sanctions on Russia’s Gazprombank
The United Kingdom is now unable to pay for Russian gas after President Vladimir Putin’s order that this commodity must be paid for in rubles. It is the consequence of enforcing sanctions on Russia’s Gazprombank, through which payments for Russian natural gas are made. Foreign currencies can be changed to rubles on the Moscow Exchange for Gazprom customers, but […]
04/07/2022
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By Kevin Hughes
FMC commissioner warns China’s monopoly over container production could hurt the US economy
Federal Maritime Commission (FMC) Commissioner Carl Bentzel is calling for a policy debate on the long-term effects of America’s “complete reliance” on Chinese container manufacturing. “[The] Chinese container manufacturing industry clearly took steps together to suppress the market prior to the pandemic. Those efforts resulted, partly, in the congestion issues and increases in containerized prices, […]
04/06/2022
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By Kevin Hughes
Business and investing podcaster M.C. Laubscher: Entire world will suffer because of sanctions on Russia
Russia and the rest of the world are going to suffer because of the Russian sanctions, according to well-known business and investing podcaster M.C. Laubscher. “So these sanctions, if you want to break it down, who does the sanctions really hurt in the long run? Well, all of the people all over the world are […]
04/05/2022
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By Kevin Hughes
America about to suffer as Federal Reserve struggles to battle inflation
The worst inflation in four decades has spurred the Federal Reserve to start a series of interest rate hikes. It’s not going to work. The plain truth is that the Federal Reserve doesn’t know how to battle inflation and America is about to suffer the consequences. With prices soaring at a pace not seen since the early 1980s, […]
03/30/2022
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By Kevin Hughes
Poll: The Biden economy is terrible, according to 70 percent of Americans
An Associated Press-NORC poll on Friday, March 25, revealed that around seven in 10 Americans said President Joe Biden’s economy “is in bad shape” already. The poll also showed that nearly two-thirds of Americans denounced how Biden is managing the economy. Moreover, a bulk of Americans said Biden’s policies have hurt the economy instead of helping it. In […]
03/29/2022
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By Kevin Hughes
BlackRock CEO: Conflict in Ukraine marks end of globalization
BlackRock CEO Larry Fink said that the conflict in Ukraine marks the end of globalization as governments and businesses sever ties with Russia. BlackRock, the world’s biggest asset manager, is a leading provider of investment, advisory and risk management solutions. “The Russian invasion of Ukraine has put an end to the globalization we have experienced over […]
03/29/2022
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By Kevin Hughes
Filmmaker Gonzalo Lira: US is committing suicide with its economic sanctions on Russia
Filmmaker Gonzalo Lira thinks the United States is committing suicide when it imposed economic sanctions on Russia. “The United States is committing suicide. And it’s about to embark on a war with China. You don’t see it yet. But it’s there, it’s already happening,” the American novelist said. Lira said people are now going through some […]
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 […]
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