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News & Articles By Kevin Hughes
12/11/2025
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By Kevin Hughes
The Dollar’s Demise: A wake-up call for a world on the brink
The dollar’s death spiral is inevitable due to its status as a fiat currency, backed by nothing, and the Federal Reserve’s unchecked money printing. The BRICS nations are leading the charge in de-dollarization, opting for gold-backed alternatives, which are more stable and trustworthy. The U.S. national debt is unsustainable, and the Fed’s policies are setting […]
12/08/2025
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By Kevin Hughes
Global billionaire wealth hits record $15.8 trillion as inheritance wave accelerates
Global billionaire wealth hit a historic $15.8 trillion in 2025—a 13% annual increase—driven by entrepreneurial innovation (especially in tech and industrial sectors) and the largest intergenerational wealth transfer ever recorded. Self-made billionaires in technology (+23.8%) and industrial sectors (+27.1%) fueled growth, while consumer/retail sectors stagnated. European luxury brands lost ground to Chinese competitors. Inheritance reshaped […]
12/07/2025
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By Kevin Hughes
China’s local debt crisis deepens: $18.9 trillion burden threatens global economy
China’s local governments relied on land sales (40% of revenue), but revenues plummeted 70% (1.2T?1.2T?350B) since 2021. Major developers (Evergrande, Country Garden, Vanke) collapsed, freezing the market—10% of properties receive zero bids. Local Government Financing Vehicles (LGFVs) hold 12.2T in off?balance-sheet debt, pushing total obligations to 18.9T (more than Japan’s GDP). 10% of LGFVs are loss-making, nearly half insolvent without […]
11/29/2025
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By Kevin Hughes
Indonesia launches massive oil and gas exploration push, invites global investors to develop 108 untapped basins
Indonesia aims to nearly double its crude oil production to one million barrels per day (bpd) by 2029, targeting 108 untapped oil and gas basins to reverse its decade-long decline in hydrocarbon output. The government has introduced streamlined licensing (Govt. Regulation No. 28/2025) and 75 new oil/gas blocks to attract global investors, with nine already awarded. Plans include Enhanced Oil Recovery (EOR), […]
11/28/2025
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By Kevin Hughes
Russia’s oil and gas revenues collapse by 35% in November as sanctions and falling prices bite
Russia’s November 2025 oil and gas revenues plummeted by 35% year-on-year to just $6.6 billion, driven by crashing Urals crude prices, U.S. sanctions and a stronger ruble. Recent U.S. sanctions targeting Rosneft and Lukoil have forced steep discounts on Russian oil, with Urals crude trading as low as $36.61 per barrel – far below the $88.95 peak in March 2022. Oil […]
11/24/2025
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By Kevin Hughes
China’s lithium market turmoil: Prices crash as regulators tighten trading rules
Lithium carbonate futures on China’s Guangzhou Futures Exchange (GFEX) plummeted 9% after regulators tightened trading rules, including higher fees and position limits, to curb speculation. This erased recent gains, with prices dropping to 91,020 yuan/ton from a peak of 102,500 yuan/ton the day prior. Reports indicate Contemporary Amperex Technology Co. (CATL) may restart production at its Jianxiawo lithium mine (46,000-ton annual capacity), adding supply to […]
11/22/2025
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By Kevin Hughes
Japan announces $135 billion stimulus package as Takaichi seeks to boost economy
Japan approved a three trillion yen ($135 billion) stimulus package, its largest since the COVID-19 pandemic, aimed at combating inflation, boosting defense and reviving economic growth. Measures include 20,000 yen ($130) per child in cash payouts; 7,000 yen energy bill subsidies (January-March); 3,000 yen rice vouchers per person; and elimination of gasoline taxes The package focuses on price […]
11/21/2025
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By Kevin Hughes
Nvidia’s AI-driven earnings surge sparks market rally, easing bubble fears
Nvidia reported $57B in Q3 revenue (62% YoY growth), exceeding Wall Street forecasts. Profits surged to $31.9B, signaling unstoppable AI demand. CEO Jensen Huang declared AI adoption is accelerating globally, with Blackwell GPUs “off the charts” and cloud GPUs “sold out.” Nvidia jumped 5% in after-hours trading, nearing $196. Big Tech (Apple, Microsoft, Alphabet, Amazon, Meta) saw gains. […]
11/20/2025
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By Kevin Hughes
U.S. crude oil inventories surge as production hits record highs amid global supply concerns
U.S. crude stockpiles surged by 4.4 million barrels last week, with domestic production hitting an all-time high of 13.862 million barrels per day (bpd). Falling exports contributed to the domestic oversupply. The Trump administration added 798,000 barrels to the Strategic Petroleum Reserve, bringing reserves to 410.4 million barrels, as part of efforts to restore depleted emergency stockpiles. While crude […]
11/20/2025
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By Kevin Hughes
Markets tumble amid tech selloff: AI bubble fears intensify as Google CEO warns “no company is immune”
Global stock indices (FTSE 100, S&P 500, Nasdaq) plunged amid concerns over inflated AI stock valuations, particularly Nvidia, whose shares surged from 460 to nearly 900. Sundar Pichai acknowledged AI’s transformative potential but cautioned against “irrational exuberance,” comparing it to the dot-com bubble—profitable long-term but prone to short-term overhype and collapse. Billionaire Peter Thiel sold his […]
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