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News & Articles By Ramon Tomey
04/03/2023
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By Ramon Tomey
China settles first LNG trade using YUAN – a major blow to the petrodollar
The People’s Republic of China settled its first liquefied natural gas (LNG) trade using the yuan, its own currency – dealing a major blow to the petrodollar. The Shanghai Petroleum and Natural Gas Exchange (SPNGE) confirmed the deal in a March 29 statement sent to Reuters. According to the statement, the trade between the state-owned […]
03/27/2023
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By Ramon Tomey
Crypto exchange SUSPENDS trading of tokens for NYC and Miami
A cryptocurrency exchange suspended trading of two so-called “CityCoins” on its platform due to limited liquidity of tokens. In a March 9 statement, crypto exchange Okcoin confirmed the suspension of trading for New York City’s NYCCoin and MiamiCoin for the city of Miami. Both the mayors of the Big Apple and the Magic City backed […]
03/16/2023
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By Ramon Tomey
Pension funds lose MILLIONS following SVB and Signature collapse
Several pension funds in the U.S. and other countries have lost millions of dollars due to their investments in Silicon Valley Bank (SVB) and Signature Bank, two financial firms that recently collapsed. A March 14 report by Newsweek revealed that pension funds California Public Employees’ Retirement Fund (CalPERS) and California State Teachers’ Retirement System (CalSTRS) incurred losses […]
03/15/2023
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By Ramon Tomey
Economist: Silicon Valley Bank collapse just the “tip of the iceberg” under Biden admin’s reckless economic policies
An economist has warned that the recent collapse of California-based Silicon Valley Bank (SVB) was only the “tip of the iceberg” under the Biden administration’s economic policy. Freedom Works Chief Economist Steve Moore put in his two cents on the bank’s failure during a March 13 appearance on Fox News. He warned the conservative outlet […]
03/15/2023
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By Ramon Tomey
Tyson Foods to close two chicken processing plants; almost 1.7K jobs affected
Meat giant Tyson Foods announced that it will close two of its facilities for processing chicken, affecting close to 1,700 jobs. The Springfield, Arkansas-based meat processing company confirmed the closure of its two plants – one in Van Buren, Arkansas and another in Glen Allen, Virginia – to CNBC. The Van Buren facility with 969 […]
03/14/2023
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By Ramon Tomey
Silicon Valley Bank collapse sends investors scrambling toward bonds, gold
The collapse of California-based Silicon Valley Bank (SVB) sent investors scrambling toward bonds and gold to keep their assets safe. SVB failed on March 10 after a bank run depleted its funds. The California Department of Financial Protection and Innovation subsequently seized the bank and put it under the receivership of the Federal Deposit Insurance […]
03/14/2023
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By Ramon Tomey
Recently collapsed Signature Bank closed Trump’s accounts after J6
New York-based Signature Bank, one of three institutions that recently collapsed, closed the accounts of former President Donald Trump following the Jan. 6, 2021 false flag riot at the Capitol. A March 12 joint statement by the Federal Reserve, the Federal Deposit Insurance Corporation (FDIC) and the Department of the Treasury confirmed the closure of […]
03/13/2023
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By Ramon Tomey
115-year-old paper mill in North Carolina set to shut down operations for good
A North Carolina paper mill that has been in operation for more than a century will soon close down, devastating workers and local officials. Officials of food packaging company Pactiv Evergreen unexpectedly announced the closure of its Canton, North Carolina paper mill. The said mill, which has been operating since 1908, will be closed in […]
03/13/2023
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By Ramon Tomey
Iran to drop use of the dollar in trade with Africa
The Islamic Republic of Iran may soon drop the U.S. dollar in trading with Africa. Iranian Vice President for Economic Affairs Mohsen Rezaee put forward the possibility during a March 6 conference that touched on scientific and economic cooperation between the Islamic republic and West Africa. Highlighting the importance of multilateral cooperation, he remarked that […]
02/23/2023
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By Ramon Tomey
Kyocera president: Business model of producing in China and exporting abroad no longer viable
Hideo Tanimoto, president of Japanese chip manufacturer Kyocera, believes the tandem of Chinese production and global exports is “no longer viable.” Tanimoto made the remark during an interview with the Financial Times (FT). “It works as long as [products are] made in China and sold in China. But the business model of producing in China […]
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