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News & Articles By Richard Brown
06/26/2024
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By Richard Brown
4 Major banks FLAGGED by U.S. regulators over inadequate derivatives plans
Four major U.S. banks were flagged by regulators over their derivatives plans, urging them to fine-tune their policies linked to these. The four financial giants – Bank of America (BofA), Citigroup, Goldman Sachs and JPMorgan Chase – were told to improve their plans for managing bankruptcy, specifically focusing on the safe resolution of their derivatives […]
06/19/2024
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By Richard Brown
Malaysia declares intention to join BRICS
Malaysian Prime Minister Anwar Ibrahim has announced that his country will apply for membership in BRICS. The 77-year-old leader disclosed the decision in an interview with the Chinese outlet Guancha. “We have made our policy clear and decided to proceed. We will start the formal process soon,” Anwar stated. “We are waiting for the final […]
05/28/2024
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By Richard Brown
G7 inching closer to final resolution on seizing frozen Russian assets to aid Ukraine
Finance officials from the Group of Seven (G7) wealthy democracies have announced progress on a proposal by the United States to generate more funds for Ukraine using Russian assets frozen in their respective countries. “We are making progress in our discussions on potential avenues to bring forward the extraordinary profits stemming from immobilized Russian sovereign […]
05/27/2024
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By Richard Brown
Alabama eliminates income taxes on capital gains from sale of gold and silver
Alabama Gov. Kay Ivey has signed a bill that eliminates income taxes on capital gains from the sale of gold and silver, marking a significant advancement in reinforcing sound money principles within the state. Senate Bill 297 allows Alabama to exempt capital gains taxes on the sale of gold and silver in a bid to prioritize […]
05/24/2024
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By Richard Brown
DOLLAR DEMISE: China selling U.S. Treasury bonds in record numbers in favor of gold, other commodities
China sold a record number of U.S. Treasury bonds in the first quarter of this year, marking a significant shift away from dollar assets in favor of other commodities. Beijing divested a total of $53.3 billion in Treasuries and agency bonds during the first three months of the year, while simultaneously increasing its purchases of […]
05/21/2024
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By Richard Brown
Putin, Xi pledge stronger partnership as Russia pummels Ukraine
Russian President Vladimir Putin and Chinese President Xi Jinping pledged to deepen their partnership during a meeting in Beijing on Thursday, May 16, highlighting their countries’ united front against the West. This meeting comes as Putin intensifies his offensive in Ukraine and follows his recent military leadership shake-up. Putin’s visit to China, his first international […]
05/07/2024
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By Richard Brown
Russia ramping up production of weapons, ammunition ahead of expected offensive
Since the onset of the conflict between Moscow and Kiev in 2022, there has been a significant surge in the production of weapons and ammunition in Russia, as revealed by Sergey Chemezov, the head of the defense conglomerate Rostec. During a meeting with Russian Prime Minister Mikhail Mishustin, Chemezov disclosed that approximately 80 percent of […]
05/07/2024
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By Richard Brown
Russia strikes Ukraine’s military headquarters in Odessa
Russian forces have launched a major assault on Ukraine’s military headquarters in the southern region, a strategic move aimed at gaining control over vital command structures. The attack targeted Ukraine’s Operational Command South headquarters, located in the heart of Odessa, a significant port city in the region known for its economic and military importance. The […]
05/06/2024
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By Richard Brown
New U.S. anti-Russia sanctions target Chinese entities that sell dual-use products to Moscow
The Department of the Treasury has unveiled a list of sanctions against nearly 300 entities, targeting these groups and individuals believed to be aiding Russia to circumvent existing sanctions related to the special military operation in Ukraine, with a focus on products originating from China. According to a press release from the Treasury Department, these sanctions target a […]
05/02/2024
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By Richard Brown
Russian central bank governor: Western seizure of frozen assets won’t affect Russia’s financial stability
Central Bank of Russia Gov. Elvira Nabiullina in a statement assured people that Russia would remain financially stable even if the United States and its allies were to seize its frozen assets overseas. The U.S. and its allies have frozen approximately $300 billion worth of assets belonging to the Russian central bank as part of […]
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