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Russia Confiscates €800 Million From Deutsche Bank, Unicredit And Commerzbank
Russia Confiscates €800 Million From Deutsche Bank, Unicredit And Commerzbank After two years of being on the receiving end of a weaponized global reserve currency, getting booted from SWIFT, countless (toothless) sanctions and watching some $350 billion of its assets be frozen and soon confiscated, Moscow has had enough, and over the weekend the FT reported that a […]
Congress Just Supercharged the Dollar’s Downfall
Congress Just Supercharged the Dollar’s Downfall Confiscation, Weaponization, and De-Dollarization “The dollar’s role as the world’s primary reserve currency is a boon for the United States but a bane for the rest of the world.” ~ Barry Eichengreen The U.S. Senate has predictably voted to give $95 billion to Ukraine, Israel, and Taiwan, just three […]
EU Prepares to Tighten Screws on Russian LNG Imports
EU Prepares to Tighten Screws on Russian LNG Imports In a move that could reshape Europe’s energy landscape, the European Commission is poised to propose new sanctions targeting Russian liquefied natural gas (LNG) imports. According to Reuters sources close to the matter, the proposed measures will include a ban on shipments within the EU and […]
The Dieseleuro: Europe Is Guzzling Russian Oil In The Form Of Indian Diesel Imports
The Dieseleuro: Europe Is Guzzling Russian Oil In The Form Of Indian Diesel Imports As western politicians ever so theatrically pretend to sanction Russian oil imports (just so they can signal to their voters just how virtuous they are), especially now that the war in Ukraine is almost over with the US and Germany “pressing Kyiv to end […]
EU Technocrat Threatens Musk With “Sanctions” Unless He Stamps Out Free Speech On Twitter
EU Technocrat Threatens Musk With “Sanctions” Unless He Stamps Out Free Speech On Twitter The battle over Twitter is often made to appear complex and chaotic, but it can all be boiled down to a simple dichotomy – It’s about the people who demand censorship in favor of the establishment narrative vs. the people who want […]
War; Economic War; War; Military; War; Economic War – Do You Spot A Pattern?
War; Economic War; War; Military; War; Economic War – Do You Spot A Pattern? The times are not just a-changin’ – they have changed. Let’s take six of the top seven headlines in the Financial Times this morning in Asia as Exhibit A: ‘Biden claims oil companies are ‘war profiteering’ as he floats windfall tax’ ‘The […]
Massive Protest By Czechs Targets Russia Sanctions, High Prices
Massive Protest By Czechs Targets Russia Sanctions, High Prices Fed up with soaring food, energy and housing costs, tens of thousands of Czech protestors railed against their government on Friday, demanding the resignation of conservative Prime Minister Petr Fiala’s government, withdrawal from NATO and the negotiation of gas purchases from Russia. “This is a new national […]
Pitchforks soon in Europe?
Pitchforks soon in Europe? Dear Europeans For your own children´s sake — on my knees and with my saddened eyes humbly looking downwards — I beg of you to please stop the current self-destructive nonsense dead in its tracks by immediately demanding from your political class to import the bloody Russian oil normally once again […]
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports
EU Pushes To Break “Energy Taboo” With Proposed Ban On Russian Coal Imports Update (0825ET): As EU ambassadors meet on Tuesday to discuss another proposal on Russian sanctions, German Foreign Minister Annalena Baerbock insisted that the EU would “completely end” its fossil fuel dependence on Russia, starting with coal. Of course, as we noted below, Germany […]
UK Threatens Russia With ‘High Impact’ Sanctions Over Ukraine
UK Threatens Russia With ‘High Impact’ Sanctions Over Ukraine NATO foreign ministers are meeting Friday to discuss Ukraine On Thursday, British Foreign Secretary Liz Truss warned Russia that the UK is working on “high impact” sanctions Western powers could implement over allegations that Moscow is plotting to invade Ukraine. “The UK is working with our partners on these […]
As Iran Hits 20,000 Cases, US Says ‘Coronavirus Won’t Save You From Sanctions’
As Iran Hits 20,000 Cases, US Says ‘Coronavirus Won’t Save You From Sanctions’ Even amid a global pandemic that’s altering daily life as everyone knows it, and with borders shut, markets collapsing, and talk of mobilizing the military domestically, Secretary of State Mike Pompeo is keeping up the administration’s “maximum pressure” campaign on Iran. “The […]
The Winds are Shifting
The Winds are Shifting How do you define terror? Perhaps, because of the way the term has evolved in the English language, one wouldn’t call the west ‘terrorists’ per se, but ‘we’ are certainly spreading terror and terrorizing very large groups of people. Yeah, bring on the tanks and parade them around town. Add a […]
The Dying Days Of An Empire
The Dying Days Of An Empire Something’s been nagging me for the past few days, and I’m not sure I’ve figured out why yet. It started when Donald Trump first called off the alleged planned strikes on targets in Iran because they would have cost 150 lives, and then the next day said the US […]
Trump Kicks the Sanctions Can on Iran Oil
Trump Kicks the Sanctions Can on Iran Oil Sanctions on Iran have failed. The weakness of the U.S. position in the oil markets is now complete. Donald Trump’s Energy Dominance strategy has failed. The announcement by Secretary of State Mike Pompeo (R – The Eschaton) that no more sanctions waivers will be granted to importers […]
