Trump’s misguided policies will displace the dollar

By Jeffrey D Sachs Back in 1965, Valéry Giscard d’Estaing, then France’s minister of finance, famously called the benefits that the United States reaped from the dollar’s role as the world’s main reserve currency an “exorbitant privilege.” The benefits are diminishing with the rise of the euro and China’s renminbi as competing reserve currencies. And … Continue reading Trump’s misguided policies will displace the dollar

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Russia looks like a bargain

Despite sanctions, the country is in no serious economic trouble, and its oil stocks look attractive By David P. Goldman The Russian ruble fell sharply in overnight trading after the announcement of US economic sanctions and the threat of more. It has lost more than 2% of its value against the US dollar during the … Continue reading Russia looks like a bargain

US-Turkish alliance reaches the point of no return

The sense of indignation among Turks should not be underestimated, which makes this an exceptional rupture By M.K. Bhadrakumar The Turkish lira fell 22% on Friday before recovering to 17% on the backdrop of the Trump administration’s announcement to double the tariffs on imports of Turkish steel and aluminum. The tariffs affect Turkish exports worth … Continue reading US-Turkish alliance reaches the point of no return

Turkey Will Be Ground Zero in the Next Global Debt Crisis

BY JAMES RICKARDS Turkey is a beautiful country with a rich history including Greek, Roman and Muslim influences that make it one of the most fascinating places on Earth. It is literally a bridge between East and West: The mile-long Bosporus Bridge just north of Istanbul connects Europe and Asia across the Bosporus Strait. Turkey has … Continue reading Turkey Will Be Ground Zero in the Next Global Debt Crisis

Kazakh organisations form Blockchain and Cryptocurrency Association

By Zhazira Dyussembekova in Business ASTANA – In the midst of the worldwide blockchain and cryptocurrencies craze, Kazakhstan has realised the relevancy of the trend like never before. In mid-November, the Blockchain and Cryptocurrency Association applied for state registration as a legal entity to promote the technology’s ideas and draft legislation in the field. The … Continue reading Kazakh organisations form Blockchain and Cryptocurrency Association