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News & Articles By Kevin Hughes
08/04/2024
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By Kevin Hughes
Russia legalizes Bitcoin, other cryptocurrencies for international transactions to skirt Western sanctions
Russian legislators have approved a bill allowing businesses to use Bitcoin and other cryptocurrencies to settle international transactions. This development is part of Russia’s strategy to evade Western sanctions enforced after the beginning of Russia’s special military operation in Ukraine. The new law also updates existing regulations on cryptocurrency mining and the circulation of other […]
07/29/2024
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By Kevin Hughes
New car incentives surge by 53% amid growing car inventories and decreasing demand
Auto dealers are trying to entice more consumers to purchase cars, sweetening incentive packages so much that the average value of new car incentives has jumped by 53 percent in June compared to the same month last year. More and more consumers are deciding to hold off on purchasing new cars amid elevated interest rates […]
07/26/2024
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By Kevin Hughes
Gold is getting close to becoming world’s reserve currency, says precious metals expert Andrew Sorchini
An expert on the gold market believes the precious metal is closer today to becoming the world’s reserve currency than it ever has been. This is the opinion given by precious metals expert Andrew Sorchini, founder of Beverly Hills Precious Metals, during an interview with Mel K on “The Mel K Show.” Mel K mentioned […]
07/26/2024
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By Kevin Hughes
Vladimir Putin praises digital ruble, calls for CBDC’s widespread use in Russia
Russian President Vladimir Putin recently praised the “efficiency and functionality” of the Central Bank of Russia’s central bank digital currency (CBDC) and instructed his government to get ready for the extensive launching of the digital ruble. According to a Substack report from American writer and journalist Riley Waggaman, writing under the moniker Edward Slavsquat, Putin has […]
07/19/2024
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By Kevin Hughes
Shipping costs are rising all over the world, striking a huge blow to international trade
The impacts of restrictions on shipping in the Red Sea and Panama Canal are now being experienced around the world. Conflicts, economic downturns and restrictions on shipping all over the world are causing shipping costs to surge, straining the free flow of international trade. In the Middle East, for nearly 10 months now, Houthi forces from […]
07/19/2024
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By Kevin Hughes
Saudi Arabia’s Vision 2030 economic revival plan strains the kingdom’s finances amid delays, budget cuts and a growing government deficit
Crown Prince Mohammed bin Salman introduced Vision 2030 – his blueprint for a life after oil – eight years ago. Now, the economic revival project has strained the kingdom’s finances amid delays, budget cuts and the government’s growing deficit. With the government’s budget in deficit for six consecutive quarters, Saudi Arabia has become the largest issuer […]
06/28/2024
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By Kevin Hughes
EU hastens DE-DOLLARIZATION by stealing Russian money and giving it to Ukraine
The European Union will send 1.4 billion euros ($1.5 billion) from the frozen assets of the Central Bank of Russia to the European Peace Facility (EPF) to meet Ukraine’s military requirements – a move that will accelerate de-dollarization. Josep Borrell, EU high representative for foreign affairs and security policy, declared on June 24 that the […]
06/21/2024
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By Kevin Hughes
Poll: Muslim countries lead way in BOYCOTTING brands that support Israel’s genocide of Palestinians in Gaza
Muslim nations are leading the way when it comes to boycotting a brand regarded as helping Israel in its genocide of Palestinians in the Gaza Strip, according to the results of a new poll. The current edition of the annual Trust Barometer report from public relations firm Edelman polled 15,000 consumers across 15 countries. The […]
06/03/2024
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By Kevin Hughes
Gerald Celente: Economic sanctions are turning China and Russia into SELF-SUFFICIENT countries
Sanctions slapped against Russia and China by the U.S. and its Western allies are only turning Beijing and Moscow into self-sufficient nations, according to trend forecaster Gerald Celente. He shared this during a May 24 interview on the “Health Ranger Report” with the Health Ranger Mike Adams. Celente told the program host that sanctions on […]
05/20/2024
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By Kevin Hughes
U.S. slaps new tariffs on Chinese electric vehicles, batteries and other EV hardware
The administration of President Joe Biden has passed massive tariffs on Chinese products, quadrupling duties on Chinese-made electric vehicles to over 100 percent and enforcing new levies on Chinese computer chips, solar cells and lithium-ion batteries. The White House said the latest actions are aimed to “protect American workers and businesses.” The tariffs will affect […]
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