Inflation is already taking its toll on the German economy, but next winter is now being described in near apocalyptic terms by one prominent German agency head…
Russia Adds $9.4 Billion of Oil Revenue to Its Rainy-Day Fund…
Russia said on Thursday it had added the equivalent of $9.4 billion to its government emergency reserve fund, with the money coming from extra oil and gas revenues the country has received so far in 2022…
The Great Currency Reset and Why Europe Is Trapped…
There’s a lot of news flying around about the changes happening in global currency trading. From “Gas for Rubles” to “What the Hell is Going on With the Yen?” there are a lot of questions and very few answers as to what it all means and whose on which side of the divide…
EU Steps Back from Impractical Russia Oil Embargo: Kemp…
EU leaders have stepped back from imposing an immediate embargo on Russian crude and petroleum product imports as the impracticality of the policy has become clear. Imposing an immediate embargo on Russia’s fossil fuels “from one day to the next would mean plunging our country and the whole of Europe into a recession…