Tag Archive: US Dollar

Russia Is Actually Abandoning The Dollar

The Russians are actually making a move against the petrodollar.  It appears that they are quite serious about their de-dollarization strategy.  The largest natural gas producer on the planet, Gazprom, has signed agreements with some… Continue reading

RUSSIAN COMPANIES ‘DE-DOLLARIZE’ & SWITCH TO YUAN, OTHER ASIAN CURRENCIES

Russia will start settling more contracts in Asian currencies, especially the yuan, in order to lessen its dependence on the dollar market, and because of Western-led sanctions that could freeze funds at any… Continue reading

European Banks Scrambling to Prevent Default by Greece

European banks and insurers are scrambling to prevent a default by Greece amid worries that Greece’s parliament won’t pass a much-needed austerity plan next week. The focus right now is on a voluntary… Continue reading

Mexico, Russia, Thailand Add $6 Billion of Gold to Reserves

Mexico, Russia and Thailand added gold now valued at about $6 billion to their reserves in February and March as prices advanced to a record, the dollar weakened and Treasuries lost investors money.… Continue reading