#Moscow and #Ankara are working on an alternative to replace the Russian payment system Mir after the US threatened Türkiye with #sanctions for servicing its cards, Russia’s ambassador there, Aleksey Yerkhov, said on Thursday. https://t.co/RPX39WpOV0 — TNT Radio (@tntradiolive) February 11, 2023 It is extremely…
Tag: economic collapse
UK Suffers “Permanent” Reduction in Living Standards
One in four UK households will be unable to pay their energy and food bills despite the economy narrowly escaping a recession in 2023, a leading think tank predicts https://t.co/mPcSjJDyId — Bloomberg (@business) February 8, 2023 The important thing to remember here is that you…
US Dollar Status as Reserve Currency in Jeopardy, Doctor Doom Says
My new @FT oped on gradual de-dollarization: A bipolar currency regime will replace the dollar’s exorbitant privilege. The greenback is bound sooner or later to feel the effects of intensifying geopolitical rivalry between the US and China https://t.co/gJoxUf9YjI — Nouriel Roubini (@Nouriel) February 5, 2023…
UK Health Workers Begin Largest Strike in NHS’ History Demanding Higher Pay
Ambulance staff are not striking because their greedy. Their striking for.. – Better pay. – Battle inflation and the cost of living. – To keep the workforce from leaving in troves. – Better pay across the gradings on a whole. #OurNHS #NHS #nhsstrikes pic.twitter.com/l2R0671AHo —…
India Pays for Russian Oil with Emirati Dirhams Instead of US Dollars
Bye Bye Petro$. Sad, but it has to happen. Other nations should not have to pay the US (skimming off revenue) for the “privilege” of using the US dollar in oil transactions. We should not get that money because we spend it like drunken sailors…
Saudi Energy Minister Says US Orchestrated Sanctions to Cause Energy Shortages
Saudi Energy Minister Prince Abdulaziz bin Salman Al-Saud. The US set these sanctions up and used their control over Europe to force them to get on board. Meanwhile, Europe is the one paying all of the immediate costs. However, if Saudi gets off the US…
Useless Sanctions: Russian Industrial Production of 2022 Similar to 2021
#BREAKING EU wants new Russia sanctions ready Feb 24, war’s anniversary: von der Leyen pic.twitter.com/y5d25AGQbt — AFP News Agency (@AFP) February 2, 2023 These sanctions have actually helped Russia. You can say whatever you want about the shooting war, but the economic war has been…
UK: About Half a Million Teachers and Civil Servants Join Biggest Strike in Years to Demand Higher Pay
Teachers have never done shit for me other than psychologically scar me to hate women. I learned everything that mattered by myself. I support teachers being forced to join co-ed sports and get mutilated or killed by large black men. Pay them very high salaries…
America Facing Serious Economic Risks as More Countries Move Away from Dollar
Previously: Saudi Arabia Confirms They Will be Trading in Non-US Dollar Currencies! Total End of US Dominance! Paul Craig Roberts! He’s still alive! And he’s still right! RT : The US is facing serious economic risks as more countries around the globe move away from…
Germany Tells People “Manageable” Economic Collapse Could Have Been Worse
From @Breakingviews : Chancellor Olaf Scholz thinks that Germany will not tip into recession this year. But he still should rethink his country’s export-driven economic model, argues @pierrebri pic.twitter.com/B2rWb3gzYP — Reuters (@Reuters) January 25, 2023 But, but, but… how can this be? It’s in the…
Yellen Warns of Devastating Financial Catastrophe. She’s Nervous.
Both Republicans and Democrats have been complicit in this crime. Unfortunately the larger the debt is the more pain all Americans will endure. Personally not a gold bug, but the gold standard did enforce some type of government restraint from endless $ printing/spending. pic.twitter.com/NKexLck1Nd —…
Germany Apologizes to Africa for Tweet Suggesting There’s Nothing But Animals There
Hi @GermanyDiplo .Your boss @ABaerbock visited the @_AfricanUnion based in one of the more than 20 African countries that Germany enjoys reciprocal diplomatic relations with. Did she come to see animals? Or is the Continent of Africa, its people & wildlife just a joke to…
Russian Gas Project to Double Revenue in 2023 Compared to Pre-Sanctions Era
Russia is making money off of these sanctions. They’ve boosted the Russian economy while harming their competitors. RT : The Sakhalin-2 liquefied natural gas (LNG) project is expected to generate twice as much revenue in 2023 compared to its earnings before the Ukraine-related sanctions rained…
Russia Keeps Increasing Oil Exports to China and India
We need to give Russia credit. They’ve won the economic war. The shooting war is whatever – it matters a lot less anyway. But they’re winning that too. RT : Exports of Urals and Kazakhstan Export Blend Crude Oil (KEBCO) brands are expected to surge…
Russia and Iran Expanding Trade Using National Currencies
Those sanctions really got ’em! The petrodollar is going to end and basically collapse the American empire, but at least we did our values and supported a rules-based order. RT : Trade between Russia and Iran surged by 15% last year, reaching $4.6 billion ,…
Yellen Wants to Rebuild IRS to Improve Squeezing of Taxpayers
Related: IRS to Begin Summary Executions of People Accused of Not Paying Enough Taxes Some of this stuff seems like a joke. New York Post : US Treasury Secretary Janet Yellen on Sunday said rebuilding the Internal Revenue Service would be one of her top…
Japan’s Declining Population and Global Sinoization
It’s a tired talking point at this point, but: in white countries, the government/media was telling everyone to have fewer kids because of global cooling or the ozone hole or whatever (this was pre-global warming), and then when people did that they came out and…
UK Buying Russian Oil Through India in Sanctions Loophole
These 2 posts perfectly point out the utter absurdity of our Russian sanctions & energy costs. We still buy Russian oil, only after its been marked up by India. https://t.co/UOxD5iUVee — Dan 🇬🇧 (@Kingbingo_) January 20, 2023 So the purpose of the UK’s anti-Russia sanctions…
Most Chief Economists Surveyed by World Economic Forum Expect Global Recession in 2023
It’s easy to say “all hell is going to break loose.” It has felt like that for decades, and yet it hasn’t really happened. If you say “all hell is going to break loose” and it doesn’t, no one really judges you for it, because…
EU to Suffer Self-Inflicted Diesel Crisis, Experts Say
The most insane part about all of this is that there is no suggestion of any kind of finality. The plan, apparently, is for this to just keep going and going forever. If they were actually able to beat Russia, it would take more than…













