Gazprom Neft, the oil arm of Russian gas giant Gazprom, is starting to settle payments for the jet fuel it supplies in China in yuan, instead of in U.S. dollars, the company’s Alexander Dyukov has said. Russian oil firms have sought for years to shift away from U.S. dollar payments for deliveries, while China intends…
I still maintain no one will mark June 16th, 2021 as the day the world changed. Watching the dollar surge into this weekend thanks to a breakdown in the euro only validates that conclusion in my mind. Remember, on June 16th Presidents Biden and Putin met for a summit which altered the course of geopolitics…
From the Notebook posts are expansions of ideas first published for my Patrons. This one was published on June 18th. Sometimes the significance of events doesn’t hit you until far after the event took place. One of the hardest parts of this job is knowing when not to write about a subject and let it…
Did El Salvador just add another nail in the coffin for the US dollar? El Salvador just made Bitcoin the country’s legal tender that can possibly bypass the future use of the US dollar. The bold move must have made the US government and the Federal Reserve bank very nervous at this point in time…
Abstract It is not for no reason that cryptos are roaring, and precious metals are playing catch-up. In the last month there have been developments that point to a new phase of accelerating monetary inflation for the dollar, and fiat money is only just beginning to be exchanged for these inflation hedges at an increasing…
Bitcoin’s rally is all the news. It’s got the gold bugs all aTwitter as they watch their preferred safe haven asset of choice get upstaged again and again by the upstart, Bitcoin. Every day it seems like another establishment media organization goes out of its way to give Bitcoin haters like one-note Peter Schiff an…
