ussia will further turn away from dollar as US pursues ‘aggressive’ sanctions policy – Lavrov

While Washington is “abusing” the status of the dollar as the world reserve currency, Moscow will continue to reduce its dependence on the greenback in favor of national currencies, the Russian foreign minister says. … Read More >ussia will further turn away from dollar as US pursues ‘aggressive’ sanctions policy – Lavrov

US Treasury chief says sanctions ALTERNATE military conflicts…but it hardly goes well with those sanctioned

Sanctions imposed on some stubborn countries are a better option than military conflicts, Steve Mnuchin claimed, just as the US rolled out fresh penalties against Iran and EU firms helping build a German-Russian pipeline. … Read More >US Treasury chief says sanctions ALTERNATE military conflicts…but it hardly goes well with those sanctioned

Gold ready to join ‘all-time-highs club’ as US dollar and equities can’t go up forever – commodity strategist

With stock prices consistently breaking new records, a normal reversal is bound to happen sooner or later. That could boost gold to a new all-time high, says Bloomberg Intelligence (BI). … Read More >Gold ready to join ‘all-time-highs club’ as US dollar and equities can’t go up forever – commodity strategist

Russia’s holdings of US state debt is 25 times smaller than that of tiny Luxembourg

Russia’s holdings of US securities as of September stood at $10.75 billion, recent data from the US Treasury Department shows. Moscow’s total is just a fraction of what small states, like the Cayman Islands and Luxemburg, hold. … Read More >Russia’s holdings of US state debt is 25 times smaller than that of tiny Luxembourg