One of them was a distinctly renewed interest in doing business inside the country, and another was the realization to what extent perceptions have been tainted by media and political rhetoric directed against any real or imagined nastiness attributed to Russia these days.
Russia has stopped “inching towards de-dollarization” as I wrote about on July 3rd, and has now energetically walked out of the list of largest holders of US government bonds, hence this update. For the two months ending in May 2018, Moscow has offloaded more than $80 billion in US Government debt obligations.
“The message is clear—while the online giant gets rich, it is saving money on the health of its workers.” (CD) — Amazon CEO Jeff Bezos has just become the richest man in recorded history—surpassing $150 billion in net worth—thanks to his business model of subjecting employees to low wages, brutal working conditions, and scant benefits, and on Tuesday […]
(TFC) – The opening shots of the largest trade war in history were fired this morning at midnight EST. President Trump’s tariffs went into effect. “China is forced to strike back to safeguard core national interests and the interests of its people,” said the Chinese commerce ministry. China is expected to return fire by adding tariffs to […]
The international business and financial world has long held that independence and diversification makes good business sense. Before the word “diversification” was popularized in business schools and the economic media, the quaint folksy “don’t put all your eggs in one basket” was the simple common sense precursor.
The Bayer – Monsanto convergence is not occurring in a corporate vacuum. It is all part of a race on the part of the global agrochemical companies to stake off the world’s food supplies.
(CW) — Amid Amazon’s ongoing collusion with government organizations, company employees circulated an open letter to CEO Jeff Bezos this week demanding he cancel the internet monolith’s contracts with law enforcement and Palantir, a tech firm that has helped the NSA expand its surveillance capabilities. Gizmodo reported Wednesday that the internal letter circulated on a mailing list titled, “we-won’t-build-it,” calls on […]
In a further sign the US is losing the dominance of the world’s economic system which it has enjoyed since the end of World War 2, Russia is massively divesting from US securities.
In April, Russia dumped $47 billion in US bonds – roughly half of the US debt it holds.
US President Trump’s escalating tariff war, plus ever-expanding US sanctions on Russia, could also be contributing factors to Moscow’s decision to increasingly ditch dollars.
In exchange, Russia is turning to an ancient and time-tested store of value: gold.
(CR) — It is hardly surprising that the first thing Bayer did after completing their takeover of Monsanto earlier this month was to announce that they were dropping the Monsanto name, merging the two companies’ agrichemical divisions under the Bayer Crop Science name. After all, as everyone knows, Monsanto is one of the most hated corporations in […]
