Currency

Guns and Chips and Irony

I had Doctor Daniel Brown from Harvard spend 70 hours with Sirhan over almost three years [and] he comes away with this staggering, staggering evaluation. He says Sirhan was hypnoprogrammed ….. a technique of using chemicals as well as hypnosis ….. The program on him makes him forget everything within a certain time frame ….. He remembers when he gets a pinch on the neck [that] what he sees is not Senator Kennedy. It’s a paper target of a human being.
— William Pepper, 2013, speaking at Concordia University in Montreal, Quebec, Canada

In lead up to US sanctions, Iran suffers largest currency plunge ever

For fear of the effects of US sanctions, the Iranian Rial is on the way down, quite literally. Following Trump’s withdraw from the 2015 nuclear non proliferation agreements commonly known as the Joint Comprehensive Plan of Action (JCPOA), Washington is reimposing sanctions which will affect its financial, currency, previous metal, energy, and other markets, causing them to nosedive. On November 4th, the oil sanctions will go into effect, and expectations about the future of Iran’s oil business are not positive.

How Trump’s Trade War Could Cost America Everything

(ANTIMEDIA) — As the Trump administration moves forward with its plan to impose tariffs on goods shipped into the U.S., like steel and aluminum, the term “trade war” is emerging in headlines across the media. Abandoning the principle of free trade marks a monumental shift in America’s stance towards the globalized economy and will undoubtedly come with severe repercussions. President Trump seems […]

Will Petrodollar Give Way to Petroyuan? China Makes First Move this March

BEIJING — Wall Street is bracing for a potential shake-up as China is set to launch its first-ever crude oil futures contract late March at the Shanghai Futures Exchange.
The move, which had been laid out in 2012 but faced delays over possible market turbulence, could represent a bold step forward in China’s rise as an economic superpower and global hegemon. The contracts will be priced in China’s currency, the renminbi or yuan, marking the birth of what many are calling the “petroyuan.”