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West speeding towards point of no return with Russia
January 23, 2015 1:00 am

West speeding towards point of no return with Russia

Along with ISIS, President Barack Obama has singled out Russia as an enemy that the United States will have to deal with decisively. In his address on the state of the Union this week, Obama sought to demonstrate his global leadership amid the...

Trouble in the pipeline if Russia cuts Europe off
January 16, 2015 1:00 am

Trouble in the pipeline if Russia cuts Europe off

The temperature is particularly cold in Europe at this time of the year. So Russian President Vladimir Putin has timed it perfectly to strike back.

France is wise in seeking an end to sanctions against Russia
January 9, 2015 1:00 am

France is wise in seeking an end to sanctions against Russia

France is a voice of reason amid deteriorating relations between the European Union and Russia.

Why bad news for the ruble could spell disaster for the dollar
December 19, 2014 1:00 am

Why bad news for the ruble could spell disaster for the dollar

Has the ruble fallen off a cliff and brought the Russian economy to its knees? Most mainstream analysts appear to think so, particularly after Russia's central bank was forced to hike its rate massively from 10.50 to 17.0 per cent to defend its...

Gold rush in Europe as concern over money printing rises
November 28, 2014 1:00 am

Gold rush in Europe as concern over money printing rises

Many European countries are now moving to repatriate their gold holdings from storage abroad. They are also looking to increase the proportion of gold in their international reserves to assure currency and financial stability.

The gold standard bandwagon is rolling - Thailand must climb aboard
November 21, 2014 1:00 am

The gold standard bandwagon is rolling - Thailand must climb aboard

The world is slowly, if almost unnoticeably, moving back to embrace the gold standard. Russia, China and India are leading the drive by accumulating gold reserves.

Obama loses his shine in Asia as Xi and Putin steal the limelight
November 14, 2014 1:00 am

Obama loses his shine in Asia as Xi and Putin steal the limelight

US President Barack Obama has lost impetus in his "pivot to Asia" policy. At home, his approval rating has fallen to a horrendous 40 per cent. The midterm elections saw his Democratic Party routed by the Republicans, who have taken control...

Quantitative easing, or how to blow up the economy
November 7, 2014 1:00 am

Quantitative easing, or how to blow up the economy

The dangers of handing the power to print money to central bankers should be obvious. In the present fiat currency regime, under which paper money is printed without any backing from hard assets such as gold, central bankers can easily get carried...

Swiss gold vote threatens foundations of global currency system
October 31, 2014 1:00 am

Swiss gold vote threatens foundations of global currency system

Next month Switzerland will vote in the so-called "Save our Swiss Gold" referendum.

What will the post-QE world look like?
October 24, 2014 1:00 am

What will the post-QE world look like?

This month brings an end to QE, or quantitative easing. This programme of "money printing" had the US Federal Reserve flooding the financial system with liquidity by buying up both mortgage-backed securities and US Treasuries.