Tag Archives: reserve

“Russia’s Gold Reserves Continue Setting Records Amid De-Dollarization Drive”

“Last week, acting Foreign Minister Sergei Lavrov confirmed that Russia’s economic policy includes the “gradual de-dollarization of the economy” amid what he said was an “increasingly aggressive use of financial sanctions by the US administration” and Washington’s “outright abuse” of … Continue reading

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“Russian gold reserves top $100 billion after adding another 600,000 ounces to its vast stockpile”

“Russia’s gold reserves rose to more than $100 billion thanks to rising gold prices and the country’s efforts to boost its bullion holdings. In June alone, Russia added more than 18 tons of the precious metal. June’s gold purchases brought … Continue reading

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“Venezuela wants to sell gold reserves to shore up economy devastated by US sanctions – reports”

“Venezuela has moved eight tons of gold from the central bank in an attempt to raise hard currency to help its cash-strapped economy hit by crippling US sanctions, according to government sources cited by Reuters. There have been unconfirmed reports … Continue reading

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“Trump blames Fed for holding back economic growth in 2018”

“President Donald Trump says the economy would have grown much faster last year if the Federal Reserve had not been tightening credit last year. In a broadcast interview, Trump said without the Fed’s rate hikes last year and moves to … Continue reading

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“US growth to slow ‘considerably’ in 2019: NY Fed”

“The US economy should slow “considerably” in 2019 as the boost from last year’s economic stimulus fades, the president of the New York Federal Reserve Bank said Wednesday. Amid economic uncertainty, the Federal Reserve could “wait” before raising interest rates … Continue reading

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Yet Another Robbery: “Feds Collect Record Taxes Through November; Still Run $305.4B Deficit”

“The federal government collected record total tax revenues of $458,653,000,000 in October and November, the first two months of fiscal 2019, according to the Monthly Treasury Statement released today. Even with these record tax collections, however, the government still ran … Continue reading

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Elite Internal Battle? “Goldman Sachs Is Downgraded By Bank Of America Over 1MDB Scandal”

“Goldman Sachs Group Inc. (GS)   was downgraded to “neutral” from “buy” by analysts at Bank of America Merrill Lynch, which cited the 1MDB scandal as the sole catalyst for the downgrade. 1MDB — 1 Malaysia Development Berhad — is a … Continue reading

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