Yuan Crashes After Trump Weighs Blocking Retirement Fund Access To Chinese Stocks As War Of Words Escalates

Having tumbled yesterday on the first set of headlines reporting on the Trump administration's plans to seek 'COVID reparations' amid accusations of Chinese 'meddling' in the US election (obviously not in favor of Trump), the Chinese yuan legged dramatically lower in this evening's illiquid session which sees most of Asia...

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Russia’s domestic import substitution program is showing impressive results

Amidst global economic slowdown, Russia’s industrial production shows stellar growth. After sanctions and rejection of Western imports, Russia’s domestic import substitution program is showing impressive results. Industrial production up 2.6% year-on-year for the first half year. And accelerating, up 3.3% in June from...

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Absurd to stop human progress: Putin slams calls to prioritize ecopolitics over technology

Russian President Vladimir Putin slammed appeals to abandon technological progress for the sake of prioritizing green politics. "A profound and meaningful discussion" is needed to hash over the problems of combining long-term development and environmental welfare, and a high standard of living, the president told the...

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Ceasefire: US, China Trade Talks "Back On Track" After Trump Folds On Huawei

The "worst case" trade war scenario was avoided in Osaka on Saturday when Trump agreed to restart trade talks with Xi, holding off new tariffs on Chinese exports, and signaling a pause in the trade hostilities between the world’s two largest economies; Trump added that while existing tariffs would remain in place the US president...

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Putin says liberalism is finished

By Jon Hellevig Putin tells liberalism is finished. In an interview with the Financial Times, Putin told that “the liberal idea” had “outlived its purpose” and said that nationalism is growing instead as the public has turned against immigration, open borders and multiculturalism. “This liberal idea presupposes...

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Kazakhstan ends bank bailouts, writes off people's debts instead

Jon Hellevig: "Instead of bailing out banks and oligarchs, Kazakhstan will write off loans of the poor. This has been announced by new Kazakh president Kassym-Jomart Tokayev. There’s an unexpected corner of the world from where sound and fair financial policies emanate! Doing this President Tokayev is actually reviving...

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CIA instructs its puppet regime in Georgia to makes provocations against Russia

By Jon Hellevig The CIA has called on its puppet regime in Georgia to make a serious provocation against Russia, with staged demonstrations and threats against Russians. An American woman who serves as the US puppet president of that country declared that "Russians are our enemies and occupiers." Protesters held up...

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Is Russia's economy stronger than they say it is?

  Jon Hellevig writes: I don't know why Russia does this. They reported Q1 GDP growth of 0.5%. But they said the GDP deflator was 8.5%. GDP deflator is the factor by which you diminish the nominal GDP growth. The idea is that it would show the "real growth" of output instead of price inflation. In this methodological...

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"Putinomics" - review by Jon Hellevig

I just finished reading a book called Putinomics by Chris Miller. He had earlier written a book on Gorbachev's failed perestroika, except he did not call it failed, rather it was an apology of that failure. Nevertheless there was a lot of interesting facts (which facts the author tried to tweak to fit his agenda). All...

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Russian economy under Putin: Quality of life tripled, foreign debt fell 75%

Vladimir Putin was first elected as Russian President in 2000. Here’s how the Russian economy has transformed in the intervening years by numbers. Quality of life Before Putin’s election, Russia had a $9,889 GDP per capita by Purchasing Power Parity (PPP). The figure had almost tripled by 2017, and has now reached $27,900. Russia...

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The Yuan Brings About Pakistan’s Second Declaration of Independence

The Yuan Brings About Pakistan’s Second Declaration of Independence By Adam Garrie With Pakistan refusing to bend or break under US pressure, even as Washington is set to cut hundreds of millions in “aid” to Pakistan, many Pakistanis are asking themselves, “why didn’t we do this sooner”? The answer is—in a word: CHINA. When...

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