Russia and Ukraine war has entered its second phase where violence and destruction become more prevalent with less possibility of negotiation between the conflicting parties. Russia claimed to have conquered a hotly disputed salt mining town, a rare win for the Kremlin after a string of losses in …
Read More »Saudi Arabia opens to settling trade in other currencies than the US dollar
Saudi Arabia opens to settling trade in other currencies than the US dollar Saudi Arabia is open to discussions about trade in currencies other than the US dollar, according to the kingdom’s finance minister Mohammed Al-Jadaan, informs Bloomberg. “There are no issues with discussing how we settle our …
Read More »Why Russia’s Trade Still Stagnating With African Countries
Russian Foreign Minister Sergey Lavrov said at his annual press conference held January 18 that Russia and Africa would hold a summit in July this year and a number of documents, including new instruments of trade and investment cooperation, were being prepared to readjust methods of interaction amid …
Read More »How a United States Federal Sovereign Wealth Fund Could Solve the United States Debt Problem
The single most pressing national security issue for the United States is its addiction to deficit spending and its overwhelming debt. The United States uses deficit spending to pay for the goods and services demanded by the American people and its deficit spending is out of control. As …
Read More »Asia, Eurasia and the European Crisis: Results of 2022
The military-political crisis in Europe has created demand for the most important quality of the vast majority of the countries of Asia and Eurasia — the comparative autonomy of their political systems, free from external interference and control to a much greater extent than what is typical, for …
Read More »Territorial Rise of China: It’s Impact on International Borders
The rise of China has had a significant impact on the international order and the way countries interact with one another. One of the main areas where this has been felt is in the realm of international borders. China has long had disputes with its neighbours over the …
Read More »The U.S. National Debt Limit: Economic Implications of an Expected Congressional Standoff
No one expected the speakership contest to stretch for 15 rounds before Republican Kevin McCarthy took reins of the House of Representatives. The Democratic supporters rejoiced at the GOP infighting that saw Mr. McCarthy plead his case with his own colleagues over four days of intense struggle to …
Read More »Upgrading Bretton Woods: A Case for “Currency Baskets”
In recent years, shortages and insecurities have increasingly afflicted the global economy as it was grappling with issues such as supply-side disruptions, energy shortages and food security concerns. In the field of international finance, the world’s central banks had their fair share of risks, with one of the …
Read More »Washington Gears Up to Take on China, Russia, and Iran at the Same Time
Calling President Biden a Cold War “warrior,” Chinese IR experts, by citing Pelosi’s visit to Taiwan last August and the recent US decision to impose new export controls aimed at crippling China’s ability to procure or manufacture advanced semiconductors are claiming that the US is preparing to wage a war …
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