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03/10/2022
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By Ethan Huff
GLOBAL SHOCKWAVE: Russia announces plans to ban commodity exports following Western sanctions
Though he has not yet specified which goods will be restricted, Russian President Vladimir Putin has promised that some commodities and raw materials will soon be banned from export in response to Western sanctions against the Federation. In a decree issued Tuesday night, March 8, Putin gave the Russian cabinet two days to come up […]
08/19/2015
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By JD Heyes
World economy’s doomsday clock strikes minute to midnight as financial system collapses
Seven-odd years ago, when the banking crisis in the United States eviscerated global financial markets, central bankers stepped into the breach as last-resort lenders. Risky loans from the private sector were transferred onto the public-sector balance sheet, and unrestrained money printing (called “quantitative easing”) seemed to provide a short-term fix in helping the global economy […]
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