LewRockwell
Thereâs a lot of news flying around about the changes happening in global currency trading.
From âGas for Rublesâ to âWhat the Hell is Going on With the Yen?â there are a lot of questions and very few answers as to what it all means and whose on which side of the divide.
The Fed just hiked 50 basis points for the first time since 2000 and will be running off its balance sheet forcing the Treasury to stop issuing new debt at stupid rates. The European Union unveiled a sixth sanctions package against Russia which calls for a complete embargo of all Russian oil.
Further to this the EU is now aping what the Trump Administration tried to do to Iran in 2018, sanctioning all services, including insurance, to all shippers of oil from doing any business with Russia and sanctioned Russian banks.
