While the Russian authorities boast that they were able to replace the “toxic” #dollar and #euro by transferring a significant part of transactions to the #yuan, the Central Bank is sounding the alarm. For normal operation, companies must be able to attract financing in yuan, but Russian banks are in short supply. #China does not provide them, so you can only rely on the Central Bank and the savings of Russian companies and citizens.
The superbly located Castle Campbell, built on a spur between the chasm of the Burn of Care on one side and that of the Burn of Sorrow on the other, and overlooked by the Ochil Hills near Dollar in Clackmannanshire. More pics and info: https://www.undiscoveredscotland.co.uk/dollar/castlecampbell/index.html
Les #Libyens sont confrontés à une crise #économique étouffante, après la hausse du prix du #dollar par rapport au #dinar#libyen, alors que les prix ont augmenté à un rythme record, réduisant le pouvoir d'achat de la classe ouvrière.
“Even if evidence indicated #theFed capable of such precision (evidence does not), Joseph C. Sternberg’s question in the WSJ is apposite: ‘Who elected these folks to aim for a 50% loss in purchasing power of a #dollar every 35yrs?’
“In a recent rpt, the Manhattan Inst’s Dan Katz & Stephen Miran argue that ‘the Fed’s current governance has facilitated #groupthink that has led to significant #monetary#policy errors