De-Dollarisation continues....
GHANA PLANS TO BUY OIL WITH GOLD INSTEAD OF U.S. DOLLARS
#Ghana's government is working on a new policy to buy #oil products with #gold rather than #US #Dollar reserves, Vice-President Mahamudu #Bawumia said on Facebook on Thursday.
The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local currency and increasing living costs.
Using gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products, Bawumia explained.
"The barter of gold for oil represents a major structural change," he added.
GHANA PLANS TO BUY OIL WITH GOLD INSTEAD OF U.S. DOLLARS
ACCRA, Nov 24 #Ghana's government is working on a new policy to buy #oil products with #gold rather than #US #Dollar reserves, Vice-President Mahamudu #Bawumia said on Facebook on Thursday.
The move is meant to tackle dwindling foreign currency reserves coupled with demand for dollars by oil importers, which is weakening the local currency and increasing living costs.
Using gold would prevent the exchange rate from directly impacting fuel or utility prices as domestic sellers would no longer need foreign exchange to import oil products, Bawumia explained.
"The barter of gold for oil represents a major structural change," he added.
π4
Forwarded from Putinger's Cat / ΠΠΎΡ ΠΡΡΠΈΠ½Π³Π΅ΡΠ°
This media is not supported in your browser
VIEW IN TELEGRAM
The son of a minister of Kazakhstan married an Azerbaijani oligarch. Happy parents lead the bride down the aisle.
Now you can't unsee it too.
Now you can't unsee it too.
π3π3
#Russia and #Iran have agreed to transit 12 Million Tonnes of goods via #Tehran to #India along the International North-South Transport Corridor (#INSTC)
This announcement comes after Indian Minister of External Affairs #Jaishankar's recent visit to Moscow.
Previously, only 3000 Tonnes were shipped via the route.
The INSTC route allows the movement of goods between India and Russia to be completed in around 25 days.
This is a saving of 15 days compared to the 40 days that is the norm on the Suez Canal route.
India and Russia also plan to connect the northern #Arctic route to INSTC in the future.
India and Russia have invested heavily to boost infrastructure at the #Chabahar Port in Iran.
The two sides have also signed MoU for unlimited voyages.
India is currently negotiating a Free Trade Agreement with Eurasian Economic Union, which includes Russia, #Armenia, #Belarus, #Kazakhstan, and #Kyrgyzstan.
And likely none of this trade will be transacted in #US #Dollars
This announcement comes after Indian Minister of External Affairs #Jaishankar's recent visit to Moscow.
Previously, only 3000 Tonnes were shipped via the route.
The INSTC route allows the movement of goods between India and Russia to be completed in around 25 days.
This is a saving of 15 days compared to the 40 days that is the norm on the Suez Canal route.
India and Russia also plan to connect the northern #Arctic route to INSTC in the future.
India and Russia have invested heavily to boost infrastructure at the #Chabahar Port in Iran.
The two sides have also signed MoU for unlimited voyages.
India is currently negotiating a Free Trade Agreement with Eurasian Economic Union, which includes Russia, #Armenia, #Belarus, #Kazakhstan, and #Kyrgyzstan.
And likely none of this trade will be transacted in #US #Dollars
π3
At the #NYT Dealbook Summit conference yesterday, #FTX CryptoFraudster #SamBankmanFried in a live Q&A session with Andrew Sorkin of the #NewYorkTimes said he had:
β’ βmade a lot of mistakesβ and
β’ βdidnβt ever try to commit fraud on anyone.β
Sorkin: "What are your lawyers telling you right now? Are they suggesting this is a good idea for you to be speaking?"
#SBF: "No. They are very much not!"
β’ βmade a lot of mistakesβ and
β’ βdidnβt ever try to commit fraud on anyone.β
Sorkin: "What are your lawyers telling you right now? Are they suggesting this is a good idea for you to be speaking?"
#SBF: "No. They are very much not!"
π1π1
This media is not supported in your browser
VIEW IN TELEGRAM
#German politician Sara #Wagekencht, from the extreme-left Die Linke party, continues to be the only German politician who is prepared to speak any #truth whatsoever. π€·ββ
π12
There seems to be a #Russia-#Thailand "#Autoparts for #fertilizer" trade/#barter deal in the pipeline....
THAILAND EXPORTS CAR PARTS TO RUSSIA, EXPECTS TRADE GROWTH
According to the Thai ambassador to Moscow, Sasiwat Wongsinsawat, Thailand hopes to boost its trade volumes with Russia in 2023 through new areas of collaboration like the export of spare auto components like #oilfilters, #airfilters, #rubberparts etc.
THAILAND EXPORTS CAR PARTS TO RUSSIA, EXPECTS TRADE GROWTH
According to the Thai ambassador to Moscow, Sasiwat Wongsinsawat, Thailand hopes to boost its trade volumes with Russia in 2023 through new areas of collaboration like the export of spare auto components like #oilfilters, #airfilters, #rubberparts etc.
Chiang Rai Times - CTN News
Thailand Exports Car Parts To Russia, Expects Trade Growth
(CTN NEWS) - MOSCOW - According to the Thai ambassador to Moscow, Sasiwat Wongsinsawat, Thailand hopes to boost its trade volumes with Russia in 2023 through
π7
#Texas was the first #US state to ban #BlackRock from doing business with the state.
#Florida has now followed suit.
Texas Governor Greg Abbott signed a law in 2021 to ban financial companies, including BlackRock and several other financial companies, that have #ESG policies that discriminate against the #oil & #gas sector.
FLORIDA PULLS $2 BLN FROM BLACKROCK IN LARGEST ANTI-ESG DIVESTMENT PUSHBACK
#Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc.
The move is the biggest such divestment by a US state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.
The move will hardly dent BlackRock's $8 trillion in assets but drew a strong response from the company, which said the action put politics over investor interests.
#Florida has now followed suit.
Texas Governor Greg Abbott signed a law in 2021 to ban financial companies, including BlackRock and several other financial companies, that have #ESG policies that discriminate against the #oil & #gas sector.
FLORIDA PULLS $2 BLN FROM BLACKROCK IN LARGEST ANTI-ESG DIVESTMENT PUSHBACK
#Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc.
The move is the biggest such divestment by a US state opposed to the asset manager's environmental, social and corporate governance (ESG) policies.
The move will hardly dent BlackRock's $8 trillion in assets but drew a strong response from the company, which said the action put politics over investor interests.
Reuters
Florida pulls $2 bln from BlackRock in largest anti-ESG divestment
Florida's chief financial officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc , the biggest such divestment by a state opposed to the asset manager's environmental, social and corporate governance (ESG)β¦
π6
The refrain across #Europe is that:
"This recession will be shallow."
However that certainly isn't the message visible in global manufacturing #PMIs (Purchasing Managers Index)
Forward-looking order-inventories are at 2008 levels in:
"This recession will be shallow."
However that certainly isn't the message visible in global manufacturing #PMIs (Purchasing Managers Index)
Forward-looking order-inventories are at 2008 levels in:
β’Austria (top left),
β’Poland (top right),
β’Czech (bottom left) and
β’UK (bottom right).#Raytheon's CEO says that the #US is working with Middle Eastern countries to move a handful of #NASAMS (National Advanced Surface-to-Air Missile System) to #Ukraine.
The US plans to then backfill those systems with new #NASAMS in the #MiddleEast over the next 24 months.
US LOOKS TO SHIFT AIR DEFENSE SYSTEMS FROM MIDDLE EAST TO UKRAINE, RAYTHEON CHIEF SAYS
The Biden administration would have to approve the arrangement to transfer the air defense systems to Ukraine.
The US plans to then backfill those systems with new #NASAMS in the #MiddleEast over the next 24 months.
US LOOKS TO SHIFT AIR DEFENSE SYSTEMS FROM MIDDLE EAST TO UKRAINE, RAYTHEON CHIEF SAYS
The Biden administration would have to approve the arrangement to transfer the air defense systems to Ukraine.
POLITICO
U.S. looks to shift air defense systems from Middle East to Ukraine, Raytheon chief says
The Biden administration would have to approve the arrangement to transfer the air defense systems to Ukraine.
π1
#Ukraine begs for S300 air defence missile systems from #Bulgaria and #Greece
UKRAINE NEGOTIATING TO RECEIVE S-300 MISSILES FROM OTHER COUNTRIES
#Ukrainian Minister of Defence Alexsi #Reznikov said:
"S-300 missiles are functioning very effectively.
The point is that they were not produced in Ukraine, meaning that we have no means of producing S-300 missiles, so we are trying to source from 3rd-country existing stocks."
UKRAINE NEGOTIATING TO RECEIVE S-300 MISSILES FROM OTHER COUNTRIES
#Ukrainian Minister of Defence Alexsi #Reznikov said:
"S-300 missiles are functioning very effectively.
The point is that they were not produced in Ukraine, meaning that we have no means of producing S-300 missiles, so we are trying to source from 3rd-country existing stocks."
Ukrainska Pravda
Ukraine negotiating to receive S-300 missiles from other countries
Ukraine is negotiating the possibility of receiving S-300 missiles from countries who have them in their arsenals.
π2
Forwarded from Geopolitics & Empire
This is 20 year-old news for me, but a good primer for people who don't know much about NED:
"The NED, the heir of the CIA's covert Cold War programs, is continuing to build up its networks abroad and interfere in the sovereign affairs of world players to maintain Washington's dominance. Still, this is only the tip of the iceberg of the US' broader power structure, comprising its global spying and cyber apparatus busted by ex-NSA contractor Edward Snowden and WikiLeaks, CIA black sites, Pentagon military bases spread around the world, hundreds of secret overseas biolabs, and many other facilities which have yet to be scrutinized by the international community." https://sputniknews.com/20221125/us-ned-global-meddler-and-rightful-heir-of-cia-1104671859.html
"The NED, the heir of the CIA's covert Cold War programs, is continuing to build up its networks abroad and interfere in the sovereign affairs of world players to maintain Washington's dominance. Still, this is only the tip of the iceberg of the US' broader power structure, comprising its global spying and cyber apparatus busted by ex-NSA contractor Edward Snowden and WikiLeaks, CIA black sites, Pentagon military bases spread around the world, hundreds of secret overseas biolabs, and many other facilities which have yet to be scrutinized by the international community." https://sputniknews.com/20221125/us-ned-global-meddler-and-rightful-heir-of-cia-1104671859.html
Sputnik International
Global Meddler and Rightful Heir of CIA: All You Need to Know About National Endowment for Democracy
Last week, Sputnik obtained documents indicating that the National Endowment for Democracy (NED), a US foundation, had interfered in the latest Malaysian elections. What is the NED, and why has it been repeatedly accused of fomenting coups...
π1
Due mainly to inflation brought on by #German and #EU corruption, ineptitude and subservience to #US/#NATO anti-#Russian political and economic goals, German workers are now experiencing the longest and most persistent decline in real #wages since the beginning of the time series of the federal statistical office in 2008.
π1