Have we passed the peak in accumulation of official foreign exchange reserves? This has very important implications for the G7 debtor nations (US, UK, Germany, France, Japan, Italy, Canada) whose debt was long preferred.
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In almost his first act of foreign policy through the revolving door of 10 Downing Street, Prime Minister Rishi Sunak spoke with President Joe Biden and agreed 'to counter China's malign influence' as Downing Street phrased it. Maybe Rishi has forgotten...
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Read MoreOn 7 March 2022, after Western governments froze the official reserves of the Central Bank of the Russian Federation, Zoltan Poszar of Credit Suisse wrote that Bretton Woods III is now emerging. The new monetary order will be backed by Eastern...
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