... commodities driven economy, it highly depends on the prices of gas and oil products[4]. The Russian economy has yet to diversify, which makes it vulnerable if there is another global economic downturn.
Russia has been expressing its dissatisfaction with the US dollar and the US dominated global financial system, and it’s easy to see why. Its economy, like India’s and China’s experienced a downturn due to the risk taking actions of banks based in the United States[5]. Of course, the slump ...
With the souring of relations between the United States and Russia, Russia has expressed its desire to become less dependent on the US dollar. This is an understandable concern, given the political tension between the two countries, coupled with the threat of tougher US Sanctions on the Russian economy[1]. Simply put, the Russian government knows that it is at a disadvantage. The ...
Currency Wars follows the actions of governments and central banks to manipulate their currencies and currency denominated securities ... ... day the focus will be on China and the United States, as China has expressed concerns about the safety and reliability of the US dollar. America has dominated the global financial system ever since July of 1944. During this period, the financial leaders ...
