focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Things are a lot worse than we are being told. Got plans for an extension passed but haven't been able to get a builder to price for the work they all say the materials have up to a 6 months waiting period and they can't price as they don't want to commit. All are putting me off until next year and several have folded up, I'm talking with builder number ten at the start of the week ahead but not hopeful. Bad times ahead it seems glad I'm hedging with gold.
Don't believe the hype. Taken from the Spectator :-
The answer from the Bank of Russia’s balance of payment data for January to April isn’t reassuring. It showed that the sanctions are emphatically not working, at least not in the way that they were intended. Russia’s current account surplus (roughly speaking: exports minus imports) jumped to an all-time high at $96 billion – almost four times the same period last year. The total balance of goods and services shows an even wider gap: $106 billion, treble that of last year.
The West is hurting more from the sanctions it seems.
Granted money printing has given us chronic Inflation but it's the sanctions that have given the West acute hyperinflation with poo double it's non sanctions price.
Inflation will remain whilst the poo is at the levels it's at and raising interest rates will scupper any remaining economy we have obviously inflation won't reverse until the sanctions against Russia are lifted. It's not rocket science.
Yet another rubbish link..
Russia and China are developing a new reserve currency with other BRICS countries, President Vladimir Putin said.
The basket currency would rival a US-dominated IMF alternative and let Russia widen its influence, an analyst said.
The dollar's dominance is already eroding as central banks diversify into the Chinese yuan and smaller currencies.