By Michael Snyder, on January 19th, 2015 The absolutely stunning decision by the Swiss National Bank to decouple from the euro has triggered billions of dollars worth of losses all over the globe. Citigroup and Deutsche Bank both say that their losses were somewhere in the neighborhood of 150 … [Read more...] about Swiss Shocker Triggers Gigantic Losses For Banks, Hedge Funds And Currency Traders
“De-Dollarization” Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries
Submitted by Tyler Durden on 01/18/2015 21:40 -0500 The rumors of Russia selling its gold reserves, it is now clear, were greatly exaggerated as not only did Putin not sell, Russian gold reserves rose by their largest amount in six months in December to just over $46 billion (near the highest since … [Read more...] about “De-Dollarization” Deepens: Russia Buys Most Gold In Six Months, Continues Selling US Treasuries
Russia-China trading settlements in yuan increases 800%
November 21, 2014 - RT Question More Settlements in yuan between China and Russia have increased ninefold in annual terms between January and September 2014, says the Chinese Ministry of Economic Development. "The settlement in national currencies between China and Russia in bilateral trade … [Read more...] about Russia-China trading settlements in yuan increases 800%