Vitol Group, the world’s largest independent oil-trading firm, has been startled by the prospects of peak oil demand as it must diversify operations today to survive the decade. Vitol recently formed a new business venture called Vava Cars, aiming to…
Global de-dollarization resumed in the second quarter according to data recently released by the International Monetary Fund (IMF). While the dollar share of global reserves increased in the first quarter of 2020, it fell sharply in Q2, resuming a more than two-year trend downward….
Since launching its last major international expansion push in the late 1990s, Deutsche Bank has become knonw – particularly over the last ten years – for manipulating markets (most recently in the precious metals “spoofing” scandal in the US) and aiding…
As the world obsesses over Trump’s taxes or whether or not he is using oxygen during his covid hospitalization, the biggest overhaul in monetary and currency history is quietly taking place just behind the scenes. Just two weeks ago, Cleveland…
This is Part 1 of a 4-part series. fi·nan·cial·i·za·tion /fəˌnanCHələˈzāSHən, fīˌnanCHələˈzāSHən/ noun The process by which financial institutions, markets et cetera increase in size and influence. This definition is about as complex as one finds in the popular financial media,…
