Thursday, April 27, 2023

Argentina Shuns U.S. Dollar: Will Pay for China Imports in Yuan

"Argentina struck a deal with Beijing on Wednesday to stop using U.S. dollars to pay for
Chinese imports and embrace the yuan instead.
The measure, driven by Argentina’s leftist President Alberto Fernández, is designed to relieve the South American country’s dwindling dollar reserves........The deal further enhances China’s rise on the world stage and the diminished role of the U.S. on a host of fronts under President Joe Biden." Breitbart

Powell Makes Unexpected Admissions During Prank Call With Fake Zelensky

"Fed Chairman Jerome Powell made several bizarre, if not shocking, admissions during a
prank call with two
Russians posing as Ukrainian President Volodomyr Zelensky, where they discussed topics ranging from inflation, to the Russian central bank, to joking about having a 'printing press' in the basement and possibly setting up a federal reserve bank in Kiev. "The market is already pricing in two more quarter percentage point rate hikes. We'll look around after we make those two and we'll say should we do any more, and then the question will be how long do we keep rates at this level - and I think we'll keep them there for quite some time," said Powell.....Powell also said that the US economy will grow 'at a subdued level,' and that a recession is "almost as likely as very slow growth," and that it was because the Fed 'raised rates quite a bit,' which he defended as necessary to tame inflation." ZeroHedge

Rebranded KFC Opens in Russia Following Chicken Chain’s Departure Over Ukraine

"Rostic’s —the rebranded version of KFC reopened at its first location in central Moscow on Tuesday after the U.S. fast-food chain exited Russia’s market over the war in Ukraine." MT

Zelensky’s top adviser blames US for Ukraine conflict

“The House of Representatives’ resolution is unequivocal: The
United States, unfortunately,
along with other Western countries, encouraged
Ukraine to give up nuclear and other weapons to ensure security and stability in the region under safeguards. This was a wrong policy that was misinterpreted by the aggressor and led to a major war in Europe,” Podoliak tweeted." RT