To think of a possible and simple explanation for the question, you have to first quickly read this article of the famous American economist, Paul Krugman: https://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.htmlhttps://finance.yahoo.com/news/remember-u-doesn-t-pay-204354371.html ….. “Most historical examples of debt crises took place in countries that borrowed in another country’s currency”… says Paul Krugman. What a diabolically ingenious way indeed to defendContinue reading “Why India transferred its Gold reserves kept in UK Central Bank vaults since 1991 back to its domestic vaults?”
Tag Archives: BRICS
“Chaos Theory” underlies American foreign policy right across the Arab World
I spent 25+ years working as an expatriate corporate manager in the Arabian Gulf countries from 1993 through 2020. In my line of work I travelled to many countries across the Middle East — UAE through Saudi Arabia, Kuwait, Egypt, Turkiye, Morocco … And I worked with many colleagues there who were Saudis, Bahrainis, KuwaitisContinue reading ““Chaos Theory” underlies American foreign policy right across the Arab World”