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Russia’s foreign currency reserves fall to lowest levels since 2008 amid mounting deficits

Russia’s foreign #currency #reserves, built over a decade from surplus revenues in the raw materials sector, are nearing exhaustion

To address its #budget shortfall, Russia has also begun selling off #gold reserves from the #NWF

kyivindependent.com/russias-fo

The Kyiv Independent · Russia’s foreign currency reserves fall to lowest levels since 2008 amid mounting deficitsBy Tim Zadorozhnyy

Ukraine Daily summary - Saturday, November 30 2024

Zelensky suggests ending 'hot phase' of war in exchange for NATO membership without occupied territories -- Ukraine hits oil depot in Rostov Oblast, destroys Buk radar station in Russian-occupied territory -- Russia reportedly loses a record 2,030 troops in one day in Ukraine -- Turkey won't support peace plan with territorial concessions -- and more

writeworks.uk/~/UkraineDaily/U

writeworks.ukUkraine Daily summary - Saturday, November 30 2024Zelensky suggests ending 'hot phase' of war in exchange for NATO membership without occupied territories -- Ukraine hits oil depot in Rostov Oblast, destroys Buk radar station in Russian-occupied territory -- Russia reportedly loses a record 2,030 troops in one day in Ukraine -- Turkey won't support peace plan with territorial concessions -- and more

There is no #diamond mines in #Israel, but Israel largest export is diamond. Israel exploit #Congo and steals it’s #diamonds via an #Israeli billionaire known as Dan #Gertler.

#France has no gold mines, but billions in #gold reserves. France’s gold #reserves are managed by the Banque de France, which holds approximately 2,436 tons of gold, making it the fourth-largest holder of gold reserves globally.

The country exploited gold resources in its colonies, #Niger, #Mali, #BurkinaFaso.

Ukraine Daily Summary - Tuesday, October 1 2024

Russia intensifies attacks on recaptured Vovchansk plant following its standard practice of destroying what it can't capture -- Belarusian military starts checking combat capability of Air Force, Air Defense -- Recurring failures to launch Satan ICBM throw shadow on Putin's nuclear saber-rattling -- Is Russia’s new nuclear doctrine a game of bluff or a shift in strategy? -- and more

writeworks.uk/~/UkraineDaily/U

writeworks.ukUkraine Daily Summary - Tuesday, October 1 2024Russia intensifies attacks on recaptured Vovchansk plant following its standard practice of destroying what it can't capture -- Belarusian military starts checking combat capability of Air Force, Air Defense -- Recurring failures to launch Satan ICBM throw shadow on Putin's nuclear saber-rattling -- Is Russia’s new nuclear doctrine a game of bluff or a shift in strategy? -- and more
Continued thread

"A national government is well placed to ensure acceptance of its own money. […]
"The key to ensuring acceptance of a national currency is in the state’s power to tax. By specifying that taxes and other obligations to the state must be settled in government money, the government creates a need for individuals and businesses to obtain the currency."

Peter Cooper (2015): heteconomist.com/money-interpr

heteconomist.com Money Interpreted as an IOU | heteconomist

How ancient healing hot springs could fuel a clean energy future

One hot spring town shows how Japan could turn its underground cauldron of heat into clean energy
— without risking its centuries-old tradition of public bath

Tsuchiyu Onsen is a test case for how Japan could tap into an abundant source of clean power while preserving the country’s cultural identity.

Japan has the world’s third-biggest #geothermal #energy #reserves,
but it depends on imported fossil fuels for most of its electricity.

Experts say geothermal could provide about 10 percent of the country’s power,
if Japan took advantage of it.

The government plans to triple geothermal energy output this decade, from 0.3 percent of electricity production to 1 percent.

But one of the biggest barriers has been opposition from Japan’s hot spring industry.

Most of Japan’s geothermal energy reserves lie near one of the country’s more than 3,000 #hot #springs, called #onsens,
that play an important role in Japanese culture and tourism.

The owners of inns and bathhouses worry that geothermal development could damage their source of spring water, devastating their businesses.

washingtonpost.com/climate-sol

The Washington Post · How ancient healing hot springs could fuel a clean energy futureBy Nicolás Rivero