If you’re an enterprising nine year old looking to top up your pocket money, get yourself a bar of bullion. Gold is up to $4000 an ounce for the first time ever – while the dollar is down ten per cent on the year. The biggest drop since, well, since the gold window closed in 1971. Dedollarisation will always mean something-else-isation — this week’s rally seems to be the latest shake out.
Between 2021 and 2027 the EU budget for NGOs was around €1.5bn. The new EU budget proposal is advocating increasing that 600%. While America now thinks that USAID is outdated political technology, the EU is trying to buy the dip.
Finally, we’ll have an update on three countries teetering on the brink: France, The Philippines and Georgia. Could the third world quasi-dictatorial basket case on that list actually topple over? And what about the Philippines?
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