In a speech in 2016, Iran’s supreme leader Ali Khamenei stated that the term ‘Middle East’ was a result of Western colonialism and that the term ‘West Asia’ should be used instead. The decision of Iran and Saudi Arabia to normalize the relations is, from Khamenei’s perspective, a step that speeds up the Middle East’s becoming West Asia. The impact ...
By Rodolfo Pablo Treber * The collapse of Silvergate Capital (cryptocurrency bank) and Silicon Valley Bank, both North American banks, is just one more symptom of the loss of predominance of the United States Dollar in the global concert. It happens that the main reason for the bankruptcies was the volatility (price fluctuations), until now unusual, in the financial assets ...