S.African Currency: Rand weakens to multi-year low after Powell testimony
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Video & Audio: Loving Life: Jans personal discussions with President PW Botha
In 2006 as a result of my book, Government by Deception and my website AfricanCrisis, I made contact with former President PW Botha. He was very nice to me and he began phoning me. I published articles of things he told me about. He was so impressed with my accuracy when I wrote on my website what he told me, that he later invited me to stay at his house for 5 days. In this interview, I discuss some of the things that PW Botha and I discussed, and what he told me.
The rand dropped sharply overnight and hit its lowest level in almost three years early on Wednesday, after hawkish comments from US Federal Reserve Chair Jerome Powell and South African data showed a sharp economic contraction.
At 08:43, the rand traded at R18.50 to the dollar, the lowest it has been since May 2020 in the first months of the Covid-19 pandemic.
The biggest driver was a warning from Powell the previous day that US interest rates might need to go up even faster and higher than expected to rein in inflation, said ETM Analytics in a research note.
His comments pushed the dollar to multi-month highs against most other major currencies on Wednesday.
The rand’s slide was compounded by gross domestic product (GDP) figures released on Tuesday that showed South Africa’s economy contracted more than expected in the fourth quarter of last year.
If it contracts again in the current quarter, South Africa will be in a recession.
“A strong ZAR view relied heavily on the USD losing ground, but the chances of that happening in the near term have evaporated,” ETM said.
The government’s benchmark 2030 bond was slightly weaker in early deals, with the yield up 2 basis points to 10.190%.
Source: https://www.moneyweb.co.za/news/markets/rand-weakens-to-multi-year-low-after-powell-testimony/
Video & Audio: TOP SECRET: WW2s Biggest Tank Battle they never talk about
This was one of my 3 viral videos on Youtube before they quickly killed it. The original video was made in 2016. Look in every history reference book for the biggest Tank Battle that was ever fought and youll find they talk about the Battle of Kursk (or the Kursk Campaign). Heres the greatest tank battle in all of history and the fantastic Wehrmacht won it with ease, even when they faced tanks so new and so advanced that they had never seen these types of tanks before and even when their shells just bounced off the Soviet armour!
