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FX.co ★ How it was: the turning points of 2017

How it was: the turning points of 2017

In the outgoing year, important events were constantly replacing each other. Some of them turned out to be a turning point and became a complete surprise for each of us, in many ways defining the political and economic landscape for the next few years. This "snowball" leads to unprecedented instability in 2018, until finally it plays its role in the financial collapse and international confrontation. The details are in our photo gallery

How it was: the turning points of 2017

The coup in Saudi Arabia

A coup in Saudi Arabia, as a result of which all power was consolidated in the hands of Prince Mohammad bin Salman, made the whole world suspicious: great changes are coming, the first alarming signal of which was the Prince's adoption of a new economic plan to strengthen the currency system of Saudi Arabia. The policy of the Saudi autocrat is supported by the extensive support of corporations interested in the US dollar's losing the status of the world reserve currency. Further, the scenario of the Prince's outbreak of a large-scale war in the Middle East is quite possible. The crisis in Saudi Arabia, like in Syria, will change the face of the region forever.

How it was: the turning points of 2017

The pullout of Russian forces from Syria

Syria became a platform for the struggle of Saudi Arabia and allied Sunni countries with Iran long time ago. The pullout of a significant part of the Russian forces from Syria at the end of 2017 put the country in an extremely difficult position: the participation of Saudi Arabia and Turkey in a ground operation in Syria became possible (naturally, under the overall command of the United States). Saudi Arabia, in turn, will draw into conflict its newly-made ally - Israel.

How it was: the turning points of 2017

Launch of the North Korean ICBM

The degree of tension in the relations between the United States and North Korea in 2018 will only increase due to the recent launch of the intercontinental ballistic missile (ICBM) by Pyohgyang. The main deterrent in this conflict is an understanding that the threat posed by the missile technology of North Korea to the mainland United States is minimal, which is not the case for American nuclear capability.

How it was: the turning points of 2017

The position of neutrality on the part of the PRC

China announced its official position in the case of the transition of relations between North Korea and the United States into a direct showdown stage. Beijing will deter the aggression of the United States by all means, but if North Korea attacks first, it will preserve the neutrality. This means that there will be no political means of deterrence. Undoubtedly, this time bomb will someday work. The conflict in the region is close.

How it was: the turning points of 2017

Reducing the balance of the US Federal Reserve

The growth of interest rates, which has begun this year, will continue next year. Measures to tighten the policy of the US Federal Reserve, that did not contribute to the prolonged "bullish" stock market before and did not support US bonds, moved to the final stage of implementation. Although the results of such a policy of the main financial regulator appear slowly, it will completely knock the sand from under the stock markets. Donald Trump's tax reform will not save the situation.

How it was: the turning points of 2017

Cryptocurrency rate increase

Over the past 2-3 months, the cryptocurrency market has experienced a real boom.

The illusory views that cryptocurrencies pose risk to international banks are becoming a thing of the past. The globalists are striving to create a non-cash area in which there would be no place for anonymity. Cryptocurrencies are an instrument of complete centralization and responsible for the downfall of the real decentralized and private economy. If we do not stop it, economic independence, localization, and individual production will be crushed under the weight of the cryptocurrencies.

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