Today once more we start with the ever-important undercurrents, which are the actual significant drivers of the developments beyond the ongoing tactical vagaries of the battlefield…
China’s Economy Suddenly Goes Into Deflation…
China’s robust facade wavers as economic instability triggers protests, impacting Xi’s leadership, global partnerships, and energy demand…
Dollar Dumped? The UAE to Join India in BRICS Bloc After the Two Powerhouses Trade 1 Million Barrels of Oil for Rupees Instead of USD for the First Time–What This Means for the Greenback…
Last week it was announced that the United Arab Emirates would be joining India among the ranks of the BRICS bloc — a coalition that seeks to empower trade between the emerging economies of its member countries…
BRICS Expansion: UAE, Saudi Arabia, Iran, Argentina, Egypt, Ethiopia Among New Members…
BRICS, a group of emerging economies, has admitted six new countries, expanding its strength to 11…
Round Up: BRICS Summit 2023…
The 2023 BRICS summit is the 15th upcoming annual conference of the bloc, which is to be held in Johannesburg, South Africa, from August 22 to 24, 2023. The event will be attended by the heads of state or heads of government of the five member states: Brazil, Russia, India, China, and South Africa…
Putin: De-Dollarization Is Irreversible…
BRICS will become economically more powerful than the G7, the Russian president said in an address to the Johannesburg summit…
BRICS Summit 2023: The Quest for a New Multi-Polar World Order…
As uncertainty surrounds Putin’s attendance at the upcoming BRICS Summit, discussions of a new BRICS currency reflect their pursuit to challenge the dominance of the US dollar…
The Gold Standard Is Back: BRICS to Introduce Gold-Backed Reserve Currency…
“…it could be, first and foremost, a major challenge to the US dollar’s hegemony…”…
Rickards Drops Bombshell…
On Aug. 22, about 2½ months from today, the most significant development in international finance since 1971 will be unveiled. It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency…
De-Dollarization and Global Trade…
The current telling of the story of de-dollarization — the replacement of the U.S. dollar as the global economy’s primary reserve currency with a new BRIC (Brazil, Russia, India, China)-funded reserve currency — depicts the loss of the reserve currency as a catastrophe that will crush America…