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…
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…
The Big Stiff: Russia-Iran Dump the Dollar and Bust U.S. Sanctions…
News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization…
Ellen Brown: The Coming Global Financial Revolution: Russia Is Following the American Playbook…
Foreign critics have long chafed at the “exorbitant privilege” of the U.S. dollar as global reserve currency. The U.S. can issue this currency backed by nothing but the “full faith and credit of the United States.” Foreign governments, needing dollars, not only accept them in trade but buy U.S. securities with them, effectively funding the U.S. government and its foreign wars. But no government has been powerful enough to break that arrangement – until now. How did that happen and what will it mean for the U.S. and global economies?…
A Once in a Century Opportunity…
“The era of liberal globalization is over. Before our eyes, a new world economic order is being formed”…