The BRICS expansion is a major catalyst for the ultimate demise of the U.S. dollar, with the additional five new members accelerating the de-dollarization process as they increase trade in local currencies and buy and sell oil not using the dollar, thereby further destabilizing the petrodollar, warned Andy Schectman. On top of the shifting mindset […]
“Collectively, the expanded BRICS network via these trade organization connections now eclipses 90 countries.” US policymakers should be concerned about a BRICS-led dedollarization, Thomas Hill wrote for the Atlantic Council. New members can provide BRICS with new trade affiliations to promote dedollarization. The recent expansion of BRICS should be a key cause of concern for
Key Points: U.S.-led West will soon witness the end of the dollar’s preeminent position in international trade and all of fiat will follow, writes Patrick Barron on behalf of The Mises Institute. Barron says the recent BRICS summit in Johannesburg, South Africa, included “an agreement on a first step toward establishing an alternative international trade
BRICS Will Break the Dollar and Usher a Return To Gold – Mises Institute Read More »
The BRICS formal invitation of Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates, and Saudi Arabia to join the bloc moves the world a step closer to a “very dangerous phase” for the U.S. and the next major conflict, according to Willem Middelkoop, … “They are building a very powerful anti-western alliance, and it’s more
Signs of de-dollarization are unfolding in the global economy, strategists at the biggest U.S. bank JPMorgan said… The strains of steep U.S. interest rate rises and sanctions that have frozen Russia out of the global banking system have seen a fresh push by the “BRICS” nations, Brazil, Russia, India, China, and South Africa, to challenge
JPMorgan Flags Some Signs of Emerging De-Dollarization Read More »
Robert Kiyosaki also warned China is ‘coming after’ the US in a currency war. Robert Kiyosaki predicts the Bank of Japan is next to collapse. The derivatives market in the world today, financed by the Bank of Japan, is a quadrillion [dollars].” That’s 1000 trillion! Federal Reserve Chair] Powell has raised interest rates faster than
Financial World Legend Sounds Alarm Over ‘Biggest Bank That’s Going Down’ Read More »
