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Economics

indonesia-is-following-brics-de-dollarization-lead,-says-central-bank-governor

Indonesia Is Following BRICS De-Dollarization Lead, Says Central Bank Governor

Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance. Indonesia’s De-Dollarization Efforts Bank of Indonesia Governor Perry Warjiyo said Friday that […]

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russia-to-increase-reliance-on-national-currencies-in-energy-trade,-vows-to-move-away-from-the-us-dollar

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar

Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept more currencies for these settlements. Russia Aims to Settle Energy

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar Read More »

syrian-official-says-us-imposes-sanctions-to-steal-nations’-assets-and-exert-control

Syrian Official Says US Imposes Sanctions to Steal Nations’ Assets and Exert Control

The Syrian foreign minister says the U.S. imposes sanctions on Syria and Russia to steal their assets and keep them under its hegemony. The U.S. is “the biggest beneficiary of wars and fueling global conflicts, with the aim of maintaining the dominance of the dollar in the global economy and trade,” said a Russian official.

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anti-russia-sanctions-will-trigger-global-economic-crisis,-russian-official-warns

Anti-Russia Sanctions Will Trigger Global Economic Crisis, Russian Official Warns

Russia has warned that existing and new anti-Russia sanctions imposed by the U.S. and other Western countries will lead to a global economic crisis. “Both the current sanctions that have been imposed against our country and the new additional steps that Brussels and Washington are probably thinking about now will hit the global economy hard,”

Anti-Russia Sanctions Will Trigger Global Economic Crisis, Russian Official Warns Read More »

china-warns-of-global-financial-instability-from-us-economic-policies

China Warns of Global Financial Instability From US Economic Policies

China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry of Foreign Affairs. China Cautions About U.S. Economic and Financial Policies Wang Wenbin, a

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economist-peter-schiff-warns-‘death-blow’-coming-for-us-dollar-—-usd-to-lose-reserve-currency-status

Economist Peter Schiff Warns ‘Death Blow’ Coming for US Dollar — USD to Lose Reserve Currency Status

Economist Peter Schiff has warned that a death blow is coming for the U.S. dollar and the USD will lose its global reserve currency status in this financial crisis. “People are still reluctant to call it a financial crisis, but that’s exactly what it is, except it’s bigger in scale and it’s going to be

Economist Peter Schiff Warns ‘Death Blow’ Coming for US Dollar — USD to Lose Reserve Currency Status Read More »

financial-analyst-charles-nenner-warns-about-the-end-of-the-us-dollar-and-its-consequences

Financial Analyst Charles Nenner Warns About the End of the US Dollar and Its Consequences

Charles Nenner, a financial analyst that served as head of market timing for Goldman Sachs for more than a decade, has warned about the end of dollar hegemony and its consequences for the U.S. According to Nenner, the BRICS bloc and the influence of Saudi Arabia will end the dollar as a reserve currency, and

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global-reserves-held-in-us-dollars-fell-to-less-than-50%-—-official-states-it-has-become-a-‘toxic’-currency

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. against the Bank of Russia have eroded trust in the dollar as

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency Read More »

white-house-economist-warns-china-wants-to-weaken-us-dollar’s-reserve-currency-status-—-senator-says-biggest-threat-comes-from-within

White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency

White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within Read More »

putin-and-saudi-crown-prince-discuss-potential-brics-saudi-arabia-collaboration

Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration

Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability,” the Kremlin press service details.

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