The upcoming session of the Council of the SCO Leaders in July will include discussions on boosting the usage of national currencies in trade between member nations. This topic was previously addressed, and a plan was established during the organization’s summit in Samarkand in September 2022. The SCO is currently one of the most extensive […]
Posts Tagged ‘dollar’
BRICS bloc is adding members, planning new currency to challenge US dollar
The BRICS bloc of Brazil, Russia, India, China, and South Africa is expanding, as its members grow in economic and political influence. Together, the five BRICS members represent more than 40% of the global population, and their share of the world economy (when measured in purchasing power parity) is larger than that of the G7. […]
The Bitcoin Dollar & Crypto-Colonialism with Mark Goodwin
Whitney is joined by Bitcoin Magazine’s Mark Goodwin to discuss how bitcoin is being used by some to dollarize the world and entrench the very same financial power structures, particularly in the developing world, that bitcoin was ostensibly created to challenge. Also discussed are suspect stablecoins and the roles of some in crypto in building […]
The Flight From the US Dollar
The Flight From the US Dollar May 13, 2023 On March 20, Chinese President Xi Jinping met with Russian President Vladimir Putin in Moscow. In his article in the Russian media preceding the meeting, Xi enthused that “China-Russia trade exceeded 190 billion U.S. dollars last year, up by 116 percent from ten years ago.” Though it has reached 190 billion US […]
Russian and Iranian officials discuss ways to WEAKEN THE DOLLAR
(NaturalNews) (Natural News) Russian and Iranian officials recently met in Tehran to discuss ways in which both nations can weaken the American dollar.The Jerusalem Post broke the story about the meeting, which took place on April 9 between Iranian Secretary of the Supreme National Security Council Ali Shamkhani and Russian Aide to the President and […]
Analysis: Biden’s Migrants to Enjoy Multi-Billion-Dollar Welfare Payday
More than a million migrants, whom President Joe Biden’s administration has released into the United States through a parole pipeline, could enjoy a multi-billion-dollar welfare payday a few years from now, new analysis suggests. Source Views: 0
India-Malaysia to Trade in Rupees Bypassing US Dollar
India-Malaysia to Trade in Rupees Bypassing US Dollar By Timothy Alexander Guzman Global Research, April 07, 2023 There is a worldwide movement to stop using what is considered a toxic currency, the US dollar. The concept of de-dollarization is accelerating, now India, the “I” in the BRICS Coalition has also made significant moves to bypass […]
Carney on ‘Fox and Friends’: China’s Yuan Is an ‘Inevitable,’ ‘Serious Threat’ to the Dollar Being World’s Currency
Breitbart News economics editor John Carney said in an interview on Sunday morning’s Fox and Friends that the Chinese yuan is an “inevitable” and “serious threat” to the U.S. dollar being the world’s currency. Source Views: 0
The Dollar Is In Trouble! Here Are 7 Signs That Global De-Dollarization Has Just Shifted Into Overdrive
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Status of US Dollar as Global Reserve Currency and Exchange Rates: Slow Long-Term Decline on Track
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Iran-Saudi Rapprochement Will Deal A Deathblow To The Dollar
READ HERE: Eurasia’s geo-economic integration took a great leap forward as a result of the Iranian–Saudi rapprochement, which unlocks the Gulf Cooperation Council’s (GCC) trade potential with Russia and China. Its wealthy members can now tap into two series of Iranian-transiting megaprojects in one fell swoop through this deal, with the North-South Transport Corridor (NSTC) […]
Moderna CEO brags to WEF attendees about predicting Billion Dollar COVID-19 pandemic
At this year’s annual World Economic Forum (WEF) conference in Davos, Moderna head Stephane Bancel admitted to CNBC that he ordered his staff to start mass producing “vaccines” for the Wuhan coronavirus (COVID-19) in late 2019, just a few months before the so-called “virus” even emerged. After previously claiming that he first heard […]
Euro Hits 10 Month-High on Dollar, as Central Banks Chart Divergent Courses
SINGAPORE/LONDON—The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting at which markets expect a half-percentage point rate increase, a day after the U.S. Federal Reserve slowed the pace of its rises to 25 basis points. The Fed also said it had turned a corner in […]
Oil Steady as Dollar Slumps and Russian Oil Products Ban Looms
LONDON—Oil prices were steady on Thursday after tumbling in the previous session as a weaker dollar boosted sentiment, though looming sanctions on Russian oil products added uncertainty over supply. Brent crude futures fell 10 cents, or 0.1 percent, to $82.74 a barrel by 0937 GMT while West Texas Intermediate (WTI) U.S. crude futures advanced 1 […]
Bill Gates Flies Around Australia on $70 Million Dollar Private Jet Lecturing People About Climate Change
Billionaire Bill Gates is currently flying around Australia on board his $70 million dollar luxury private jet lecturing people about climate change. Source Views: 0
A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status
The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could […]
More nations plan to ditch U.S. dollar
TEHRAN- Brazil and Argentina are planning on a common currency for the region in a bid to distance themselves from the U.S. dollar. Source Views: 0
Global South: Gold-backed currencies to replace the US dollar
The adoption of commodity-backed currencies by the Global South could upend the US dollar’s dominance and level the playing field in international trade. January 19 2023 By Pepe Escobar Let’s start with three interconnected multipolar-driven facts. First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi […]
The move away from the dollar and the downfall of the USA
In recent years observers in many different countries have been warning ever more insistently about the inevitable collapse of the dollar – which Washington has inflated far above its true value. The US has experienced nine recessions since the beginning of the 1970s, and the dollar has fallen twice in real terms, from 1972-1974, and […]