A trio of BRICS member nations are unloading billions upon billions of dollars worth of US Treasuries. New numbers from the U.S. Treasury Department show China’s ownership of Treasury securities plunged from $821.5 billion in July to $805.4 billion in August – a decrease of about $16.4 billion. Fellow BRICS member India also pared its […]
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Famed American investor Jim Rogers believes the long reign of the US dollar is drawing to a close. In a new interview with the YouTube channel Nomad Capitalist, Rogers says the heydays of the American currency are shifting to the rear view mirror. According to Rogers, one currency that may take the place of the […]
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Founding BRICS members China and Brazil along with newcomer Saudi Arabia are quietly unloading their US Treasury holdings. New numbers from the U.S. Treasury Department show China’s ownership of Treasury securities dropped from $835.4 billion at the start of July to $821.8 billion at the end of the month – a decline of $13.6 billion. […]
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Veteran macro investor Luke Gromen says that both Bitcoin (BTC) and gold can flourish as fiscal issues continue to mount within the US economy. In a new interview on the Blockworks Macro YouTube channel, macro investor Luke Gromen says that relentless quantitative easing and a potential pivot from the Federal Reserve will create an environment […]
The post Bitcoin and Gold Can Flourish as US Struggles With Massive Fiscal Problems: Macro Investor Luke Gromen appeared first on The Daily Hodl.
The global economic alliance known as BRICS is reportedly considering the launch of a global payments system that could sidestep the banking industry standard SWIFT. According to a new report from the Russian state-funded news organization TASS, the group’s finance ministers are evaluating the feasibility of a unified payments network, and will formally discuss its […]
The post BRICS Reviewing Global Payments System to Bypass US Dollar and Circumvent SWIFT: Report appeared first on The Daily Hodl.
Several members of the economic alliance known as BRICS are discarding billions of dollars worth of assets backed by the US government. New numbers from the Treasury Department show China is leading the charge, reducing its holdings of US treasuries from $835.4 billion in June to $821.8 billion in July – a decrease of $13.6 […]
The post $18,900,000,000 in US Treasuries Dumped by BRICS Members China, Brazil, India and UAE in One Month appeared first on The Daily Hodl.
Former US Congressman Ron Paul says a new member of the global economic alliance known as BRICS poses a serious threat to the US dollar’s hegemony. In a new blog post, Paul says BRICS was created to challenge the economic and political dominance of the United States. The former US representative specifically mentions Saudi Arabia, […]
The post New BRICS Member Saudi Arabia Poses Massive Threat to US Dollar’s Reign As Global Reserve Currency: Ron Paul appeared first on The Daily Hodl.
Venture capitalist Chamath Palihapitiya says that he has a hard time seeing BRICS nations working together to achieve anything significant. In a new episode of the All-In Podcast, the business magnate says that even though BRICS is made up of economically aligned nations, there are stark differences among them that make any meaningful collaboration seem […]
The post Billionaire Chamath Palihapitiya Calls BRICS Nations ‘Polar Opposites’, Has Trouble Seeing Members Cooperating appeared first on The Daily Hodl.
BRICS members China and Saudi Arabia are unloading hundreds of billions of dollars worth of US treasuries. New numbers from the Treasury Department show that China trimmed its US treasury holdings from $938.8 billion in June 2022 to $835.4 billion in June 2023 – a decrease of about $103.4 billion in just 12 months. Even […]
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A Washington-based think tank believes that an expanded BRICS set to control a significant portion of global crude oil output is a shot across the bow for the United States. In a new blog post, Atlantic Council’s Jonathan Panikoff says that the addition of new countries to the economic bloc is a sign of “shifting […]
The post Expanded BRICS To Command Over 40% of Global Crude Oil Output, Think Tank Dubs Move a ‘Warning’ to America appeared first on The Daily Hodl.
