African Ambassador and BRICS official Anil Sooklal says the glory days of the US dollar are in the rear view mirror. At a media briefing, the BRICS diplomat told reporters the group of economically aligned nations is shifting away from the world’s reserve currency, reports Reuters. Sooklal says BRICS, which is made up of Brazil, Russia, […]
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Rich Dad Poor Dad author Robert Kiyosaki says that the stock market is on its last legs, with the US heading into a historic economic downturn. The best-selling author tells his 2.4 million Twitter followers that while he doesn’t get involved with stock or bond investing, he’s anticipating a “severe” crash and a potential depression […]
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An economist at the world’s largest credit ratings agency says the US dollar’s global reserve currency status is now in the process of fading away. Paul Gruenwald, Standard and Poors Global’s (S&P) chief economist, said at a conference in London that the dollar “doesn’t have quite the pull it used to,” reports Reuters. With “a […]
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An economic alliance of nations known as BRICS is reportedly preparing to introduce a new currency that’s designed to dethrone the US dollar. According to RT, the new trading currency of BRICS will be backed by gold, a standard that used to define the US dollar over 100 years ago. The currency is set to […]
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The economic coalition of nations known as BRICS has “medium to long-term” ambitions to create a new global currency and challenge the US dollar, according to the chief financial officer of the BRICS New Development Bank. BRICS nations, which consists of Brazil, Russia, India, China and South Africa, are currently pushing to boost direct trade […]
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China says it’s fully backing a major expansion of the global economic alliance known as BRICS. The country is ready to “bring more like-minded partners” into BRICS, which currently consists of Brazil, Russia, India, China, and South Africa, says Chinese foreign ministry spokesperson Mao Ning. The state-backed outlet China Daily says Ning made the statement […]
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America’s “Fiscal Responsibility Act” will hasten a collapse of the US dollar and force Americans to take the brunt of its fallout, according to former Congressman Ron Paul. In a new statement, Paul says that the deal, which suspends the US government’s debt ceiling for two years, will be felt by regular citizens in the […]
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The BRICS coalition is moving closer to adding more countries to its alliance, according to one of its main members. Brazilian president Luiz Inácio Lula da Silva says BRICS is already looking at proposals from several other countries looking to join the group. BRICS, which was set up by emerging economies to create an alternative […]
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The former prime minister of Greece says the current banking regime is rightfully wary of a central bank digital currency (CBDC) in the US. Writing in an op-ed for Project Syndicate, Yanis Varoufakis says fears of future CBDCs are similar to the fears of smoking restrictions. Just as cigarette companies lamented the rise of smoking […]
The post JPMorgan and Too-Big-To-Fail Banks Are Right To Panic Over American CBDC: Yanis Varoufakis appeared first on The Daily Hodl.
Brazilian President Luiz Inácio Lula da Silva says he believes a group of five nations collectively known as BRICS should create its own common currency to compete on the global stage. After attending the G7 meeting in Hiroshima, President Lula hosted a press conference touting the benefits of a common currency that does does not […]
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