China says it’s now signed $582.3 billion worth of global currency settlement agreements that will exclusively utilize the yuan. According to a new report from the Chinese state-backed outlet China Daily, the country’s central bank has inked deals with more than 40 countries and regions since 2016. As for the countries involved in the pacts, […]
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Famed American investor and co-founder of the Quantum Fund, Jim Rogers, says the dollar’s reign as the world’s reserve currency is coming to an end. In a new interview with Russian state-owned news agency Sputnik, Rogers says America’s politicization of the dollar has both friends and foes focused on alternatives. “Many people are starting to […]
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Russia and Islamic nations are discussing de-dollarization and the state of the global financial system, according to a new report. Russia’s Deputy Prime Minister Alexey Overchuk says the talks are part of an overall look at “current global shifts”, reports the Russian state-funded news organization TASS. Overchuk says the agenda is focused on de-dollarization, financial […]
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Venezuelan President Nicolas Maduro says a significant decline in the global use of the US dollar is now inevitable. In his latest weekly update, Maduro points to US sanctions as the core reason that nations are exploring ways to reduce their reliance on the world’s reserve currency. Maduro says African nations are setting the tone. […]
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A total of 13 countries have now formally asked to join the global economic alliance known as BRICS. In an interview with TV BRICS, African Ambassador Anil Sooklal says nations from Africa, Latin America and Asia are looking to become new members. “So far, a number of countries (at least 13) from Africa, Latin America […]
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A group of economically-aligned nations known as BRICS is reportedly sorting through a surge of interest from countries wishing to join the coalition. The group, which is exploring the launch of a global currency that would circumvent the US dollar, is preparing to respond to a wave of applications from like-minded countries, reports Telesur. Naledi […]
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South Africa’s foreign minister says a group of economically-aligned nations known as BRICS will examine whether a new global currency would effectively allow them to disconnect from the US dollar. The group of nations, which includes Brazil, Russia, India, China and South Africa, are preparing to “discuss the feasibility” of a new common currency, reports […]
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Kentucky Senator Rand Paul says the government’s foreign and fiscal policies are pushing BRICS and other nations to gang up against the US dollar. In a new Fox Business interview, Paul says the US is becoming increasingly isolated as outside powers team up to settle trades without using the dollar. Paul says it’s not China […]
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Hedge fund manager and macro economic expert Hugh Hendry just issued a major warning on the US banking system and the American economy as a whole. In a new interview on Bloomberg Markets, Hendry says mass panic and capital flight away from the US banking sector is entirely justified. Hendry says a further decline in […]
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Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat also discussed the similar initiative within BRICS. Sergey Lavrov Convinced SCO Countries Will Switch to National Currencies, Won’t […]