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Bilateral Settlement Between China and Russia Worsens Due to New Sanctions

Bilateral Settlement Between China and Russia Worsens Due to New SanctionsThe payment flow between China and Russia is being disrupted once again due to the enactment of a new package of sanctions that includes 46 Chinese companies allegedly assisting the Russian war effort. This has affected imports of dual-use products, which can be used for both military and civilian purposes, as well as other merchandise. […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon Musk

Government Overspending Puts US in the ‘Fast Lane to Bankruptcy,’ According to Elon MuskIn recent times, Elon Musk, the owner of X and the CEO and product architect at Tesla, Inc., has been voicing his concerns about inflation. This discussion became especially prominent after he interviewed former U.S. President Donald Trump. Just two days ago, Musk took to X, declaring that the United States is “in the fast […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Payments in National Currencies Surge to 92% Among SCO Members

Payments in National Currencies Surge to 92% Among SCO MembersPayments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s Impact

Polymarket Bets 10% on 2024 US Recession, Analyst Skeptical of Rate Cut’s ImpactThe prediction market Polymarket and CME’s Fedwatch tool suggest that a rate cut during the Federal Open Market Committee (FOMC) meeting in September is highly likely. However, BCA Research’s chief asset allocation strategist, Garry Evans, argues that even if rates are lowered, it won’t stop a recession in the United States. On the flip side, […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Peter Schiff Warns of Looming US Dollar Crisis and Economic Collapse

Peter Schiff Warns of Looming US Dollar Crisis and Economic CollapseEconomist and gold advocate Peter Schiff has cautioned about the U.S. dollar index falling substantially, “triggering a U.S. dollar crisis, crashing the economy, and sending consumer prices and long-term interest rates soaring.” Schiff further warned of higher inflation and stagflation, impacting consumer prices and interest rates. He criticized the Federal Reserve’s current strategies, cautioning against […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures

Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System FailuresRobert Kiyosaki, the author of Rich Dad Poor Dad, has warned that the U.S. is adding a trillion dollars to its debt every 100 days. He advises investing in gold, silver, and bitcoin to safeguard against economic instability. Kiyosaki also points out the dangers of relying on traditional banks, noting that banking panics are often […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Academic Paper Questions Federal Reserve Independence and Exposes Political Ties

Academic Paper Questions Federal Reserve Independence and Exposes Political TiesThomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.” Webster’s research scrutinizes the relationship between fiscal and monetary policies, arguing that the Federal Reserve operates more as a political tool than an independent entity. […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation

China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS CooperationChina and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also advancing collaboration in artificial intelligence, sustainable development, and global governance. China and Russia Strengthen […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Nigerian Firms Forecast Further Naira Depreciation

Nigerian Firms Forecast Further Naira DepreciationA recent Central Bank of Nigeria survey reveals that Nigerian businesses expect the naira to weaken further before strengthening in late 2024 or early 2025. This pessimism comes despite the CBN injecting millions into the forex market. The naira’s depreciation has fueled inflation, sparking protests. While most businesses are pessimistic about the naira’s immediate future, […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal

Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts

Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate CutsFederal Reserve Chair Jerome Powell expressed confidence in the central bank’s progress in reducing inflation, suggesting that rate cuts may be on the horizon. Speaking at the Jackson Hole economic symposium, Powell emphasized the Fed’s commitment to achieving its 2% inflation target while maintaining a strong labor market. Rate Cuts Possible as Powell Expresses Confidence […]

Bitcoin Technical Analysis: BTC’s Short-Term Correction—What the Charts Reveal