The Everything Bubble is about to turn to the Everything Collapse!
While the five original BRICS states have their geopolitical differences, they are finding enormous common ground on the geoeconomic front as trade volumes surge and trade routes multiply...
In its quarterly survey of 158 big banks, the European Central Bank (ECB) said that demand for loans from businesses over the last three months fell at the fastest pace on record (the time series began in 2003) and banks tightened their credit standa
Bank chiefs have been summoned for a meeting with Treasury ministers to discuss how customers can be protected from "being de-banked" after Nigel Farage accused Coutts of closing his account due to his political views.
The digital ruble is a CBDC project the Bank of Russia has been working on since 2020, when the Bank of Russia published its first analytical report on the topic.
I was ordering my Pimms at Wimbledon, which I discovered would cost me £11 - and was extremely tempted to rant "You cannot be serious!". But I sucked it up and paid.
Full interview with Dave Hodges of The Commonsense Show, covering China, BRICS nations, de-dollarization
On Friday, July 7, 2023, news broke in the financial market media that the "BRICS" (that is, Brazil, Russia, India, China, and South Africa) will implement their plan to create a new international currency for trading and financial transactions,
Two years after it was halted, left for dead, and effectively bankrupted in a controlled demolition, China's one-time property giant, Evergrande, reported long-delayed results and boy were they a whopper:
For the past decade, Zoltan Poszar has arguably been the world's foremost expert in the ugly nuances and arcanery in world money-markets (and more recently, on how the financial and physical markets overlap on the geopolitical chessboard). However, a
END of the Dollar: SCO Nations to Abandon USD, Shift to Domestic Currencies for Financial Transactions
Did you know that a third of the planet is under some form of economic sanctions at the moment? And, more to the point, do you know what that really means?
Every country should pay its sovereign debt. Default, we are told, is not an option.
In the full panoply of the Biden administration's foreign policy errors aned gaffes, perhaps none was so stupid as its failed attempt to weaponize the dollar--the world's reserve currency--against Russia for its invasion of Ukraine.
The first question asked by Prime Minister Viktor Orbán in his Facebook post is: "The only question everyone is asking here in Brussels is: Where has the money gone?"
More and more countries have aspired to belong to BRICS since 2009, but none from the West.
Life appears pretty good for Nigel Farage right now. Winning awards for his TV show, enjoying the adoration of fans and scorning the opprobrium of Remainers everywhere.
Earth's surface is covered by 71% water, connecting every corner of the world, so it's no surprise that 80% of global trade is carried by ship. But how does it all work?
Africa's richest city is now a crumbling hellscape after less than 30 years of Diversity, Equity, Inclusion…
Today at 9:30am, the main event at the ECB's Sintra annual forum sees ECB President Lagarde (Neutral/Dovish), Fed Chair Powell (Neutral), BoE Governor Bailey (Neutral), and BoJ Governor Ueda (Dove) partake in a panel at the Sintra forum at 14:30 BST
There has been a steady migration of gold from West to East over the last three decades.
International Man: Last year, the Organisation for Economic Co-operation and Development (OECD) and more than 130 countries agreed to set a minimum global corporate tax rate of 15%.
I recently revealed that the so-called "BRICS+" countries will announce the creation of a new currency at its annual leaders' summit conference on August 22–24.
I want you to imagine, for a moment, a future world in which everything we now know about functioning and surviving within the economy is completely upended.
China National Petroleum Corporation (CNPC) and QatarEnergy are expected to sign a 27-year agreement, which will allow China to purchase 4 Sources familiar with the deal told Reuters that CNPC also will take an equity stake in the eastern expansion o
Treasury Secretary Janet Yellen warned this week against "decoupling" U.S. trade with China.
The implications of these scandalous revelations go far beyond the real estate sector and affect the broader worldwide economy...
THE IMF HAS JUST UNVEILED A NEW GLOBAL CURRENCY KNOWN AS THE "UNIVERSAL MONETARY UNIT" THAT IS SUPPOSED TO REVOLUTIONIZE THE WORLD ECONOMY
The Hybrid War 2.0 against the Global South has not even started. Swing states, you have all been warned.
This year, Russia shipped its first liquefied natural gas cargo via the Northern Sea Route (NSR) in the Arctic onboard the vessel Fedor Litke. The tanker was loaded at the Yamal LNG plant in the country's north.