Economic challenges in the Lula government, overvaluation of
During the second year of his third presidential term, President Luiz Inácio Lula da Silva (Workers’ Party) is facing clashes...
archiveBRICS
BRICS To Accept Local Currencies for Fish Exports, Sideline US Dollar
BRICS is looking to dominate the food and crops sector and reduce the US dollar’s hegemony for trade settlements. Russia...
Why Do Asian Countries Buy Oil With the U.S. Dollar?
Despite looking to cut ties with the U.S. dollar, BRICS and other Asian countries don’t pay local currencies for oil...
US Dollar Wrecking Havoc on Local Currencies
The joke’s on the BRICS de-dollarization agenda as the US dollar is wreaking havoc on their respective local currencies. Forget...
Will BRICS Digital Currency Replace the Pretrodollar
The 50-year petrodollar agreement with Saudi Arabia to use the US dollar for oil payments ended in June 2024. With...
US Dollar Pushes Japanese Yen Fall To 4-Decade Low
Japan’s yen has plummeted to a 40-year low. This is an unprecedented situation that will affect the major currencies from...
Cryptos, gold and the end of the dollar
A growing number of macroeconomists and financial analysts are sounding the alarm about the exploding US national debt, now approaching...
Major U.S. Sector To Be Affected If BRICS Ditches the Dollar
The BRICS alliance is looking to launch a gold-backed currency to topple the U.S. dollar. The announcement about the formation...
BRICS Gold-Backed Currency to Launch at 2024 Summit?
BRICS aims to launch a new currency that will be backed by gold as a counter to the US dollar....
Will the dollar hold up against the BRICS currency?
The IMF warned that the US dollar could experience a decline if the BRICS were to assume control of the...
