10 / 38 Relevant items tagged with #Economics
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Robert Kiyosaki Pushes Bitcoin as US Debt Soars to Alarming Levels — Warns of Banking System Failures
[Aug 24, 2024 11:30 PM] Robert 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…
Academic Paper Questions Federal Reserve Independence and Exposes Political Ties
China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation
[Aug 24, 2024 3:30 AM] China 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…
Nigerian Firms Forecast Further Naira Depreciation
[Aug 24, 2024 12:30 AM] A 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…
Fed Chair Powell Signals Confidence in Inflation Control, Hints at Rate Cuts
US Payrolls Revised Down by 818,000, Largest in 15 Years: QCP Capital Analyzes Impact on Markets
[Aug 22, 2024 6:30 PM] QCP Capital reports that the largest downward revision to U.S. payrolls in 15 years has raised concerns over the strength of the labor market. The report suggests that these revisions could influence the Federal Reserve’s decisions on…
Devere CEO Advises Shifting Away From US Assets as Dollar Weakens
Peter Schiff Expects Gold Mining to Be Best-Performing Sector This Decade — Foresees ‘Major Bull Market’
Russian Finance Minister Discloses That Over 90% of Bilateral Trade With China Is Settled Outside the U.S. Dollar System
[Aug 20, 2024 5:30 PM] Anton Siluanov, the Russian Finance Minister, pointed out that a majority of the bilateral trade with China is being conducted outside the U.S. dollar system. He stressed that over 90% of these transactions have been completed using national…
No mention of crypto in US Democratic Party’s 2024 platform
[Aug 19, 2024 5:54 PM] The 91-page party platform is expected to be passed on Aug. 19 in a vote from the Democratic National Convention.
Fedwatch Tool and Polymarket Indicate Strong Odds for September Rate Cut
[Aug 18, 2024 5:30 PM] Right now, the market is leaning towards the U.S. Federal Reserve lowering the benchmark interest rate at the Sept. 18, 2024, Federal Open Market Committee (FOMC) meeting. The CME Fedwatch tool currently indicates a 75% likelihood of a…
Robert Kiyosaki Advises Preparing for Crash Landing — Says ‘Time to Save Yourself’
[Aug 17, 2024 11:30 PM] Rich Dad Poor Dad author Robert Kiyosaki has explained why he is preparing for a crash landing. He criticized U.S. leadership, including Vice President Kamala Harris, Treasury Secretary Janet Yellen, and Fed Chairman Jerome Powell, calling them…
Peter Schiff Urges the Fed to Raise Rates and Let Markets Crash
[Aug 17, 2024 10:30 PM] Economist and gold advocate Peter Schiff has recommended that the Federal Reserve raise interest rates instead of cutting them, even if it leads to a market crash. He acknowledged that this approach would likely cause stocks and real estate to…
Financial Analyst Peter St Onge States Saving the Dollar Is Easy: Return to the Gold Standard
[Aug 16, 2024 10:30 PM] Peter St Onge, an economist and financial analyst, has explained his proposal to save the U.S. dollar from crumbling under the current central banking system. St Onge proposes returning to the gold standard, backing the total dollar issuance with…
India and Russia to Enhance Trade With Rupee-Ruble Payments
[Aug 16, 2024 11:20 AM] India and Russia are discussing ways to enhance bilateral trade by adopting payments in their national currencies and reducing non-tariff barriers. The talks aim to facilitate rupee-ruble trade and address trade imbalances, particularly as…
While Useful, Bitcoin Will Not Replace the U.S. Dollar, Russian Analyst Warns
[Aug 16, 2024 4:30 AM] Viktor Pershikov, a Russian expert in financial markets, has explored the opportunities that crypto and bitcoin will bring to Russia following the laws approved recently by President Putin. Pershikov stated that, while some cryptocurrencies present…
Food Price Controls in America? Kamala Harris’s Controversial 2024 Strategy Unveiled
[Aug 15, 2024 8:05 PM] Vice President Kamala Harris, according to several reports, has outlined one of her key economic strategies if she wins the presidency in 2024—price controls. Her campaign is advocating for what they describe as the “first-ever federal…
China-Russia International Trade Payments Situation Worsens: Crypto and Barter Rise as Alternatives
[Aug 15, 2024 4:05 AM] Chinese regional banks, which were once used as bridges to process payments from Russia to China, have begun rejecting these payments for fear of secondary sanctions. To facilitate these transactions, cryptocurrency and even barter schemes have…
Claudia Sahm Warns Fed: Delayed Rate Cuts Could Spur Unnecessary Recession
[Aug 15, 2024 1:05 AM] In a detailed discussion with Kitco News, Claudia Sahm, founder of Sahm Consulting and chief economist at New Century Advisors, shared her insights on the U.S. economy. Despite rising recession concerns, Sahm emphasized that the current labor…
CPI Report Sparks Fed Rate Cut Hopes as Inflation Slows to 2.9%
[Aug 14, 2024 1:50 PM] On Wednesday, the U.S. Bureau of Labor Statistics rolled out its latest consumer-price index (CPI) report, revealing a 2.9% increase over the past 12 months through July—falling just short of economists’ 3% forecast. This data nudged CME…
$2.3 Billion in Dollar, Euro Bills Shipped to Russia Despite Ban
[Aug 14, 2024 6:30 AM] Despite Western restrictions imposed after Russia invaded Ukraine, billions of dollars and euros in banknotes have flowed into the country. This suggests that Russia has found ways to circumvent these restrictions. Despite official efforts to…
BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
[Aug 14, 2024 5:30 AM] The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade using their national currencies like the Russian ruble…
Elon Musk Offers to Assist Donald Trump Boost Government Efficiency
[Aug 13, 2024 11:30 PM] Tesla and Spacex CEO Elon Musk has offered to assist former U.S. President Donald Trump in managing government spending if Trump is re-elected, proposing the creation of a government efficiency commission. Trump endorsed the idea, praising Musk as…
Economist Editorial Claims 2024 Recession Is Inevitable—Is America Ready?
[Aug 13, 2024 9:02 PM] A U.S. recession in 2024 appears to be on the horizon, according to a recent editorial piece by the Economist. The article surfaces as warnings of an economic downturn grow louder, with the author asserting that “there is no escaping the squeeze…
Bukele Announces Private Investment of $1.61 Billion in Third Phase of Economic Overhaul Plan for El Salvador
Elon Musk: How Government Overspending and Excessive Regulation Fuel Inflation
Jamie Dimon Says US Recession Still on the Horizon as JPMorgan Increases Forecast
[Aug 10, 2024 11:30 PM] JPMorgan Chase CEO Jamie Dimon reiterated his belief that a recession remains the most likely outcome for the U.S. economy. Dimon pointed to various uncertainties such as geopolitics, housing, and spending. Meanwhile, JPMorgan has raised the…
Economist Art Laffer Slams US Economic Policies, Warns of Dollar’s Decline as Global Reserve Currency
[Aug 10, 2024 8:30 PM] Economist Art Laffer, known for his work on supply-side economics, has expressed concerns over the future of the U.S. dollar in a recent interview. Laffer argues that current U.S. economic policies are leading to the dollar’s decline, making…
Global Asset Freeze Targets Fugitive ‘Cryptoqueen’ and Onecoin
[Aug 10, 2024 12:30 AM] A London high court has announced a global asset freeze targeting Onecoin’s co-founder Ruja Ignatova and associates. Over 400 investors sought this legal action after losing millions in the Onecoin cryptocurrency scam. The asset freeze prevents…