[Jul 27, 2024 7:20 PM] Alexander Babakov, Deputy Chairman of the Russian State Duma, highlighted the need to create a BRICS equivalent to the SWIFT messaging system, which routes payments alongside the current banking infrastructure. Babakov emphasized that this new…
[Jul 26, 2024 8:31 PM] The World Bank Executive Director for Russia forecasts that BRICS nations will soon dominate the World Bank and the International Monetary Fund (IMF), attributing this shift to inevitable macroeconomic and demographic changes away from Western…
[Jul 26, 2024 7:33 PM] The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey Rudenko. The proposal aims to enhance BRICS countries’ financial sovereignty…
[Jul 26, 2024 2:30 PM] The price of the Salvadoran basic goods basket, a group of foods and vegetables considered essential, rose to all-time high levels in June. The increase was pushed due to the price hikes in vegetables, going over the $260 barrier and reaching…
[Jul 23, 2024 9:37 PM] A multi-year study sponsored by Openai’s Sam Altman examined the effects of a UBI stipend on the spending patterns of the beneficiaries, finding that most of the money was spent on basic needs. The study, which gave $45 million to thousands…
[Jul 23, 2024 3:20 PM] Buyers in Asian markets were reluctant to continue purchasing gold as it reached a new record high last week, opting to cash out and wait for deeper discounts. In India, sellers were offering discounts on gold bullion of over $65 per ounce, with…
[Jul 22, 2024 9:30 PM] India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all…
[Jul 21, 2024 5:30 PM] Rich Dad Poor Dad author Robert Kiyosaki predicts a major opportunity for wealth accumulation as real estate markets crash. “The time to make money in your sleep is arriving now,” he stressed, adding that his Rich Dad has taught him…
[Jul 18, 2024 1:30 PM] President Nayib Bukele has announced a new measure in his battle against speculation and price gouging in El Salvador, eliminating import duties for certain basic foods and supplies for a decade. While some of these products did not pay duties due…
[Jul 17, 2024 2:43 PM] In a recent interview with Bloomberg Businessweek, former President Donald Trump outlined his economic vision, touching on topics such as taxation, tariffs, Federal Reserve Chair Jerome Powell, and cryptocurrency. Trump’s views and plans…
[Jul 17, 2024 7:40 AM] Michael Kao, a financial analyst and commentator renowned for his accurate predictions on oil and the U.S. dollar, offers a contrarian perspective on former President Donald Trump’s potential impact on these markets. Kao argues that Trump’s…
[Jul 16, 2024 5:17 PM] Erik Voorhees, founder of Shapeshift, has warned about the U.S. national debt’s catastrophic trajectory. He foresees a bond market collapse and ruination, calling it the most catastrophic event of our lifetimes. Voorhees advocates for bitcoin…
[Jul 15, 2024 10:37 PM] Keith Neumeyer, CEO of First Majestic Silver, a Canada-based mining company, discussed the silver production deficit in today’s precious metals markets. Neumeyer stated that while retail investors are interested in silver, institutions have…
[Jul 13, 2024 8:30 PM] Russian President Vladimir Putin believes that the BRICS economic bloc will have its own official parliamentary organization in the future. Speaking at the 10th BRICS Parliamentary Forum, Putin emphasized the importance of parliaments in promoting…
[Jul 13, 2024 11:15 AM] While the U.S. recently marked the longest period of inverted bond yields in history, surpassing two years, data indicates that a total of 26 countries now have an inverted yield curve. Investors and economists closely monitor yield curve…
[Jul 12, 2024 12:15 PM] President Nayib Bukele compared himself to the late Venezuelan President Hugo Chavez after announcing that Farmers’ Markets, an initiative of the Agriculture Ministry of El Salvador focused on offering lower prices to Salvadorans in selected…
[Jul 11, 2024 8:30 AM] The U.S. consumer price index (CPI) fell by 0.1% in June. The decline, primarily due to reduced gasoline prices, brought the annual inflation rate to its lowest in over three years. This news comes after U.S. President Joe Biden was accused of…
[Jul 9, 2024 2:20 PM] The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that…
[Jul 9, 2024 9:31 AM] Analysts from Citi, the American multinational investment bank and financial services corporation, predict the U.S. Federal Reserve will begin reducing rates by September, totaling a 200 basis points (bps) cut over the next eight Federal Open…
[Jul 8, 2024 5:16 PM] Egon von Greyerz, founder of Matterhorn Asset Management and Gold Switzerland, has shared his insights, indicating potential for substantial increases in gold prices based on historical trends and current economic conditions. He explained that gold…
[Jul 7, 2024 6:33 PM] Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of…
[Jul 7, 2024 4:12 PM] Economist Jim Rickards has shared insights on the U.S. dollar’s decline, driven by sanctions and mounting debt, and the potential rise in gold’s value as nations seek alternatives like the BRICS currency. He warns that internal…
[Jul 7, 2024 12:16 PM] According to “Project 2025,” initiated by the conservative think tank the Heritage Foundation, there is a strategy aimed at implementing conservative policies effectively within the first 180 days of the next U.S. Presidential…
[Jul 5, 2024 12:04 PM] In a recent editorial, economist Peter St Onge explores the potential of a hidden economic recession, suggesting that official figures might not reveal the full extent of the decline. St Onge raises concerns about the accuracy of U.S. inflation…
[Jul 4, 2024 12:04 PM] According to the minutes from the Federal Reserve’s Federal Open Market Committee (FOMC), the choice to maintain the federal funds rate in its current range was driven by concerns about ongoing inflation and economic instability. Economic…
[Jul 3, 2024 5:16 PM] The International Monetary Fund (IMF) has advised the U.S. to improve its fiscal position by reducing spending and increasing revenues. The IMF emphasizes addressing rising debt through policy adjustments and recommends maintaining current interest…
[Jul 1, 2024 12:21 PM] John Hussman, a prominent market strategist known for predicting the 2000 and 2008 crashes, warns of a significant downside for the S&P 500. Hussman highlights elevated asset prices and narrow market participation, suggesting a potential…
[Jun 30, 2024 9:37 PM] Javier Milei, the libertarian President of Argentina, has revealed the new policies that will be applied to cement the economic victories he has achieved in Argentina. In an interview, he stated that now, with the recent approval of the omnibus…
[Jun 30, 2024 5:10 AM] In the first half of 2024, the Nigerian currency depreciated by nearly 40%, making it the worst-performing currency during that period. Meanwhile, the Kenyan shilling appreciated by 20.7%, ranking it as the best performer. The depreciation of the…
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