Independent thinking for complex markets and current events
by Mike Maharrey The BRICS economic block is pushing forward with plans to develop a system that would facilitate international payments outside the dollar system, with gold serving an important role in the scheme. According to the Russian news agency TASS, BRICS officials are “developing a wide range of instruments for creating an inclusive international financial …
Authored by Andrew Korybko via Substack, RT published a feature analysis on Friday asking, “Has the US finally succeeded in choking off Russia’s biggest trade lifeline?”, which readers are encouraged to read in full to learn more Russia and China’s US-provoked payment problems. In a nutshell, Chinese banks of all sizes have suddenly started complying with …
Vince Lanci has reported that 126 nations are showing interest in moving away from reliance on the US dollar and are set to attend the BRICS Municipal Conference in October 202412. This reflects a growing trend among countries to explore alternatives to the US dollar for international trade and financial transactions. https://marketsanity.com/vince-lanci-brics-2024-126-nations-eyeing-us-dollar-exit/ https://arcadiaeconomics.com/brics-2024-126-nations-eyeing-us-dollar-exit/
In a bold move to enhance its global standing, Venezuela has proposed leveraging its vast oil reserves to gain membership in the BRICS group, comprising Brazil, Russia, India, China, and South Africa. This push for inclusion comes amid significant political unrest and economic challenges within the country. President Nicolás Maduro publicly affirmed Venezuela’s ambition to …
BRICS announces details of new global currency. by birchgold A new major currency will be hitting the world stage soon as BRICS – being the economic block of Brazil, Russia, India, China, South Africa, and a growing number of non-western nations – is coming closer to officially launching its collective tender. Details of the currency, …
BRICS probably won’t be able to dethrone King Dollar, according to Morgan Stanley currency traders. There’s only one small problem with their argument… From Peter Reagan at Birch Gold Group This week, Your News to Know rounds up the latest top stories involving gold and the overall economy. Stories include: Morgan Stanley’s views on gold and …
U.S. economy will be destroyed if countries stop trading in the dollar. Inflation will become uncontrollable, and the dollar’s value will plummet. BRICS nations plan to move off the dollar, potentially using their own or a new agreed-upon currency. Greene blames U.S. foreign policy for this impending crisis. Steve Bannon adds that Saudi Arabia is …
The BRICS group of major emerging economies – Brazil, Russia, India, China and South Africa – emitted a record 1.98 billion metric tons of carbon dioxide from power generation during the first quarter of 2024, data from energy think tank Ember shows. That emissions toll was roughly 500 million tons greater than the entire emissions …
Turkey, a member of NATO, has expressed a desire to join the BRICS group. “Certainly, we would like to become a member of BRICS,” stated Turkish Foreign Minister Hakan Fidan on June 4 during his visit to Beijing. Russia has welcomed Ankara’s wish to join BRICS. There is a growing list of NATO countries unhappy …
Türkiye will seek to join the BRICS group of nations and intends to bring up the issue at an upcoming meeting of the economic bloc’s foreign-ministers in Russia, Ankara’s chief diplomat Hakan Fidan announced on Tuesday. Speaking to reporters while on a three-day visit to China, Fidan stated that Türkiye has long been waiting to become a member …
BRICS is preparing to launch an independent blockchain-based system called 'BRICS PAY.' This step aims to completely end the use of the U.S dollar in interstate trade. pic.twitter.com/7Iwufw3wDf — SAY CHEESE! 👄🧀 (@SaycheeseDGTL) May 21, 2024
Nigeria plans to apply for membership in the BRICS group of emerging countries after the necessary domestic arrangements are complete, Foreign Minister Yusuf Tuggar has said. The diplomat is in Moscow this week on a three-day working visit from March 5-7. On Wednesday, Tuggar met with his Russian counterpart Sergey Lavrov to discuss bilateral relations, …
via moneymetals In an interview on the Russian news agency TASS, Kremlin aide Yury Ushakov announced that the BRICS nations plan to develop a new payment system based on the blockchain. This sets the stage for further de-dollarization and could further undermine the status of the dollar as the global reserve currency. “We believe that creating …
Huge news on #dedollarization #BRICS nations are discussing a multilateral digital settlement and payments platform. Goodbye to SWIFT, dollar, and US hegemony! Meeting in São Paulo, Brazil pic.twitter.com/EO7vjnUaqt — S.L. Kanthan (@Kanthan2030) February 28, 2024 Finance ministers discuss BRICS Bridge digital currency payments Yesterday BRICS finance ministers and central bank governors met in Sao Paulo, …
Finance Ministers and Central Bank Governors of BRICS countries are set to hold a meeting on Tuesday in Brazil’s Sao Paulo at the sidelines of the G20 ministerial summit. The meeting will also see the first participation participation of new BRICS members who officially joined the organization at the start of this year. A wide …
via Mike Shedlock: Let’s discuss the latest BRICS silliness starting with the definition of BRICS. BRICS++ Economic Trading Block The term BRIC stand for Brazil, Russia, India, and China, a group of countries that have little in common other than seeing an alternative to the US dollar for international trade. The group added an “S” for …
via naturalnews: The oil-rich kingdom of Saudi Arabia has formally joined the BRICS group alongside four other countries. South African International Relations Minister Naledi Pandor confirmed the full membership of Saudi Arabia, Iran, Egypt, Ethiopia and the United Arab Emirates (UAE) during a Jan. 31 press briefing in the capital Pretoria. The five nations accepted the invitation …
BREAKING: Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates have confirmed they are joining the BRICS bloc, per Reuters. — unusual_whales (@unusual_whales) January 31, 2024 The decision of Saudi Arabia to join BRICS, along with Egypt, Ethiopia, Iran, and the United Arab Emirates, comes after an invitation extended in 2023. This move signifies …
The head of the Russian Central Bank, Elvira Nabiullina, stated in an interview for RIA Novosti yesterday that the BRICS states have overtaken the G7 in terms of share in global GDP in PPP terms. As new members have joined, the group’s share in global output rose from 31% to 35% as of the end …
by AC Noticed Canadian port workers on strike that help import/process sugar for Rogers. The conditions of the strike may seem unrealistic (?) and induced from the top down (?). Rogers asking workers, for example, to be open 24/7. Notice that there seems to be a media blackout on Rogers refinery/port strike. You only hear …
Saudi Arabia has officially joined BRICS. pic.twitter.com/jUYcVZ6Sy7 — Sprinter Press (@SprinterPress) January 2, 2024 https://twitter.com/SadikiMulisa/status/1742097999205900421
🚨BRICS DOUBLES OVERNIGHT Today, the UAE, Saudi Arabia, Ethiopia, Egypt, and Iran are officially members of BRICS. They join Brazil, Russia, India, China, and South Africa as a formidable economic powerhouse, representing 29% of global GDP and 43% of global oil production.… pic.twitter.com/1TAn5JIZtW — Mario Nawfal (@MarioNawfal) January 1, 2024 ENERGY, CURRENCIES AND CHANGE. 🌎2024: …
ENERGY, CURRENCIES AND CHANGE. 🌎2024: The year of change. 2024 is going to be a transformational year. Russia and China's energy trade is soaring. The two countries don't use the dollar anymore in trade and countries around the world are beginning to utilize local trade.… pic.twitter.com/vWLFE84tM1 — Gold Telegraph ⚡ (@GoldTelegraph_) December 31, 2023 Russia, …
via Naturalnews: It is time for all member nations of BRICS (Brazil, Russia, India, China, South Africa, Argentina, Ethiopia, Egypt, Iran, Saudi Arabia and the United Arab Emirates) to drop the United States dollar in favor of local currencies for financial relations and settlements, according to Russian Finance Minister Anton Siluanov this week, at the Russia-China Financial …
BRICS+ coming soon ! https://t.co/Cz0yMpENEM — T ⛩ てぃ (@TeongH_SR) December 26, 2023
BREAKING: A high-ranking member of Argentine President-Elect Javier Milei’s transition team officially announces that Argentina under Milei will reject the previous government’s agreement to join BRICS in January. 🇦🇷 pic.twitter.com/l8G9E3wsOs — Visegrád 24 (@visegrad24) December 1, 2023
BRICS gains increased significance in the global commodities landscape as they collectively contribute to 42% of global oil production, 68% of global coal production, and 38% of global natural gas production. In 2024, BRICS (Brazil, Russia, India, China, South Africa) is going to be joined by 6 nations, namely: 1. Iran2. Saudi Arabia3. UAE4. Egypt5. …
Former Speaker Kevin McCarthy did a deal with Biden to suspend the debt ceiling entirely until 2025. So there is no debt limit now. That is one of the reasons he was removed as Speaker. Conservatives felt that was crazy to allow Biden to borrow unlimited amounts of money for 18… — Wall Street Mav …
https://t.co/QExVpGvRNS — Win Smart, CFA (@WinfieldSmart) October 6, 2023