Independent thinking for complex markets and current events
by Michael The next stage of the Big Middle East War has begun. On Monday, IDF troops crossed the border and entered southern Lebanon. Over and over again, Hezbollah has stated that there will be “all-out war” if this happens. So now we will watch and see what happens in the coming hours. Will Hezbollah …
Want change? Help consumers “This economy has many deep, structural, fundamental problems that cannot be turned around just simply by a stimulus package,” Tianlei Huang told Business Insider. “I think it’s probably a bit too early to celebrate.” The Peterson Institute for International Economics research fellow explained that Tuesday’s stimulus boost will be offset by …
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 …
A harbinger of China’s economic decline is back. The rate of urban youth unemployment has been a commonly-cited gauge of the country’s financial stability. Last year — amid a stagnating economy and slackening labor market — it reached record highs. In June 2023, the percentage of jobless 16- to 24-year-olds hit a peak of 21.3%. …
UNITED NATIONS (AP) – A high-powered U.N. advisory body said Thursday that global governance of artificial intelligence is “imperative” and urged the United Nations to lay the foundations for the first inclusive global institutions to regulate the fast-growing technology. In a 100-page report, the group said AI “is transforming our world,” offering tremendous potential for …
Data source: Bolt and van Zanden – Maddison Project Database 2023 Note: This data is expressed in international-$ at 2011 prices. OurWorldInData.org/economic-growth | CC BY h/t ProfessorOfFinance
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/
We already know that Americans are fleeing blue states and cities in droves and searching for greener pastures in places like Texas, Tennessee, Utah, and Idaho. We also know that in 2020, California saw its first net population decline since 1850 as residents flee high taxes, woke dictates, and exploding crime. We regularly read about formerly great …
This is the president of the nation's largest teachers union. Insane. pic.twitter.com/jepTF9jxEr — Corey A. DeAngelis, school choice evangelist (@DeAngelisCorey) July 7, 2024 HAIRDON'T? The unhinged teachers union president, Becky Pringle, spent $8,500 of NEA union dues on three days of hairstyling. h/t @DeAngelisCorey pic.twitter.com/zrf7mkNrzH — @amuse (@amuse) July 9, 2024 The unhinged teachers union …
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 …
https://www.youtube.com/watch?v=yOT2ScMBS6I The concept of de-dollarization has gained traction in recent years. Let’s explore what it means and its potential implications: What is De-Dollarization? De-dollarization refers to the process by which countries seek alternatives to the U.S. dollar (USD) as the primary global reserve currency. It involves reducing reliance on the dollar for international trade, financial transactions, and …
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 …
https://twitter.com/newstart_2024/status/1797324206671114697
Today it costs more to buy a Big Mac in developed countries than most emerging markets or less developed economies. The last time we observed a similar phenomenon was in the early 2000s when emerging markets’ investments significantly outperformed developed markets. One of the main reasons for this is that the performance of less developed …
This week, we learned: • The United States plans to issue a bond backed by profits from frozen Russian assets. • Russia has seized €700 million of assets from three Western banks. • Russia and Iran are collaborating on creating a single BRICS currency. • Putin and Xi… pic.twitter.com/LqrXx9VMXv — Gold Telegraph ⚡ (@GoldTelegraph_) May …
And what happens when home values go down? No way to refinance and no way to sell without coming up with tons of cash out of pocket. In the last crash, it took over ten years for home values to recover. pic.twitter.com/f881uraBO0 — Mike Roberts (@MyHECM) May 17, 2024 In a shocking move that could …
Concerns arise over the global monetary system’s stability amidst geopolitical tensions and the risk of a dollar collapse, prompting nations to explore alternative currencies and localize trade. Financial warfare escalates, with countries like Russia and China strengthening ties and seeking to reduce dependency on the dollar. One needs to take long-term forecasts with a pinch …
The United Nations has delivered more than $2.9 billion in cash to Afghanistan since the Taliban seized control, resulting in the flow of U.S. funds to the extremist group, according to a recent government report. The U.N. deposits the cash into a private Afghan bank and disburses funds to the agency’s aid organizations and nonprofit …
Conducted on the strength of Article 51 of the UN Charter pertaining to legitimate defense, Iran’s military action was in response to the Zionist regime’s aggression against our diplomatic premises in Damascus. The matter can be deemed concluded. However, should the Israeli… — I.R.IRAN Mission to UN, NY (@Iran_UN) April 13, 2024 Any nation that …
The age of overpopulation is over. The age of underpopulation is here. After decades of warnings and fear about an overpopulation crisis, population is now rapidly declining in most of the world. The overpopulation disaster predicted by world elites did not occur. Total fertility rate is the average number of children born per woman. Demographers …
Russia is reportedly set to establish total control over Kharkiv & Odesa amid a mega blitzkrieg. Russian diplomat made a big claim about panic among western nations over Moscow’s win. “Embassies In Kyiv Are Asking Citizens To Leave Kharkiv, Odesa,” said Konstantin Gavrilov, head of Russian Delegation to the Vienna negotiations on military security and …
Guterres said the transatlantic slave trade “laid the foundations for a violent discrimination system based on white supremacy.” “We call for reparatory justice frameworks to help overcome generations of exclusion and discrimination,” the U.N. chief said. Experts say at least 12.5 million Africans were kidnapped, forcibly transported by European ships and merchants, and sold into …
The International Maritime Organization held its latest round of negotiations to discuss how to move forward on the climate regulation of the shipping industry. Campaigners said growing support for the world’s first-ever global emissions levy meant it was now more likely to be adopted by the IMO next year. “The UN is on the edge …
(March 3, 2024 / JNS) More than 8,000 plaintiffs, including 1,500 dual American-Israeli citizens and 6,500 Israelis, have filed a lawsuit in the United States District Court for the District of Columbia demanding permanent defunding of the United Nations Relief and Work Agency for Palestine Refugees in the Near East (UNRWA). The plaintiffs are represented by …
BEIJING (AP) — The former chairman of the Bank of China has been indicted on bribery charges, prosecutors said Monday, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping’s yearslong anticorruption drive. Liu Liange is accused of taking advantage of his positions at the …
The troubles with CRE are by no means limited to the US. Real estate is the industry accounting for the largest amount by far of distressed bonds and loans globally, much of it from China which has been in a property downturn for more than three years. Distress has also spread to Germany and the …
via NYP: In 2021, early on in America’s historic border crisis, I wrote that the United Nations was abetting the problem by handing out debit cards and cash vouchers to aspiring illegal border crossers on their way north. One outraged group of 21 border security-minded lawmakers pitched a bill that would require the United States, …
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 …