Last summer I gave a talk on dedollarization, and as customarily occurs a question and answer session followed. Most of the queries and comments focused on the outlook for the dollar, prospects for gold and Bitcoin, and the comparative...
Upping the ante following the initial weaponization of the dollar in 2022, the United States and a number of allied nations have agreed in principle to begin distributing profits on seized Russian assets to Ukraine.
n December 2020, half a year into the pandemic, the Swiss National Bank (SNB) received a call from the US Treasury Department. For years, the US had accused Switzerland of monetarily steering the franc (CHF) to create “unfair” advantages...
Treasuries, exchequers, ministries of finance, central banks, currency boards, and other economic authorities worldwide are in a mad rush to develop central bank digital currencies (CBDCs). According to the Atlantic Council, 130 countries...
Economic fallacies are a booming business in an inflationary era. Recent attempts to promote the idea that corporations raised prices in the pursuit of higher profits, creating the last three years’ inflation, are not new.
The 15th BRICS Summit ended on August 24th, as expected, with new member states. The core members (Brazil, Russia, India, China, and South Africa) were joined by Saudi Arabia, United Arab Emirates, Iran, Egypt, Ethiopia, and Argentina....
The much anticipated 15th BRICS (Brazil, Russia, India, China, South Africa) Summit has begun in Johannesburg, South Africa. As expected, a central topic is challenging the global dominance of the dollar in international business and trade.
From August 22 through 24th, an extended coalition of over 40 nations which has become known as BRICS+ will meet in Johannesburg, South Africa. Among the likely topics of discussion is the feasibility of setting up a jointly-owned...