The Trump administration’s announcements of a 10 percent tariff on Chinese imports and 25 percent tariffs on goods from Mexico and Canada (all currently in some holding pattern) have led to considerable volatility in stock and foreign...
US President Donald Trump has proposed supplying Ukraine with ongoing military aid in exchange for access to its abundant reserves of rare earth minerals — elements critical to high-tech industries and defense applications. This proposal...
Gold has surged to a new all-time high, breaking through $2,911.72 per ounce on a thick mix of domestic and foreign uncertainty, inflation concerns, and a shifting macroeconomic landscape. While bullion has historically served as a safe-...
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.