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Tag: BRICS

BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds

The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S. dollars (USD). Proceeds from the...

Financial Analyst Charles Nenner Warns About the End of the US Dollar and Its Consequences

Charles Nenner, a financial analyst that served as head of market timing for Goldman Sachs for more than a decade, has warned about the...

BRICS Nations Buying Massive Amount of Gold Ahead of Plan To Dethrone US Dollar

A group of economically-aligned nations are purchasing massive amounts of gold as they prepare to end their reliance on the U.S. dollar. According to a...

Will BRICS New Currency Overtake the US Dollar Dominance?

BRICS countries are expected to eventually surpass the G7 countries. BRICS dominance reached nearly 35% in five years. This year has seen a lot...

Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News

This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures...

Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed

Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of...

Brazil’s President Lula Urges Developing Countries to Abandon Dollar as Global Reserve Currency

According to Brazil’s president Luiz Inácio Lula da Silva, developing countries should abandon the U.S. dollar and strengthen their own national currencies. During...

Roubini: We’re Shifting to ‘Bipolar’ Global Reserve Currency System With Chinese Yuan as Alternative to US Dollar

Economist Nouriel Roubini, also known as “Dr. Doom,” predicts that the global reserve currency system will shift from unipolar to bipolar. He expects...

Economic Power Shift: BRICS Nations Outpace G7 in Global GDP

BRICS countries have surpassed the G7 nations in economic growth. The BRICS countries currently account for roughly 31.5% of the global GDP. G7 countries...

Billionaire Chamath Palihapitiya Calls Trend of De-Dollarization a Huge Nothingburger – Here’s Why

Billionaire venture capitalist Chamath Palihapitiya believes that the emerging trend of large economies moving away from the US dollar to settle trades is nothing...

Economy May Be Better Off Without Cryptocurrencies, Economist Argues: Bitcoin And Other Cryptos Are ‘A Negative-Sum Game’

Cryptocurrencies have grown into a world phenomenon, garnering consideration from traders, economists, and governments. As the recognition of digital currencies like Bitcoin BTC/USD and...

Latin America’s Largest Investment Bank Launches Dollar-Pegged Stablecoin

BTG Pactual announced the launch of BTG Dol on April 4. According to the investing firm, it is the world’s first...

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