Tag: BRICs
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BRICS’ Ambitious Plan for a New Global Currency System: What It Means for Investors
The global economic landscape is on the brink of a significant shift as BRICS, the economic alliance comprising Brazil, Russia, India, China, South Africa, and several new members, explores the creation of a new currency system. This initiative aims to challenge the dominance of the U.S. dollar in international trade and finance. As BRICS seeks…
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The New Money Revolution: What If BRICS Nations Offloaded U.S. Debt?
In the evolving financial landscape, one question looms large: What would happen if the BRICS nations—Brazil, Russia, India, China, and South Africa—decided to collectively offload their holdings of U.S. debt? With de-dollarization and economic independence from Western financial systems becoming core strategies for these nations, this hypothetical scenario could have significant repercussions for the U.S.…
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BRICS Nations to Challenge US Dollar Dominance with New Currency and Blockchain Payment System
The BRICS nations—Brazil, Russia, India, China, and South Africa—have announced ambitious plans to introduce a new currency aimed at reducing the dominance of the US dollar in global trade and finance. This move could have far-reaching implications for international markets and investors. Here, we delve into the key details of this groundbreaking development. BRICS Currency…
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Why the mBridge Will Ultimately Fail: The Incompatibility of Communism and Capitalism
In the rapidly evolving landscape of global finance, the mBridge initiative, aimed at fostering cross-border payments between countries with different economic ideologies, stands as a bold experiment. This digital currency bridge, developed by central banks from China, Hong Kong, Thailand, and the United Arab Emirates, seeks to streamline and secure international transactions. However, despite its…
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BRICS Foreign Ministers’ Joint Statement: Implications for Global Investors
In a recent press release, the BRICS Ministers of Foreign Affairs/International Relations released a joint statement outlining their collective stance and strategic direction. This announcement holds significant implications for global investors, especially those with interests in emerging markets and international investments. As the BRICS nations—Brazil, Russia, India, China, and South Africa—continue to collaborate and assert…
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Navigating the Waters of De-Dollarization
China’s Digital Yuan and the Shifting BRICS Dynamics In a landmark move, China has successfully completed its first cross-border oil transaction using the digital yuan, marking a significant milestone in the ongoing global trend of de-dollarization. This development has been further accentuated by the recent inclusion of Saudi Arabia and the United Arab Emirates (UAE)…
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BRICs vs USD, BIS, IMF, CBDC or Gold Backed Currency
If Brazil, Russia, India and China sold U.S. Bonds If Brazil, Russia, India, and China (BRICs) sold U.S. bonds, it would likely have a significant impact on the global financial markets and the U.S. economy. U.S. bonds are a form of debt that the U.S. government issues to borrow money from investors, including foreign governments.…