There’s no doubt that BRICS’ planned creation of a new reserve currency will accelerate de-dollarization processes and advance financial multipolarity, but that’s very different from the dollar’s death that many folks prematurely predicted. Duma Deputy Chairman Alexander Babakov’s remarks last week in Delhi during the Russian-Indian Business Forum about BRICS’ new currency project sent shockwaves…
This article takes a tilt at increasing speculation about statist global resets, and why plans such as those promoted by the World Economic Forum will fail. Central bank digital currencies will simply run out of time. Instead, the collapse of unbacked fiat currencies will end all supra-national government solutions to their policy failures. Already, there…
Rumors have it that the remaining months of 2020 may bring drastic and explosive changes in the world’s financial system. But such “doomsday” rumors have been floating around every beginning of fall during the last few years. Why? – The US dollar is getting weaker and weaker. It is not quite on a free fall,…
Like it or not Stephanie Kelton is an economist whose ideas are making a huge splash in the world of economic thinking. She currently serves as a professor at Stony Brook University but more notably served as the Chief Economist on the Senate Budget Committee as well as the senior economic advisor to the Bernie Sanders presidential…
When the Federal Reserve cut interest rates on July 31st for the first time in more than a decade, commentators were asking why. According to official data, the economy was rebounding, unemployment was below 4%, and GDP growth was above 3%. If anything, by the Fed’s own reasoning, it should have been raising rates. The…
The only monetary system in which government cannot manipulate a national currency is when the foundation of a country’s monetary system is that of sound money. In reality, this means a classical gold or silver standard as real money backing a state issued currency with the full legal availability of gold and/or silver coins for…
