Economist Peter Schiff Warns US Will Default on Its Debt — Raising Debt Ceiling Will Make Problem Worse

Economist Peter Schiff has warned that the U.S. will default on its debt obligations. He further stressed: “All the bad stuff that they’re saying is going to happen if we don’t raise the debt ceiling is guaranteed to happen because we

Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar

Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources,…

China Warns of Global Financial Instability From US Economic Policies

China has urged the U.S. and other developed nations to assess the spillover effects of their economic and financial policies. “The economic and financial policies of the U.S. pose the biggest challenge to global financial stability,” according to the Chinese Ministry

Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

Bloomberg Intelligence’s senior commodity strategist, Mike McGlone, ha advertido que EE.. economy isheading towards a severe deflationary recession,” emphasizing that the Federal Reserve is still tightening. “Typically, when you have commodities collapsing at this velocity in the past, la…

BRICS De-Dollarization Push, Porcelana, and Crypto Threaten US Dollar’s Dominance: Analyst

Fitch Solutionsglobal head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s risingeconomic mightas key factors that erode the U.S. dollar’s dominance over time. He cautioned that China

Lagarde, presidenta del BCE, advierte sobre un “gran desastre” si Estados Unidos incumple sus obligaciones de deuda

Últimamente se habla mucho sobre Estados Unidos.. El techo de deuda del gobierno y si el Congreso actuará antes de incumplir el default.. En una entrevista reciente, Cristina Lagarde, el presidente del banco central europeo (BCE), dijo que confía en que EE.UU.. poder…

Former President Donald Trump Likens US Losing Currency War Against China to America Losing a World War

Former U.S. President Donald Trump has warned that the U.S. losing a currency war against China would be like America losing a world war. “We’ll be a second-tier country,” Trump cautioned, adding that the U.S. dollar iswhat makes us powerful

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 the visit of President Luis InacioLulada Silva to China. The settlement, which was processed by the

Analysts Weigh In on BRICS Currency as Tool to Face US Dollar-Based Sanctions

Analysts have begun considering using a future BRICS currency to sidestep U.S. sanctions and the dollar’s influence in international markets. While the rise of the U.S. dollar was significant to spur an era of economic growth after World War II, la…

Peter Schiff dice que la crisis bancaria no ha terminado, Se avecina una crisis financiera mucho peor: advierte sobre una recesión “masiva”

El economista Peter Schiff ha advertido que la actual crisis bancaria es la cúspide de una crisis financiera mucho peor.. “Se pondrá mucho peor si intentas ignorarlo.,” el esta estresado. Citando a la Reserva Federal…