Search Results for: eroding

World’s Largest Regional Organization to Switch to Settlements in National Currencies

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A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to consider a…

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

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Fitch Solutions’ global head of country risk has named the rising adoption of cryptocurrencies, the de-dollarization efforts by the BRICS countries, and China’s rising “economic might” as key factors that erode the U.S. dollar’s dominance over time. He cautioned that China…

Burry panganduskriisi kohta, Kiyosaki hoiatab "võltsraha" süstide eest; Jutt "Krüptovastasest" tegevuskavast allkirjade panga kokkuvarisemise taga – nädala ülevaade

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Spekulatsioonid ja arutelud jätkuvad praeguse ülemaailmse pangandusprobleemi ümber. Riskifondide juht Michael Burry, kes on tuntud 2008. aasta majanduskriisi ennustamise poolest, võrdleb paanikaga 1907, samas kui Rikas isa Vaene isa autor Robert Kiyosaki…

US President Biden Nears Decision to Choose Fed Chair — Reports Indicate Toss-up Between Powell and Brainard

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Following the passing of the Biden administration’s infrastructure bill, USA. president appears to be nearing his decision on whether or not he will reappoint Jerome Powell, the current Federal Reserve Board chairperson. According to a few reports Powell may be…