BRICS Push For Own Metals Exchange Threatens Dollar Supremacy
The BRICS alliance has announced plans to establish a new precious metals exchange designed to rival existing Western-based pricing systems.
Read more
De-Dollarization
Is De-dollarization Already Here?
The dominance of the US dollar as the primary global reserve currency faced a significant setback last year, declining at
Read more
Is Russia’s Single Currency BRICS on the Brink of Failure?
The ambitious vision of a “single currency BRICS” championed by Moscow to challenge the dominance of the dollar and bypass
Read more
Iraq’s Central Bank Announces Major Boost to National Gold Reserves
The Central Bank of Iraq (CBI) has announced that the country’s gold reserves have risen to over 132 tons. This
Read more
Chinese Yuan Overtakes US Dollar On Russian Stock Market For First Time Ever
The Chinese yuan continues to push the US dollar out of the Russian stock market, becoming the most traded currency
Read more
No More US Dollar: PBOC Is Setting Up Yuan Clearing Arrangements With Brazil
In the latest blow to the US dollar, the Chinese central bank is preparing to set up a yuan payment
Read more
People’s Bank of China Adds 15 Tonnes Of Gold To Reserves
China’s central bank bought even more gold last month, as it looks to strengthen the yuan and ditch the US
Read more
Nouriel Roubini Joins Zoltan Pozsar In Seeing Renminbi Threatening US Dollar’s “Exorbitant Privilege”
Atlas Capital Team chief economist Nouriel Roubini did not hold back in characterizing the threat the Chinese yuan poses to
Read more
Global De-Dollarization Trend to Push Central Bank Gold Demand to Record Highs
As the pandemic continues to ravage the US economy, the Federal Reserve has tightly adhered to an unlimited money printing
Read more