Brazil, Russia, India, China, and South Africa held the BRICS Summit from Aug. 22-24, hoping to reduce the world’s reliance on the U.S. dollar. Although some incremental strides might have been achieved in this direction, a more significant development revolves around the bloc’s outreach to six new countries. Straight Arrow News contributor Peter Zeihan explains why the inclusion of Iran,…

Yevgeny Prigozhin may be dead, but Wednesday, Aug. 23 was a good day for Ukraine. The Ukrainian armed forces took out a major missile installation in Crimea. Prigozhin’s reported death marked the second occasion in the mercenary’s time on Earth when he reportedly died in a plane crash. The first happened in the Congo in…

Two months after his involvement in an armed mutiny against Russia’s military leadership, Yevgeny Prigozhin is presumed to be dead. The leader of the Russian mercenaries, known as the Wagner Group, was reportedly on the passenger list of a plane that crashed in Russia. It is yet to be verified whether Prigozhin had indeed boarded…

The first GOP presidential debate is in the books, with former President Donald Trump as a notable absence. This story highlights the Morning Rundown for Thursday, Aug. 24, 2024. The eight candidates who took center stage on Wednesday night, Aug. 23, took hard stances on issues like abortion, the war in Ukraine and former President…

Call it a sign of the times for the Russian economy. A shopping mall is being turned into a factory to make kamikaze or suicide drones. At the same time, teenagers are being forced to build the weapons of war. Russia is using unmanned aerial vehicles like the Lancet and Shahed-136 in Ukraine to a…

Two months after Yevgeny Prigozhin led his mercenaries in an armed mutiny against Russia’s military leadership, the head of the Wagner Group appeared to be in Africa. The on-again, off-again Putin ally was back to his old ways of using social media to further the Russian cause. In the video, translated by Reuters, Prigozhin said,…

The latest swell of dedollarization really gained steam after the U.S. levied harsh financial sanctions against Russia for invading Ukraine. Russia, its allies and economic partners have gone as far as discussing creating a brand new currency to combat dollar dominance. As the current world reserve currency, the U.S. dollar is at the center of…

The U.S. dollar has been the world’s dominant reserve currency for as long as most people alive can remember. Dedollarization talk in the past has never amounted to much, but with renewed calls to dedollarize, is king dollar about to lose its reign? I should say never is a very long time. I shouldn’t say…

The U.S. dollar’s global dominance has been a sure thing for about a century. Now emerging economies are looking to dethrone it. Foreign ministers from Brazil, Russia, India, China and South Africa, nations known collectively as BRICS, have recently discussed using alternative currencies to challenge U.S. global influence. Representatives from the bloc gathered in Cape…

Is the U.S. dollar really at risk of losing its reserve currency status? Dedollarization talks are heating up as more countries look to cut the U.S. dollar out of trade transactions. What would a move away from the U.S. dollar mean for the U.S. economy and what currency could replace it? Geopolitical strategist Peter Zeihan…