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…

The BRICS summit is scheduled to take place Aug. 22-24 in Johannesburg, South Africa with member nations Brazil, Russia, India, China and South Africa. Together, these nations account for 16 percent of international trade, a substantial portion of which is conducted in U.S. dollars. These countries want to decrease their dependence on the dominant U.S.…

In the seventh such incident following Russia’s withdrawal from the Black Sea Grain deal, a Russian drone carried out an attack on a Ukrainian port. Ukrainian authorities claim that Russian forces are intentionally targeting port facilities to block exports, posing a danger to food security in developing nations reliant on Ukrainian grain. This attack is…

After repeatedly churning out disappointing economic data, banks are slashing China’s growth outlook for 2023. Many economists now say the modest 5% growth target China set in March is now at risk, with JPMorgan Chase cutting its estimate to 4.8% and Barclays going down to 4.5%. The world’s second-largest economy cut two key policy rates…

Analysts are raising concerns about deflationary trends in China’s economy. Joe Biden, in fact, called the world’s second-largest economy a “ticking time bomb.” Recent data indicates a decline in consumer and producer prices for China in July. This is the first time since November 2020, when the COVID-19 pandemic was at its peak, that both…

Core inflation is cooling. Job growth is up, business investment is rising. There’s good economic news out there but the question is: Who gets the credit? President Biden is pointing to “Bidenomics” — his strategy of growing the economy “from the middle out and bottom up,” a departure from President Reagan’s “trickle-down” economics. Republicans like…