Brazilian officials dismissed U.S. President-elect Donald Trump’s proposed 100% tariffs on BRICS countries as unlikely, characterizing them as rhetoric rather than actionable policies. The Brazilian foreign ministry referenced Trump’s prior unfulfilled tariff threats against China, Mexico, and Canada during his first term. Officials under President Luiz Inacio Lula da Silva described the remarks as provocations […]
South Africa has denied reports that the Brazil, Russia, India, China and South Africa (BRICS) economic bloc is planning to create its own currency. Trump Demands BRICS Nations Shun Alternative Currencies Rattled by U.S. President-elect Donald Trump’s 100% tariff threat, South Africa has dismissed as false reports that the BRICS economic bloc is planning to […]
President-Elect Trump has threatened countries of the BRICS bloc leaving the dollar standard with 100% tariffs, applying the same playbook implemented against China, Mexico, and Canada. Trump remarked the U.S. would not stand and watch the bloc replace the dollar. Trump to Close U.S. Markets for BRICS Countries, Announces 100% Tariffs for Abandoning the Dollar […]
In a world where state-backed currencies fund wars, inflate economies and deplete savings, digital alternatives like bitcoin offer a compelling ethical choice. By removing money from government control, bitcoin presents a route toward a freer and more just society. The Flaws of Fiat Currencies Government-issued fiat money, which lacks intrinsic value, is often manipulated through […]
A Fellow at the Carnegie Russia Eurasia Center and former adviser at the Central Bank of Russia has weighed in on the digital ruble, Russia’s central bank digital currency (CBDC), highlighting its potential role in reshaping Russia’s financial landscape amid sanctions. While the digital currency could offer new avenues for trade and reduce reliance on […]