Finance expert Henry C. Johnston debunks rumors about a supposed U.S.-Saudi oil contract expiring, which some claimed would spell the end of the petrodollar system. Instead, he explains that the real shift is happening due to new economic alliances among BRICS nations, especially China, Russia, and India, who are trading
In a dramatic turn of events, Bolivia’s former top military leaders, General Juan Jose Zuniga and Vice Admiral Juan Arnez have been arrested for masterminding a coup attempt. Charged with terrorism and armed uprising, their plan to prevent former President Evo Morales from running in 2025 fell apart. Interior Minister
In a dramatic turn of events, Bolivia’s recently dismissed Army commander, General Juan José Zúñiga, threatened to overthrow President Luis Arce, demanding a new cabinet and the release of political prisoners. Zúñiga, claiming to act against former President Evo Morales’s potential return, led troops and tanks to occupy key government
On the ECB blog, Piero Cipollone intensified his claims that BRICS is “fragmenting” the global monetary system. Cipollone highlighted how countries like China, Iran, and Russia are creating alternative payment systems, disrupting global financial efficiency. The European Central Bank (ECB) official Piero Cipollone, who previously declared that inflation is caused
The US needs to win the Gaza War to destabilize BRICS to carry on with the India-Middle East-Europe Economic Corridor (IMEC) proposal presented in September at the G20 meeting in New Delhi. Veteran geopolitical analyst Pepe Escobar told the New Rules program that the Biden administration needs an Israeli win
The BRICS countries have been pursuing a wide range of initiatives to decrease their dependence on the dollar, raising the question of how long the dollar will last as the world’s default currency. Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may
Professor and economist Richard Wolff said that BRICS expansion goes hand in hand with de-dollarization and the decline of the ‘US empire’. The expansion of the BRICS group of emerging economies has coincided with the US dollar’s loss of dominance as the world’s reserve and trade currency. Professor and economist
French newspaper L’Opinion reported that French President Emmanuel Macron has asked for an invitation to the BRICS Summit. French President Emmanuel Macron has asked South African President Cyril Ramaphosa for an invitation to the upcoming BRICS summit in Pretoria, French newspaper L’Opinion reported on Monday. Macron’s recent attempts to win
The US attempts a ‘divide and conquer’ strategy against BRICS by undermining the BRICS and the Shanghai Cooperation Organization (SCO) from the inside. Something extraordinary, at least on the surface, happened on the sidelines of the Shangri-La Dialogue in Singapore earlier this month – a somewhat pompous affair self-described as