Archives Financial sphere - Page 2 of 2 - New Eastern Outlook

The dominance of the US dollar in the global economy continues to wane quietly but relentlessly as many countries actively seek other currencies. First and foremost, they are the BRICS nations of Russia, China, India, Brazil, and South Africa. Although it appeared to be only a few countries, the total population is over 3.23 billion, accounting for more than 40% of the world’s population.  Between 2000 and 2026, the BRICS population is expected to grow by 625 million people, most of them in India and China.  By 2020, the BRICS countries’ total GDP was 25% of the global (21 trillion dollars), and their share in international trade was about 20% (6.7 trillion dollars)…

Scarcity and who is getting rich from it is the only geopolitical question that matters today. The proxy military actions in Ukraine are all over the news. Of course, it is. Death, destruction, and war machines have always been popular entertainment. The real war, the battle waged by the elites on us all, is the important story that’s never told. Here, fellow citizens of Earth...

The US dollar, as the international reserve currency, has long served as an essential medium of exchange between countries with different national currencies. To fulfil this role, a reserve currency needs to be stable, safe and easily accessible to all countries. In the 20th Century, the dollar’s international status caused it to grow in value, enabling the US to bear huge levels...