Economics

Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency

The percentage of reserves held in U.S. dollars by central banks has… More…

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White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within

In a congressional hearing, White House economist Jared Bernstein… More…

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Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration

Russian President Vladimir Putin and Saudi Crown Prince Mohammed… More…

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Bank of Russia Has Stockpiled Reserve Comprised of Non-US Sanctioned Assets, Governor States

Elvira Nabiullina, governor of the Bank of Russia, has affirmed the… More…

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Arkansas Makes Gold, Silver Legal Tender; 23 States Involved in Similar Legislation to Establish US Dollar Alternatives

A bill signed into law on April 11 has made gold and silver legal tender… More…

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Iranian Professor: Saudi Arabia May Join De-Dollarization Shift as US Dollar Is Now ‘Unreliable and Dangerous’

A University of Tehran professor and member of Iran’s Presidential… More…

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Commodity Strategist Warns US Economy Heading Toward ‘Severe Deflationary Recession’

Bloomberg Intelligence’s senior commodity strategist, … More…

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Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says

Fewer nations are willing to hold the U.S. dollar as America’s share… More…

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Russian Foreign Minister Sergey Lavrov Explains ‘Multipolar’ World View in Brazil

Sergey Lavrov, the Russian foreign minister, started his tour of … More…

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Strategists: US Dollar’s Reserve Currency Status Eroding at ‘Alarming Pace’

Asset management firm Eurizon SLJ’s strategists have warned that… More…

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