SCO & BRICS latest news and insights
By Rhod Mackenzie
Back in 2022 the decrepit and senile old fossil that was the President of the United States in his announcement of shock and awe sanctions on Russia sais that the he would destroy the Russian economy and turn the Russia currency the Ruble in to Rubble. We that did not work out al...
It is widely acknowledged and also anticipated that Trump will begin to exert economic pressure on China at the beginning of his second term, as evidenced by his appointments to key posts in his administration and the experience that he has gained over the previous four years. However, despite its...
Prior to even taking up residence in the White House, Donald Trump the new-old US president has made the statement that is tantamount to declare a currency and trade war with the countries who are members of the BRICS countries. I know Trump is used to making outlandish and outragious statement bu...
By Rhod Mackenzie
The introduction of new US sanctions on trading the dollar and euro did not result in a significant level of panic among either the general public or businesses. The announcement of the sanctions on the weekend of 12 June, coupled with the Central Bank's subsequent reassurances,...
By Rhod Mackenzie
The petrodollar agreement between Saudi Arabia and the United States, signed in 1974, has now expired. This will enable Saudi Arabia to sell its oil and other goods not only in US dollars but in other currencies, according to media reports. Lets look at why the Saudis entered in...
If the dollar and the international monetary system collapse, the BRICS countries will be able to offer an alternative. Alexey Mozhin, Executive Director for Russia at the International Monetary Fund (IMF), said on 3 May.
"Much is now being written about the shortcomings of the current system. Mor...
