Attention Economy


Friday, November 1, 2024

BRICS and the Dollar Standard

The West will pay a steep price if it ignores BRICS countries
https://www.newstatesman.com/international-politics/geopolitics/2024/10/west-will-pay-steep-price-ignores-brics-countries
If the global bloc can successfully ween itself off the US dollar, we will enter a new global order.

Gold’s mystery rally is a forewarning of fiscal ruin and global dystopia
https://www.telegraph.co.uk/business/2024/11/05/golds-mystery-rally-forewarning-fiscal-ruin-global-dystopia/


China’s forex reserves should move away from US dollar to curb risks: economist Zhang Ming
https://www.scmp.com/economy/china-economy/article/3284850/chinas-forex-reserves-should-move-away-us-dollar-curb-risks-economist-zhang-ming
‘Possible future sanctions from the US’ under a new US president have set off alarms in Beijing’s policy circles
 
Beijing urged to offer more yuan loans overseas to help dethrone US dollar
https://www.scmp.com/economy/global-economy/article/3284809/beijing-urged-offer-more-yuan-loans-overseas-help-dethrone-us-dollar
National Academy of Development and Strategy says China should be main source of liquidity for developing countries