On November 30, 2024, US President-elect Donald Trump threatened the BRICS nations – Brazil, Russia, India, China, South Africa, Iran, Ethiopia, Egypt and the United Arab Emirates, as well as other states in the process of joining – with 100% tariffs on their exports to the US if they dare to attempt to replace the …
Tag: China
China is turning its economy into a war economy to achieve global domination
Drones have already become a primary weapon, capable of taking out soldiers and tanks, as well as helping to spot artillery fire and provide a standard method of battlefield reconnaissance. Electronic warfare — the use of EM signals to disrupt drones’ communication with their pilots and GPS satellites — provides some protection against drones for …
Tariffs, the destructive currency war between China and the US and the “strong dollar”
Beijing has a powerful tool to respond to President-elect Donald Trump’s threatened new tariffs on Chinese goods: it could launch a currency war, a step that carries dire risks for both China and the United States — and certainly for the global economy. Depreciating the value of China’s currency, the yuan, against the dollar would …
Currency War: Why It’s Not Time to Short the Yuan?
As the “Trump trade” returns – again – fueling concerns of new geopolitical turmoil, hedge funds worldwide are scrambling to short the Chinese yuan. They are betting that Trump’s tax and trade policies, if elected, will strengthen the dollar, with China seeking a more competitive exchange rate as domestic growth slows. But if the last …
Global economic turmoil and geopolitical crisis since the Chinese recession
China is teetering on the brink of recession — excluding the Covid era, for the first time since 2008 — as new data showed industrial production shrank for a fourth straight month while new orders data was particularly weak. The above data are indications that China’s economic model, which was based on Simply put, weak …
Currency War Intensifies – The Cheap Yuan and Why Secondary Sanctions Scared China
The battle that will not decide the outcome of the currency war – Why did China’s banks comply with the sanctions? With the threat of secondary sanctions keenly felt by Chinese banks, Washington appears to be temporarily winning a battle – but in an economic war it is decisively losing. The resilience of the Russian …
Russia gets Crypto Exchanges to Trade Digital Yuan – de-Dollarization as Ultimate Goal
Russia has announced plans to create two state-owned cryptocurrency exchanges aimed at making digital payments for international trade transactions. US sanctions have led Russia to seek alternative payment methods to keep its economy stable. The two cryptocurrency exchanges will operate in two different cities, one in Moscow and the other in St. Petersburg. Additionally, BRICS …
Barter Economy between Russia-China to Defeat Western Sanctions
The war in Ukraine after the Russian invasion has been going on for more than 900 days, and since then, China and Russia have strengthened their economic and defense ties. Under the radar of the West, however, economic relations could expand even further in the future – with the help of an old (as old …
China is already 33% larger than the US in terms of GDP (including shadow economy), while India is also threatening
China’s GDP is already significantly larger than the US economy, contrary to official figures given by governments or organizations such as the World Bank and the International Monetary Fund (IMF), which do not include important parameters such as the “black economy” or the measurement of GDP in purchasing power parity terms. Translating the following into …
US vs. China: Bitcoin will become the new global reserve currency
In an era characterized by global economic instability and high political uncertainty, the idea of a new world order in the financial sector is gaining more and more ground. Now, there are questions about how this new world order will take shape. The dollar has long held this position, but its reign is increasingly being …