The UK is doing a better job of curbing inflation than the U.S. ever can
Britain is edging ahead of the United States in taming inflation, signaling a potential earlier relaxation of interest rates by the Bank of England (BOE) compared to the U.S. Federal Reserve. This week’s forthcoming UK data is anticipated to confirm that the Consumer Prices Index (CPI) in March has continued its downward trajectory, while unemployment […]
America is losing its global influence to the BRICS faster than we expected
BRICS is now the big boss in managing trade, commerce, and payment settlements across the developing world, showing the US the exit door in these regions. The once formidable grasp of the US among non-Western countries is slipping, and BRICS is filling up this power vacuum fast. It’s the only game in town seriously challenging […]
U.S. and India’s friendship gets serious – Where does this leave BRICS?
Looks like India’s been sneaking away from the BRICS playground and cozying up to the U.S. for a while now. Guess who called it? Yep, everyone with two eyes and a newspaper. Economic trends are flashing signs all over the place, with both Uncle Sam and India pumping up the momentum. And yep, that could […]
China’s yuan overtakes United States’ dollar in global markets
The tussle over global currency dominance has ramped up, with the Chinese yuan charging ahead of the US dollar. The yuan is making significant strides, especially in central and offshore financial dealings within Russia, hinting it might soon outshine the US dollar. Yuan Gains Ground in Russia According to a Reuters report, the yuan has […]
Mexico’s peso continues to outperform US’s dollar
The Mexican peso is turning heads and wallets alike as it climbs the ladder of global currencies, leaving the US dollar grappling with its depreciating charm. Recent trends showcase the peso’s rapid appreciation against a backdrop where the US dollar has been losing ground, marking a shift in economic dynamics that could redefine financial power […]
The U.S. and UK financial markets are not the same – they will never be the same
When you lay out the economic landscape across the Atlantic, you’ll quickly notice the U.S. and the UK are playing entirely different games in the financial markets. Despite some superficial similarities in market trends, such as interest rates, the core dynamics diverge sharply. Differing Directions in Monetary Policy Recent shifts in financial forecasts have brought […]
Iran picks new fight with U.S. over oil trade – as it should
Iran’s decision to potentially close the Strait of Hormuz has thrown a new twist into Middle East geopolitics. The Strait is a major global oil passage, facilitating a massive 20.5 million barrels of petroleum products each day. Iran’s action stems from mounting concerns about regional threats, particularly due to Israel’s activities in the UAE and […]
Robert Kiyosaki says U.S. is going bankrupt and stocks will crash
Robert Kiyosaki, the mind behind the ‘Rich Dad, Poor Dad’ series, recently dropped a bombshell on social media, warning that America’s economic days in the sun might be numbered, thanks to a looming, colossal market crash. He said that the U.S. is on a fast track to financial ruin, with debt skyrocketing and the economy […]
U.S. claims Russia is using Tether to evade sanctions – Uh…
Kicking things off with a no-nonsense alert, the U.S. Treasury’s Wally Adeyemo has sounded the alarm loud and clear. Apparently, Russia’s been getting reeeaaally cozy with the cryptocurrency industry to dodge sanctions. And not just any crypto – I’m talking Tether, the stablecoin that’s as steady as a rock. A personal favorite. This move is […]
U.S. transfers $2b in Bitcoin from Silk Road to Coinbase
The U.S. government has kicked up a storm by transferring a whopping $2 billion worth of Bitcoin, originally nabbed from the notorious Silk Road, over to Coinbase. This transaction is a massive wave making its way through the crypto community, and here’s the lowdown on how it went down. Let’s cut to the chase. We’re […]
Exactly how will the U.S. be affected when BRICS completely ditch dollar?
It is not a hidden fact that the BRICS nations are on a mission to dramatically change our global economic balance. Their goal is to end the reign of the U.S. dollar as the king of international trade. By making trades in their local currencies, they plan to boost their own economies and reduce reliance […]
Crypto tax season update: Guidance for Americans on filing taxes
The IRS is shining a spotlight on cryptocurrency enthusiasts and occasional dippers alike this tax season. Gone are the days when you could vaguely mention your digital endeavors; now, the taxman demands clarity. The Form 1040—your golden ticket to tax compliance—kicks things off with a nosy inquiry about your dealings in digital assets, signaling a […]
UK and U.S. unite to expose Russia’s $20 billion illegal crypto trade
The United States and the United Kingdom have rolled up their sleeves and are investigating what looks like a gross $20 billion mishandling of crypto. Yeah, you heard that right. $20 billion with a ‘B’. They’re zeroing in on Garantex, that Russian exchange that’s been under so many sanctions, amidst a storm of crypto transactions […]
American crypto lobbyists might just be our biggest problem
America, land of the free, home of the brave, and now, a playground for crypto lobbyists who seem to have taken the term “influencing policy” to an entirely new level, kickstarting a sort of political war that could very well dictate the future of finance in the United States. Think I’m being dramatic? Okay. Read […]
U.S. has been keeping a close eye on BRICS and its plans
The stage is set for a major shift in global economic dynamics, and right at the center of this potential seismic change is the BRICS bloc, with the U.S. keeping an unwavering gaze on every move. The chessboard of international trade and finance is getting a vigorous reshuffle, courtesy of Russia’s active push for countries, […]
Is India planning to break away from the BRICS? For U.S.?
When whispers and headlines clash, the sound can be deafening, especially when it’s about India potentially stepping away from its BRICS buddies, looking towards the U.S. with a glint in its eye. This isn’t some spicy piece of gossip; it’s a multi-layered saga of economics, international relations, and the ever-compelling drama of geopolitics. A Crude […]
Why is the U.S. monitoring Russia’s crypto activities closely?
Keeping tabs on the world’s digital financial shenanigans, the U.S. has cranked up its vigilance, especially when it comes to Russia’s crypto antics. This isn’t about having a casual peek over the fence; it’s about zeroing in on a sophisticated digital battlefield where currencies like Bitcoin and Tether become the weapons of choice for under-the-radar […]
Nigeria is about to face Joe Biden’s wrath over detaining U.S. citizens
The brewing storm between the United States and Nigeria over the detention of two U.S. citizens is thickening, and at the heart of this escalating diplomatic tension, President Joe Biden’s administration finds itself under a magnifying glass. The situation has reached a boiling point with the detention of Tigran Gambaryan, a top executive at Binance […]
Americans are facing an unprecedented financial crisis
Americans are teetering on the edge of a financial precipice, with many feeling the ground crumble beneath their feet. The financial landscape has morphed into a treacherous terrain, fraught with uncertainties and laden with pitfalls that threaten the very fabric of economic security. This is not your usual market fluctuation or a temporary setback. Nope, […]
Joe Biden and his [hopeless?] mission to win back a wary America
Joe Biden, the current occupant of the Oval Office, closed his yearly chat with Congress with a swipe at Donald Trump, hinting at a contrast in their visions of America. But let’s cut through the chase: with the general election peeking around the corner on November 5, there’s a big question mark hanging over Biden’s […]
U.S. and Europe have something new to compete aggressively over
Gone are the days when the U.S. and Europe would only face off in friendly sports matches or vie for technological supremacy in a world that seemed large enough for both to coexist peacefully. Now, a new battleground has emerged, placing the two economic powerhouses in an intense rivalry that speaks volumes about the future […]
Inside crypto’s bid for influence on American politics
2024’s Super Tuesday wasn’t just about choosing who’ll run the show in Washington. It was also when the crypto crowd got to throw their weight around, trying to make sure their voices are heard loud and clear. Brian Armstrong, the CEO Coinbase, has been pretty vocal, saying it’s high time politicians woke up to the […]
Biden gets what he wants, dodges US government shutdown
Joe Biden is about to sign a law that just scraped through both houses of Congress, stopping the U.S. government from shutting down partially. With barely a day and a half to spare, this bill got the thumbs up from both the Senate, where Democrats have the majority, and the House, run by Republicans. It’s […]
Will Europe ever be able to match US’s growth momentum?
Picture this: the world’s been trying to shake off the economic hangover the pandemic left us with, right? And here’s the US, catwalking ahead of the pack like it’s got a secret stash of energy drinks. While Europe and others are still trying to find their feet, the US is all guns blazing with its […]
U.S. prosecutors demand CZ’s passport before verdict
The US Attorney’s Office has thrown down the gauntlet to Changpeng “CZ” Zhao, who used to be the CEO of Binance. The law enforcement is tightening its grip on CZ and demands that he give up his Canadian passport and any other travel papers he has. This is part of a larger effort to make […]
Breaking down major components of US-Russia sanctions
The United States just rolled out a hefty bundle of sanctions against Russia. I’m talking a full-on smackdown in response to some pretty heavy stuff, including the sad case of opposition leader Alexei Navalny’s death and the ongoing Ukraine invasion saga. This time around, over 500 people and entities are feeling the heat. The US […]
Texas Blockchain Council and Riot sue Biden administration
Texas Blockchain Council (TBC) and Riot Platforms, a big name in mining, are standing up to the Biden administration. This fight is about keeping personal business private, the government’s reach, and the political waves that are hitting the crypto mining world hard. With a critical deadline of February 23rd on the horizon, the team took […]
U.S. unemployment claims take a dramatic dip – But what’s the point?
Just when everyone was gearing up for another round of “the sky is falling” because of job cuts splashed across the headlines, the U.S. labor market decided to throw us a curveball. Last week, fewer Americans than anticipated were hitting up the unemployment lines, suggesting that maybe, just maybe, the job scene isn’t headed for […]
Do Kwon finally set to be extradited to the U.S.
The drama around Do Kwon, the Terraform Labs co-founder, just hit a new peak. He’s getting shipped off to the United States, facing charges that have the crypto community on edge. Since March 2023, Kwon’s been chilling in Montenegro, but it looks like his stay is about to get cut short. So, here’s the lowdown: […]
Federal Reserve reveals its plans for BRICS
Over the past year, there have been like a thousand headlines about BRICS coming for the dollar, and dethroning it. Under the guidance of China’s Xi Jinping and Russia’s Vladimir Putin, BRICS has taken a lot of direct jabs at the United States government. We all know the part the country plays in our global […]
U.S. former security advisor predicts economic doom
Turbulence is brewing on the financial horizon, and if you’re not yet in the loop, it’s high time you catch up. The recent bombshell dropped by none other than ex-U.S. Military General Mike Flynn has sent ripples through the calm waters of American economic discourse. With a tone that’s less forewarning and more fire alarm, […]
U.S. fixes relationship with El Salvador – And the plan?
The diplomatic landscape between the United States and El Salvador has undergone a significant transformation, marked by a strategic pivot in the United States’ approach to mending fences with El Salvador. This shift comes in the wake of President Nayib Bukele’s emphatic re-election, signaling a new chapter in the bilateral relations between these two nations. […]
Saudi Arabia moves to get back with U.S. after ditching BRICS
Saudi Arabia’s dance between aligning with BRICS and strengthening ties with the U.S. has been like watching a high-stakes poker game, where every move is calculated but you can’t quite tell who’s bluffing. For over a month, the Kingdom has been teasing the world with the prospect of joining BRICS, yet it has decisively inked […]
BRICS challenges U.S. with new credit rating agency
The realm of global finance is witnessing a seismic shift as the BRICS consortium steps onto the field, wielding a plan that could significantly alter the dynamics of international credit rating systems. For decades, the United States has held the reins, with its trio of heavyweight agencies—Moody’s, Standard & Poor’s (S&P), and Fitch Group—dictating the […]
U.S. ramps up pressure on cryptocurrency miners
The cryptocurrency mining saga in the U.S. is heating up faster than a GPU crunching through blockchain calculations. With the spotlight firmly on the energy consumption of this digital gold rush, the United States is not just sitting back and watching the wattage meter spin. No, sir. The Energy Information Administration (EIA) has rolled up […]
IMF backs delayed U.S. interest rate cuts
The corridors of global finance were abuzz as the International Monetary Fund (IMF) threw its weight behind the notion of delayed interest rate cuts in the U.S., striking a delicate balance between caution and necessity. Kristalina Georgieva, the IMF’s head honcho, tipped the scales against a hasty easing of monetary policy, advocating instead for a […]
Janet Yellen hints at U.S. interest rates never going low again
Treasury Secretary Janet Yellen, during her recent remarks, has stirred the pot in the financial world, suggesting a potential permanent shift in the U.S. interest rate landscape. The post-pandemic era, marked by economic upheaval and recovery, has left experts and laypeople alike questioning the future trajectory of interest rates. Yellen, previously known for her perspective […]
The economic reality gap: Economists vs. Americans
Amidst the complex web of economic data and expert analysis, a glaring rift emerges between the perspectives of economists and the everyday experiences of Americans. While recent figures paint a somewhat optimistic picture of America’s economic landscape, the ground reality experienced by the average citizen often tells a different story. It’s a classic case of […]
Why is BRICS expansion such a huge threat to SWIFT and U.S.?
The expansion of BRICS, a coalition of emerging national economies, is stirring up a financial storm, particularly for the U.S. and the global SWIFT payment system. The growing influence of BRICS, now encompassing nine nations, is poised to reshape global financial dynamics. This alliance isn’t just expanding its membership; it’s challenging the long-standing dominance of […]
U.S. senator warns White House about BRICS – Details
Senator Marco Rubio is sounding the alarm on the expanding influence of BRICS and its potential to undermine the U.S. and its economic clout. With the Florida senator’s pen taking to RealClearWorld, the message is clear: the growth of this international coalition could spell trouble for America’s ability to leverage economic sanctions as a tool […]
