Economist Peter Schiff has warned that a complete separation of the Chinese and U.S. economies would be “a disaster for America, but a boon for China.” He explained: “Americans would be stuck with fewer goods and higher prices, while the Chinese would be rewarded with more goods and lower prices.” Peter Schiff on U.S.-China Decoupling…
Drawing upon the latest statistics, ten nations are grappling with inflation rates surpassing 40% as of October 2023, while four countries are enduring inflation rates in excess of 100%. A look into the data curated by the International Monetary Fund’s World Economic Outlook reveals that the Venezuelan bolivar is weathering significant inflation at a rate…
JPMorgan Chase CEO Jamie Dimon has warned of two “extraordinary” things happening today that may have “bad outcomes” for the U.S. economy. Moreover, the executive has urged investors and businesses to be prepared for higher interest rates. “I don’t think inflation will keep going down,” he noted, adding that in the worst-case scenario, you will…
Andrei Kostin, head of the VTB Bank, one of the biggest banks in Russia, has stated that the Society for Worldwide Interbank Financial Telecommunication (SWIFT), the standard messaging system for fiat payments, “needs to be killed.” Kostin remarked that the actions of the U.S. and its use of the dollar have awakened fears in other…
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JPMorgan Chase CEO Jamie Dimon has expressed concerns about the Federal Reserve potentially raising interest rates to 7% and that the U.S. economy could experience stagflation. “I am not sure if the world is prepared for 7%,” he stressed, adding that there is “a range of outcomes.” Jamie Dimon’s Economic Warnings The CEO of JPMorgan…
Read More “JPMorgan CEO Warns of the Fed Raising Interest Rates to 7% With Stagflation” »
On Wednesday, Nobel Prize-winning economist Paul Krugman provided a brief analysis of the current economic landscape in the United States. Krugman asserted that the nation has experienced “remarkable disinflation.” According to him, the available data paints a compelling picture, suggesting that the “war on inflation has been pretty much won — without a recession.” Krugman…
South Africa, the host of the BRICS summit this year, has confirmed that more than 40 heads of state will participate in the summit that will take place on Aug. 22-24. South Africa has also claimed that 23 countries have formally applied for BRICS membership. 40+ Heads of State to Participate in BRICS Summit Nelson…
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Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has warned that more banks in the U.S. will fail as the Federal Reserve continues to hike interest rates. He stressed: “It will break down in the regional banks, which support 60% of the economy … We’ve started to see the cracks.” Kevin O’Leary Foresees More Bank…
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U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) has explained that President Joe Biden is “preparing for a ground war with Russia” by signing an executive order to mobilize reserve forces to augment Operation Atlantic Resolve. Multiple people have accused Biden of starting World War III. Biden Preparing for Ground War With Russia, Says…
Former Chief Tech Officer at Coinbase, Balaji Srinivasan, took to Twitter to remind his followers about Jared Bernstein’s earlier stance on de-dollarization. The angel investor sees logic in views that the new White House top economist has now abandoned, on the U.S. dollar’s status as a global reserve currency . Not a Bitcoin Maximalist —…
Read More “Balaji Srinivasan Highlights De-Dollarization Past of Biden’s Top Economist” »
