Category: Economy

In recent days, Joe Biden has vacated the office of President of the United States, passing the economic "hot potato" to newly elected President Donald Trump. While some media outlets credit Biden with saving the economy and aiding Trump, many analysts remain skeptical, noting that media narratives often diverge from reality. Scott Bessent, CEO and CIO of Key Square Capital, has voiced concerns about the budget deficit, asserting that Biden has left the US economy in shambles, now handing the burden to Trump. Times Magazine's headline, "Don't Give Trump Credit for the Success of the Biden Economy," underscores Biden's role in economic growth. This year will reveal whether the "hot potato" is truly as volatile as it seems. Despite claims of economic progress, the US faces a precarious situation. The…

Following the election of Donald Trump as the future president of the United States, a new and interesting speech has caught the attention of analysts who now see the future of American policy in Canada and Greenland. Despite the various speculations heard by analysts around the world, President Donald Trump surprised a large number of those who saw US expansion in Europe. This move, in which the so-called appropriation of Canada and Greenland was announced, is a strategic goal of America to get the resources necessary for the development of its country. With this move, America would solve and ensure future economic development, because by appropriating territories like Canada and Greenland, they would enable them not only to expand their territory, but also strategically important goals that will put America…

As future US President Donald Trump said he would impose a 100 percent tariff on imports of goods from BRICS countries if they stop using the US dollar as the world's reserve currency, BRICS countries are facing a challenge in which it is necessary to secure certain raw materials for the functioning of their economies. In the past few years, we have witnessed the beginning of a trade war that will take its toll on economies around the world. The Chinese economy, one of the main BRICS economies, is facing a shortage of agricultural products, the same products it imported from the USA. From 2022, the import of goods from the U.S. began to slowly decrease and so from $43 billion imports were reduced in just one year to $34…

Europe As we are witnessing a high inflation in last few years around the world some central banks have decided to cut interest rate and try helping its economy growth. Reuters polled economists of European Central Bank who stated that ECB will cut another 25 basis point from its deposits rate on Dec.12 and another 100bps next year. This rapid move of cutting down interest rates is a response of U.S. tariffs who threatens ECB. Central banks around the world are witnessing a new trade war who’s going to put some fear in further decision of Central bank’s policymaker. All of this would not be happened if the new elected president of U.S. Donald Tramp proposed tariffs. As witnessing ECB has started to prepare a rapid way to support its…

Certain BRICS countries trade heavily in local currencies and are slowly preparing for complete de-dollarization, which aims to destroy the American economy by causing depression and inflation, which will be used as the main weapon. Events that are closely related to the economic situation in the world, such as the war in Ukraine and Palestine, have their own goal, and the big world countries use those events as a means of making money. After the recent election of President Donald Trump in America, the policy is slowly changing and as such it aims to restore the American currency as the number one currency in the world. Future president Donald Trump has threatened 100 percent tariffs on the BRICS countries if they continue to create a new currency. After this statement…

According to recent research by the Economic Freedom Country Audit Zimbabwe (EFCAZ), talking about monetary instability in the country, escalation is inevitable unless urgent political changes are implemented. Given that there is little evidence of political will to resolve this situation, the country is struggling with instability. The currency of Zimbabwe, which was introduced in April 2024, did not contribute to the stability and improvement of the economic situation in the country. Bad economic policy led by the top government is slowly causing unrest in the country. Despite the fact that this currency crisis has been going on for more than 20 years, political officials have failed to stabilize the economy and help the nation. Zimbabwe is a country rich in mineral resources. Dominant minerals are platinum, chrome, gold, coal,…

The Reserve Bank of India announced on (October 29.2024) to transport additional 102 tons of gold from Bank of England to its secure location in India. Total reserve of gold held by RBI are 855 tones. From 855 tones a reserve kept on Indian soil are 510 tones. There are much reason why RBI has changes his strategy to move its gold to Indian soil. One and the most important is a geopolitical risk. India as part of BRICS will have to ensure stability in its economy in time where currency dips in value, gold typically rises this enable central banks to protect their reserves at time of market volatility. This year in May, India announced that had already moved 100 tons from the UK, which represented the most significant…

In the past 4-year South Africa banks have drastically reduced ATMs and branches. This trend continues as most of banks around the world started to reduce their ATMs and branches preparing for evolutionary step to era of digital cash in one-word digital banking. The dominance of digital banking has boosted banks income and reduction expenses. This digital trend will continue rapidly because of the convenience and efficiency of digital platform. The increase in online transaction in 2024 has risen the digitalization of banking products. Standard Bank one of South Africa’s largest financial institution stated a 30% increase in online transaction of 1.5 billion digital transaction using their platform. Nedbank in 2019 listed more than 700 branches in its portfolio, but in 2024 they dropped to 500.  This surge in digital…

Economist and gold advocate Peter Schiff has warned, Fed's rate cut will lead to Economic Disaster. He wrote on X platform, Elaborating: „Not only will this round of rate cuts not stop a cooling economy from entering a recession, but it will also turn up the heat of inflation, making the recession that much worse. “ Federal reserve bank decision is based on hope and this rate cut will only make things worse for the economy and its people. The worst trouble is that long-term bond yield rose. This warning from Peter Schiff was absolutely justified regarding the fact that Fed have made a policy mistake crushing the dollar and reignite inflation who will angared more debt and send consumer prices soaring. Schiff commented on Wednesday: „ Analyst claiming the…

MasterCard and Mercuryo have launched a multi-chain debit card, allowing users to spend their cryptocurrency directly from their wallets. This MasterCard functions as a debit card, available to use across MasterCard’s 100 M+ network of merchants. It integrates with both Apple Pay and Google Pay. How it works the MasterCard Web3 Card MasterCard and Mercuryo joined forces and made a new credit card who offers easy and safe way to access crypto-money of their consumer’s digital wallets. The new step who makes it simple for Web3 wallet user to access their self-custody crypto balances and spend in across 100 million+ acceptance locations anywhere where MasterCard is accepted. One of the most important mission of MasterCard is to adopt the self-custody crypto. Self-custody is the core concepts of cryptocurrency, providing a…