The Chinese Communist Party is pushing for a multipolar world order with a global movement for other nations to drop the U.S. dollar as their reserve currency. This would greatly undermine American influence in world affairs. We speak to Alex Newman, author and international journalist, about what this means for America. …
The Global De-dollarization Movement Is the CCP’s Next Big Power Grab: Alex Newman
July 10, 2023
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Is De-Dollarization a Real Possibility?
Former president Donald Trump warned that the U.S. currency was crashing and wouldn’t be the world standard any longer. He may have been onto something. Recently, Russia, China, and Brazil have been part of the growing list of countries that have embarked on policy of de-dollarization. Understanding dollarization and how it affects both the United…
Is a Digital Dollar Coming?
April 14, 2023
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Commentary A hullabaloo over a digital dollar first emerged in 2019 when the People’s Bank of China (PBOC) launched its digital yuan. Speculation arose that unless the United States responded in kind, China’s yuan would soon surpass the dollar as the world’s premier reserve currency. The speculation was pointless. There is much more to a…
BRICS Creating New Currency Backed by Gold, Soil, Rare-Earth Elements | Facts Matter
While the media in America has been laser-focused on the arrest and indictment of former President Donald Trump, the rest of the world hasn’t stopped spinning. Instead, many of the United States’ geopolitical rivals are taking this opportunity, while America is distracted, to make their moves. For instance, the BRICS nations (an organization, similar to…
British Monarch to Be Removed From Australia’s $5 Note
The late Queen Elizabeth II will not be featured on Australia’s five-dollar note going forward, instead, a new design that “honours the culture and history of the First Australians”—a term to refer to Aboriginal Australians—will replace the monarch. The country’s five-dollar bill has featured the late Queen since 1992 and was due to be replaced…
Brazil, Argentina Holding Talks Over Possible Common Currency
Brazil and Argentina plan to advance talks about a common currency for financial and commercial transactions in an effort to improve economic integration, leaders of the two nations said on Jan. 21. Brazilian President Luiz Inacio Lula da Silva, who was sworn in on Jan. 1, and Argentine leader Alberto Fernandez shared details about the talks regarding…
Argentina and China Formalize Currency Swap Deal
BUENOS AIRES—Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday. Argentina’s government needs to rebuild reserves to cover trade costs and future debt repayments, and more reserves are a key objective of a…
CNY Mainly ‘Internationalized’ in Offshore Hong Kong
December 14, 2022
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Commentary Recently, Xi Jinping of mainland China visited Saudi Arabia, arousing speculation of some new deals to be done. Specifically, some nationalists expect a substantial portion of Saudi oil exported to China to be settled in the Chinese Yuan (CNY) rather than the U.S. dollar. Such wishful thinking is obviously self-defeating by looking at the…
Yellen, Malerba Become 1st Female Pair to Sign US Currency
Treasury Secretary Janet Yellen and U.S. Treasurer Lynn Malerba on Thursday became the first female pair to sign U.S. currency. Yellen joked during a stop in Texas about the bad handwriting of some of her predecessors and said, “I will admit, I spent some quality time practicing my signature.” “Two women on the currency for…
Yellen, Malerba Become First Female Pair to Sign US Currency
Treasury Secretary Janet Yellen and U.S. Treasurer Lynn Malerba on Thursday became the first female pair to sign U.S. currency. Yellen joked during a stop in Texas about the bad handwriting of some of her predecessors and said, “I will admit, I spent some quality time practicing my signature.” “Two women on the currency for…
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