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The survey shows that the Chinese government’s internationalization campaign of the yuan, pushed by President Xi himself, is working. The number of overseas businesses willing to hold yuan deposits grew to a five-year high, supported by the currency’s “relatively stable purchasing power.” Confidence in The Chinese Yuan Surges: 95% of Overseas Firms Expect to Increase … Read more
Robert Kiyosaki warned that dollar savings face growing pressure from debt, inflation, and money creation, renewing his call to hold bitcoin. He cited $1 trillion as a symbol of rapid monetary expansion. Kiyosaki Frames $1 Trillion as a Warning on Dollar Savings Robert Kiyosaki renewed his warning on U.S. dollar savings in a June 12 … Read more
After a recent meeting with Mexico’s President Claudia Sheinbaum at Mexico’s National Palace, Dimon stated that Mexico has a large opportunity to grow over the next 20 years, underscoring developments in energy, infrastructure and tech projects on Mexican soil. JPMorgan CEO Jamie Dimon Highlights Opportunities in Mexico’s Growing Economy JPMorgan Chairman and CEO Jamie Dimon … Read more
On social media, Bessent stated that any damages and expenses caused by Iranian attacks on the U.S.’s Gulf allies would be offset with funds extracted from Iranian accounts. Iranian officials claim there are over $100 billion in assets blocked due to U.S sanctions. Treasury Secretary Scott Bessent Warns Iran Will Deepen Its Financial Downfall With … Read more
$61 an hour by 2034 is where union housekeeper pay is headed under a strike-averting deal that lifts wages 50% over eight years, putting full-time earnings at $100,000 to $110,000 by 2032. In a market where Manhattan rooms already average between $500 and $600 a night, rates are expected to climb another 50% to 60% … Read more
The unusual vote proposes capping legal immigration to put a population limit of 10 million in Switzerland before the year 2050. If approved, the right-wing-supported “sustainability measure” would make Switzerland the first nation to impose this limit. Switzerland To Vote On Population Cap Measure As immigration has become a relevant issue for European countries, governments … Read more
The Bank of Israel purchased $801 million in May to stop the shekel from rising as the currency reached one of its strongest exchange rates against the U.S. dollar. Even so, the currency terminated May with its value rising by 4.6%. Israel’s Shekel Hits New Highs Even As Bank Of Israel Intervenes in FX Markets … Read more
Robert Kiyosaki questioned how a government that takes “40% of everyone’s money” can still accumulate massive debt. The Rich Dad Poor Dad author pointed to America’s growing debt burden, arguing that strong tax collections have not prevented Washington from borrowing heavily. Rich Dad Poor Dad Author Turns a 40% Tax Claim Into a Debt Warning … Read more
Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and rising demand for reserve diversification. Gold’s Rise Puts New Pressure on Dollar-Based Reserve Markets The European Central Bank (ECB) said in its report published June 2, 2026, “The international role of the euro,” … Read more
Cheap oil may not return soon, leaving investors, businesses, and consumers exposed to higher costs for longer. A new supply-security premium could keep inflation pressure alive, delay rate cuts, and reshape global markets. Oil’s New Security Premium Puts Inflation and Rate Cuts at Risk Cheap oil may not return soon, and Devere Group CEO Nigel … Read more