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BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. dollar, building resilient payment systems, and forging a historic new economic frontier beyond Western control. Lavrov Confirms BRICS Ditching US Dollar Fast Russian Foreign Minister Sergey Lavrov has highlighted the growing use of national currencies among BRICS members in place of the U.S. dollar … Read more
U.S. Treasury Secretary Scott Bessent, the 79th Secretary of the Treasury, addressed trade tensions with China during a White House press conference, emphasizing that Beijing faces severe economic consequences if tariffs remain high. ‘Certainty Not Necessarily Good’: Bessent Defends Strategy Amid Stock Market Stall Amid efforts to highlight President Trump’s policy achievements during his second … Read more
Economist Steve Hanke is not a fan of U.S. President Donald Trump’s tariffs, drawing a historical parallel between today’s economic conditions and the early 1930s by invoking the Smoot-Hawley Tariff Act and denouncing it as “the stupidest thing I’ve ever seen in my life.” Trump’s Trade Levy Could Repeat 1930s Market Freefall, Warns Hanke On … Read more
U.S. President Donald Trump is reaffirming his commitment to tariffs, emphasizing that this approach could lead Americans who pay income tax to witness their taxes “substantially reduced, maybe even completely eliminated.” ‘External Revenue Service’ Incoming: Trump Eyes Elimination of Income Taxes Trump maintains that as tariff revenues accumulate, income taxes for American citizens could either … Read more
Markets jump on US-China optimism, New Tether-Softbank funded BTC treasury firm, Bitcoin ETFs attract nearly $1 Billion in new capital, and more in this Week in Review. Week in Review Crypto-related stocks rallied alongside digital assets amid renewed U.S.-China optimism. Jack Mallers was announced as the head of a new Bitcoin treasury company backed by … Read more
While there have been positive developments regarding the loosening of the U.S. tariffs on Chinese imports, the state of negotiations to finally solve this trade war is still uncertain. President Trump stated that there were meetings addressing the issue, but China has outright denied that these ever happened. China Denies Having Trade War Negotiation Meetings, … Read more
Trump Administration’s Treasury Secretary Scott Bessent lashed out at the Bretton Woods institutions, stating that the IMF and the World Bank had lost their way. However, Bessent noted that the U.S. would not abandon these institutions, opting to pursue relevant reforms from within instead. Bretton Woods Institutions ‘Knocked off Course:’ Trump Administration Seeks Change The … Read more
As of April 23, 2025, relations between China and the U.S. remain fraught, dominated by an intensifying trade war and deep diplomatic discord. But this week, U.S. President Trump told reporters that tariffs on China would drop “substantially,” sparking a notable lift in equity and crypto markets. President Trump to Play ‘Nice’; Treasury Secretary Bessent … Read more
Economist Peter Schiff has said he disagrees with U.S. President Trump’s idea that lowering interest rates would help the U.S. shift to a manufacturing-based economy. Schiff: Lowering Interest Rates Counterproductive Economist Peter Schiff has panned the idea supported by then-U.S. President Donald Trump that lowering interest rates could help America transition from an import-dependent economy … Read more
Trade wars, collapsing confidence, and stubborn inflation have kept Polymarket’s recession odds at 57%—signaling a bumpy economic road ahead. Economy on Edge This year, U.S. recession odds have climbed amid escalating tariffs, reciprocal trade measures, waning business confidence, decelerating job growth, and enduring inflation, all of which are chipping away at economic stability and dimming … Read more