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The Federal Reserve’s stress tests ignore the real nightmare scenario, economist Peter Schiff warns, saying no major bank could survive the financial catastrophe that looms. Peter Schiff Warns of Financial Catastrophe—Says the Fed Isn’t Testing the Real Threat The Federal Reserve Board released its 2025 stress test scenarios on Feb. 5, outlining hypothetical economic conditions … Read more
Gold prices have broken records once again, inching closer to the $3,000 key level. This phenomenon has been accompanied by an unusual movement of physical gold to COMEX vaults, as investors cling to tangible assets amidst the current geopolitical backdrop. Gold Keeps Shining, Breaks All-Time High Prices Once Again Gold has proven again that is … Read more
Economist Nouriel Roubini argues that China’s national pride makes it unlikely to yield to U.S. tariff pressure. No Respite for China Nouriel Roubini, an economics professor at New York University, warned the U.S. government that China is unlikely to yield to the Trump administration’s demands after being slapped with a 10% tariff hike. In a … Read more
Iran supports a unified BRICS currency if all members agree, signaling a shift toward economic cooperation as the bloc explores alternatives to reliance on the U.S. dollar. Iran Supports Unified BRICS Currency Amid Global Tensions Iran has expressed willingness to support the creation of a unified BRICS currency, provided that all member nations reach a … Read more
While reports indicate that Canada and Mexico may be spared the tariffs instituted by the Trump administration, China was not included in those analyses. China was hit with a 10% tariff on imports beginning this week, which applies to all goods imported from China. Trump’s Trade Strategy Meets China’s Defiant Response Markets improved on Monday … Read more
President Trump’s preemptive tariffs achieved two victories, prompting Canada’s Trudeau and Mexico’s Sheinbaum to compromise and announce measures to strengthen their border and drug policies. However, China countered Trump’s announcements with retaliatory sanctions. Trade War Watch: Trump Trumps Canada and Mexico; China Retaliates President Trump announced the suspension of the executive order that enacted additional … Read more
The Royal Bank of Canada (RBC) described the impact of Trump’s actions as the “largest trade shock in nearly 100 years.” Canadian ‘Loonie’ Plummets as Bitcoin Soars Amid Trade War President Donald Trump slapped Canada and Mexico with a 25% tariff on all goods on Saturday, sending the smaller northern economy into a tailspin as … Read more
President Donald Trump is moving forward with his administration’s plans to establish tariffs after facing heavy criticism due to the effects of the executive order signed recently. Trump accused everyone against tariffs of being controlled by foreign entities, including China. President Trump Propels Tariffs, States Critics Are Being Controlled The establishment of sweeping tariffs for … Read more
BRICS is focusing on investment partnerships over currency unification, Russian officials indicated, as discussions around reducing reliance on the U.S. dollar continue amid global economic shifts. Russia Puts BRICS Currency Speculation to Rest—Here’s the Bloc’s Real Financial Agenda Russian spokesman Dmitry Peskov stated on Jan. 31 that BRICS is currently not considering a shared currency, … Read more
The United States’ significant tariff hikes against Canada, Mexico, and China may pose the biggest macroeconomic risk in 2025. A Lose-Lose Path U.S. President Donald Trump’s steep tariff hikes against his country’s three biggest trading partners may be the biggest macroeconomic risk in 2025 yet, a former researcher with Binance China has asserted. In a … Read more
