ASIA: The International Monetary Fund (IMF) has approved a $3 billion bailout program for Pakistan, which will last for nine months. This decision follows a staff level agreement reached between Pakistan and the IMF in the previous month. The financial support is crucial for Pakistan, which is facing economic challenges. Additionally, the United Arab […]
QUESTION: Marty, Will the Brics launching a gold backed currency be the catalist for bankrupting 3rd world economies? Or is it rising interest rates on their debt? Tks for all the light u share in a confusing economic landscape. Cbeers .baldy ANSWER: It is unlikely that we are looking at a BRICS single currency like the […]
ASIA: Walt Disney is considering various strategic options for its Star India business, such as a joint venture or a sale, according to sources familiar with the matter. The company has engaged in discussions with at least one bank to explore opportunities for growth and cost-sharing for the India business. However, the talks are […]
ASIA: In June, China experienced a significant decline in producer prices, reaching their lowest level in over seven years, while consumer prices approached deflation. This reinforces the need for policymakers to implement additional stimulus measures to stimulate weak demand. The producer price index (PPI) has been decreasing for nine consecutive months, falling by 5.4% […]
QUESTION: Do you think the BRICS would create a gold-back currency as proposed by Russia? SJ ANSWER: The Neocon has directed the Biden administration to remove Russia from SWIFT. Their single-minded goal is destroying the world economy, but they do not care. They think they will conquer Russia and China and dominate the world so […]
ASIA: Singapore’s central bank, the Monetary Authority of Singapore (MAS), has provided a somber assessment of the country’s economy. The MAS predicts ongoing challenges, including sluggish growth, inflation, and the possibility of a technical recession. Although the MAS has lowered its inflation forecast for 2023, it acknowledges that the battle against rising consumer […]
ASIA: Goldman Sachs has stated that Western countries may need over $25 billion in investments to match China’s supply of rare earths. The concern arises from Beijing’s export restrictions on minor metals, leading to fears that rare earths could be the next target. Currently, China accounts for 90% of global refined output of rare […]
The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, “There […]
ASIA: A working group of the Reserve Bank of India has stated that the increased use of the Indian rupee in international trade and capital account transactions will lead to the currency gaining international acceptance. The group suggests promoting the rupee for import and export without any limits, allowing non-residents to open rupee accounts […]
ASIA: A private sector survey in China revealed that factory activity growth slowed in June due to concerns about sluggish market conditions. The Caixin/S&P Global manufacturing purchasing managers’ index (PMI) dropped from 50.9 in May to 50.5 in June, indicating a marginal expansion. The index mark of 50 separates growth from contraction. The survey […]
