U.S. Dollar (USD)

BRICs Buildout Puts Ever Greater Pressure on USD [Video]

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BRICs Buildout Puts Ever Greater Pressure on USDGreg Hunter – Financial writer John Rubino warned two weeks ago that whatever came out of the BRICS (Brazil, Russia, India, China and South Africa) meeting this past week would be bad for the dollar.  The dollar did not crash, but the prospects for it remaining the reserve currency of the world took a beating.

The BRICS added a half dozen countries into its group.  Two of the most troubling for the dollar are Saudia Arabia (SA) (where the petrodollar started) and United Arab Emirates (UAE) where the U.S.  has huge Navy and Airforce assets.  SA and UAB officially joining the BRICS was nothing short of a stunning rebuke of U.S. financial and military power in the Persian Gulf.

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New BRICS Currency Bad for Dollar [Video]

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New BRICS Currency Bad for Dollar Greg Hunter – Analyst and financial writer John Rubino has a new warning about the fate of the U.S. dollar with the announcement next week (Aug 22–24) of the new BRICS (Brazil, Russia, India, China and South Africa) currency.  There has been lots of speculation about it.  Will it work?  Is it gold backed?  Will it immediately replace the U.S. dollar?  30 countries in all have signed onto the BRICS currency experiment.

Rubino contends, “No matter what shape it takes, the new BRICS currency is bad for the dollar. . . . You don’t want to be an enemy of the U.S., but neither do you want to be a target just because you are doing what you think is right in the world. . . then the U.S. comes in and destroys your banking system.  That is now a real possibility for a lot of countries.

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Nothing Can Stop Currency Crisis And War Drums From Beating [Video]

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Nothing Can Stop Currency Crisis And War Drums From Beating Greg Hunter – Economic analyst and financial writer David Morgan went against the majority of financial gurus and predicted at the end of 2022 that there was no way the Fed was going to cut interest rates.

He said on USAWatchdiog.com in December, “Cut Interest Rates & Dollar is Done, Toast, It’s Over.”  Fed Head Jay Powell said this past week the Fed was raising interest rates at least two more times to “fight inflation.”  This was a direct hit by Morgan.

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