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With the economic alliance becoming a clear challenger to the recently appointed president of the United States, the BRICS bloc has seen itself on the receiving end of US Tariff threats. However, that street goes both ways. Moreover, data shows that, in the end, it could do more harm than good to the Western nation. Since his election victory, US President Donald Trump has not minced words in relation to BRICS. As the group has continually embraced de-dollarization efforts, he has fought back. Yet, using tariffs to ensure the stability and prominence of the US dollar could be a decision that has immense consequences. Source: Reuters / Kevin Lamarque / Pool Also Read: BRICS: Analyst Calls US Dollar ‘Grossly Overvalued’ & Here’s Why Trump Tariff Threat to BRICS Nations Have Massive Implications for US, Data Says During his campaign for reelection, Donald Trump had placed an immense focus on the US dollar’s status. Specifically, he reiterated the importance of ensuring that the green...

The stock market and Bitcoin weren’t the only beneficiaries of Donald Trump’s 2024 election win, the victory drove a $64 billion surge in the net worth of the world’s wealthiest. Indeed, the 10 richest people in the world saw their collective value increase by the figure after Trump’s return to the Oval Office. The returning president beat out currency Vice President Kamala Harris in a dominant showing for the Republican party. Moreover, he is now the 15th president in history to serve a second term, as the oldest individual to be elected as commander-in-chief is already paying dividends for the economic elite. https://twitter.com/WatcherGuru/status/1854530331132452964 Also Read: JPMorgan: Bitcoin & Gold Will Benefit From Trump’s Second Term World’s 10 Richest People See Net Worth Surge $64B After Trump Win The 2024 presidential election was always one of the most important for the United States. Amid a fragile but recovering economy, it required a clear di...

The BRICS alliance has officially sent out invitations to two new countries to attend the BRICS 2024 summit. The two countries had also formally submitted their applications to be a part of the grouping this year. More than 45 countries have expressed their interest in joining BRICS in 2024 after the summit. Out of the 45, around 30 nations formally sent their applications, and around 15 have informally expressed their interest in joining. Read here to know the full list of countries that have applied to join the bloc this year. Also Read: BRICS: JP Morgan CEO Says U.S. Recession Is Coming BRICS Sends Invitation To 2 Countries to Attend the 2024 Summit Source: radiohc.cu BRICS rolled out their first two invitations to Venezuela and Bolivia to attend the 2024 summit. Venezuela was the first country to receive the invitation and President Nicolas Maduro will attend the summit. “As BRICS chair, President Vladimir Putin invites President Nicolas Maduro to attend the BRICS+ summit,” read t...

The US dollar has been dubbed one of the strongest currencies globally. But with recent ballooning debt metrics and numbers in sight, the USD’s reputation as a global reserve currency has landed in troubled waters. Per recent reports, in March 2024, the US Treasury paid out $89 billion in interest, which roughly means shelling $2 million per minute.  The distressed debt metrics have compelled analysts to voice their woes. Now, one leading billionaire has joined the debate and confirmed that the US dollar’s demise is now closer than ever.  Also Read: U.S. Dollar vs Indian Rupee: INR Forecasted To Fall 84.76 Billionaire Reiterates the USD’s Impending Fall Image Source: Watcher Guru The Tesla Supremo, Elon Musk, known for making bold predictions and forecasts, is back again. Musk took to X (formerly Twitter) to share his opinion on the US dollar, adding that the inflating debt may propel the USD to encounter a vicious death spiral.  We need to d...