A new, radical paradigm shift is in progress. The U.S. economy may shrink as much as 40% in the first semester of 2020. China, already the world’s largest economy by PPP for a few years now, may soon become the world’s largest economy even in exchange rate terms.Continue reading Get Ready for the Next Game-Changer: The Gold-Backed Digital Yuan
In one of its boldest move so far, Bank of China announces renminbi or yuan as:
“RMB: New Choice; The World Currency”
Will it be better for everyone this time?
Continue reading China Announces Renminbi as The New World Currency
Here’s the former member of Obama’s economic team, munching antagonistic views against the king of world currencies, .i.e fiat US dollar.
” From 2009 to 2011, Bernstein was the Chief Economist and Economic Adviser to Vice President Joe Biden, executive director of the White House Task Force on the Middle Class, and a member of President Obama’s economic team.”
Dethrone King Dollar
Continue reading Dethrone King Dollar