Currency

Blake Lovewell | A brief overview of the key building blocks of the BRICS financial system including the 'Unit'.

Three U.S. presidents were instrumental in establishing Thanksgiving as a regular national event. On October 3, 1789, George Washington declared the first federal Thanksgiving holiday. In 1863, Abraham Lincoln made it an annual federal holiday. And in 1941, Franklin Roosevelt signed a bill setting the date at the fourth Thursday of every November. All three presidents […]

By Rhod Mackenzie The upcoming leader of the new BRICS Development Bank will serve a five-year term representing Russia. Within this period, a major decision  must be made which will have worldwidet reprecussions,this is regarding the creating of a financial instrument or currency. The quandary of whether a BRICS single currency is required created heated […]

Iain Davis returns to Perspective to discuss his on-going series of articles on “Synthetic Hegemonic Currency” (available on Geopolitics & Empire). TNT Radio is a 24/7 internet radio station, available here. You can also listen to back-episodes of Perspective here and follow host Jesse Zurawell on Telegram here.

Peter Koenig (PressTV Interview – Transcript 23 August 2023 Background The BRICS (Brazil, Russia, India, China and South Africa) are holding arguably one of their most important Summits from 22 to 24 August 2023 in Johannesburg, South Africa. Several new countries – up to 40 it is said, including Iran – would like to join […]

When the FDIC put Silicon Valley Bank (SVB) and Signature Bank into receivership in March, a study reported on the Social Science Research Network found that nearly 200 mid-sized U.S. banks were similarly vulnerable to bank runs. First Republic Bank went into receivership in May, but the feared contagion of runs did not otherwise occur. […]

This week’s News on China. • Argentina will pay the IMF in yuans • Yuan overtakes the dollar in China’s bilateral trade • Floods in the north of the country • Cunchao, the rural soccer phenomenon

This week’s News on China. • SCO’s 23rd Summit • Measures to protect the chip industry • Over-reliance on seed imports • Fewer Chinese students in the US

In his bestselling book of 1987, The Rise and Fall of Great Powers, historian Paul Kennedy chronicles the rise of western power and its world dominance from 1500 to the present. He reports that the rise was not due to any particular event, nor even an unusual series of events. It was, in fact, neither […]

The total federal deficit at $31+ trillion? Maybe it’s time for some creative thinking — a totally unique strategy that benefits all Americans, not just capitalist predators. Special use currency is not unprecedented. Abraham Lincoln used “greenbacks” — the paper currency shown above, backed by nothing more than confidence in the government — to finance the Civil War. He […]