Tag: BRICS

Macron Asks for Invitation to BRICS Summit

While Russian officials have expressed suspicion over Macron’s overtures, Beijing, seeing it as an opportunity to pull France away from the U.S.’s sphere of influence, has welcomed the idea.

Fiscal Forecast: Debt and De-Dollarization, Part II

Can the U.S. government and its allies prevent a determined group of countries from de-dollarizing and significantly hurting the U.S. economy in the process? How would de-dollarization be affected if the unthinkable happens and Russia wins in Ukraine?

Fiscal Forecast: Debt and De-Dollarization, Part I

The new debt-ceiling deal has its merits, but it also kicks the big spending reform can down the road. It also ignores the broader threat to the U.S. economy: de-dollarization. On that front, there is one event that could end dollar hegemony with one stroke of the pen.