Currencies
BRICS has expanded to include Iran, Saudi Arabia, the United Arab Emirates (UAE), Egypt, Ethiopia and Argentina. Following the 15th annual BRICS summit in Johannesburg, South Africa last week, the bloc of five major emerging economies – Brazil, Russia, India, China and South Africa – decided to admit the additional 6 new members, effective January […]
... written on Aug 28 2023If Selangor falls, it means the majority of the Malay community wanted a Taliban state. If Penang falls, it means the ethnic Chinese in the state deserved to be oppressed and bullied by the radical and extremist Perikatan Nasional for not going out to vote. If Negeri Sembilan falls, it means extremism and racism have […]
... written on Aug 12 2023Ringgit has been dropping like a rock since February this year, depreciating from RM4.24 to RM4.69 against the U.S. dollar. If it breaks the RM4.75 level recorded in November 2022 under the previous backdoor government of Ismail Sabri, all hell will break loose. The currency made a stunning recovery from RM4.75 to RM4.24 after Anwar […]
... written on Jun 27 2023The upcoming BRICS summit in South Africa will be absolutely interesting for two reasons. First, will Russian President Vladimir Putin be arrested? Second, will French President Emmanuel Macron attend the summit? The success of BRICS in the past years has seen a rising number of countries expressing interest to join the bloc, which was set […]
... written on Jun 23 2023On Wednesday (May 3, 2023), footage of two drones attacking the Kremlin in Moscow has gone viral. The stunning strike on Vladimir Putin’s residence has been described as “a planned terrorist act and an assassination attempt on the Russian president”. The explosion, however, did not kill or injure anyone because Putin was not present in […]
... written on May 05 2023Having learned from China, a country called India is making tonnes of easy money by buying crude oil from Russia before selling it to the EU. The fast learner has become Europe’s largest supplier of refined fuels, according to data from analytics firm Kpler. In March alone, India’s imports of crude oil from Russia touched […]
... written on May 01 2023It will not happen overnight or next month. And it will not lose entirely its reserve currency status next year. But the U.S. dollar is definitely losing its status at a faster pace than generally accepted. Western analysts and economists are simply in denial when they insist that the greenback is not going anywhere, let […]
... written on Apr 20 2023Finally, PM Anwar Ibrahim has agreed to settle the 25-year feud with Mahathir – in court. His former boss, Mahathir, was the longest serving prime minister of Malaysia – ruling with iron-fist for 22 years (1981-2003) during which his deputy Anwar was sacked in 1998 over corruption and sodomy charges, accusations condemned internationally as politically […]
... written on Apr 18 2023For the last 100 years since the U.S. dollar replaced the British pound sterling as an international reserve currency, the United States has become the world superpower after the First World War (1914-1918). Coincidentally, the dollar as we know it today was actually first printed in 1914 after the Federal Reserve Bank was created under […]
... written on Apr 02 2023From “no limits” partnership announced by China and Russia in February 2022 to the latest pledge to drive something that hasn’t been seen by the civilization in 100 years, the West is very concerned. Thanks to the United States’ strategic errors – and arrogance – Beijing and Moscow are now closer than ever, driven by […]
... written on Mar 24 2023
