Trade deal Archives - Rethinking the Dollar

BRICS Nations Creating “New Currency” as Global De-Dollarization Accelerates

Apr 5, 2023 | Economy

China and Brazil just finished a trade deal in their own currencies instead of the dollar. This is bad news for the world’s reserve currency, but it’s not the only bad news. Last week, a Russian official said that the BRICS countries are working on making...

Paul Craig Roberts: Remarks On The US/China “Trade Deal”

Jan 20, 2020 | News

The first thing to understand is that it is not a trade deal. It is Trump backing off his tariffs when he discovered that the tarrifs fall on US goods and American consumers, not on China. Trump is covering his retraction by calling it a trade...

IMF Chief Warns Global Economy Faces New “Great Depression”

Jan 19, 2020 | News

How’s this for some New Years optimism? The new head of the IMF, who took over from Christine Lagarde in November, warned that the global economy could soon find itself mired in a great depression. During a speech at the Peterson Institute, IMF Chairwoman...