Trump made an error in judgment by publicly opposing and threatening the creation of the BRICS common currency. A clever strategy would be to encourage the formation of this chimera and watch it fail. If that's twisted then ignoring these political whims entirely would be a pragmatic course of action. It would've been a dead-on-arrival anyway. Nothing strengthens the USD more than the collapse of a competing currency regime.
Instead, our easily triggered champion of US nationalism took the bait and provided credibility to the idea. Why would Trump fiercely oppose it had it not been a serious threat, a BRICS sympathizer would reason. Furthermore, this act indirectly supports incumbent politicians whose currency plans have vaporized. They could now rally local support in case the power grip will loosen. Nothing unites people more behind the ruling elites than external threats.
Escalatory nationalism begets more nationalism elsewhere. I hope these lessons were learned in the 20th century.
Trump made an error in judgment by publicly opposing and threatening the creation of the BRICS common currency. A clever strategy would be to encourage the formation of this chimera and watch it fail. If that's twisted then ignoring these political whims entirely would be a pragmatic course of action. It would've been a dead-on-arrival anyway. Nothing strengthens the USD more than the collapse of a competing currency regime.
Instead, our easily triggered champion of US nationalism took the bait and provided credibility to the idea. Why would Trump fiercely oppose it had it not been a serious threat, a BRICS sympathizer would reason. Furthermore, this act indirectly supports incumbent politicians whose currency plans have vaporized. They could now rally local support in case the power grip will loosen. Nothing unites people more behind the ruling elites than external threats.
Escalatory nationalism begets more nationalism elsewhere. I hope these lessons were learned in the 20th century.
#AmericanImperialism
BY Random Thoughts
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In view of this, the regulator has cautioned investors not to rely on such investment tips / advice received through social media platforms. It has also said investors should exercise utmost caution while taking investment decisions while dealing in the securities market. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised. I want a secure messaging app, should I use Telegram? "There is a significant risk of insider threat or hacking of Telegram systems that could expose all of these chats to the Russian government," said Eva Galperin with the Electronic Frontier Foundation, which has called for Telegram to improve its privacy practices. Overall, extreme levels of fear in the market seems to have morphed into something more resembling concern. For example, the Cboe Volatility Index fell from its 2022 peak of 36, which it hit Monday, to around 30 on Friday, a sign of easing tensions. Meanwhile, while the price of WTI crude oil slipped from Sunday’s multiyear high $130 of barrel to $109 a pop. Markets have been expecting heavy restrictions on Russian oil, some of which the U.S. has already imposed, and that would reduce the global supply and bring about even more burdensome inflation.
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