The Iran-Israel tension influences the markets: gold rises, oil fluctuates. What are the repercussions on the stock market and the oil sector?
Is Bitcoin really intended to replace fiat currency? Is it really possible, or even desirable? What is its true primary utility?
Recent data shows that China is strategically strengthening its oil stocks. For several months, the Middle Kingdom has been benefiting from its partnership with Russia for this purpose. Some believe that this is a way for China to expand its influence within the influential BRICS of which it is a member.
Saudi Arabia, like some other Gulf countries including the United Arab Emirates (UAE), has recently been allowed to join the BRICS. With one of its influential members, Russia, the Saudi Kingdom has discussed strategic issues, including the exit from the dollar. But not only that.
Things are heating up between Venezuela and Guyana right now. The reason? Nicolás Maduro wants to reclaim Essequibo, a territory awarded to the British in 1899 following a “partial” decision by the judges of the time. Burdened by massive inflation, Venezuela needs to find other alternatives to get its economy back on track. And if that means the annexation of 2/3 of Guyana, where there are oil and other mineral resources, so be it.
A Chinese multinational has just made its first-ever purchase of oil using the digital yuan (CBDC). The petrodollar is facing challenges.
The 15th BRICS summit ended on Thursday, August 24, with some big news. That of the creation of BRICS+. An expanded version of the organization's membership. Members that include some of the world's biggest crude oil suppliers. Global geopolitics are potentially no longer the same.
Elon Musk, the renowned technologist and futurist, predicts that the dollar will soon be worth next to nothing.