Robert Kiyosaki, author of Rich Dad Poor Dad, states the U.S. dollar is in depression due to global de-dollarization.
Inputs that matter: Throughout the last year, the BRICS alliance has sought to increase its relevance on a global scale.
- Meanwhile, the U.S. has struggled with its increasing debt crisis and skyrocketing inflation.
- Kiyosaki notes that in the Q4 of 2023, the economy grew by 3.4%.
- However, in Q1 of 2024, the economy grew by 1.6%.
- BRICS nations like Russia and China have become almost entirely dollarless.
The opportunity: Chinese President Xi Jinping told U.S. Secretary of State Antony Blinken during his visit that Washington needs to see China's development as more favorable for bilateral relations to improve.
- Xi's comments come as the U.S. has imposed restrictions on Beijing's ability to access high-end tech and is moving close to banning the TikTok social media app unless its Chinese parent, ByteDance, sells it.
Zoom in: The U.S. recently purchased 81 obsolete Soviet-era combat aircraft from Kazakhstan, a former Soviet republic, with intentions to supply them to Ukraine.
- The aircraft of the 1970s and 1980s were deemed unusable, economically impractical for modernization, and limitedly useful as a source of spare parts.
- This development occurs amid Kazakhstan's increasing alignment with the West in Central Asia, which could strain its historical ties with Russia.
- During his visit to Kazakhstan in March 2023, U.S. Secretary of State Antony Blinken strongly supported the country's "independence, sovereignty, and territorial integrity."
Between the lines: This week, the U.K. Foreign Minister, David Cameron, visited Kazakhstan, a country bordered by Russia, China, Afghanistan, and Iran, to offer London's support with issues that arise in this region.
- Senate Minority Leader Mitch McConnell explains, "We need to get serious about what we're up against: China, Russia, Iran, and terrorism, a more formidable combination of problems than we had even going into World War II."
- French Foreign Minister Stéphane Séjourné will arrive in Lebanon to discuss proposals to prevent further escalation between Hezbollah and Israel.
- A State Department official said that in Saudi Arabia, Blinken is expected to hold new talks with the Saudi leadership on a potential normalization of relations with Israel.
Follow the money: Tesla's share price spiked more than 12% as investors reacted to news surrounding CEO Elon Musk's visit to China.
- The move raised expectations that Tesla's driver-assistance software Full Self-Driving, or FSD, would soon be available in the country, which is the largest market for electric vehicles.
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Read More
- https://watcher.guru/news/brics-expert-says-us-economy-in-depression-as-dollar-strains
- https://twitter.com/unusual_whales/status/1784342005792821342
- https://www.cnbc.com/2024/04/26/us-china-blinken-stresses-need-to-avoid-miscalculations.html
- https://www.nbcnews.com/news/world/antony-blinken-xi-jinping-china-warns-us-downward-spiral-rcna149486
- https://scheerpost.com/2024/04/28/patrick-lawrence-the-impotence-of-antony-blinken/
- https://www.eurasiantimes.com/acquire-dozens-of-mig-27-mig-29-su-24-jets-from-kazakhstan-to-boost-ukraines-capabilities-reports/
- https://www.kyivpost.com/post/31780
- https://www.realclearpolitics.com/video/2024/04/28/mcconnell_china_russia_and_iran_are_a_more_formidable_combination_than_world_war_two_axis.html
- https://banananomics.co/the_truth_about_ruthless_geopolitical_teams
- https://www.cnbc.com/2024/04/29/tesla-tsla-stock-up-after-passing-hurdle-to-china-full-self-driving.html