Is This Just Inflation, or Are We Headed for an Economic Nightmare?
PatriotR Daily News 6/5/24
June 05, 2024
FINANCIAL NEWS
Is This Just Inflation, or Are We Headed for an Economic Nightmare?
Claudia Sahm, an economist, says people are right to be worried about inflation even if economists say things are calming down. Prices are still way up compared to a few years ago, even if they aren't going up quite as fast. This is making people feel gloomy about the economy, and Sahm is worried this gloom is due to more than just economics. It could be the stress of the pandemic or the negativity we see everywhere online. The scary part is this gloom might be a sign of something even worse to come. Read More.
ECONOMICS FOCUS
Cracks in the American Empire: Will BRICS De-dollarization Cripple the US Economy?
The BRICS alliance, led by Russia and China, is pushing an agenda that could shake up the global financial system and threaten the US dollar's dominance. They're reducing their reliance on the dollar, stockpiling gold, and discussing a new BRICS currency. This could weaken the dollar's influence and make US sanctions less effective. Other countries are also looking for alternatives, and a successful BRICS move could accelerate this shift. The potential consequences for the US are scary: a weaker dollar, less effective foreign policy tools, and possibly even more economic woes. Read Now.
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