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US President Donald Trump and Chinese leader Xi Jinping prepare to meet for the first time since 2019 to finalize the trade deal. The meeting is set up in Gyeongju, South Korea, after a fierce rivalry broke out between the two nations since Trump imposed tariffs. However, gold proponent Peter Schiff cautioned that even if the US-China trade deal goes forward, de-dollarization will never stop. Also Read: Trader Loses Life Savings After Going All-In on Beyond Meat Stock China Will Continue the De-Dollarization Process, Says Peter Schiff Source: Shelbi Austin / Pavel Brykin / Li Muzi / Sputnik / AFP / Xinhua / Getty Images Schiff warned that the US-China deal will do nothing to address the rising budget deficits, interest rate cuts, soaring inflation, and de-dollarization. The average American will gain nothing out of the deals as the economic situation worsens in the homeland. He stated that Trump is trying to solve a problem that would not have existed if he hadn’t started it in th...

“We don’t support any BRICS currency,” said India’s Union Commerce Minister Piyush Goyal in February. “I don’t think there’s any policy on our part to replace the US dollar,” said India’s External Affairs Minister S. Jaishankar in March. The move was intended to make the message reach China and Russia before the 17th summit in Rio de Janeiro on July 6 and 7. Several leaders in India have openly embraced the US dollar by distancing themselves from the formation of the BRICS currency. The development highlights the power struggles of the alliance where each member has different ideologies. There is no ‘one size fits all’ policy in the bloc as member nations look to undercut each other’s principles. Also Read: China Increases Quota for Foreign Investments Ahead of BRICS Summit Appreciate India Rejecting BRICS Currency, Says Start-up Founder & Financial Analyst Source: The Canadian Press / AP, Matias Delacroix Popular financial analyst...

Donald Trump is leaving no stone unturned to strengthen the US economy and is exploring all sorts of ways to uplift the nation’s economic stance. In this wake, Trump has launched a new “gold card” for immigrants, allowing them to purchase the card for $5 million. This card will enable outsiders to live in the US while allowing them to avail themselves of US citizenship later on. However, Trump’s Gold Card idea has gained widespread criticism, with many touting the move as a strategy enabling “only” wealthy immigrants to come to the US. At the same time, Trump was noted stating how this gold card might be the ultimate way to help shake off the mounting US debt. What does this mean? Let’s find out. Also Read: Apple Stock March 2025 Price Prediction: Should You Buy AAPL? Trump Golden Card: What It Means? Source: Axios Donald Trump recently announced his novel “gold card,” a venture that would allow immigrants to purchase US citizenship. Trump has priced the gold card at a whopping $5...