Tariq Saeedi Part I: The Institutional Realignment of Global Custody A quiet but profound realignment is accelerating within the global financial architecture. For three-quarters of a century, the Federal Reserve Bank of New York and other Western institutional vaults served as the undisputed default custodians for the world’s sovereign wealth. Today, that consensus is … [Read more...]
It is not Yuan against Dollar tussle. It is evolving nature of global economy.
It's interesting to see how trade dynamics are shifting in subtle ways across the globe, driven more by practical needs than any grand showdown. Take the recent buzz from Central Asia, for instance. --- According to a fresh report from Eurasianet, the Chinese yuan is quietly picking up steam as a payment option in regional commerce, especially in Kazakhstan. There, on the … [Read more...]
Is the US Dollar heading toward collapse? – Part Two
Tariq Saeedi The BRICS summit will be held in Kazan, Russia, 22-24 October 2024. Three major announcements are expected. One of them is the launch of the BRICS Pay, an alternative system aimed at de-dollarization. Blockchain-based, it could possibly be one of the biggest geopolitical and economic developments of recent years. Moreover, it will operate as the global south’s … [Read more...]
Is the US Dollar heading toward collapse? – Part One
Tariq Saeedi Is the US Dollar heading toward collapse? --- For some it is an ardent desire and for others it is a worrisome possibility. The fact is the greenback has lately been in troubled waters. However, as of now, its collapse is more of a theoretical inference. What happens to the dollar and what the dollar does to itself, is a matter where the analysts generally … [Read more...]