Global Reserves Held in US Dollars Fell to Less Than 50% — Official States It Has Become a ‘Toxic’ Currency
The percentage of reserves held in U.S. dollars by central banks has fallen to less than half of the global total of reserves, according to a note from Eurizon SLJ Asset Management. The note states that the recent sanctions enacted by the U.S. against the Bank of Russia have eroded trust in the dollar as a reserve currency. Central Bank Dollar Reserves Hit 47% as Trust in the Currency Erodes Central banks are beginning to diversify...
White House Economist Warns China Wants to Weaken US Dollar’s Reserve Currency Status — Senator Says Biggest Threat Comes From Within
In a congressional hearing, White House economist Jared Bernstein says there’s “some evidence” that China wants the U.S. dollar to lose its status as the world’s reserve currency. However, U.S. Senator Bill Hagerty stressed that the biggest threat to the USD dominance comes from within. China Wants to See U.S. Dollar Losing World’s Reserve Currency Status, Says Bernstein White House economist Jared Bernstein answered some...
Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration
Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the level of coordination at OPEC Plus aimed at ensuring the global oil market stability,” the Kremlin press service details. Putin and Saudi Crown Prince Discuss Key Bilateral Issues, Including...
Legit Torrents Shuts Down After 17 Years
Over the years, we have reported on the demise of hundreds of torrent sites. Many of them folded due to legal pressure. This week yet another site bites the dust; one that has been around since 2005, when the likes of TorrentSpy and Mininova ruled the scene. While those two giants would eventually succumb to legal pressure, Legit Torrents kept on going. Unlike most others, this site specifically focused on content that would not cause...
10 ways to celebrate Earth Day with open source
10 ways to celebrate Earth Day with open source admin Sat, 04/22/2023 – 03:00 Even though we strive to live every day like Earth Day here on Opensource.com, today is an especially good day to discover new ways to help the planet. Open source brings forth many possibilities for people from all areas and levels of technical expertise. There are open source tools anyone can use to explore nature’s magic, whether looking up at...
