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China is pushing the Chinese yuan to become a BRICS reserve currency, challenging the US dollar in global trade. While Russia and Brazil heavily use the yuan for oil and commodity payments, India and South Africa remain cautious. They prefer a multicurrency system instead of using only the Chinese yuan. The internal divide among member nations is not letting the alliance grow to its full potential. While China has not officially urged BRICS members to make the yuan the reserve currency, the steps the Communist country has taken to embolden the currency raise serious doubts about its agenda. However, during the 2023 and 2024 summits, the Xi Jinping administration suggested using the yuan in trade, cross-border payments, and central bank reserves. Also Read: Minister Drops Major New Hint on BRICS Currency China advocated that member nations reduce reliance on the US dollar and begin trading in local currencies, especially the yuan. It made BRICS members, Russia, Brazil, and other countri...

The Chinese government has always made its intent known to the world when it comes to the US dollar. China wants to lead the world, and to do so, it needs to aggressively deploy methods to internationalize the Chinese Yuan. As the US dollar continues to weaken due to Trump’s fierce tariff policies, the time is ripe for China to strike. Here’s what China may end up doing if the US dollar continues to weaken in the future. Also Read: Goldman Sachs: De-Dollarization Forecast Spurs New Financial Trends The American Currency is on the Verge of Collapse Source: Watcher.Guru Ray Dalio, the seasoned economic expert and head of Bridgewater’s Associates, had recently issued a stark warning for the US economy. Talking about his prediction in detail on X, Dalio shared how the US economy is moving towards a state where a financial heart attack may wreck the US economy. Dalio’s emphasis was on the rising US debt situation and how it may end up diluting the US economy, leading it to ...

US Commerce Secretary Howard Lutnick is calling for Fed Chair Jerome Powell to resign, the secretary said in a Fox interview on Thursday. Lutnick said that Powell “has to go” and recommended getting a replacement Fed Chair soon. JUST IN: Commerce Secretary Howard Lutnick calls for Fed Chair Jerome Powell to resign. pic.twitter.com/0HbwJ0fZOn — Watcher.Guru (@WatcherGuru) July 24, 2025 “He should either resign or be replaced,” Lutnick said in the Fox interview. He also discussed the hesitance from the Federal Reserve to lower interest rates, something US President Donald Trump has also bashed Powell for. “It makes no sense… We are the most important country in the world with the greatest economy in the world. Why in the world do we have such a high interest rate? It’s got to be cut down,” Lutnick said. Fed officials have defended the pause on rate cuts due to uncertainty over the effect of tariffs on prices and that inflation hasn’t yet re...