Bill’s Commentary:

“…and the “why” BRICS even formed.”

Global Shift to Bypass the Dollar Is Gaining Momentum in Asia

Banks and brokers are seeing rising demand for currency derivatives that bypass the dollar, as trade tensions add a sense of urgency to a years-long shift away from the greenback.

Firms are receiving more requests for transactions including hedges that sidestep the dollar and involve currencies such as the yuan, the Hong Kong dollar, the Emirati dirham and the euro. There’s also demand for yuan-denominated loans, and a bank in Indonesia is setting up a desk for the Chinese currency.

The vast majority of foreign-exchange trades use the dollar even if they’re transferring money between two local currencies. For example, an Egyptian company wanting Philippine pesos will typically transfer its local currency into the greenback before buying pesos with the dollars it receives. But companies are increasingly looking at strategies that skip the dollar’s role as a go-between.

Read more here…

Bill’s Commentary:

“Again, price always follows volume…”

Panic as US vacation rental boom collapses and owners rush to sell at steep discounts

Vacation homes are being dumped at a rapid rate as fresh fears of a housing market crash — and a shrinking pool of renters — rattle sellers. 

The number of people buying second homes has plunged to its lowest level since records began, and is under a third of what it was during the pandemic boom.

A toxic mix of sky-high mortgage rates, soaring maintenance costs, and a widespread return-to-office push is fueling the trend. 

Read more here…

Bill’s Commentary:

“Meet the new boss same as the old boss?”

‘Trump Sides With Pfizer’: Trump’s DOJ Has Dismissed Lawsuit Against Pfizer Concerning Its Fraudulent COVID Jab “Clinical Trial”— Brook Jackson

Pfizer Whistleblower Brook Jackson explains how Trump’s DOJ has dismissed her lawsuit against Pfizer concerning its fraudulent COVID-jab “clinical trial.”

Trump’s DOJ said her case “lacks merit” and “does not align with public health policy.” “The Biden administration had access to the same data that Trump does,” Jackson says.

“The two administrations have held the same position. Nothing has changed.”

Read more here…

The latest from USA Watchdog –

Bill’s Commentary:

“If you want to hear true history, just read Churchill and Roosevelt’s statements on the end of WWII…”

The latest from Erik –

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