Heroes of Ukraine

«Market Leader» - news and previews making you rich.

Tuesday, 17 September 06:16 (GMT -05:00)



Business And Politics News

U.S. Dollar May Stop Being Global Reserve Currency Because Of Iran, John Kerry Says


According to John Kerry, United States Secretary of State, the U.S. Dollar may eventually stop being the world’s reserve currency in case the USA rejects the agreement with Iran and goes back to the policy of endless sanctions. This is what he told during his speech in the New-York office of Reuters.

 

 

 

 
On top of that, he says this may happen virtually overnight and the first wakeup calls are already here. For instance, Russia and China are already cooperating in terms of currency swaps.  He urged the U.S. authorities to pay attention to the fact that the so-called BRICS members are acting and do not want to want when the USA tells them what to do. This is confirmed by the latest BRICS summit in Russia. It seems that Putin is initiating a dialog to join forces when fighting the crisis. According to Mr. Kerry, it is important to keep in mind that all that is happening amid the current global market, which is changing since the rivalry never ends and most people are fed up with the system established after World War II. They thing the system is unfair and it doesn’t take into account their needs and interests.
 
Since most of the world thinks that the USA behaves inappropriately and using double standards, the world expresses a stronger desire to change the U.S. Dollar for another more decent global reserve currency.  
 
When touching upon the agreement with Iran, he said that agreement implies that Iran is not going to develop its nuclear program without the USA’s consent.  If the USA decides to cancel the agreement, this will destabilize the situation and worsen the relations with its allies. If that’s the case, the cooperation between the USA and its allies in multiple fields may well be compromised. Therefore, the Iranian nuclear agreement should be ratified.
 
It should be noted that the U.S. Congress has 60 days to discuss the nuclear agreement with Iran, which is also known as the Joint Comprehensive Plan of Action (JCPOA for short).
 
The Congress has two options – approve or reject the JCPOA. Barack Obama is going to veto any decision as long as it goes against the agreement. However, this veto may well be reduced to nothing by 2/3 of the votes.
 
While Obama’s administration is trying to back the JCPOA, most Republican congressmen express heir concern about it.
 
Meanwhile, Mr. Kerry says that if the USA says NO to the agreement already backed by the other UN Security Council members and Germany, this may seriously affect the USA’s external policy. In this case, the USA may deprive itself of the allies’ trust and even their military support if it’s needed.

 

You are free to discuss this article here:   forum for traders and investors

 

Add to blog
Got a question? – Ask it here »
 

Fed Cuts Key Interest Rate For The First Time In 10 Years

The U.S. Federal Reserve is reported to have cut the key interest rate, which is something really outstanding since the Fed has done it for the first time since 2009.

Publication date: 11 August 03:05 AM

New Prime Minister Names Brexit Date

It seem that the new Prime Minister of the United Kingdom is really determined about everything related to the Brexit. The process is expected to start in later 2019. Boris Johnson's standpoint on the matter didn't come as a surprise to the international expert community, Market Leader reports. The thing is, he has been well-known for being an advocate ad big supporter of quitting the European Union in general, and doing so without a major agreement in particular, which is also known as the hard Brexit scenario. 

Publication date: 07 August 06:54 AM

Johnson Launches Hard Brexit Ad Campaign

Boris Johnson, who has recently been appointed new UK Prime Minister, is on his way to launch an ad campaign to promote the idea of quitting the EU the hard way, which is also known as the hard Brexit. For those of you who don't know, the hard Brexit scenario implies quitting the European Union without signing a major agreement.

Publication date: 31 July 11:43 AM

U.S-China Trade War Is Sponsored By Consumers

According to the IMF, consumers and producers are the biggest losers in the trade war between the United States and China. Despite growing duties, American companies are not in a hurry to move their production back to the USA.

Publication date: 12 July 01:19 AM

US-China Trade Conflict May Trigger Another Global Financial Crisis

Beijing and Washington are one step away from escalating their trade conflict. The confrontation may harm the entire global economy. Some experts belive that the trade war may also trigger another global financial crisis. At this point, the parties seem to have come to a standstill, which is why the chances of the conflict escalating into a move severe trade war are still growing.

Publication date: 18 June 10:18 AM

WTO Lowers Global Trade Growth Forecast

 WTO experts are reported to have revised their forecast for the pace of global trade growth. The renewed forecast names figures below the previous ones - 2,6% against 3,7%. It's also interesting to note that the previous forecast for 2018 failed to match the actual figures.

 
Publication date: 19 May 02:58 AM

How to Protect Investment Capital in 2019?

Existing political and economic risks are pushing international investors into thinking about the security of their investment capital. Chasing big profits becomes secondary to this kind of security.

Publication date: 31 March 11:26 AM

EU Comes Up With Workaround to US Sanctions

The representatives of Germany, France, and the UK have registered a company to let it trade with Iran despite the US sanctions. The company still needs to be approved by 28 EU members.

Publication date: 31 March 02:33 AM

Beijing and Washington are getting ready for the final talks

Publication date: 17 February 08:58 AM

US-China Trade War Reaches Next Level

Washington and Beijing have announced a new round of talks. International experts say that the trade war is indeed going to a whole new level.
Publication date: 08 January 10:17 AM