Fastepo reports that Iran and Russia are making progress in their plans to establish a unified currency for the BRICS+ nations. This groundbreaking initiative was announced by Iranian Ambassador to Russia, Kazem Jalali, during the “Russia – Islamic World: KazanForum” in May 2024. Jalali expressed Iran’s strong commitment to this strategic move, which aims to reduce reliance on the US dollar and promote strong economic cooperation among BRICS countries. The KazanForum, held from May 14-19, 2024, played a crucial role in discussing this ambitious project. Iran’s active involvement in BRICS aligns with its broader goals of mitigating the impact of US sanctions and strengthening economic ties with major global players such as China and Russia. This initiative is an important part of a larger endeavor to develop a blockchain-based digital currency payment system, which aims to ensure more secure and efficient cross-border transactions within the BRICS framework.
Lena Petrova converses with Richard D. Wolff, a retired Professor of Economics from the University of Massachusetts, Amherst, on various topics including U.S. economic policy, recent tariffs, the potential negative consequences of protectionist measures, the rising influence of BRICS+ countries compared to the G7, and other relevant issues.
David Lin is joined by Adrian Day, the President of Adrian Day Asset Management, as they delve into the topic of the prolonged period of higher interest rates, which Day refers to as the “suffering phase.”
In his analysis, Mark Moss delves into the profound influence that the advent of novel technologies has exerted on our economy over the course of history. However, the current situation presents a heightened level of intricacy compared to previous instances.
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Fastepo
May 19, 2024
Iran and Russia are forging ahead with plans to create a unified currency for the BRICS+ nations, a groundbreaking initiative announced by Iranian Ambassador to Russia, Kazem Jalali, during the “Russia – Islamic World: KazanForum” in May 2024. Jalali passionately emphasized Iran’s unwavering commitment to this strategic move, which seeks to diminish dependence on the US dollar and foster robust economic cooperation among BRICS countries.
The KazanForum, held from May 14-19, 2024, served as a crucial platform for discussing this ambitious project. Iran’s active participation in BRICS aligns with its broader objectives of mitigating the effects of US sanctions and strengthening economic ties with key global players like China and Russia. This initiative is a significant component of a larger effort to develop a blockchain-based digital currency payment system, designed to ensure more secure and efficient cross-border transactions within the BRICS framework.
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Lena Petrova
May 19, 2024
Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University, New York City.
Earlier he taught economics at Yale University (1967-1969) and at the City College of the City University of New York (1969-1973). In 1994, he was a Visiting Professor of Economics at the University of Paris (France), I (Sorbonne). Wolff was also regular lecturer at the Brecht Forum in New York City.
Prof Wolff is the co-founder of Democracy at Work and host of their nationally syndicated show Economic Update.
In the interview, we discuss U.S. economic policy, latest tariffs and how protectionist measures will backfire, BRICS+ gaining momentum and surpassing G7 and more.
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David Lin
May 19, 2024
Adrian Day, President of Adrian Day Asset Management, discusses the the coming “suffering phase” for most people as interest rates stay higher for longer.
*This video was recorded on May 17, 2024
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Mark Moss
May 19, 2024
Throughout history, the introduction of new technologies has had a massive impact on our economy.
This time it’s more complex than usual.
So in this video, I will break down:
How the tech race is changing the world as we know it
The opportunities for us to join the race
And how to safely position our investments in a win/win scenario
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