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American trend forecaster Gerald Celente says that BRICS is ready to put the US dollar on its death bed. He argued in a podcast with Cuban-American journalist Rick Sanchez that the alliance has become self-sufficient and no longer needs the US dollar for survival. Members such as China and India have a robust economy and can survive without depending on the USD. China dominates the manufacturing sector, and the US and other Western nations depend on its products to conduct day-to-day business. Russia, despite sanctions, is seeing its economy grow by 1.4% in FY 2024-25. In addition, India’s economy no longer depends on the US and is much self-sustained with local manufacturing and jobs. The BRICS economy is growing and could push the US dollar to its death bed. Also Read: BRICS Countries List Expands in Global Shift, 32 More Waiting to Join “The death of the US dollar has begun as BRICS grows self-sufficient,” said Celente. He explained that the recent tariffs on India...

De-dollarization is rapidly accelerating across Asia as the US dollar weakens over 9% against major currencies right now. BRICS nations and also local currency initiatives are driving currency substitution efforts, fundamentally reshaping Asia’s financial landscape and challenging traditional dollar dominance at the time of writing. Source: TradingView Also Read: BRICS Currency Alliance Impact on Global Markets Understanding Asia’s Drive For Currency Substitution, BRICS Ties & Local Currency Gains Source: Asia Times De-Dollarization Timeline and Market Response The de-dollarization process began over a decade ago, but recent developments mark a significant acceleration right now. Bloomberg’s Stephen Chu explains the timeline and also the current market dynamics. USD share of FX reserves has fallen – Source: JP Morgan Chu stated: “This period actually has started. I’d say over 10 years ago, in 2014 when there’s this Russia and Crimea incident. A...

Japanese automaker Toyota has announced an $88 million US investment to boost its hybrid vehicle output amid a growing tariff war. The company will spend $88 million at an engine factory in West Virginia to boost production of gas-electric hybrid vehicles in the US. The plant’s investment now sits at over $2 billion and reinforces long-term job security to its more than 2,000 team members. JUST IN: Japanese automaker Toyota announces $88 million US investment to boost hybrid vehicle output amid tariff war. — Watcher.Guru (@WatcherGuru) April 23, 2025 “This investment is another example of Toyota’s ‘build where we sell’ philosophy and further proof of the company’s confidence in our team members,” said David Rosier, president of Toyota West Virginia. “Their willingness to embrace innovation and champion bold ideas continues to drive us forward, and we’re proud to play a pivotal role in providing customers with a variety of drivetrain options.” President Donald Trump singled out T...

In the midst of the massive economic policy aimed at balancing trade, Honda has announced that it will increase US manufacturing amid the ongoing tariff plan from President Donald Trump. Indeed, the automaker is set to shift its production out of its North American neighbors Canada and Mexico with the move. The decision comes as the Trump administration has enacted sweeping import duties on the automobile industry. Now, the Japanese-based company is responding with hopes of bringing its production into the country issuing the tariffs. The firm is reportedly looking to ensure 90% of US-sold cars are built domestically. JUST IN: Honda to increase manufacturing in the United States, shifting production from Canada and Mexico. — Watcher.Guru (@WatcherGuru) April 15, 2025 Also Read: Trump’s Economic Fix? Why His Tariff Pause Won’t Solve the Crisis Honda Shifts Manufacturing Out of Mexico, Canada: Looks to Sell US-Made Cars The global economy looks to undergo a massive transition over the ne...