Europe’s economic engine is stalling: Germany deindustrializes (www.politico.eu)

submitted 1 year ago by NightOwl@lemmy.fmhy.ml to c/worldnews@lemmy.ml

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[-] zephyrvs@lemmy.ml -5 points 1 year ago* (last edited 1 year ago)

BRICS is slowly gaining steam, Saudis no longer selling fossil resources exclusively in Petro Dollar, African nations are calling for their members of parliament do derisk of a US dollar collapse by selling whatever dollars they're still holding, inflation is rising due to the FED raising interest rates.

Probably won't happen this year but I'd be surprised if the dollar didn't start dipping in 2024.

[-] Ooops@feddit.de 15 points 1 year ago

inflation is rising due to the FED raising interest rates.

That's probably the most none-sensical statement I read for quite some time.

[-] EnderWi99in@kbin.social 1 points 1 year ago

Yeah this person just lined up a series of completely idiotic statements. The FED raising rates lowers inflation, and inflation in the US is back down to 3% as of this past quarter. They also claimed BRICS was taking off when it's literally quite the opposite. BRICS is never going to happen with its member countries basically in opposition of one another.