Trump’s G20: Back to Basics

by Barry D. Wood As a crisis response entity, the Group of 20 was superb. In 2009 at the nadir of the global financial crisis, leaders from lands accounting for 85% of global output agreed to flood their stumbling economies with cash—demonstrating to a benumbed public that competent leadership was in charge, that confidence would be restored—and most importantly–there would not be a worldwide depression. … Continue reading Trump’s G20: Back to Basics

The Renminbi is Unlikely to Displace the Dollar as a Global Currency

dailyfriend.co.za May 10, 2026 The Chinese renminbi is unlikely to become globally dominant OPINIONS    – LISTEN TO THIS On 29 April, outgoing Federal Reserve chairman Jerome Powell warned that political interference put at risk the central bank’s ability to pursue independent monetary policy, which he labeled as one of the reasons “why the US economy is the envy of the world”.  Central bank independence, Powell continued, … Continue reading The Renminbi is Unlikely to Displace the Dollar as a Global Currency