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 Daily Friend dailyfriend.co.za May 24, 2026 Continue reading Why Did the Gold Price Rise So Much in 2025 and Early 2026?
July 30, 2023 The Daily Friend read the article The BRICS (Brazil, Russia, India, China, South Africa) aspire to be a steering committee for emerging market economies. Despite China and India registering stunning success, the BRICS have a long road to travel. And the idle talk about displacing the dollar in trade and finance doesn’t help. Continue reading Idle Talk About BRICS and Demise of the Dollar
On May 29 Germany’s Angela Merkel vetoed President Trump’s plan to host this year’s Group of Seven summit in Washington at the end of June. Chancellor Merkel said the still active corona virus made it impossible for her to travel to the US. Merkel’s public declaration did not sit well with the president who envisaged a face to face gathering of global leaders as an electoral … Continue reading President Trump Wants to Expand the G7. Can He Do That?
