Analysis Today TheBitTimes.com

The war-torn Afghanistan ’s conservative government, the Taliban announced that it sold $80 million worth of crude Oil in 10 days. The sales come after BRICS member China poured in $49 million through CAPEIC investment last year to help the Taliban . China helped Afghanistan ’s Taliban government to boost their daily crude Oil output to 8,000 barrels per day (bpd). Taliban is now drilling new Oil wells and aims to generate $500 million in annual revenue from BRICS member China’s investment. Also Read: BRICS: Feds Acknowledge Sanctions Led To De-Dollarization Humayun Afghan, the spokesperson for Taliban’s Ministry of Mines and Petroleum reported that oil sales touched $80 million. The record number of sales was achieved in just 10 days. The Amu Darya basin in Afghanistan contains 962 million barrels of crude oil and 52,025 billion cubic feet of natural gas. BRICS member China is providing the Taliban with all financial assistance and technology to ...

BRICS member China is on a dumping spree as it offloaded billions worth of U.S. treasuries and agency debt in the last seven months. The Communist country is distancing itself from the U.S. economy and is accumulating tonnes of gold in its reserves instead. The People’s Bank of China (PBOC) published a report showing that the country holds 2,250 tonnes of gold in 2024. That’s close to $159 billion worth of gold in China’s reserves while the U.S. dollar is being shown the door. Also Read: BRICS : 2 Countries Use Local Currency For Imports, Ditch US Dollar The dumping of the U.S. treasuries and agency bonds from China falls in line with the BRICS agenda of de-dollarization. BRICS has been the top buyer of gold since 2022 and is replacing U.S. treasuries in its reserves with the precious metal. Read here to know how many sectors in the U.S. will be impacted if BRICS ditches the dollar for trade. Also Read: 10 ASEAN Countries To Ditch the U.S. Dollar BRIC...

Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin. On the latest episode of Macro Markets , analyst Marcel Pechman explains the impacts of the United States Federal Reserve’s balance sheet, breaking down how the Fed inflated its assets by $5 trillion between December 2019 and April 2022. Pechman notes that the expansion period coincides with a 38% crash in the S&P 500 index. Moreover, the Federal Reserve balance sheet surpassed the $8.9 trillion mark right as the stock market index reached its 4,800-point all-time high. The problem, according to Pechman, is that the U.S. Treasury Department has a huge deficit, as the government spends more than it gets from revenues and taxes. Consequently, it needs to start rolling some of the debt instead of letting it expire, so odds are it won’t be able to continue reducing the balance sheet any longer — something that has been a huge c...