Ep. 118 - Preparing for BRIC’s Control of Global Resources in the Recessionary Western World!
Description
BRICS+ just ended the dollar’s strangle hold on Petro-dollar trade. Russia/China have largely eliminated their dollar trade with Russia eliminating dollar holdings entirely and China seemingly following suit (China is the past largest holder of US government debt). Forget the G20 and now look primarily at the traditional G7; it’s the G7 vs. the BRICS+ (will soon be over half the world’s population, the majority of the minerals, most of the oil, and rapidly growing gold reserves). Expect a serious challenge between these two bloc’s from now on with pressure increasing on the dollar (dollar weakness in a new chronic way). All of this will, of course, be actively denied by the Western politicians and media.
This week, we’ll talk about the implications of the BRICS+ meeting, increasing long term interest rates, and the continuing vast amount of dollars coming into the U.S. stock and bond markets.
Historically, in war times, money moves out of higher geographical risk areas into U.S. dollar...
Published 10/31/24
Most of the leading Western countries going into or well into recessions while Russia and China organize BRICS+ against the dollar and economic leadership.
The implications of chronic under-reporting U.S. employment and inflation in the context of increasing long term interest rates and out of...
Published 10/17/24