I recently did a Google search for the latest news on the “petrodollar”—most of the mainstream press sources were reporting that any news on the end of the petrodollar is “fake news.”
Wonderful article. I’m not sure about the gold thing with FDR. However, I disagree with her on BRICS. The rest of the world is tired of the globalist west. If a country steps out of line to their rules based world where they make the rules, then sanctions are imposed or assets are seized. The BRICS are well on where many countries eschew the dollar and are trading in their own currencies. Saudis take Chinese currency for oil. Indians pay Russians in rupees, etc. What remains to tie it together is a clearing mechanism which I think will be revealed at the next BRICS meeting in Kazan Russia in the Fall. The Chinese and Russian financial people worked on it in China a few weeks ago. Mudi will spend 4 days in Moscow this week and I am sure it is a big topic. Elvira Nabiullina Russia’s finance minister is thought to be one of the finest chief economist on the planet. She shepherded Russia through all the sanctions where today the Russian economy is one of the best. She will be involved in the BRICS clearing architecture. The Chinese and the Indians have big brains. It will be interesting to watch.
Wonderful article. I’m not sure about the gold thing with FDR. However, I disagree with her on BRICS. The rest of the world is tired of the globalist west. If a country steps out of line to their rules based world where they make the rules, then sanctions are imposed or assets are seized. The BRICS are well on where many countries eschew the dollar and are trading in their own currencies. Saudis take Chinese currency for oil. Indians pay Russians in rupees, etc. What remains to tie it together is a clearing mechanism which I think will be revealed at the next BRICS meeting in Kazan Russia in the Fall. The Chinese and Russian financial people worked on it in China a few weeks ago. Mudi will spend 4 days in Moscow this week and I am sure it is a big topic. Elvira Nabiullina Russia’s finance minister is thought to be one of the finest chief economist on the planet. She shepherded Russia through all the sanctions where today the Russian economy is one of the best. She will be involved in the BRICS clearing architecture. The Chinese and the Indians have big brains. It will be interesting to watch.