Economist’s “News and Views” Friday 6-14-2024

Jim Rickards Predicts a Gold-Backed BRICS Currency Amid Stagflation Fears

Economy Express:  6-13-2024

In this compelling analysis, renowned economist Jim Rickards shares his bold prediction of a potential game-changer in the global monetary landscape: a gold-backed currency within the BRICS alliance.

Against the backdrop of looming fears of stagflation—a concerning economic phenomenon characterized by slow growth and high inflation—Rickards explores the implications of such a move.

With his keen insights, Rickards delves into the motivations behind this speculative shift, highlighting the growing distrust in traditional financial instruments like US treasuries.

Join us as we unravel the complexities of Rickards' forecast and delve into the potential ramifications for the global economy.

https://www.youtube.com/watch?v=FH0J-Nh-ZBk

MAJOR G7 DECISION Signals the Collapse of Western Led Global Financial System

Lena Petrova:  6-14-2024

https://www.youtube.com/watch?v=7IM-m076kI8

China Cut US Imports And Increase BRICS Imports: What Next

Fastpo:  6-13-2024

In a strategic move, China shift from U.S. corn, a move that is altering international trade dynamics and impacting agricultural markets.

 Let's examine the significant reasons behind China's 27.3% reduction in U.S. corn imports in 2022, which is part of a broader strategy to strengthen domestic supply chains and reduce geopolitical risks.

This shift is driven by high U.S. corn prices, geopolitical tensions, and supply disruptions due to the Russia-Ukraine conflict, which has curtailed Ukraine's corn exports, prompting China to look for alternative suppliers

https://www.youtube.com/watch?v=hOq24a6_jsw

 

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