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.
MAJOR G7 DECISION Signals the Collapse of Western Led Global Financial System
Lena Petrova: 6-14-2024
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