Jim Willie and Sean Foo Saturday PM 8-19-2023
Jim Willie: BRICS Meeting, Gold, & The Latest On Silver
Arcadia Economics: 8-19-2023
While the world waits to see what the BRICS nations may or may not announce regarding a new currency block at their meeting next week, what seems less in question is the overall trend of countries setting up trade facilities that don't involve dollar dependence.
The removal of Russia from the SWIFT system last year continues to serve as a turning point in the global economic arena, and Dr. Jim Willie joins me on the show to talk about the balance of power that's taking place as we speak.
He describes the pressure that's being put on the treasury market, at the same time an increasing list of nations are adding gold via central bank purchases, and how that will continue to affect the financial markets.
Jim also talks about some of the recent developments in the silver market, and how he sees it evolving at the same time we're seeing the BRICS move away from dollar infrastructure.
He discusses conditions with the silver supply, how the banks will ultimately respond, and some of his thoughts on the American Eagle situation.
So to hear the latest from Dr. Jim Willie, click to watch the interview now!
Germany’s Industrial Collapse Is WORSE Than We Thought
Sean Foo: 8-18-2023
The German economy is getting crushed and is expected to stagnate well into 2025. There is a confluence of storms that include higher energy prices, labour shortage and decoupling from China. Here's why the once proud powerhouse of Europe is now facing their biggest economic crisis.
Timestamps & Chapters
0:00 Germany Is Stagnating
2:32 Energy Crisis Isn't Over
4:57 Deindustrialization Pain
7:43 Inflation Still Sky High
9:55 Germany's Big Gamble
12:17 A Miracle Is Needed