The economies of Russia, China, Iran, Brazil, Saudi Arabia, South Africa, Egypt and the expanded BRICS+ nations are all well positioned to grow, as the U.S., Canada, Japan, Australia, New Zealand and the E.U. are well positioned to shrink.
There are many reasons why the U.S. dollar is going to remain the dominant global currency for a long time, so the BRICS idea of a new international payments system is best interpreted as an attempt to restore sanity to an increasingly absurd financial system.
The BRICS alliance is going to deliver some pain to the Western alliance. With our leadership chasing climate change and Green New Deal policies, we are going to see more durable inflation as the cost of oil is attached to just about every product and service.
On this episode of The John-Henry Westen Show, I'm joined by Drew Mason of St. Joseph Partners to discuss the potential financial crisis that could happen if several countries move away from the U.S. dollar as a reserve currency.
'The recent provocation and arrogance by the World Bank Group on [the] subject of the homosexuals' reflects a 'shallowness in philosophy, ideology and strategy, that interferes with the global efforts to generate consensus for the good,' charged Uganda president Yoweri Museveni.