Several disturbing events are happening. The dollar, the pound, the euro and the yen should soon have zero value. In America that means Nationwide Food Riots and the cities burn to the ground.
China just forgave the debt of 17 African nations. That is an unusual move. What I believe they are doing is lining up support for the next big move which could happen at the 2023 BRICS (Brazil, Russia, India, China, South Africa) meeting in May in Beijing. Sergey Glazyev, Minister of Integration and Macroeconomics of the Eurasian Union, wants all BRICS members and everyone from the Global South to refuse to repay loans denominated in dollars, pounds, euros, and yen. From that day forward trade would be conducted either in a basket of commodity backed BRICS currencies or in local ones with trade accounts settled in gold.
Bloomberg just recently noticed that the velocity or turnover of…
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