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New Trade Strategies For 2023?
China and Saudi Arabia considering trading oil using their own currencies, like the yuan. But this often fails because limited use of the other currency creates problems. A solution could be using a shared currency for trade among multiple countries, avoiding these issues. For example, Russia could use this shared currency from China to buy from Argentina.
Watch more of this short video from Jim Rickards: Western Economies About To Slam Into A BRICS Wall?
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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?
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