Decades just happened in weeks. The West is fiddling while Rome burns.
As the US corporate, political, and social leaders weep over wholly imagined attacks on the trans community, the BRICS countries are quite busily dismantling the prior dollar-based arrangements that kept everything as it was.
With that dismantling comes a profound and rapid loss of US prestige and power and influence.
After all, what good are economic sanctions if you have no monetary hold over a country? It’s pissing in the wind; a lot of noisy complaints that do nothing and land nowhere.
So this episode is another warning.
We I the west haven’t got much time to get our affairs in order. I’m hoping for a couple of years, but planning as if it’s only a couple of months.
In our hyperconnected, computer-driven markets what used to take years can now unravel in hours or even minutes.
This episode makes the point that if the dollar falls (while interest rates on US bonds rise) this means that a collection of foreign parties are walking away from the dollar and from US leadership.
If/when that happens, you can expect everything that is imported to spike in price. So the strategy is to buy now, while you can, at cheaper prices.