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This compilation of financial-related insights includes videos from Lena Petrova, Finance Log, and Heresy Financial.
Lena Petrova reports on the India-UAE de-dollarization effort. Jim Rogers joins Finance Log to discuss why the world may be returning to using the gold standard in 2023. Heresy Financial explains the truth about inflation, where we’re headed, and the Fed’s plan.
Lena Petrova, CPA – Finance, Economics & Tax
Aug 12, 2023
De-dollarization Is Underway: India Will Buy Oil From The UAE Using Rupees
Finance Log
Aug 13, 2023
According to Veteran investor Jim Rogers, Throughout history, countries and civilizations have used their available resources to create their monetary systems. This is because money is essentially a medium of exchange, and it needs to be universally accepted and have a relatively stable value. He believes there have been attempts to establish metal-backed currencies like gold or silver standards, but they often face challenges and only last for a short time.
Gold and silver-backed currencies bring forth notable advantages due to their reliance on tangible assets to uphold the value of a country’s currency. Nevertheless, these currencies have their drawbacks. A significant concern arises from politicians’ frequent reluctance to conform to the strictures imposed by such standards. This resistance intensifies when faced with adverse circumstances, compelling politicians to amend established rules. Rogers believes this historical pattern of altering regulations during difficult situations has consistently eroded the viability of gold or silver-backed currencies as stable and dependable systems.
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Heresy Financial
Aug 14, 2023
The Truth About Inflation and Where we’re Headed
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