Heresy Financial is warning investors that a tumultuous era of rising prices, similar to the 1970s, has commenced with the emergence of a second wave of inflation.
In light of recent economic struggles in Europe, Sean Foo brings attention to the regret felt by prominent leaders such as France, Italy, and Germany. Despite facing the harsh reality, Macron of France shows no signs of slowing down in importing Russian LNG, while Italy turns to China for trade relations repair after cancelling the Belt Road project. On the other hand, Scholz is in Beijing, desperately trying to salvage the German economy. It is clear that swift and effective actions must be taken to address these pressing issues. Here’s what you need to know about the current situation.
The latest Tech Revolution headline has caused a stir as it reveals that Russia and China, two major global powers, have joined forces to disrupt the traditional economic landscape. In a bold move, they have decided to rely on their own currencies rather than the dominant US dollar for their trade. This strategic partnership not only marks a shift in economic policies but also deepens the bond between the two nations, both in terms of economic ties and national security. This development is sure to have a significant impact on the global stage, with all eyes on the emerging collaboration between Russia and China.
Steven Van Metre sounds the alarm for Bank of America’s account holders, delivering an urgent warning about potential risks and vulnerabilities within the bank’s system.
David Lin and Michael Gayed, Portfolio Manager of Tidal Financial Group, delves into the pressing issue of the ‘currency crisis’ and its impact on the current market conditions. Gayed shared his insights on the situation and speculated on the potential future outcomes for various markets.
=======================================
Heresy Financial
Apr 15, 2024
0:00 Video Overview
0:10 2020 Money Printing
2:33 The Cantillon Effect
5:33 The Jobs Market
8:22 Will the Fed Cut Rates
Advertisement
______________________________________________________
=======================================
Sean Foo
Apr 15, 2024
Europe is having big economic regrets with reality hitting France, Italy and Germany. France is still buying Russian LNG, in fact, Macron is increasing volumes. Italy is also heading to China to repair trade relations after ditching the Belt Road project. Meanwhile, Scholz is in Beijing trying to rescue the German economy. Here’s what you must know!
=======================================
Tech Revolution
Apr 15, 2024
The world of money and finance is like a big puzzle, with pieces from different countries, markets, and banks all fitting together. For a long time, the US dollar has been like the king of the puzzle, the main currency that everyone wants and uses. But lately, things are changing.
Russia and China, two big players in the world, are teaming up to shake things up. They’re working together to use their own money instead of relying on the US dollar. This means they’re trading with each other using their own currencies, not just the dollar. And they’re also becoming closer friends, both economically and in terms of security.
Advertisement
______________________________________________________
These changes show that the world of money is always changing and facing new challenges. New technology, like China’s digital money, could make things even harder for the dollar. And big political tensions around the world also make countries want to use their own money more, instead of relying on the dollar.
Now, let’s take a closer look at Russia and China’s relationship. They’re like two old friends who’ve known each other for a long time and are getting even closer. They help each other out economically, with Russia giving China things like oil and gas, and China buying lots of stuff from Russia. They also think alike politically, not really liking the way the West does things and wanting to make the world a bit fairer.
But even though they’re friends, China is kind of the big brother in this relationship. It’s bigger and more powerful than Russia, which might cause some problems down the line. Still, their friendship is a big deal and could change things on the world stage.
Now, let’s talk about the times when Russia, China, and the US haven’t really gotten along in the money world. They’ve had fights over lots of things, like trade and money stuff. The US has even put sanctions on Russia, trying to hurt its money and make it do what the US wants. But Russia fights back, making things even harder between them.
China’s also been causing some trouble for the US. It’s been getting really big and strong, which makes the US nervous. They argue about stuff like who owns ideas and who gets to sell what to who. It’s like a big money fight that never ends.
The US dollar being the top money in the world is a big deal. But Russia and China are trying to change that. They’re working on using their own money more and making new ways to do money stuff without the US dollar. It’s like they’re saying, “We don’t need you, dollar!” which could be a big deal for the whole world.
Now, let’s focus on Russia’s plan to use less US money. They’re doing lots of things to make it happen. They’re making new ways to pay for stuff without using the dollar, like using their own digital money. They’re also trying to use other countries’ money, like China’s yuan, instead of the dollar. And they’re teaming up with other countries, like China and India, to make it happen.
Russia’s also been buying lots of gold lately. They think gold is really important and want to have lots of it. It’s like they’re getting ready for a big fight with the US dollar and want to have something strong to fight back with. By the end of 2023, they had even more gold than US dollars, which is a big deal.
Now, let’s take a look at China’s money plan. They want their money, the yuan, to be as big as the US dollar. They’re doing lots of things to make it happen. They’re giving money to other countries for big projects, like roads and bridges, and asking them to use the yuan instead of the dollar. They’re also setting up places outside of China where people can use the yuan to buy stuff.
China’s also been asking other big money groups to treat the yuan like it’s as good as the dollar. And it’s been working! More and more countries are using the yuan, which is making China really happy.
Advertisement
______________________________________________________
Finally, let’s talk about how Russia and China are working together to fight the US dollar. Some people think they might even make their own new money, kind of like a club of countries’ money. This new money would be backed by their own money, not just the dollar. It would be a big deal and could change the way money works around the world.
But making new money is really hard. They have to make sure everyone trusts it and wants to use it. And they have to agree on how it’ll work, which isn’t easy when countries have different ideas about money. So, while Russia and China are trying to shake up the world of money, it’s still a long way from happening.
=======================================
Steven Van Metre
Apr 15, 2024
Bank of America’s Urgent Warning to All Account Holders
=======================================
David Lin
Apr 15, 2024
Michael Gayed (@leadlagreport), Portfolio Manager of Tidal Financial Group, discusses the “currency crisis” that is already here, and what happens next to markets.
*This video was recorded on April 15, 2024
______________________________________________________
If you wish to contact the author of a post, you can send us an email at voyagesoflight@gmail.com and we’ll forward your request to the author (if available). If you have any questions about a post or the website, you may also forward your questions and concerns to the same email address.
______________________________________________________
All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.
Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.
Copyright © Dinar Chronicles
Advertisement
______________________________________________________
