UCLA Extension Business Insights

Ep. 118 - Preparing for BRIC’s Control of Global Resources in the Recessionary Western World!


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BRICS+ just ended the dollar’s strangle hold on Petro-dollar trade. Russia/China have largely eliminated their dollar trade with Russia eliminating dollar holdings entirely and China seemingly following suit (China is the past largest holder of US government debt). Forget the G20 and now look primarily at the traditional G7; it’s the G7 vs. the BRICS+ (will soon be over half the world’s population, the majority of the minerals, most of the oil, and rapidly growing gold reserves). Expect a serious challenge between these two bloc’s from now on with pressure increasing on the dollar (dollar weakness in a new chronic way). All of this will, of course, be actively denied by the Western politicians and media.
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UCLA Extension Business InsightsBy UCLA Extension Business Programs

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