Sir, thank you for the sharing. Appreciate your foresight at the world economy. So when will the story end? Will G7 disintegrate? Who will replace G7? BRICS?
Really enjoyed Dr Guo Cheng-Liang's analysis in today's program especially his assessment "Following BRICS summit meeting this year, there would be an announcement by BRICS of trading of OIL, NATURAL GAS, NATURALLY PRODUCED FOODs, and CHINA MANUFACTURED GOODs would move away from US dollars based trading" because BRICS countries want to use non-US dollar currencies to trade OIL, NATURAL GAS, NATURALLY PRODUCED FOODs, and CHINA MANUFACTURED GOODs. This would trigger a struggle between the Wall Street controlled financial firms with the BRICS countries regarding the pricing of these goods. I am not sure how this will turn out but for sure it would cause disruptions to global trade which means price swings, possibly global inflation will worsen. Could this mean a return to the 1930s style global depression which was caused by gloabl escalating trade wars leading to global recession. Really hope the global powers have learned its lessions from the 1930s global recession which took WWII to get it out of global recession. Should we be looking at WWIII ending this world as we know it as the eventual outcome ? Heaven forbid !