Economist’s “News and Views” Wednesday 3-27-2024

China Crackdown On Evergrande $78B Fraud, Major US Port Shutdown After Collision Collapses Bridge

Sean Foo: 3-27-2024

China is cleaning house and doing a big crackdown on Evergrande. Regulators have accused the developer of the world’s biggest financial fraud and it’s indeed massive in scale.

Meanwhile, a tragedy just hit the city of Baltimore. Because of a collision, the Key bridge has collapsed causing a total shutdown of the Baltimore port.

Here’s how severe this crisis is and how the US supply chain is affected.

Timestamps & Chapters:

0:00 China’s Massive Evergrande Crackdown

3:07 Developers Collapsed Everything

7:13 Baltimore Port Total Shutdown

9:52 Big Supply Chain Collapse

13:00 New Inflation Crisis Coming

https://www.youtube.com/watch?v=GbkDYZ6TKJg

Vince Lanci: The Dollar’s Still King, But Its Throne Is Cracking

Arcadia Economics: 3-27-2024

It”s a strange environment we live in. Where the dollar is the world’s reserve currency, yet it continues to lose value, and as a result, a large portion of the world is spending a lot of time trying to figure out alternatives.

And in today’s show, Vince Lanci looks at how the dollar is still the king, yet talks about why that status is being questioned, and is going to be diminished over time.

Changes in the international monetary sphere are happening now, and the shifts suggest that 30 or 40 years from now, we’ll look back at this period as a pivotal time in the financial landscape.

To understand why, and to be prepared for what’s building, click to watch the video now!

https://www.youtube.com/watch?v=QdS59laaoaI