MikeCristo8
@MikeCristo8
Don’t be surprised if China devalues the yuan against their gold reserves to get a $40 USD oil price.
That will bring down the dollar.
The relationship between gold and oil since 1900 and now, and the relationship between the dollar and oil.
That’s why BRICS is moving to a hard asset backed currency.
This is why the BRICS currency matters.
The Israel will not attack Iran’s oil is all noise.
They need to distract from the fact that the dollar is no longer pricing oil.
Oil is about to massively crash.
China is manipulating the yuan against their gold reserves to crash oil in USD.
The central planners are doing currency swaps (within the G7) to keep oil from crashing.
Few understand this.
The price of oil is deflationary when measured against gold.
Big if true.
JUST IN: BRICS Advances ‘Multicurrency System’ To Break US Dollar Dominancehttps://t.co/mxWmaY4ORq
— BRICS News (@BRICSinfo) October 14, 2024
So if BRICS returns the oil price back to the 1971 gold standard.
The dollar collapses.
This is what Alasdair Macleod was talking about.
