Russia is now turning to countries that it deems friendly, i e, brazil, india, china. It says there's no point in me earning euros or us Dollars any more. I can't do anything with them. So if you want to buy my commodities, pay me in your local currency. And so we're already seeing, you know, oil fou rupee trades. We're already seeing for renman b trades and natural gas for renmanb trades. But this right there, this is a massive game changer.
MacroVoices Erik Townsend and Patrick Ceresna welcome Gavekal co-founder Louis-Vincent Gave to the show. Louis has a different take on the impact of U.S. seizure of foreign-owned assets, and he also shares his outlook for bonds, the dollar, stocks, and precious metals. https://bit.ly/3G5dOmI
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