AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
6min chapter
MI235: Investing in Uncertain Times w/ Louis Gave
Millennial Investing - The Investor’s Podcast Network
China, the Dollarizing Their Economy?
The US has a track record of tripping up its enemies by weaponizing the US dollar. The Ukraine war actually changes the equation somewhat in that at least now you have Russia, Russia that always was a little bit reluctant on trading in RMB. It's sort of beggars can't be choosers kind of thing. A few years ago China was buying about 4 billion dollars worth of commodities from Russia every month. Now it's about 12 billion a month. And it's probably going to keep growing because they turn to people like BHP who are mining companies there.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode