How De-Dollarization Could Implode The Global Economy | Rabobank's Michael Every

It increasingly appears we are entering a multipolar world, different from the recent era of globalization era directed by the USA.

The majority of folks who watch this Wealthion channel are from Western countries, so to bring us up to speed on the key developments that the BRICs countries are up to that should have our attention, I'm pleased to welcome Michael Every back onto the program.

Michael is Global Strategist at Rabobank, and is based out of Singapore

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There’s no doubt that it's a very challenging time right now for the average investor. Above and beyond the recent economic impacts of COVID, the new era of record low interest rates, runaway US debt and US deficits, and trillions of dollars in monetary and fiscal stimulus stimulus has changed the rules of investing by dangerously distorting the Dow index, the S&P 500, and nearly all other asset prices. Can prices keep rising, or is there a painful reckoning ahead?

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#dollar #currency #economy

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