Russian officials had teased that the BRICS would move to establish a currency backed by gold. That may continue to be a long-term goal, but it’s not happening quite yet.
A major crisis is in our near-term (5‒8 years) future. We don’t know the precise timing or nature of the crisis, but the patterns indicate one is coming and could be severe.
The foundation of faith in the US Dollar is shaky. Is there another pillar keeping the dollar steady, such as the “tech-dollar,” and if so, could it prolong the dollar’s reign?
BRICS currency is not happening. There is no dollar collapse to be found there, and the US will create its own economic collapse long before that happens anyway.
Fed's Dudley says good-bye to bonds, and S&P downgrades a swath of US banks. Expect bank troubles to be made worse by the devaluation of commercial real estate.
Mining stocks' performance depends heavily on management acumen, the regulatory environment, sentiment on Wall Street, and costs for capital, labor, and energy.
