Erik Townsend had an interesting guest on this week.  Louis-Vincent Gave covers several important topics and his perspective resonated with me. Among other things, they cover:

The current state of the economy in China. US media has been saying that China’s economy is on the verge of collapse for a decade now, and I find that highly unlikely. Louis explains why that’s unlikely.

De-dollarization and the BRICS. I find myself in complete agreement with Louis here. The whole idea about whether or not there will be an announcement at one of these BRICS conferences, at some point announcing a new reserve currency, is completely missing the point. The real point is that de-dollarization is already happening if you simply open your eyes. It’s happening all around us. Countries are trading goods and services in their own currencies, and the more trade that occurs bi-laterally, the less they’ll need the dollar to be in the middle of it. This is a gradual process, and it’s already clearly happening. This will have an impact on the dollar and the US bond market. And that’s putting it mildly.

We’re at a monumental point in world economic history. Major changes are happening all around us, and the US media is not reporting it at all. They have no sense of what is important and what isn’t, and they’re completely oblivious to the economic earthquakes that are happening right under their feet.

And finally, the question on whether Putin will weaponize oil. I could see this going either way, but there’s no question that it’s a possibility. I’d put it at less than 50/50, but if it happens, it’s impossible to overstate the impact it would have. It would also quite likely lead to a bi-polar world in terms of trade.

These are big topics, and it’s impossible to do them justice with one podcast or a few blog posts, but the world will be very different 10-20 years from now than it’s been for the last 50 years. It’s time to open your eyes and recognize that change is coming…