Professor Doubles Down on U.S. Dollar Call: Not Dying for 30 Years Because BRICS Are a Clown Show

Stansberry Research
Sept 27, 2023
Professor Doubles Down on U.S. Dollar Call: Not Dying for 30 Years Because BRICS Are a Clown Show
https://www.youtube.com/watch?v=gQhHC_1Q130
“OPEC+ expanding to the BRICS I think is a different discussion which I'd be more worried about than the BRICS creating a new currency that will replace the dollar,” claims president and CEO of Valens Research. He states that despite the energy dominance that BRICS pursues, it will not pose imminent threat to the U.S. dollar. "The idea that China and India will ever agree on giving up their own influence over their own currency is just ridiculous... They're in armed conflict right now!" says Joel. "I think they absolutely want [to take down the dollar], but what – they'll give up their own sovereign rights to each other?" Additionally, he shares his sentiment about the market, stating that he has never been “so bullish long-term and so bearish show-term.” "We are going to see earnings erode to such a degree... the market is really topped out, and we don't have much more to go,” he concludes. Sign up for http://September27Warning.com to learn more on how you can grow your wealth from Joel.

#stockmarket #brics #energy #investing #inflation #opec #china

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Chapters:
00:00 Fed could still raise rates
4:05 U.S. debt and inflation
7:12 U.S. dollar
10:59 The power of BRICS
12:13 The meanings of BRICS meetings
15:38 The strength of the US dollar
18:19 U.S. downgrade
19:00 Joel’s investment strategy
21:48 Recession
23:07 Gold
25:30 CBDC