(Chinese President Xi Jinping gestures as he meets with U.S. Secretary of State Antony Blinken in the Great Hall of the People in Beijing, China, Monday, June 19, 2023. (Leah Millis/Pool Photo via AP)
Dear NQRNews Readers,
Today is Sep 4th. Labor Day in the USA. The highlighted article for today is here:
China will send foreign minister to G20 in place of Xi | The Hill
The significance of this ‘snub’ by Xi is twofold. First he wants to show leadership to his new ‘buddies’ in the BRICS that he places his priority on making the BRICS (anti Dollar) economic club his top focus for economic growth. The second important takeaway, not just a snub to Modi and India by his non-attendance, but to the rest of the world. He is making the statement they will no longer follow or even participate in western economic plans.
If Xi and Putin could start an alternative currency to the dollar, they would have done it last month. If you investigate the BRICS participants and the new add-ons (Iran, Turkey, Cuba, etc.), you find every country has some significant economic issue. They are just hoping by hanging together in their anti-dollar club, they can pull an economic rabbit out of the depression hat.
IMO it can’t happen. There is a global economic recession coming that will be epic. It may actually rival the great depression of the 1930s because the west has leaders that have bought into the one world government dystopian future of Klaus Schwab. This isn’t going to work.
I recommend if you can stock up on some precious metals (silver) while the price is down.
I stand by my statement earlier this year. This is going to be one for the history books.
Uncle Mike
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Uncle Mike
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