If the banking crisis of 2008 taught us anything, it’s that, if you can’t touch it, then you don’t own it! Unfortunately for us, there’s been a resource and asset war occurring since the fall of the Soviet Union.
Your pension is nothing more than electrons on a screen, so when the world’s reserve currency inevitably flips from the ‘Dollar’ to the ‘Yuan’, it will seal the deal for a cold war that never actually went away.
Sadly, pensions are linked to stock market activity and most importantly for this article – oil! The current slide of oil prices and thus energy prices are symptoms of an economic war as a result of Ukraine. Unfortunately, Russia has two aces up its sleeve. China and the 21st-century powerhouse called BRICS. Over half of the largest world economies are divesting out of the US Dollar’s reserve currency. (more…)