A new Bretton Woods with China as #1 power (E1609)
Max and Stacy note that global perception in advanced economies has shifted such that China is seen as the world’s number one economic power. At the same time, Goldman Sachs is suggesting clients short the dollar and buy silver as Joe Biden seems likely to win the White House and pursue policies that will continue this shift toward China and away from US wealth-creation. Max chats to Simon Dixon of BnkToTheFuture.com about his thoughts on the recent IMF call for a new Bretton Woods.
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