The well-managed currencies and economies of Russia and China pose a financial challenge to the heavily indebted US dollar. There is a noticeable shift in capital flows and global trade from Western nations to Eastern ones. The underlying objective of the proxy conflict in Ukraine, along with the potential proxy conflict in Taiwan, is to compel our allies to unite against Russia and China, thereby establishing a closed economic system that circumvents the true valuation of the US dollar. The proxy conflict in Ukraine has not achieved its goals, and China has refrained from engaging in Taiwan, prompting the US to redirect its focus towards China through alternative strategies, with plans to address Russia at a later time. Meanwhile, BRICS has emerged as a significant entity, demonstrating its ability to thrive independently of Western influence. – kKEETON…
You see as to the past and now present…
The West has struggled with currency management, while the East tends to handle financial matters more effectively. This represents a significant contrast. Traditionally, we refer to this as Money Management, where financial resources are handled with respect and ethical considerations…
WtR