from Kerry Lutz's Financial Survival Network
Rob Kirby returns… China has thrown its weight behind settling its oil purchases from Iran and Venezuela in cryptos. This explains why cryptos have taken off and gold/silver have remained in the dumps. This is de-dollarization in a big way. Dollars are of no use to Iran and Venezuela. They’ve been cut off from Swift and there’s nothing to be gained. The Chinese found a work around. This will heighten cryptos and make the prices go much much higher. The crypto is getting recycled back to China in the form of goods purchased. All brought on by American sanctions. Trading in gold isn’t a viable option. The net result is a weaker dollar and the oil continues to flow. The mainstream press is avoiding the story. The US Dollar is on its way out as the reserve currency. The direction is clear. Rob believes that eventually we will return to a currency that will be based upon something tangible.
Click Here to Listen to the Audio
Sign up (on the right side) for the free weekly newsletter.
from Kerry Lutz Podcasts – Financial Survival Network https://ift.tt/3dcCrAY
