/biz/ - Business & Finance

>>53116209
Ok now to be serious, his first point about the navy. This goes back to classic Mackinder and is the reason the US recently blew up a pipeline. An attempt to keep Germany and Russia separated and hold its fracturing empire together. Germany depends on cheap Russian energy for its manufacturing. Now they will depend on expensive US LNG.
Which leads into his second point about BRICS. How does he mention BRICS and not the SCO? Anyways a united world island with sufficient infrastructure would not depend on sea for trade, hence the Chinese belt and road.
With respect to his currency question the answer is obviously gold or some other commodity.
His final point about the most liquid least problematic currency being the dollar is just false the obvious answer is gold. The US dollar is at the end of the day a gold substitute but one that is undermined by its own central bank and its unlimited printing.
He complains that China manipulates its currency well of course everyone manipulates fiat currency that is the name of the game but being one of the worlds greatest gold producers it would benefit them and the other BRIC nations to switch to gold because they hold the gold.
tl;dr He says the US is the only currency to satisfy the requirements of the current paradigm but other nations want a new paradigm that bypass gold.
I expect better from him but I guess his job is to sell hope to the hopeless.