by Kerry Lutz, Financial Survival Network:
John Rubino is back… They got a bank to “buy” Silicon Valley Bank. Deutsche Bank’s stock rose in European trading. De-dollarization is now a real thing. Argentina, Indonesia, Saudi Arabia, Iran, Mexico, Turkey, the United Arab Emirates (UAE), and Egypt have all expressed an interest in joining the BRICS alliance. African countries seem a lot more interested in China and Russia than the US. China, India and Russia are cutting trade deals in their own currencies, including for oil. Saudi Arabia is now willing to take other currencies in return for oil, which ends the petrodollar. Is commercial real estate the next crisis? Is France’s retirement age crisis an example of why all major countries are going broke? Are these new AIs the real thing? They seem to have passed the Turing test.
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