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AQuietNight
Sean Foo
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Comments by "AQuietNight" (@AQuietNight) on "BRICS Is Moving To Flip The World Order - It’s Now East vs West" video.
Russia and South Africa are economic small fry. Take away oil, Russia has no economy. South Africa doesn't have all that much to offer either. Saudi Arabia outside of oil is known for what? Their great beaches? One thing Sean doesn't take into account is a lot of Asian countries want more economic action, they don't want to be customers of China, they want China to be their customer. You are going to have a lot of economic friction in the years to come. India also intends to go after China and the Indians almost see this as a religious economic war. Getting an iPhone factory from China is a mighty blow. Plus Indians love who ever gives them a discount. Again, buying some gold is not a bad idea but I wonder if China has continuing economic problems due to their economy slowing down, would they start selling off their gold reserves to pay the bills there by depressing the price of gold? If they are selling off their U.S. Treasuries in large quantity, they must be taking a loss so they are losing money there.
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