He is predicting increased regionalization worldwide due to the USA stepping back from Breton Woods
JOHANNESBURG (AP) — Iran and Saudi Arabia were among six countries invited Thursday to join the BRICS bloc of developing economies in a move that showed signs of strengthening a China-Russia coalition as tensions with the West spiral higher.
The United Arab Emirates, Argentina, Egypt and Ethiopia were also set to enter BRICS from Jan. 1, 2024, joining current members Brazil, Russia, India, China and South Africa to make an 11-nation bloc.
https://apnews.com/article/brics-russia ... 5c068b7a50Well I guess it's regonalization for those former enemies in the middle east but the BLOCK is worldwide, and has all the cheap oil basically. I wouldn't be surprised if Iraq joins one day too, if they can escape the enforced system they now live under. Big changes afoot!
Personally I see nothing wrong with reduced populations, it makes good sense in a world where food is 80% or more dependent on fossil fuels. The only issue is what to do with the unproductive old people, like most of us
Population decline is a critical issue in the West because our social security systems are funded by tax on the young workers. But China, Russia and many other big populations don't have these liabilities so they can take a reduction and simply 'reset' their business models, so to speak. SS, it's called the third rail isn't it? Governments dance around the topic but they never go so far as to explain how they are going to fund half their populations in the future, aside from somehow cashing in the filing cabinets full of treasury bonds they have. Private pensions sound great on paper too but the GFC showed us that it's not money under the mattress. It can vanish overnight in a financial collapse.
George Bush Says There is No Social security problem. He is seen here with Susan Chapman of the Bureau of Public Debt. "I went there because I’m trying to make a point about the Social Security trust." All the money is there
