The New Cold War Has Begun

By Quoth the Raven

2022.11.28

Over the course of the last year, I have been sounding the alarm about the growing divide between BRIC nations, like China and Russia, and the United States.

It started last year in August 2021, long before our current inflationary crisis and the war in Ukraine, when I predicted that China would try to concoct a gold backed digital currency that would put the U.S. dollar on its heels.

As Russia’s war in Ukraine has progressed, the country has allied itself with China further and I have written and talked extensively about the threat that I think their relationship poses to the United States and the West.

Reading not so subtle tea leaves – like the BRIC nations’ publicly stated intentions to create a global reserve currency (announced in July 2022, predicted by me in February 2022), and China’s all-but-certain plans to eventually try to take back Taiwan – I have been making the argument that the United States, with its $31 trillion in debt, is in possibly the most precarious economic position it has been in for decades.

dollar
gold
reserve
reserve currency
inflationary