With China getting discounted gas and oil from Russia, they still could maintain the cost of production but can increase the price of finished products from them. They benefit from this conflict and recession so they are profiting. It's the end users from other countries that are only spending higher for the products from China.
Seen some breakdowns and analyses from youtube wannabe gurus and I think they do have good ideas in pointing out which assets are best to have to protect yourself from what will happen in the foreseeable future. Most of them suggest silver and gold still because BRICS nations preparing for a currency backed by elements.
The Brix countries will not create their own, self-sufficient currency, such as the Euro in the EU. there are many reasons.
From the instability of the member countries to populist promises, with the fact that inside, not in public, something completely different is being done.
The issue of gold backing, for example, rests at least on the problem of controlling real backing. China will unequivocally publish such data showing the volume that is beneficial to it, Russia is a country that has long discredited itself in everything, including total lies. And this is almost 50% of the same BRICS.
Well, for example, the EU economy, providing the Euro. It seems to be self-sufficient, but for example, after it turned out that Schroeder sold the energy part of the economy to Russia, and others continued this process, the EU economy received a powerful blow, and now it is difficult to solve the problem. And the Euro went down ....
The BRICS economy is even more precarious and they will not be able to secure the value of their currency and become a conditionally independent financial union. They will also remain dependent on the dollar and the euro, but the receipt of the latter will be greatly reduced ... And this means that the problems of imports, technologies and other things will come out "sideways" than the BRICS are clearly not strong.
