Arcadia Economics, Released on 8/17/23

For Part 2 of this interview, CLICK HERE

With the BRICS meeting in South Africa now only a week away, today we check in with Dr. Jim Willie to get a preview of what he’s hearing and expecting in terms of some sort of currency or payment mechanism that has a link to gold. Jim shares what he’s learned about the BRICS development, the potential structure that the group might look to for such an initiative, and also explains how despite the progress they’ve made, that they’re likely to not be overly forthcoming with details at the meeting next week. Yet he explains the pressure that the development that the trend will place on the US treasury and gold markets, and how it’s just the latest blow to US dollar hegemony. Jim also talks about the latest developments regarding the US debt-loads and treasury auctions, and why that’s continuing to drive participants out of the market. He describes the concerns he has about the fragility of the system, and some of the problems that are developing as the rest of the world is beginning to accept that the debt simply won’t be paid back. So to hear the latest from Dr. Jim Willie of The Hat Trick Letter, click to watch this video now!

Jim Willie is a statistical analyst in marketing research and retail forecasting. He holds a PhD in Statistics, and his career has stretched over 25 years. He aspires to thrive in the financial editor world, unencumbered by the limitations of economic credentials. Jim operates a free website called Golden Jackass.

Chris Marcus worked 2 years at bond rating agency Moody’s, has an MBA from Wharton, and also worked 7 years as an equity options trader for Susquehanna International Group on the American and New York Stock Exchanges, before leaving in 2012 to create Arcadia Economics. In addition to publishing Arcadia’s Monthly Market Snapshot, he also currently writes market commentary for gold and silver dealer Miles Franklin, Investing.com, and several others.

  BRICS, gold, us dollar