Arcadia Economics, Released on 8/19/23

For Part 1 of this interview, CLICK HERE

While the world waits to see what the BRICS nations may or may not announce regarding a new currency block at their meeting next week, what seems less in question is the overall trend of countries setting up trade facilities that don’t involve dollar dependence. The removal of Russia from the SWIFT system last year continues to serve as a turning point in the global economic arena, and Dr. Jim Willie joins me on the show to talk about the balance of power that’s taking place as we speak. He describes the pressure that’s being put on the treasury market, at the same time an increasing list of nations are adding gold via central bank purchases, and how that will continue to affect the financial markets. Jim also talks about some of the recent developments in the silver market, and how he sees it evolving at the same time we’re seeing the BRICS move away from dollar infrastructure. He discusses conditions with the silver supply, how the banks will ultimately respond, and some of his thoughts on the American Eagle situation. So to hear the latest from Dr. Jim Willie, click to watch the interview 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, precious metals, silver, us dollar