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New World Order Plan Advances as UAE Drops Bombshell, Oil and Gold to SURGE: Hanke
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Summary
The United Arab Emirates is leaving OPEC due to its desire to increase oil production beyond OPEC quotas and a perceived decline in future oil prices. This move is also influenced by regional insecurity stemming from the US-Israeli actions against Iran, which makes future oil revenues less certain. Professor Steve Hanky discusses the geopolitical implications, stating that Iran is emerging stronger from the conflict, benefiting Russia and China while weakening the United States. He also touches on the continued strength of the US dollar despite de-dollarization talks and believes gold is in a secular bull market, expecting further price increases. Finally, Hanky notes increased student interest in gold, reflecting a growing awareness of its value as a safe haven asset.