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Michael Wilkerson, Founder of Stormwall Advisors and Author of “Why America Matters,” joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss China’s recent mediation of diplomatic relations between Iran and Saudi Arabia, and what this means for China’s status as a world power going forward. Wilkerson and Makori also discuss the escalating tensions between the U.S. and China with increasingly hostile rhetoric from the Xi administration, growing trend toward de-dollarization, the rise of a potential BRICS reserve currency, the ongoing conflict in Ukraine, and what all of this means for investors.
Follow Michelle Makori on Twitter: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on Twitter: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow Michael Wilkerson on Twitter: @MW_Stormwall (https://twitter.com/MW_Stormwall)
0:00 – Iran, Saudi Arabia, and China
10:18 – Oil market and the petrodollar
12:15 – BRICS alliance
16:03 – China-U.S. relations
18:38 – New BRICS currency
20:30 – Investment implications
26:11 – President Xi
28:44 – New Chinese foreign policy
34:23 – Lab leak hypothesis
37:02 – Taiwan
38:35 – Long-term portfolio allocation
#china #russia #politics
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