Despite the White House and Janet Yellen saying we are not in a recession now, even though there have just been 2 consecutive quarters of negative GDP growth. We see the BRICS nations joining together to create a new SDR (special drawing rights) backed by a basket of currencies from the BRICS nations. Brazil, Russia, India, China, and South Africa. Saudi Arabia and other countries are discussing joining the BRICS nations. Many African and Middle East nations will use this SDR for trade. This makes the USD losing it’s global reserve status, a foregone conclusion. It is no longer a question of if, only a question of when! Here is an article about the BRICS SDR, click here to read more.
In 2020, Kirkland’s butter was $6.99. Now it is posted at $13.99. Many food’s have doubled in two years: