Ken Schortgen Jr. was interviewed by V the Guerrilla Economist on Friday, September 8, prior to the U.S. Treasury Secretary Steve Mnuchin's ludicrous threat to cut the world's largest trading nation (in real rather than inflated fiat terms) out of the dollar trading system, if Beijing did not go along with crippling UN sanctions against North Korea.
The escalation of such absurd threats, as Ken discusses in Friday's interview, is driven by desperation in Washington as the Eurasian powers act in concert to lure a cash hemorrhaging Saudi Kingdom into their orbit, and out of the dying petrodollar system. Ken goes into more detail on the Shanghai International Energy Exchange offering crude oil contracts in Chinese yuan with the killer option of settlement in gold. Ken also discusses the recent BRICS conference in Xiamen and Vladimir Putin's remarks in support of breaking the hegemony of the dollar as a unipolar reserve currency. Ken adds that the BRICS are poised to introduce a cryptocurrency that uses blockchain technology for trustworthy trade settlement. -- JWSRead More