Inside China Business The BRICS trading system is already wiping out US farmers, as global price discovery is destroyed

🎯 Загружено автоматически через бота: 🚫 Оригинал видео: 📺 Данное видео является собственностью канала Inside China Business. Оно представлено в нашем сообществе исключительно в информационных, научных, образовательных или культурных целях. Наше сообщество не утверждает никаких прав на данное видео. Пожалуйста, поддержите автора, посетив его оригинальный канал: @Inside_China_Business. ✉️ Если у вас есть претензии к авторским правам на данное видео, пожалуйста, свяжитесь с нами по почте support@, и мы немедленно удалим его. 📃 Оригинальное описание: Millions of tons of annual agricultural trade is now being conducted outside the US dollar, and within the new BRICS framework. This represents a tectonic shift in global finance, as the dominant trading hubs of New York, Chicago, and London are replaced by a multipolar system of bilateral trades using national currencies and non-USD-denominated pricing and contracts. The already huge volumes of trade in ag, energy, and raw materials are destroying price discovery in global markets. Decisionmakers and executives in Western companies are unable to see markets, nor can they know what parties are driving demand, nor which suppliers are emerging to meet that demand. Our senior-level business managers and planners are flying blind, and only after realizing giant losses we learn that we are now suppliers only of last resort: the BRICS countries and their allied countries across the world are producing and trading at prices far below our cost of production. Resources and links: Record U.S. Agricultural Trade Deficit Forecasted to Keep Growing Why U.S. agricultural exports are down almost 20% from last year Why is China canceling US wheat shipments? Bloomberg, China’s Waning Hunger for Grain Spells Trouble for World Market Visual Capitalist: visualizing the BRICS expansion in 4 charts Inside China Business, China wrecks wheat markets in US, Europe, and Australia. Should American farmers sell off land? CME Group futures markets for near-dated contracts #products Futures heat map from / futures Closing scene, Dalian, Liaoning province