Shifts Happen – Episode Four

Episode Four of Shifts Happen sees our attention turn to two articles recently published by Zoltan Pozsar of Credit Suisse in which he fleshes out his Bretton Woods III framework and examines the problems posed by what he calls 'commodity encumbrance.' Increasingly strong ties between China, Russia and the Gulf States along with recent high-profile speeches by Xi Jinping and Vladimir Putin add significant weight to much of what we've talked about in the first three episodes of Shifts Happen - a series of dramatic changes happening in plain sight that threaten the supremacy of the dollar-based global financial system. In this episode, we flesh out Zoltan's excellent work and examine why what he's written is important, analyze the new framework he envisions and explain why this is now a situation which is fast becoming too big and too important for investors to ignore any longer.