"Chinese savings are no longer financing American fiscal expansion, and in the wake of the unprecedented sanctions against Russia over the invasion of Ukraine its reasonable to expect China—and India, Brazil and numerous other countries—to seek ways to further separate themselves from the Western financial system to the extent they can." So where are China, India, & Brazil parking their funds outside the Western financial system? Commodities including rare earth minerals & both base & precious metals, crypto currencies, real estate, fine art?
"Chinese savings are no longer financing American fiscal expansion, and in the wake of the unprecedented sanctions against Russia over the invasion of Ukraine its reasonable to expect China—and India, Brazil and numerous other countries—to seek ways to further separate themselves from the Western financial system to the extent they can." So where are China, India, & Brazil parking their funds outside the Western financial system? Commodities including rare earth minerals & both base & precious metals, crypto currencies, real estate, fine art?