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In this episode, Sven Kuijpers of Holland Gold talks to Frank Knopers of Geotrendlines. Frank analyses for us the topics discussed at the BRICS meeting in Johannesburg from 22 to 24 August. The BRICS countries have announced an expansion of 6 countries (Saudi Arabia, Iran, UAE, Argentina, Egypt, Ethiopia).
Frank explains why he thinks these countries were chosen. He also discusses the geopolitical, economic and financial objectives of the BRICS presented at the summit. Finally, Sven and Frank discuss expectations of interest rates and inflation. Frank outlines a possible doomsday scenario, a recession combined with persistent inflation.
