Gold's Dedollarisation, Indian Assassins, The Green Default

Multipolarity

Gold has lost its tiny mind. Traditionally, it rises in line with inflation surges. And falls with interest rate rises. Until now. Like a classic heist film, there’s a plot underway. Central banks, including China, are buying it up in bulk, preparing for a future of de-dollarization.

The fallout between India and Canada rumbles on, with India expelling 41 Canadian diplomats. The world’s most unlikely political rivalry might be terrible for international thriller writers, but as we’ll be pointing out, it’s also terrible for the West’s ability to project a united front against an increasingly voluble Developing World.

Nearly twice the Irish GDP has been pumped into Biden’s big green bill, the so-called Inflation Reduction Act. So as renewable stocks collapse by 20 per cent in recent months, are we about to see his Democrats hoist on a wave of renewable company defaults?

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