The world certainly has changed in the last few years. The Covid 19 Pandemic and the Russian assault on Ukraine are two factors. Jeff Rubin contends between sanctions, the Russian invasion and inflation we have made a new world that will affect everyone.
One movement identified by Rubin was that nations that have been sanctioned by the United States have been forming new relationships. Trump has made tariffs a big part of his economic warfare. Canada and Mexico have been targeted although they are allies and have their economics tired into America. They are being forced to consider alternatives.
Covid 19 cut supply chains and governments decided to print money and we have been adjusting since. One of the adjustments was inflation.
The Russian invasion of Ukraine has spurred sanctions, but it is no longer like in the past. Russia can now join other countries with sanctions such as Iran and China. The BRICS group has greatly increased and the members take advantage of new ties at the expense of the United States and other western powers. Now Canada finds itself looking for new trade connections.
Russia and Ukraine are both major food exporters. Ukrainian wheat and other agricultural products are necessities for many third world countries. Climate change, although considered a "hoax" by Donald Trump is having an impact on food supplies and very much on immigration patterns. Continued avoidance will lead to ever increasing consequences. China is buying up farmland in Africa.
At one time the United States had an arrangement with Saudi Arabia that all purchases of their oil were in American dollars. Other oil producers took up the same arrangement that boosted the American currency. Now however that is no longer the case and the oil producers led by Saudi Arabia accept a wide variety of currencies.
China is becoming the major money lender and they no longer are favoring the United States as in the past. They are also dominant in rare earth metals buying up mining rights in Democratic Republic of the Congo and Indonesia. Chinese cheap skilled labor is still critical for many companies such as Apple.
Trump became president since completion of the book. Rubin predicted that Ukraine would lose leverage.
The map of the world is now topsy turvey and going in different directions. Jeff Rubin keeps an eye on it. Good to read his books.