Vladimir Putin's visit to China shows how quickly the BRICS bloc is now reacting to the West's declared war of sanctions and tariffs. The bifurcation of the global economy into two large blocs, one of which will be an energy-dominant player, will be the punchline of the coming years, if not decades.

This cold war of economies will also develop into a currency war. The BRICs bloc will gradually move away from dollar dominance as a settlement layer and reserve currency of international payment flows and establish a financial system, as yet unsettled, that gives them stability and independence from the dollar space. With the right energy policy, the USA can become self-sufficient in this area and stabilize its currency by returning to the private formation of capital.

The question is: what will the Europeans do as an energy-poor continent? There is great panic in Brussels and in the ECB Tower in Frankfurt! Their are doubling down in the area of net zero climate policy shows that they are still desperately trying to impose their own fiat money system on the world, a money that is backed by nothing but the climate moralism of the Davos clique. The Europeans will have to brace themselves if they do not quickly change their course of international cooperation by importing energy with inflation money. And that will cost them their prosperity!