NEW WORLD ORDER: Russia’s invasion of Ukraine has unleashed war. Here’s how it could impact investors from inflation and interest rates to massive money printing and the Fed ODEON CAPITAL CONVERSATIONS

In this episode, ODEON CAPITAL CONVERSATIONS presents parallels in history to understand the future of the globe with the invasion of Ukraine by Russia. What does this shocking unfolding of events in Europe mean for global trade and the world economy as well as for investors and your money? This episode will ask these important questions and much more.

The invasion of the Ukraine provides clarity to the fact that there is a new Axis in place, according to Dick Bove, chief financial strategist at Odeon Capital Group. The new Axis is composed of Russia, China, Iran, North Korea, and Cuba not to mention the countries that have re-entered the Russian Federation’s orbit, he says.

Bove explains: “The words of Putin and the actions of China suggest that the goals of this new Axis are manifold:

· Create a multipolar world not dominated by the United States

· Build an economic monolith around the Belt and Road Initiative, which is now in 78 countries

· Create a new financial system more reliant on the yuan than the dollar

· Use military prowess when required. “

Bove says that the new system being posited changes the way business will be done. In the past two decades, the decision was made to pretty much open the world to global trade, he notes. “The country that could make serviceable products at low prices obtained the business. This no longer makes political sense,“ Bove says.

If the United States increases its reliance on sourcing critical goods from Axis nations, it could find itself at a terrible disadvantage in the event that Russia builds a new military machine in Western Europe or China uses the South China Sea as a national lake, according to Bove. "The United States must redevelop self-sufficiency again," he says.