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FINANCIAL SENSE NEWSHOUR: Gordon T. Long on Secret ‘Shanghai Accord’
Speculation abounds of a closed-door meeting between leaders of the world’s largest economies to take down the US dollar. The reason: to provide relief to commodities, oil, and emerging markets. Gordon Long, co-founder of Financial Repression Authority, discusses the so-called Shanghai Accord and, if such a deal was struck, why it won’t have the same success compared to other accords formed in the past for the same purpose.