ilmscore | Venezuela — Why This Matters for Americans and Investors

Predictions from this Video

Total: 5
Correct: 1
Incorrect: 0
Pending: 4
Unrated: 0
Prediction
Topic
Status
Gasoline prices will not significantly increase or decrease in the short term due to the Venezuelan situation.
"do not expect gasoline prices to shoot up or down. Honestly, for the short term, this is going to have minimal impact."
Oil Prices
Pending
If the US can extract Venezuelan oil cheaply, inflation will be subdued and economic growth will be higher, leading to US prosperity.
"inflation will be subdued. We're going to get higher economic growth and the USA will prosper"
US Economy
Pending
The speaker believes the world is becoming more unstable, which is a positive setup for gold prices to continue rising.
"gold thrives in that type of environment. And you have to ask yourself just simply, are we moving towards a more stable world or a more unstable one? You know, I believe that there's going to be more instability and again that's going to be a great setup for gold."
Gold Prices
Pending
The events in Venezuela will further encourage China and Russia to continue de-dollarizing.
"this further encourages China and Russia, the biggest players, to ddollarize and continue ddollarizing."
De-dollarization
Correct
Despite remaining dominant, the world is actively hedging around the US dollar.
"The US dollar, yeah, it still remains dominant, but the world is quietly hedging around it."
US Dollar Dominance
Pending