Gold is hitting new maximums of all time while the Brics countries continue to stack themselves against the US dollar. Gold will continue to rise until the countries continue to print money and run huge deficits.
Central banks are also purchasing and downloading US bonds, since they do not want to be sanctioned as Russia was in the future.
The Brics economic block is the heart of these reasons: no, not the masonry type. The economic type.
It is an acronym for Brazil, Russia, India, China and South Africa and for 14 years now these countries have joined to challenge the hegemony of the United States with a new world currency: Brics.
BRICS: the new world currency
In 2014 Russia was launched by G8 – the group of richest nations in the world – for their aggression in Crimea. G8 has become G7.
No biggie, said Putin, said, and I quote, “bon appetite”.
Because he knew what was going on. The new world order, with China, India and Brazil at the helm.
Regardless, these countries are dwarfs in the United States, but together they represent 40% of the world population and, according to the IMF, 50% of the world GDP by 2030.
Here’s what the president of Brics Marcos Prado Troyjo had that he no longer needs the US dollar: “We have implemented the mechanism of mutual settlements in rubles and rupees, and it is not necessary for our countries to use the dollar. settlements. And today a similar mechanism of mutual settlements in Rubli and Yuan was developed by China. “
BRICS: Because America has collected what she sown
Brics really started putting things on the bike 14 years ago. Do you know what event happened 14 years ago? Think really hard. I will give you a clue: it has involved collateralized debt obligations, toxic subprime mortgages and a lot of numerical crew from “Quants” to Wall Street.
The 2008 financial crisis.
The US dollar is the installation layer of the world, which means that when two nations trade, they do not do it in euros or gold, they do it in US dollars.
So when 2008 happened, a crisis that was completely avoidable and was caused by the cupidity and stupidity of the banks in the United States, what happened?
Everyone all over the world felt the pain. More unnecessarily, we could add, due to the American banks Cup.
The future of the US dollar
In the meantime, in addition to Saudi Arabia, multiple countries have expressed interest in joining Brics. And they are also thinking of making it a system supported by gold that will make it equivalent to a new world reserve currency.
If we were you, we would start paying attention.
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