In an unprecedented move that threatens to redefine the dynamics of international trade and economic stability, the BRICS nations reportedly plan to launch a new trading currency, backed by gold, at their upcoming summit in August in Johannesburg, South Africa, according to Russia’s Foreign Ministry.
The decision, reported by RT News, marks a bold move away from the US dollar, the world’s current global reserve currency.
The BRICS group, an association of five major emerging national economies comprising Brazil, Russia, India, China, and South Africa, has captured the world’s attention with this plan. Over forty-one countries have expressed interest in joining the BRICS initiative and adopting the new currency, highlighting the growing discontent with the US dollar’s global dominance, thanks to Joe Biden.
According to Russia’s Foreign Ministry, if African nations also show enthusiasm for this gold-backed currency, BRICS membership expansion could be a key discussion point at the upcoming Russia-Africa summit this year.
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So the rumors concerning the establishment of a currency backed by gold have been confirmed. A timetable for its public release is currently not mentioned. If it were me, I would release it with no advance notice for maximum impact. There is no mention of the part Saudi Arabia will play in this release but the acceptance of another currency for oil will add to the economic impact in the West. Plan accordingly and think shiny.
David DeGerolamo
Death knell for King Dollar.
It will still be a functional currency, but understand the bigger picture. Your 401k is going to get crushed by this, cash it out and buy land. Everything else is going to go down in value as the price in USD goes up.
Tic tock: Gonna get worse before it gets better, yet hope remains.
The dust bowl days are going to return very fast now since the satanic globalists are in control of about 50% of all major corporations and pulling their strings to do what they order them. so, Folks you better have your preps. in order and anything else you are going to need. make sure you have a room window A/C unit that runs efficiently from 115 Volt receptacle, at least to stay cool when you need it, and run from a solar battery of which you will need as well. the power will be turned off to force rural and suburban residents into their hunger games 15-minute cities.
I grew up without A/C units in the Bronx and in a hot 8 story apartment building in the summer, and we managed to live thru it year after year. So, if I have to return to it, so be it.
Now that is effective economic warfare.
“You Trusted In Your Beauty and Played the Harlot” -- Edward Umling
https://youtube.com/shorts/2h56BG6xOCk?feature=share
Pride is our downfall, as a Nation, and as individuals.
The dollar indeed is doomed. However, A “gold backed currency” is not the same as gold currency, unless it can be exchanged for gold on demand.
I suppose we will find out shortly. Either of the two options that you point out will have a severe impact on the value of a dollar.
Next BRICS/SCO meeting August 24th. Iran and the Kingdom have a peace deal in the works, and Iran is part of the BRICS+. The trade currency is intended to settle trade debts, not for general use, and can be exchanged for physical gold.
The gold price in $ should be reset (overnight at some unkown date) 25-50 time higher than the current price, and will result in the hyperinflation of the $ and the demise of the IMF$ System.
Tic Tock indeed.
I will believe it when I see it. Do not think for ONE MINUTE that TPTB (read International Banksters/Wall Street) have not figured this out and are taking steps to neutralize any potential problem. Those who are really in charge may be godless. They are not stupid and have gamed this scenario for years. And the biggest and most effective weapon the GLOBOHOMO cabal has is the stupidity of the Amerikan people. Life is a vale of tears. Bleib ubrig.
About 85% of the world wants to join the BRICS. Even Mexico. The world is tired of the bully boy Globalists.
Has anyone of the patriots on this site noticed that someone is giving minuses for their comments, and this is almost on every subject. Looks to me there is some idiot woke jerk bag working for the government or some woke NGO satanic organization. whoever this idiot is please come forward and make yourself known to all the patriots and stop running in the shadows like the demons, make yourself known you CHUMP.
Cowards will never step forward. This is a more prevalent problem on this site than people realize.