It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.
It could happen in just a few years.
The process by which this will happen is unprecedented, and the world is unprepared for this geopolitical shock wave.
This monetary shock will be delivered by a group called the BRICS.
The acronym BRICS stands for Brazil, Russia, India, China and South Africa.
This play for global reserve currency status by the BRICS will affect world trade, direct foreign investment and investor portfolios in dramatic and unforeseen ways.
The most important development in the BRICS system concerns the expansion of BRICS membership. This has led to the informal adoption of the name BRICS+ for the expanded organization.
There are currently eight nations that have formally applied for membership and 17 others that have expressed interest in joining. The eight formal applicants are: Algeria, Argentina, Bahrain, Egypt, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.
The 17 countries that have expressed interest are: Afghanistan, Bangladesh, Belarus, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Senegal, Sudan, Syria, Thailand, Tunisia, Turkey, Uruguay, Venezuela and Zimbabwe.
There’s more to this list than just increasing the headcount at future BRICS meetings.
Correct me if I'm wrong, but that list of applicants looks to match up pretty well with the list of countries where the DS is running military ops and fomenting instability.
Rickards has been shilling the imminent demise of the dollar for years....always a bombshell to drop in 6 weeks. I guess it gets him a lot of clicks and probably sells a lot of subscriptions to his letters.
Like the broken clock, he will be right eventually....
It's literally in the 4th paragraph.
It involves the rollout of a major new currency that could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.
It could happen in just a few years.
The process by which this will happen is unprecedented, and the world is unprepared for this geopolitical shock wave.
This monetary shock will be delivered by a group called the BRICS.
The acronym BRICS stands for Brazil, Russia, India, China and South Africa.
This play for global reserve currency status by the BRICS will affect world trade, direct foreign investment and investor portfolios in dramatic and unforeseen ways.
The most important development in the BRICS system concerns the expansion of BRICS membership. This has led to the informal adoption of the name BRICS+ for the expanded organization.
There are currently eight nations that have formally applied for membership and 17 others that have expressed interest in joining. The eight formal applicants are: Algeria, Argentina, Bahrain, Egypt, Indonesia, Iran, Saudi Arabia and the United Arab Emirates.
The 17 countries that have expressed interest are: Afghanistan, Bangladesh, Belarus, Kazakhstan, Mexico, Nicaragua, Nigeria, Pakistan, Senegal, Sudan, Syria, Thailand, Tunisia, Turkey, Uruguay, Venezuela and Zimbabwe.
There’s more to this list than just increasing the headcount at future BRICS meetings.
Correct me if I'm wrong, but that list of applicants looks to match up pretty well with the list of countries where the DS is running military ops and fomenting instability.
Rickards has been shilling the imminent demise of the dollar for years....always a bombshell to drop in 6 weeks. I guess it gets him a lot of clicks and probably sells a lot of subscriptions to his letters.
Like the broken clock, he will be right eventually....
I hate articles that use acronyms but don't say what acronym stands for.
What is BRICS?
The acronym BRICS stands for Brazil, Russia, India, China and South Africa.
On the one hand, kudos for posting a question. these kudos are outweighed by the obviousness of them and the easy solution to it:
goto: google, bing, yandex, for Gods sake: goto wikipedia. Enter the search string: BRICS.
And magically, it will answer your question.
But, I will do you an even better one.
Goto chatgtp, and pose the question there: what is the brics?
So, my question now is: what makes your will to knowledge such display of dependency?
Just chatting. I'm not trying to look cool or smart. I like for people to share their knowing of stuff. I even like you.
Silver Chads rise up
Gold standard? Gold standard Digital currency? Removal of petro dollar? I wonder what it is
Based on Gold? Are they paving some sorta Yellow BRICS road?