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BRICS Nations Digging Deeper into De-Dollarization Strategies
The worse the U.S. economy gets, the more potential a BRICS currency could take hold. Previously, we discussed how more nations are on board with the alliance's de-dollarization efforts. Now, two of the namesake countries' leaders are taking a deeper look at implementing the potentially historic monetary system. South Africa is looking into cryptocurrencies - at least the more stable ones - while India is conducting a serious study on the implementation of the proposed new BRICS currency and de-dollarization. What makes this more worrisome is the Indian government revealing it will not publicly release its findings. Is dedollarization becoming a reality sooner than we think? Is BRICS wisely stepping back and looking carefully into its planned worldwide financial shakeup? Most importantly, how does this affect you?
Swiss America CEO Dean Heskin and Chris Agelastos take a deep dive into how these approaches play into the overall viability of the BRICS' de-dollarization plans and how far it will go on The Secret War on Cash.
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Articles referred to in this podcast:
BRICS: South Africa to Explore Stablecoin Development in 2024 (watcher.guru)
India Begins To Study BRICS Currency (watcher.guru)
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