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3 Things You Need to Know About BRICS and GOLD Before It's Too Late
BRICS is an acronym for Brazil, Russia, India, China, and South Africa, which are a group of emerging market economies that are working together to increase their influence in the global order.
It is said the BRICS was created to destroy the United States by destroying the US Petrodollar. Other countries are sick and tired of being controlled and bullied by the United States as the US Dollar is the currency of the world.
The BRICS nations want to create their own currency and not depend on US currency and remove themselves from US influence.
There are nine countries in the BRICS intergovernmental organization:
Brazil
China
Egypt
Ethiopia
India
Iran
Russian Federation
South Africa
United Arab Emirates
The country that must be constantly monitored is Saudi Arabia as the US has an Oil Treaty with them as they promise protection. But if Saudi Arabia is offered protection by the BRICS countries, they will likely join them and then the US could be in some real trouble. There are rumors they have accepted but not signed the deal as of December 2024.
BRICS Nations are buying Gold & Silver without reporting.
They want to have their new currency backed by Gold. This would be another nail in the coffin of the US Dollar as it is just fiat currency with no backing whatsoever, just a paper currency that is “freely” printed by our Government.
In this interview, "3 Things You Need to Know About BRICS and Gold Before It's Too Late," Andy Schectman, President of Miles Franklin, talks about the key trends and developments shaping the future of gold and global trade.
The BRICS nations' are attempting to plan for a gold-backed settlement currency and the USA is not buying Gold and is quickly coming to the point of complete financial failure and won’t be able to deliver on their financial short sales.
Source: Soar Financially -- https://www.youtube.com/watch?v=zG8X4_mxSFA&t=3025s
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